G'day, Guys.
As predicted BTCUSD continue to rally to reach its previous high.
Today I expect this pair to create some corrections before continue bullish. If this continues, we might see BTCUSD reaching an 80k price tag by Oct and a 100k price tag by Dec.
The zone between 50.5k and 45k is the SNR at this current price. From my perspective, I wait for the price to complete the market structure before positioning myself in a long position. Without that, I rather avoid the movement.
Friendly reminder, never put yourself in FOMO conditions. If the price too high and planning to go long, let it go. Market has a structure, there will be a time price create the corrections / consolidations
From here, you will able to manage your risk effectively.
Cheers.
As predicted BTCUSD continue to rally to reach its previous high.
Today I expect this pair to create some corrections before continue bullish. If this continues, we might see BTCUSD reaching an 80k price tag by Oct and a 100k price tag by Dec.
The zone between 50.5k and 45k is the SNR at this current price. From my perspective, I wait for the price to complete the market structure before positioning myself in a long position. Without that, I rather avoid the movement.
Friendly reminder, never put yourself in FOMO conditions. If the price too high and planning to go long, let it go. Market has a structure, there will be a time price create the corrections / consolidations
From here, you will able to manage your risk effectively.
Cheers.
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