đ±đ±$BTC CORRECTION UNDERWAY & NEXT BUY BACK ZONE OPPORTUNITIES đ„đ°
đ« NO NEED TO PANIC â LETS MAKE TRADE PLAN TOGETHER! đđđ
â ïžRECAP:
WE HAVE BEEN FOLLOWING BTC VILIGANTLYâ
(i) 110K-116K move : Inverse head & shoulders.
(ii) 116K-114K move : Head & shoulders with monstrous & evil liquidity sweep.
(iii) Let's discuss next upcoming opportunities.đ
đMACRO:
(i) Expected Volatility due to Fed Fate Cut.
(ii) 8 out of 10 indicators turn bearishâ CoinTelegraph reported.
(iii) Trump Tweetedâ Massive sanctions on Russia & Tariffs on China.
Technical Analysis:
As we had discussed earlier how after inverse head and shoulders break out & bullish rally, we had a fair value gap or FVG from 113K-115K that needs to be filled.
Currently $BTC has successfully broken down from bullish trend and is now tracing back towards the *buyback zone near 113K level.
This also was a shake out of late FOMO buyers who thought BTC will reach new highs & will continue to rally above 116K. On the other hand, Smart traders either entered earlier or they are now waiting on the sideline for *buyback zone.
*Buyback zone = Retest of main broken Resistance of Inverse H&S intersecting with main orderblock.
â ïž BUY BACK SETUP :
đ°Buy 20% at 113,790. (Buyback Zone)
đ°Buy 20% at 112,962. (Retest)
đ°Buy 20% at 111,966. (Liquidity Sweep)
đ°Buy 40% at 115,500. (Reclaim)
Though market looks like it's turning bearish, it's only recalibrating & settling down for next major move. đ„đ There are too many positives which includes ETFs inflow & global adoption at wider scale than ever before, I think overall bullish trend remains entact. đ Lets also position ourselves smartly & wisely so we don't miss out on opportunities that are ahead of us. đ
â ïž Nothing is guaranteed in this market.
This is my personal analysis and opinion â not financial advice.
Please like & follow for more posts that actually make sense. đ
Trade $BTC .
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