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Weekends are boring as always, we are waiting for the opening of all markets tomorrow.
If we talk about the bitcoin chart from the technical side, then we are holding in the range of $17,000-16,350, forming a structure for a further level of support and resistance.
The question is how long will we be kept below $17,000 because everyone already wants a strong increase, right?
I think we will still go through $16,000 and make a DD on 12H and then I expect a take-out towards $18,000 (my first take profit), then we will act according to the situation.
Now we are in a strong manipulation zone, people are waiting for the price to drop even lower in order to buy and enjoy life, but let's think together, the market always works the way we think? I think no.
And then inexperienced traders start buying in a panic, watching the rocket fly away without them.
By the way, I'm in LONGE!
Weekends are boring as always, we are waiting for the opening of all markets tomorrow.
If we talk about the bitcoin chart from the technical side, then we are holding in the range of $17,000-16,350, forming a structure for a further level of support and resistance.
The question is how long will we be kept below $17,000 because everyone already wants a strong increase, right?
I think we will still go through $16,000 and make a DD on 12H and then I expect a take-out towards $18,000 (my first take profit), then we will act according to the situation.
Now we are in a strong manipulation zone, people are waiting for the price to drop even lower in order to buy and enjoy life, but let's think together, the market always works the way we think? I think no.
And then inexperienced traders start buying in a panic, watching the rocket fly away without them.
By the way, I'm in LONGE!
