Dear readers, today I want to give a short glance at the market. I am in a dilemma about whether to take a long or a shorter position. Now that the situation is like a hustle and bustle and I am walking around, it is too tough to take a position. I will explain my mental situation to you.
As the main bitcoin halving week comes, I am expecting a dump in BTC by more than 20 percent and altcoins by more than 80%. It is due to a sudden panic. Actually, the big whales mean big investors don't let the market pump; they manipulate the whole market, so like me, the small traders get panicked and a huge selling pressure environment is being seen. As a senior and cool trader, I always advise my newcomers not to panic. Hold your assets and, for sure, buy the dip. The market is in bullish momentum; you will take a 100 percent profit, but no one believes.
As the price rose above 71,000 again, which may be the last correction and stabilization of the 70,000 level., the daily chart has formed a standard ascending triangle. Once the price breaks through the upper connecting line, the U-shaped price pattern will directly evolve into a 5-wave ascending structure.
Therefore, in the remaining 3 days of this week, all chronic declines are good opportunities for long positions. Mr. Lu's brain circuit on Friday afternoon:
Continue to reach around 70,500; this position has been strengthened many times this week. The personal expected target is around 72,500. What are you still hesitating about?
In the past four days, we have all realized that Bitcoin is struggling to maintain 70,000.
BINANCE COIN is also struggling to maintain 600 Meanwhile, ETHERIAM and SOLANA are trying to create strong support zones.
The market therefore has a few chances to continue with the downtrend.
Hold your long positions tight, and never allow fear and panic to overtake you.
The content I shared with you guys is based on my education and knowledge. I wish you people will appreciate this post and reblog if you like it. Thanks for sticking till the end.
