Hi in-leo community.
My topic is very special for all of us who do our business in crypto or invest money in crypto or earn money through crypto so I will also share my six years of experience with you. And I will share with you all the knowledge that I have.
If you look at the bitcoin chart for months, it has rejected from this place two or three times, and now it has rejected again from this place, and at that time it has firmed the triple top pattern, and the pattern that it used to be. Yes, this is considered a pattern, and from here, the price looks bearish if it fails to close the candle above it.
Here are some more things I would like to share with you as we have seen two or three days ago that the owner of Binance has resigned and it was such a bad news but here also we have the market down. If we don't see it going, it is a proof that the market is ready to go up, but we should never enter our trade without looking at these patterns. If we read with TA, our Chances of loss will be greatly reduced.
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At this time, the time of our country is 2:30 and the daily candle will close after about three hours, so you have to keep in mind that if the daily candle closes above 38200. If it goes, it will be a bullish sign for the market and then it will show that the triple top pattern of the market has been broken and the market will now see us going to 40 thousand. If not, we have to keep in mind that the market can show us the 35500 and 36300 levels from here again.
If Bitcoin closes above 37500 which is its daily candle then we can still say that it could break out from here as I told you in this picture and you can see.
Three times it has touched above 38000 level and bounced back again and none of the candles have closed above 38200 yet but if it closes above 37500 then call it 38500. It will have to stand for some time, then it will be clear that it will go up from here.
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Now if I take you back to a few months ago, we also saw that when the 25200 level was there, it took Bitcoin a year and a half to break it and it would repeatedly top from there and then go down.
But The main difference between Sanrio and now is that back then the market was running and there was bad news from all sides within the market, which is why it took so long to rise above that lever,
But now the market Sanrio which Yes it has completely changed the way we know that Halving is going to come and ETFs are going to be approved so it won't take long now and we will get $42,000 from easily in a few days or a half. See within the month.
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My experience in crypto is not so easy. We have also lost a lot in life. Then I got one and a half years of knowledge about its cycles and all these patterns. I have come to know all these things and now the way I am sharing some more special things with you here if we remember the previous time when there was wrong news in the market the market went down a lot this time. It didn't happen.
If bitcoin closes candle above 38200 then its triple top pattern will also be canceled and from here we can take a long trade for few dollars up we will continue our trades and We should never take trades that are high in leverage because they have to do what they do above and below the market because of the futures dates and the way we have seen it now has been a long time going down.
And now it's time it will go up again and the ETFs will be approved like that so we'll see the market on that we may see us go above $100,000 but if we look at this market if we want to make profit from it then we should never be greedy whenever we will be greedy then we will take loss from here also we will never be able to take profit from here before entering it you have to make your mind up. It should be prepared in such a way that they will take as much tension as you want and then they will go up as much as you want.
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Here's an indication we're also getting the SEC that used to be behind crypto and not approving ETFs and taking action against every exchange, how has it suddenly changed because now All these people know that it's time for the market to go up that's why otherwise we've seen in the past years that every exchange that was there has done it this way,
The exchange has gone down but this time it's like this. It didn't happen and all these things are saying that the market has bridged and now it will only go up with the retest. All the knowledge I share with you is for information only, rest you have to do your own research and then invest in the market.
Coins which have given high profit in the previous bull market do not have much chance to go up this time and if we look at all other things AI coins have a lot of chance to go up. First we have to complete all the research about the project then we can invest money and be patient for some time and earn good profit from here inside spot trading.
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I hope you will get to learn something from all these things, you can also share as much knowledge as you have in the comments.
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