🅱Bitcoin Goes To $41K First, Bounces To $50K Before Going To...

In our last trade idea for BTCUSD (Bitcoin), we looked at the bearish scenario that is now playing out.

Our title mentions two targets as follows:

"🅱️ Bitcoin Blood! Even $33,000 Possible, Going To $40750 First!"

The $40750 - $41700 price range is the next strong support and where EMA50 is sitting, we are likely to see a bounce if this level is hit bearish in the coming days.

This bounce would lead to the high 40ks or low 50ks being tested and then we get the next move...

The charts are always changing, new candles are printed every day and the projection can change.

We use TA as a guide/tool to improve our success when trading rather than predicting what the market does next.

We trade based on what happens, what is happening rather than on what might happen.

We do not trade these charts, like the one above for Bitcoin (BTCUSD).

Instead, we focus on low risk/high rewards setups where the prices are trading low/near support, before the breakout.

There are many different systems and strategies, many good and useful tools that we can benefit from...

Use what works for you.

No method is the right one, you need what works for you... It all depends on your finances, your goals, your trading experience, and your lifestyle.

Practice makes it perfect.
Patience is the key.

Trade, earn, win, lose, buy, sell, rinse and repeat...

The way to win is to sell/secure profits when the market is growing.

Wait patiently/buy when the market bleeds.

If you can enter this flow, this cycle, it is very hard not to win.

Namaste.

הערה:

☘️STABLE AND HAPPY

When the job is done.

When it is all over.

When the race stops.

There is nobody running, competing, trying hard to catch me...

You are no longer trying to reach a goal...

The house is clean...

That's when you become stable and happy.

Namaste.

הערה:

We have a strong bearish divergence with the RSI.
Bitcoin (BTCUSD) Weekly (W)

RSI:

On a bearish close this week, BTCUSD will be aiming for EMA10 weekly at $39900~, which coincides with my target on this analysis.

Weekly candle closes Sunday.