I usually don't trust the market on weekends due to low volume. But couldn't resist sharing this information with you all. If BTC re-tests the 24K zone again, the market can show a strong pullback. Shorting the market at low leverage (2x-3x).
Short only if the market goes above 24K and then shows rejection
Wait for a confirmation candle if shorting
Market looks extremely bullish as per micro sentiments hence invest wisely
My macro sentiments are still bearish hence spot traders are safe
Follow my chart and me on Twitter to know more
Feel free to provide feedback
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Exactly what I anticipated. BTC is down 2%. This came exactly after the big bullish engulfing candle was formed at 24K in 15 minutes timeframe. The market still looks volatile as we are going into the weekend. I am waiting for the market to move sideways for now maybe between 22k-24k.
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This isn't trading but an update regarding the above parallel zone. Same is working extremely well. I am very bullish in micro sentiments but we can se a significant pullback in the coming weeks.
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The market still looks volatile. I am more kinda bearish here since the market has not yet tested the 22K region ever since it broke the last resistance. I would suggest low leverage calls as of now since the market is moving sideways and can liquidate you very quickly.
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