Hey lovers, welcome to yet another daily BTC update!
Today is no different than a month ago or even 5 months ago. We are WAITING for the market to collapse and make no mistake, IT WILL! But if you are a trader here's your window: 7225 and 6500 is what you are looking at right now. In the sense that if 7225 (and extra safe 7410) are broken it probably means we are gonna go to AT LEAST 7900. And if 6500 is broken we can go back to our good old bearish market with its next target being 6100 and 5800.
I personally think we are heading down because it's the week end and the volume isn't there to make a 500points move in a bit more than 24hours. Because remember the big boys do not trade on weekends so we have to ask ourselves are the little wallet strong enough to push a 500points move? Not only push it but absorb all the resistance since, and let's be honest here, the general public idea of Bitcoin right now is Bearish if not VERY bearish.
If you were to get in right this moment at 6750 you would need your stop loss around 6.5 and your take profit around 7200 which is a 2 for 1 trade. It's not bad but it isn't good enough (remember we are aiming for 2.5 for 1 and optimally 3 for 1 when entering a trade).
My advice? Stay out of it until Tuesday morning and let them BIG WALLETS show you the way.
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me on Tradingview/Telegram <3
Today is no different than a month ago or even 5 months ago. We are WAITING for the market to collapse and make no mistake, IT WILL! But if you are a trader here's your window: 7225 and 6500 is what you are looking at right now. In the sense that if 7225 (and extra safe 7410) are broken it probably means we are gonna go to AT LEAST 7900. And if 6500 is broken we can go back to our good old bearish market with its next target being 6100 and 5800.
I personally think we are heading down because it's the week end and the volume isn't there to make a 500points move in a bit more than 24hours. Because remember the big boys do not trade on weekends so we have to ask ourselves are the little wallet strong enough to push a 500points move? Not only push it but absorb all the resistance since, and let's be honest here, the general public idea of Bitcoin right now is Bearish if not VERY bearish.
If you were to get in right this moment at 6750 you would need your stop loss around 6.5 and your take profit around 7200 which is a 2 for 1 trade. It's not bad but it isn't good enough (remember we are aiming for 2.5 for 1 and optimally 3 for 1 when entering a trade).
My advice? Stay out of it until Tuesday morning and let them BIG WALLETS show you the way.
Who's Becky? What's her background? I am a crypto enthusiast and have been since early 2015. I have already made millions in the crypto world and am financially set for the rest of my life. I recently decided to start helping other people get rich. I like helping people, it makes me feel good. What can I say? I LOVE feeling good ;) . Let's share the journey together! Follow me on Tradingview/Telegram <3
