Just another good time to sell BTCUSDT. Bitcoin is characterized by protracted falls and protracted growth. If a wave of growth or decline begins, then it will surely pass the psychological level, in this case it is 40.000. And buyers are ready to buy from 35,000 levels. If there were no fundamental obstacles to growth (news from China), we would continue to grow. But since we have already started a wave of decline, it cannot end at this level, the fall will continue. When the price moves down or up, it does not go there with candles of the same color, you always see corrections, on which you need to buy or sell. I am not a supporter of buying on the highest candle and not a supporter of selling at the lowest. therefore, I wrote at the time of an upward correction that this is a good opportunity to open a short position. It is not the whales who make a correction, but simply a break in sales, and it will not gain a large number of buyers until it touches its “bottom” or a favorable news background. In short, the decline has begun, wait for an upward rebound and sell at the top.
Connect & Support
Join my Telegram channel to get market updates quickly and follow my Twitter to get intraday thoughts about the markets. Also, in my Instagram I post short reviews about promising coins. Dear Friends, if you enjoyed this article and would like to support my work, please consider making a donation by visiting my special donation page.Your generosity is greatly appreciated!
Disclaimer
The content on this website, including blog posts, articles, and other materials, reflects the personal opinions of the author and is provided for informational purposes only. The author does not claim to be infallible or to possess complete knowledge of financial markets, which are inherently volatile and unpredictable. No one can predict with certainty the direction of financial markets, including the author, who only expresses personal opinions and preferences for particular scenarios.
The information on this website should not be construed as financial advice, investment advice, trading advice, or any other type of advice. The author is not a professional financial advisor, and you should not rely on the opinions expressed on this website when making financial decisions. The author is not responsible for any actions taken based on the opinions and information provided on this website.
The author may be wrong in their assessments and opinions and is always open to alternative viewpoints. You should always conduct your own research and consult with a qualified financial professional before making any investment decisions.
The author acknowledges that may not possess complete knowledge of all aspects of financial markets and does not claim to be omniscient. Financial markets are complex systems, and the misunderstanding or incorrect interpretation of even seemingly obvious facts can result in errors that may lead to losses. The author is not responsible for any losses incurred as a result of information or opinions shared on this website. It is always recommended that readers consult with a qualified financial professional and conduct their own research before making any financial decisions.
