:-)

great way to end a trading day!

very similar to this morning's situation,

once btc closed above the resistance line, price pumped

right here if you missed it

now, can we close above the next resistance that btc failed to break?

if btc closes above this resistance line, we should see some quick move upwards

but following that there might be a move back DOWN into the range

then btc will simply be showing a SOS (sign of strength)

so becareful here

just a note,

i am overall bullish on btc as mentioned multiple times in the channel so far

however, i just don't feel this is the break out yet for btc

i still feel that btc is ranging as of now hence my warning message

with btc being able to close above 35600 is a very good sign as its a sign of strength that btc wants to breakout

but as of now i think it can't sustain just yet

as shared previously,

that little breakout there is my prediction of a SOS (sign of strength)

im confident of a breakout if i see a close above 35750

that means btc has finally entered a new level and longing would be great

what do i mean by SOS (sign of strength)?

with each test of the resistance, the bears are losing their strength

from a complete shut down (left side)

to a penetration of resistance (right side)

but the bears are still able to fight back pushing the price back down despite a close above

but this is of HUGE significance for the bulls because they have slowly pushed the bears back and manage to close above resistance!

hence, it is a SOS for btc

#learn

basically, the bulls are REVVING their engines and very eager for a breakout

but not just yet!

called the SOS or fakeout very early on!

cheers !! 🥳🥳

right here

here as well

Updated with today's trades!

569.32% of profits since the opening of the channel 🥳

thanks for being here :-)

to the top with you,
cheers!

No kidding, but because of your technical analysis and the understanding of the market, I muself am really improving.
So big thanks bro, keep it up like this 🔥🔥

super grateful once again thank you for your kind words!!

done for the day!

trade safe guys!

#grateful

so a few of you guys asked whether it’s okay to trade btc now,

as mentioned just now, btc is still ranging after a fakeout (35.2k to 35.6k)

so you can either trade the extreme ends or wait for a break out/down but it’s not recommended to trade mid range as it can go both ways

stay out of alts for now as btc is ranging hence huge volatility

will check back on the market tomorrow

cheers!

hey guys, welcome to the channel! please read the pinned message :D

market looking really red today