Bitcoin / TetherUS

๐Ÿ”ฅ Bitcoin Breaking Out: Be Careful For FOMO!

2โ€ฏ457
After a strong sell-off yesterday, the bulls came out in full force and have been buying BTC in huge numbers.

In my most recent BTC analysis I talked about BTC being in a bear-flag, which it theoretically still is.

๐Ÿ”ฅ Bitcoin Still In A Bear Flag: Going Into FED Meeting


All crypto traders are currently watching this bear-flag play out. If I were a bear, I'd wait for the price to trade above this bear-flag before taking profits and starting to short. Just like we had a fake-out during last week's CPI, this break out could also end up as a fake-out.

Don't get consumed by FOMO. Wait for tomorrow morning to see what the market wants to do. If we are still above the bear-flag we could very well continue towards $25k. If not, the resistance might hold and we can move back down.

ื›ืชื‘ ื•ื™ืชื•ืจ

ื”ืžื™ื“ืข ื•ื”ืคืจืกื•ืžื™ื ืื™ื ื ืžื™ื•ืขื“ื™ื ืœื”ื™ื•ืช, ื•ืื™ื ื ืžื”ื•ื•ื™ื, ื™ื™ืขื•ืฅ ืื• ื”ืžืœืฆื” ืคื™ื ื ืกื™ืช, ื”ืฉืงืขืชื™ืช, ืžืกื—ืจื™ืช ืื• ืžื›ืœ ืกื•ื’ ืื—ืจ ื”ืžืกื•ืคืงืช ืื• ืžืื•ืฉืจืช ืขืœ ื™ื“ื™ TradingView. ืงืจื ืขื•ื“ ื‘ึพืชื ืื™ ื”ืฉื™ืžื•ืฉ.