#BTCUSDT What IF 38k isn't coming 100% Accurate, PART-IIWelcome to this quick Update, everyone.
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In my last BTC update that I posted on September 23rd I warned all of you regarding. this 38k demand zone.
When everyone was waiting for 38k it's highly likely it isn't coming.
The second scenario worked perfectly and we bounced from the 40k area.
Everyone was talking about it and what happened? This level never came!
This is why understanding the psychology of the market is as important as looking at the charts.
Currently I expect BTC to hit the 44k to 45k level and then bounce from there.
IF YOU ARE ABOUT TO FOMO, WAIT!
IF you sold BTC at 43k levels in order to buy lower, Wait for the Retest!
Every altcoin is breaking out and now and the retest is highly likely.
Before everyone starts calling 100k by the EOY keep one condition in mind, BTC needs to break above the red trendline resistance in order to rally for a new ATH.For now the level is around $52k.
Every pump till 52k levels will end up being a trap unless we close above 52k in weekly.
SO trade cautiously and maintain proper Risk management.
Those it's good to make the most out of opportunities but be fearful when everyone is greedy.
The last quarter is profitable most of the times so we we will keep an eye on it and post the best profitable trades here and in my tg channel.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this Analysis and share your views in the comment section.
Thank you
#PEACE
