I couldn’t sleep last night with the thought of what’s happening in my homeland…
Floods, robberies, the Fire at the Centaurus Mall….
My team told me how it feels like the Purge City, specially Karachi.
And how everyone you see walking down the street looks like a robber.
I can only pray and press on my teachings on Financial Freedom!
Maybe this re-affirms your faith in such financial markets
Because the “khulla paisa” is like allowing yourself to get robbed.
I really hope things improve…
Until then, feel free to pour your thoughts in the comments or my Instagram DMs.
Coming back to the routine, let’s talk about the markets now, shall we?
BTC
Can you recall the mention of a Liquidity Block from last week’s Analysis?
Well as suspected, BTC wicked over the Liquidity Block to grab the major chunk of the long trades* and came back to its old range.
*Long Trades: buy the asset at Price X, sell the asset at a Profit due to an increase in asset’s price
(Notice how it moved up but as it touched the White Translucent Box i.e. the Liquidity Block, it came back down)
After a long consolidation over the weekend, BTC wicked below the $19,000 support because of 2 reasons:
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