Rekt Capital
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Daily educational chart analysis on your favourite altcoins
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The Rekt Capital Trading Course

• For Beginner & Intermediate traders 📈

• 17 hours of videos 🎁

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Rekt Capital pinned «The Rekt Capital Trading Course • For Beginner & Intermediate traders 📈 • 17 hours of videos 🎁 • Rated 5/5 Stars by Students • 1:1 Educational Consultation with me 💎 • 100% Satisfaction or Money-Back Guarantee 💯 Invest in your skill-set for the highest…»
Finished writing up my latest article 🔥

Can’t wait to share it with you

It’s a comprehensive resource that you’ll be able to reference for many months to come

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BTC/USD - 1D - 6.09 - Interestingly, BTC closed just below $10,600 but managed to break past it shortly afterwards.

While yesterday BTC's price predicament resembles the previous blue circle, today BTC is resembling the black circled situation.

Should BTC close above $10,800 its main goal would be to flip it into a new support. So while a rejection didn't occur like expected today, a failed S/R flip of $10,800 (or even a rally towards the black diagonal, even if just as a wick like the previous 3 occasions) may lead to this rejection.

As has been the case for the past weeks, downside on BTC translates favourably into Altcoins whereas upside doesn't (e.g. Altcoins are visibly suffering today).
BTC/USD - 1D - 6.09 - BTC gets rejected from the black diagonal resistance and will most likely close below $10,800 today to confirm the rejection
Rekt Capital
INS/BTC Scenario 3: A stronger rejection from local highs could make INS resemble a common pattern across Altcoins for the past weeks. That is, a Double-Bottom Higher Low hybrid. Scenario 3 assumes a rebound from the confluent support of the red Higher…
INS - This is the scenario that plays out in the end.

INS fakes out past the Higher Low (red trendline) to curl up from the Range Low (green).

INS does this by first producing a long downward wick in the search for liquidity to fuel this latest move.

INS is now at the orange Order Block (Mid-Range).

The last time INS broke past the orange area was when it 1D close above it and S/R flipped into a support (checkout my Twitter thread on INS as I covered this as it happened)

This is something I'll be looking for for INS to ensure it continues its run-up.
Check out my new blog post:

"The Bitcoin Halving - Everything You Need to Know"

In this article, I address the following questions:

- How did each of the previous two Bitcoin Halvings affect Bitcoin’s price?

- Are there any recurring tendencies as to how these two Halvings affected Bitcoin’s price?

- How could Bitcoin’s upcoming third Halving potentially affect Bitcoin’s price?

https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e
Check out my latest article in case you missed it:

"The Bitcoin Halving - Everything You Need to Know"

I talk about how the Bitcoin Halving affects Bitcoin's price prior to and after the Halving

https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e
Doesn’t matter how much Bitcoin you make through trading

The market is designed to take it away

Which is why it’s important to learn about your financial habits and develop a personal Risk Management strategy

Because making more BTC is one thing

Understanding how to keep it is another

gum.co/riskmanagement