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#BTC BREAKING: #Bitcoin reaches new all-time high of $75000
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🕒 Time: 4:30 PM – 9:00 PM IST
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Educational Post

What is a Fakeout?

A fakeout is a term used in technical analysis (TA) that refers to a situation where a trader enters a position expecting a price movement that ultimately doesn’t happen. In fact, in most cases, a fakeout is used to refer to a situation where the price goes in the opposite direction of the trade idea or signal.

A fakeout may also refer to a “fake breakout,” or false breakout, where price breaks out of a technical price structure, only to reverse shortly.

A fakeout can amount to a considerable loss. Technical analysts may identify a pattern that fits perfectly with their strategy, and looks to be playing out as expected. However, the price may reverse very quickly due to outside factors, and the trade can quickly turn into a hefty loss. As such, in anticipation of a fakeout, many traders will plan their exit strategy and put on stop-loss orders in advance of entering trades. In fact, this is quite a common strategy for basic risk management.
Bitcoin Hits New ATH at $89,500: This Bull Run is Just Getting Started 🚀

#Bitcoin just hit a new ATH at $89,500 🔥

The 50-day EMA is acting as strong support.
As long as we're above it, we can hold our longs.

If we're near the 50-day EMA, it’s a great time to open more long setups.

This bull run is going to be massive, guys... 🚀
Massive Bullish Signal: US Government to Buy 1 Million #Bitcoin 🚀

The US Government is looking to buy 1 million Bitcoin over the next 5 years.
2,00,000 Bitcoins per year over a 5 year period 🇺🇸

That’s a massive $84 billion at today’s prices.
Current Price of Bitcoin is $89000 🤯

If the bill passes, #BTC could become the new reserve asset for the United States.

This could be huge for the market! 🚀
Spot is best atm.

Mind ur leverage and manage risks as Funding indicates Long squeeze