I'm going to ask you the following question, the crypto market has been in a bull market for over a year, climbing the ladder, at the crank. I'm going to take an asset that has appreciated little like Matic/polygon. In all this time of high the asset barely managed to double its value. if the market melts now. he had returned to what his price was at the beginning of the cycle. there are many currencies that skyrocket like xrp. but there are good coins that they were unable to confirm. Do you think they're going to crush the price so much that they're going to throw the price at what it was worth at the beginning of the cycle? that doesn't make any sense.

to mean. If that happens, you're telling me that all the money that came into cryptocurrencies in over a year has gone out. a correction is healthy. Now seeing the market sink is not a good sign. so if you really believe that an altseason is coming, you imagine that prices shouldn't come much lower than that

The interest rate decision could be a shot in the arm, but bit oin won't be able to get there. this region is exceeded. I will liquefy all my altcoins. I will only keep the tokens, the leveraged positions I will close.

I will be back soon. I am redoing analyzes and looking for ways to protect myself against further losses. We are waiting for US interest rate decision

I had a hedge to protect my buying positions, but I undid it when the market started to rise. then he was discovered. I'm changing my portfolio and trying to protect myself from possible losses and redoing the analysis. I'll be back soon to answer everyone. But I reaffirm, I maintain my buying positions. but I have a stop in place. If the position no longer makes sense, I will be liquidated.

All the analyzes I did show that the price should go up. Even after this correction, I remain convinced of this. I will only give up my positions if I break through the defense region. Then it may no longer make sense and the damage may become too great.

If you, like me, held your buying position, I strongly recommend that you place your stop at the technical point to avoid major losses.

At the moment I'm not very optimistic, the price of bitcoin is showing weakness and altcoins are close to losing an important bottom. make a brief observation. I maintain all my buying positions but if prices continue to fall I will be liquidated. near for example, my stop is below 5.80 if the market decides to seek liquidity at the bottom there I will be liquidated. But until that happens, I'm in position. depends on the interest rate data today. but as this cut in interest rates is practically certain. This may already be in prices and not have much of an effect.

Unfortunately, the buyer is unable to hold the price and has given up the position. I remain optimistic, however, suffering some losses. but I accomplished nothing. Even more so with a cut in interest rates tomorrow, this could cheer up the markets. we may see the price climb again. I will only make a loss if the currencies lose the low of the downward movement. My technical stop is expensive. But it's protected, I'm still bought, I'm not bought anymore. but I didn't give up on any single position. support for the price of bitcoin is at $103,000, although there is resistance there at $104,300. If it goes beyond these price levels we could see the price of bitcoin sink to somewhere between $101,000 and $102,000k

Now it's become dangerous, fighting area. made an important breakout with a lot of volume on the bearish candle .if the buyer can't hold on. dip it into $103k

the market cannot close below this line that I marked. this is where the buyer is positioned. You can only see closings below at 15 and 5 but the market goes through and returns immediately. then it becomes a pavilion in the larger fractals. These pavilions that cross the region could simply be the bear trap that sells the least. the market comes back and leaves him lokc in stuck in the sell position. at a minimum in a region where the price will probably never return.

$BTC

The majority will criticize me, because I'm saying something against the majority's conviction. but most lose money. I could be wrong and the market could fall. I'm flawed and I don't get them all right either. But for me this is a purchase, where is the seller's continuity? It only has a pavilion. It's shortening the bottom. Only a fool doesn't see it after looking at this photo.

$BTC
bullish

decisive moment for bitcoin. if you lose this fund. It's not good to stay in position... if you manage to break the last top. the bulls will return to push the price higher. but you need to break above the blank region.
$BTC

something important to mention. all indicators and analyzes indicate increases in altcoins mainly. Bitcoin should rise a little, not much, but we are in a high region and we are in the hands of the buyer of $106k, if he thinks it is expensive to hold the position and decides to give up his position, the market may plunge and it will not give time to notify. So have a well-placed technical stop. the technical stop is below the low of the downward movement in the absorption region. If the price returns within the accumulation region, the top may rise to the low of the trap. as prices should no longer go back there. Here's a tip. behind those pavilions. It's salty, I know.
but it's the technical point at the moment then adjust.

After the price returns to within the demand region where players accumulated their purchase orders, the price should not fall any further. the next stage and see a bullish pivot to start the upward movement

This should be the last move to take the sardines out of the game... the price cannot and should not break the bottom of absorption in any way. but the breakdown of the structure is a trap to stop long, and take the seller's liquidity. the buyer must absorb all the sales and push the price back into the structure. Then the accumulation phase is complete.
$NEAR

bullish

unfortunately this time I made a mistake. I said the buyer was going to insure up to $105,500 but he set a trap and broke the region. and altcoins have also been in trouble. but it's a bear trap. price must return to within the structure of the demand region prices are absorbed by the buyer the seller is unable to continue, see the gravity of h1.
$BTC

and a beautiful bearish candle, but it is a punctual and isolated sale. and I can prove it. the buyer has a strong presence in the region, but will not appear now. he will finish assembling his position if he makes a very strong move he scares the sellers who would then remove their sell orders and he will not be able to fool them. The buyer positioned himself there precisely due to liquidity, he will drag the market to liquidate the bears that are in the region.
$BTC

the market falls without volume, the only big volume is in the absorption candle. There's only one name for this and I'll tell you what it is, it's called: buyer (bullish)
$BTC

notice that the buyer is buying in a smooth way. His intention is just to absorb liquidity at the best possible price. but his average is at $106k he shouldn't let the market go much below that. for me it may be that $105,500 is the lowest price he will accept. He will take advantage of the liquidity of the large number of sellers offering in this region and build his position. but the market should only rise tomorrow when the interest rate is announced. he anticipated to set up his position and will use the news and data as a driver to boost prices.

$BTC
bullish

buyer has an order for $106k and it won't go from there, it's only from there my friends