🔥🔥🔥 In a last week we saw the burning of many long positions, but what happened?🔥🔥🔥
So, to be honest, my portfolio was just as affected as everyone else's. However, I am still in surplus, but as the figure shows, the value of my portfolio has decreased by about $100.

Okey, but what happened?
On Friday afternoon, we experienced the first serious drop in the market. The exchange rate plunged to $65,000, during which approximately $700 million of longs were liquidated. The reasons can be traced back to the pre-tax sales typical of America, and since the price of Bitcoin correlates with the movement of the stock market, a shift in this direction was expectedOn the other hand, the risk of war in the Middle East between Iran and Israel also increased noticeably. Together, these resulted in a 7% drop and as a result of the record high Bitcoin dominance, the alts reacted much worse to the news, we recorded an average drop of 15-17%, but even Ethereum saw a drop of over 10%.And last we was received on Saturday night, when Iran launched a direct attack on Israel with more than 300 drones and missiles
Many turned out to be weak hands, and in such cases we know that the strong hands absorbed the outflowing amount.
And what will i do?
I believe continuously in my projects and I will continue to invest with the specified amount of 120 dollar in the coming months and I will patiently wait for the end of the bull run.I don't lose a focus and continue on my way. I read, read, read and watch technical analysis only for projects I believe in.

And don't forget that $BTC will halve in a few days
Disclaimer: The information in this article is meant to serve as general information and should not be construed as investment advice
#bitcoinhalving #BullorBear #portfolio

Head and Shoulders: The Bearish HeraldThe Head and Shoulders pattern is a harbinger of a potential trend reversal from bullish to bearish. It's easily spotted: look for three peaks on a chart, with the middle peak (the head) outstripping the flanking ones (the shoulders). A critical component of this pattern is the 'neckline,' drawn along the lows of the peaks. The pattern typically completes when the price falls below this neckline after forming the right shoulder.This formation is lauded for its accuracy, with statistics showing it reaches its projected target almost 85% of the time. However, no pattern is infallible. A Head and Shoulders pattern fails when the price moves above the swing high of the right shoulder, instead of falling.Inverse Head and Shoulders: A Bullish SignalConversely, the Inverse Head and Shoulders pattern signals a shift from bearish to bullish. This pattern consists of three troughs, with the central trough (the head) dropping below the shoulders. When the price rises above the neckline after forming the right shoulder, the bearish trend is considered reversed, likely ushering in a bullish market.Trading with Head and Shoulders PatternsTo trade these patterns, one must wait for a complete formation. For the standard pattern, enter a trade after the price breaks below the neckline. The inverse pattern calls for entry once the price breaks above the neckline. The key to these trades is setting a stop loss: above the right shoulder for a bearish pattern and below the right shoulder for a bullish one.Risk and RewardThese patterns come with defined risks and potential rewards. They can result in significant market movements, offering profitable opportunities across various markets. However, they also require larger stop losses due to the extensive price movements over longer time frames.Critical Takeaways for Crypto TradersRecognize the pattern early, considering the trend's momentum and volume.Confirm the pattern with a neckline breakout.Calculate the profit target based on the height of the formation.Set a stop loss to mitigate risk.The Final WordWhile the Head and Shoulders patterns are trusted indicators, they are not a crystal ball. Their reliability hinges on correct identification and the trader's ability to act on confirmations. In the volatile market like #crypto , they offer a structured approach to understanding market sentiment and making informed decisions.For any aspiring crypto trader, mastering these patterns is akin to harnessing the winds of market change. With the practice and dedication, you can gain the expertise to not only identify these patterns but also to execute trades that can pivot your #portfolio from the mundane to the extraordinary.

In recent cryptocurrency market trends, a significant shift is observed in investment patterns and the overall market sentiment.
1. Bitcoin's Price Fluctuation: #Bitcoin's value has recently seen a notable dip, falling below key psychological levels. This is partially attributed to large-scale $BTC selling by institutional players like Grayscale and FTX's bankruptcy managers, alongside the influence of new Bitcoin ETFs in the U.S.
2. Shift in Investment Trends: There's a growing preference for lower-cost investment options, as seen in the substantial outflows from higher-cost crypto funds and the impressive inflows into new spot Bitcoin ETFs. This trend reflects an investor pivot towards more affordable and possibly more efficient crypto investment products.
3. Altcoins in Sync with Bitcoin: Other major cryptocurrencies like $ETH , $SOL , and Cardano are also experiencing a decline, mirroring Bitcoin's trends. This interconnectivity indicates a broader market reaction rather than isolated events.
4. Global Economic Influence: The crypto market isn't immune to global economic factors. For example, China's currency challenges and geopolitical actions, like sanctions against certain crypto facilitators, play a role in shaping market dynamics.
5. Innovations Continue: Despite the market downturn, advancements in the sector persist. Notable developments include the sale of high-value Bitcoin-based digital art and ongoing innovations in the #EthereumEconomy ecosystem.
This analysis offers a snapshot of the current crypto landscape, highlighting the importance of staying informed about diverse factors influencing market movements. For those invested in or considering entering the crypto market, understanding these trends is crucial for making informed decisions.
The current #cryptocurrencry market is witnessing a tug-of-war between bearish and bullish forces, reaching a delicate equilibrium. While the market shows a trend of oscillating decline in the medium term, short-term volatility is highly probable. Without clear indicators like those seen yesterday, it's vital for investors to exercise caution with their #portfolio . In this balanced but uncertain market, a strategy favoring short positions in the medium to long term while maintaining controlled exposure is advisable. Always remember, investing in cryptocurrencies involves significant risks and should be approached with due diligence and a clear understanding of market dynamics.
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