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Whales are buying so much bitcoin! It's a bull trap! I've read the bear team wrote these exact words here at binance square. 😅 Although I am 100% bullish, I'd like to try and be reasonable. 🫣 I'll try not to give a bias judgement😂. Here goes👇 "Whales buying is a bull trap." Let's annalize the above statement🤔... Bull trap in simple words is a fake upside rally, intended to trick the bulls. The ultimate goal is to liquidate the bull's position. Now, let's go straight to the point. The KDJ stochastic oscillator suggested that whales are buying huge quantities of BTC at 70k-71k. If that's the case, why would they sell at 67k? (since BTC is at 67k now) Why would a whale sell at a loss? It doesn't make any sense. 😂 If they're buying at 70k-71k, then they most likely will sell to keep at least a 20% profit, which is 84k. By the way, 84k is the daily inverted H&S target. This target is like wise confirmed by the daily KDJ oscillator. Sorry BEAR team. I'm not biased. Just trying to be reasonable. 😅 You can comment your thoughts below if you like😅. FOLLOW for more By the way, if you're still looking for a safe low cap token that can possibly go x1000 this bull season, check out PITBULL. #BTC #TechnicalAnalysis #Marketupdate #BullorBear #Pitbull

Whales are buying so much bitcoin! It's a bull trap!

I've read the bear team wrote these exact words here at binance square. 😅

Although I am 100% bullish, I'd like to try and be reasonable. 🫣 I'll try not to give a bias judgement😂. Here goes👇

"Whales buying is a bull trap."

Let's annalize the above statement🤔...

Bull trap in simple words is a fake upside rally, intended to trick the bulls. The ultimate goal is to liquidate the bull's position.

Now, let's go straight to the point. The KDJ stochastic oscillator suggested that whales are buying huge quantities of BTC at 70k-71k. If that's the case, why would they sell at 67k? (since BTC is at 67k now) Why would a whale sell at a loss? It doesn't make any sense. 😂 If they're buying at 70k-71k, then they most likely will sell to keep at least a 20% profit, which is 84k. By the way, 84k is the daily inverted H&S target. This target is like wise confirmed by the daily KDJ oscillator.

Sorry BEAR team. I'm not biased. Just trying to be reasonable. 😅 You can comment your thoughts below if you like😅.

FOLLOW for more

By the way, if you're still looking for a safe low cap token that can possibly go x1000 this bull season, check out PITBULL.

#BTC #TechnicalAnalysis #Marketupdate #BullorBear #Pitbull

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A few days ago, a follower asked me to comment on GALA. First, sorry for responding this late. At times, I intentionally delay my chart analysis simply because I need more time. A good candle needs to close to exact a spot on technical analysis. So now, let's proceed. SHORT TERM FORECAST 👇 After the recent altcoin fall, GALA is already showing signs of recovery. In the 1H chart a bullish double bottom has formed and candles are hovering above it. Upside target is the next 1H resistance 0.0298. If you're into breakout trading, the best position is long, but since BTC Dominance is soaring high, make sure to set a stop loss at 0.0269. LONG TERM FORECAST Chart patterns are absent in the 1D and 1W chart. However the weekly KDJ stochastic oscillator detected FOMO volume at 0.08. This means, price will still go back to the 0.08 zone and probably go beyond it in the comming weeks or even months. FOLLOW for more If you're still looking for a safe, low cap, x1000 token, checkout PITBULL. Disclaimer: I'm not pushing PIT for any commission, and the PITBULL community doesn't have any money to pay ANYONE. I'm pushing PIT because I believe it deserves to be on top. #gala #altcoins #Pitbull #TechnicalAnalysis #Marketupdate
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Scams and rug pulls has been thriving nowadays, and here's how you're going to avoid them👇 1. Go to contract and check if token is liquid, otherwise, you'll end up buying and not being able to sell. 2. Check contract, and make sure liquidity is burned or if not, it's locked. 3. Make sure no one has access to the contract. Token migration often creates major loss to the investors. 4. Make sure that all tokens are minted. Imagine if you bought a token today, but then the next day the devs minted 90% of it. In that case, your investment will be negative 90% in an instant. 5. Make sure it's whale free. Check the contract and avoid tokens where a single or at most 10 holders hold more than 20% of it. 6. If a holder is holding 5%-19% of the token, check if he or she is actively buying and selling. If positive, avoid it. However, make an exception if the holder is an exchange. 7. Check on the developers individual profile. Avoid those that has a history of scams, crimes, and bad deals. FOLLOW for more If you're still looking for a low cap, x1000, rug and scam proof token, that passed the criteria mentioned above, checkout PITBULL. #Marketupdate #tradingadvice #TrendingTopic #tradingidea #Pitbull
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BTC is now trading at 64k, is it time to buy the dip? Let's take a look at the chart😎. Although a red candle has fallen, the BTC daily chart is looking bullish. Recently, a bullish falling wedge has formed and candles are moving within it. If you'd like to trade BTC, the best position is long, and the best entry is around 64,700-65,000. Somewhere near it is also a good entry, but if you can get it lower, then it's better. The daily KDJ stochastic oscillator remains bullish, suggesting that price may bounce back to the 71k zone, and possibly go beyond it. A bullish inverted Head and Shoulders has long been formed, although the recent drop has invalidated the pattern, it can still play out once price goes back to 71k. Inverted H&S target is 84k. FOLLOW for more chart updates. By the way, if you're still looking for a safe, low cap token, that can possibly go x1000, checkout PITBULL. Chart below👇
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A follower has requested me to chart eth. So here goes👇 Long term forecast Eth is forming a bullflag in the weekly chart. And weekly KDJ oscillator suggested a possible drop to the bottom of the flag which is 2850 in the comming weeks. The same oscillator likewise suggested a flag breakout of 3800 or even more. For now, theres no way to tell which will go first, but one thing is for sure, be warned of high volatility. If you'd like to trade eth, the best entry is 2850 or somewhere close to it. Short term forecast In the 4H chart, a double bottom has formed. However, although the neckline was broken, candles have slide down. Perhaps price action will form an inverted H&S or a tripple bottom which is bullish. Even the short term forecast is suggesting volatility. Hence, trade in spot only. For now, Avoid futures, otherwise, put a 3-5% stop loss. FOLLOW for more. If you're still looking for a safe low cap token that can possibly go x1000, checkout PITBULL. The community leaders will relaunch pitswap this week. #eth #Pitbull #Marketupdate #TechnicalAnalysis Chart below, 👇
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BREAKING: 🇺🇸 The recent US interest rates is still 5.5%. Why is this important? Here's the deal👇 ❤️✨Lower interest rates means more buying of commodities like stocks and crypto. Hence, market turns green and prices are up. ❤️✨Higher interest rates signifies less buying and more selling pressure. Hence, market is blood red and prices are down. FOLLOW for more. If you're still looking for a safe low cap token that can possibly grow x1000 this bullseason, checkout PITBULL. #Pitbull #BTC #TechnicalAnalysis #Marketupdate #BullorBear
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