NEW INSIGHTS ON #BTCBreaking100KAgain? Bitcoin market in general do not have enough buying power to reach 100k for now. Price will have to retract around $BTC 97500 or little bit lower to fetch liquidity needed to breach $BTC 100k If you are trading $BTC on futures market, a buy limit order around support level of $97500 is the best option.
Keep remembering this. Markets are unfolding to this script
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#BTCHalving POINTS TO NOTE ON THE HALVING
In the coming months, #BTC will be on an unpredictable run. This means after the halving an acute bear run (acute low movement of the market will happen. This will run for a period of 3-5 months which is a very good opportunity for people to buy at the dip. This will be followed by a huge bull run as the halving effect will be realized on the market among other macro and minor factors. This will have a great effect on the supply and demand . The best advice on this is accumulate your capital as you wait to buy big after the bearish period that will happen after halving.
In the coming months, #BTC will be on an unpredictable run. This means after the halving an acute bear run (acute low movement of the market will happen. This will run for a period of 3-5 months which is a very good opportunity for people to buy at the dip. This will be followed by a huge bull run as the halving effect will be realized on the market among other macro and minor factors. This will have a great effect on the supply and demand . The best advice on this is accumulate your capital as you wait to buy big after the bearish period that will happen after halving.
What are your thoughts on these predicted scenarios on #BTCUSDT White represents consolidation Red represents bearish prediction Green represents bullish prediction
#BitcoinHalvingMagic The supply of #BTC will not be cut in half by the #Halving. Over ninety percent of the Bitcoin supply already exists. The only thing cut in half is the growth rate of supply. What matters the most is how much of the current supply holders want to sell, not what miners create.
The level of patience this situation needs is unexplainable. #BTCUSDTAnalysis Caution should be taken when breaking of structure happens. Often have situations happen where manipulation liquidates short or long positions. Make sure the market breaks a major support /Resistance level above or below the structure before entering a trade.
What do you think about #SOL- in relation to #ETH and #BTC I have no idea how the two are keeping up with the hefty inflows that #BTC has seen innthe recent weeks.
##TrendingTopic TIPS OF SURVIVING THE BULL MARKET## 1. Keep your holdings and stay true to your take profits 2. Do not sell in the hopes of buying at the dip. The market will teach you the real definition of patience 3. If you are to buy, be aware that you buy orders are short term move and you should be weary of sudden drops. Check for pullbacks when buying short term.
NB: The market as of now is not really respecting laws of trading. Keep of the charts or if you decide to trade, be careful.
#Bitcoin in just broke a consolidation level nd we are in for a bearish run to the next support level . Long wicks on top of the candle and crossing of 200MA to the downside confirms bearish run.