Greetings Degens!! I am an aspiring crypto billionaire and I want to take as many people as I can on this journey with me. Let's do this together. Follow!!
#BTC goes down to 48,000 USD before we take off to begin our journey to the mooooon ๐
As you can see in the analysis I've done, it shows how the 250 MA (daily timeframe) is being approached as you read this, this can represent MASSIVE resistance in price movement.
Considering the momentum, and the fact that Japanese traders tend to wait 30 days before re-entering the market after selling.
we are approximately 15 days away from take off!!
I personally would ๐จSHORT๐จ Entry at 58,000 USD. TP : 48,000 USD SL : 60,500 USD Leverage : 10-20X
We will be visiting the depths of price hell one more time.
DO NOT, I REPEAT, DO NOT enter your long trades before seeing the signs of a flip on the charts.
#BTC looks like its on the way to 48,000 USD. If anything shorts would be a better option when price reaches it's upper resistance (54,000 USD) with a very tight SL.
We have a long way to go before recovery, the macro environment has turned bearish rapidly.
I believe we chop half of the month in lower regions. ATH re-test in September.
Remember the FED needs to reduce rates in the USA first, then we get in with small long positions ready with a bag for hedging.
Remember, the best time to buy is when there is blood on the streets. Your own included.
Trade well brothers, follow for more updates with real information that will actually help you.
Let me tell you chaps about why crypto and stocks are going to shit, like absolute dumpster fire.
How many of you know the actual percentage of foreign investment that maintains stock market prices??
Japan is a country with massive influence. Also, a country that not once has increased interest rates in over 28 years.
Recently, due to inflation concerns in Japan, the country has decided to increase interest rates on loans.
This means all investments from Japan are gonna dump their bags and go on and buy government bonds. Forcing money back into the country. Indirectly screwing over the entire risk asset market.
I almost guarantee this means rate cuts in the U.S this September. Let's say more than one by the end of year.
I know I know.. things are looking ugly right now but Mojomancrypto is here to give you a few tips.
1) We have a massive downtrend on #BTC that'll probably carry on towards 57,000 USD flat. We expect a temporary bounce from here!
Get ready for longs near 56,900 because these asshole institutions will try trick us into thinking we're going directly to 52,000 USD. This my fellow degens, is not the case.
we bounce first, get ready for a quick cheeky long SL right below 56,900 USD.
Then we get ready for the short of a lifetime all he way to 52,000 USD if you're lucky maybe 48,000 USD.
2) Close all current positions, SURVIVAL is more important than anything right now. Plus if you follow me!! I'll drop exactly when we're ready to get back in for longs.
YOU WILL RECOVER THESE LOSSES.
3) Start accumulation on Spot as soon as we get to #BTC at 52,000. Follow me to make sure you get the update when drop it.
4) If you have leveraged positions, close, close for gods sake and wait for my post.