Type: #SPOT Coin: #MDT Entry: Current market price (Which is 0.04741 $) Take profit: 0.08232 $ (71% gains) Duration: 48- 168 Hours (Ends 19 Nov 2024)
CAUTION, Idea fails if: đŽ BTC Drops sharply. đŽ Consider closing the trade if BTC reaches 88,000$ đŁ Set your alarms. đ Use risk management đ± Don't forget the tips if you made money.
For the very few lucky people who will see this "as my audience had been declining recently" I have a little thing to say to you, Bitcoin will not drop as most of your home page posts are saying.
Why?
1. Well, the first reason is exactly what i just said, because most of the people are expecting a drop to happen, and market makers always shift the market against the will of the people. "Be greedy when everyone is fearful".
2. Secondly, Bitcoin is currently above a good demand area "86-88k" area and this should provide some cover for it or a base for it to consolidate for sometime before making a move "Which i suggest an upward move".
3. The current situation reminds me of the corona pandemic time, When everyone was hearing about bitcoin making new highs, new numbers everyday, multiplying people's fortunes.. This will stir new cows into the market, which will be highly rewarding later when they drop it like a rock, so any major downward move right now would be damaging to the hypnosis process being played on new cows.
4. Buying the news. This point is a bit related to the previous one, Currently a lot of positive news are being circulated "High ETF inflows, new listings, Tether minting, sharing positive analysis about BTC hitting 100,000, Trump's appointment and speculations, BTC value rising above silver.. etc.. etc"
This is going to be one of the very few posts I'm going to teach you how a mind of a market maker operates.
Look at the chart i attached with this post.
Why did i choose MDT Token as a trade for you and not just any other token even Tho some of them are great looking from technical point of view?
So, Let's dive into the mind of a market maker " hypothetically ".
This is a weekly chart of $MDT "Measurable Data Token", A token that has 1,000,000,000 (1 Billion) Supply, at this current price, it only takes 42,000,000$ for achieving a fully diluted value "Almost doubling the current price of MDT"
How many Hedge fund have this number of money? All of them.
How many millionaire from crypto? Millions of them. Okey, that's for the Non sense part.
For the Technical part, There is something in trading called seasonal trading, and another thing called "Habitual trading" Which means, Assets tend to repeat themselves, more like the phrase "History repeats itself" Which is true as well.
So Whenever an asset ends a cycle of rise and fall, it tends to repeat that cycle over and over again.
Okey, back to our graph: Look at the previous 3 pyramidly shaped tops, Now this is very interesting. as on all occassions, the asset price rose and made a top and dropped for almost 70-80% exactly (70.95% 82.69% 71.85%)
Translation: MDT reached it's bottom "Historically" and is ready to make at least a 50% gain on the upcoming days, weeks (31 Dec 2024 by most)