#bitcoin #btcusd broke the trend line resistance and retested. Now the price may aim to 72K region where there' re notable #btc liquidations. Not financial advice.
I respect everyone who thinks we won't be going down to 50ks again. Everyone has different way of looking at the charts.
I have been scalping both ways. This market isnt for swing trades. I will keep my bearish stance until we didn't close above 67k. And for now I don't think we will have new ATH or even any alt season. Lets see how things go.
#Bitcoin These are the two red boxes which is my PoV right now. Price of #BTC is in between so I won't recommend any taking any position right now. PoI as per the chart is 57.5k to 58.2k is the area if holds is a good position to long. At the same time 64.3k to 64.8k is the good area to short. Meanwhile Bitcoin haven't claimed Monday lows once it brokedown. So i guess it will take a lot of strength for bulls to claim that area and then sweep billions of liquidity around 65k level. We have seen sunday scam pumps so I won't be surprised to see it happening.
Regardless of liquidity, too many shorts have pilled up rn now and I personally think msrket will soon liquidate them with a short squeeze.
I anticipate to accumulate more shirt by tapping the lower zone of 57k to 58k and then sweeping 64-65k level.. Once done, 52k is on the table. This eventually justifies the path I have shared and have been following since April beginning .
Monday: "Bulls in charge, but Cryptos lagging again. Nearly everything I want to see for the preferred bullish scenario is happening - except with Cryptos." ✅✅✅
Tuesday: "Quiet range day likely." ✅✅
Wednesday: "Up with stutter steps." This was my synopsis of the week per the Sunday video. Indexes rallied, Cryptos not so much - now we are getting the stutter step. I don't think this impacts the underlying trend [for Indexes]..." ✅✅
Thursday: "Indexes maintaining gains, Cryptos weaker [but later held level as preferred], Commodities set to rally." ✅✅✅
Friday "We may see some profit taking today." ✅✅
PLTR idea ❌
So many ideas, intraday, swing, investment - I cannot even cover them all
Is a 2000X Rise in the Cryptocurrency Market Possible?
- Yes it is possible. If you catch a baby coin that has not seen a rally before, has a low market value and is from a trending category, THE LIVES OF YOUR 7 LINEAGES WILL BE SAVED.
It is not easy to find this, but it can be caught if a good strategic move is made. With simple math; Even if you get 10x from above rather than 2000x directly, 200x is not difficult.
So, is this kind of rise possible in #Binance?
Because the coins are hype and reach a certain premium until Binance comes. 2000x rise is very difficult on Binance.
However, 200-300x is possible on Binance. If the holders who buy on the bear and calmly calculate the rally until the end, exit at the right time, they will probably see a few increases over 100x if they have a nice basket.
Now pictured is Kusama ($Ksm) Let's look at it briefly.
Itself; A product from the POLKADOT ecosystem, which has its own network, in the Layer1 category
The last rally in the Polkadot ecosystem was hype.
KSM had its share of that big rally.
So what happened to KSM? I think the biggest advantage was the low supply number.
Of course, many ecosystems developed in this bull and new ones were added to the pool.
If such a rise is to occur again, I think it will emerge from one of the net new ecosystems.
And I think it will be a product from the Layer1 category, which has its own network.
I think your perspective on the market has changed a little after reading this tweet, I'm sure you have to admit it, maybe you regret it now because you were upset about the 30-40% decline, because chasing small accounts deprives you of the big share of the cake spiritually.
Anyway; Which ecosystems will be hyped in the coming rally and which gem projects can make such a rise?
Should there be a comprehensive study on this? #Bitcoin