sour the broth for bulls. this downward movement was caused by the buyer. many players positioned in this region, there was a buyer with an iceberg order at $ 106k, the stops were all behind the structure. The stop of anyone who is long is selling, all these sales are triggered. caused this dip. The commador, in addition to not having the strength to hold the price, caused the entire market to spill. I will adjust the portfolio and look for new points to buy, often after a big drop, prices end up returning. I'm not saying that will be the case. But I will analyze it. to buy.
this here is an order block. It is a giant order that works as a price lock, the side that explodes will be privileged this point becomes a strong resistance.. or a strong region of trading interest.
look at the volume in defense, with divergence in renewal, if the buyer continues. The cryptocurrency market is going to experience a magical moment. $BTC
the market has already reached the average of 200 in 1m, there is a large volume in a small candle which means we have great absorption. a small divergence at the bottom. I still won't buy any more. I'll wait for a more robust signal. If the buyer shows interest, I can re-leverage. and increase my position but I will wait for confirmation, otherwise the atop could become more expensive. $NEAR
all the coins I looked at. were unable to break through the absorption region. and there is divergence in the last fund with strong absorption in prices. With the rate decision coming soon, will this generate optimism and will we see the market leverage itself again?
for those who bought near, technical stop is behind. It's my biggest position. the market may want to seek liquidity so I'm there at $5.80 if it breaks then I'm out.
There are many messages and I may not respond to them all. but many people criticized me because I was wrong about buying in bitcoin. see my posts, of all the analyzes I was only wrong twice. but no one talks about the successes. But one mistake is all it takes to throw a stone. If you are a perfect trader and get them all right, congratulations, you are an excellent liar. and more. You are not supposed to use my analysis to make entries. It's to compare with yours and take what's good for you. take responsibility for your money and accept the risk of your operations. have a well-defined entry point, target and stop. Now don't blame me if I analyzed it and the market was against it. The decision to enter based on an analysis from third parties that you don't even know was yours. Now I can guarantee you one thing. if you're taking tobacco there. You can be sure that the smoke is much bigger here, because I take the positions that I analyze. I will continue to be long alts unless I hit my stop
I take damage too. I analyze bitcoin but I'm not buying or selling. it is the great thermometer on the market. I position myself on what is cheap. the altcoins. and in my last position I took a defendant, these are the unrealized losses. I already made a loss of $250 yesterday and I have these purchase positions open. but I must emphasize one thing. I bought bitcoin 25k ago, I've done everything. I bought Near for $0.97 link for $7.50 dot 4.50 ago I have already made several profits throughout the cycle. I'm risking a piece of what I gained. my risk is 0. and I will continue to be long if the market does not reach my stop
here are my last profits, they weren't great. but it pays for my river socket. A professional trade is not perfect and will not always get it right. focus on being profitable, not perfect.
If the seller keeps pushing, I don't know if bitcoin will survive until the interest rate decision. market is on the brink. At this point in the championship the bulls are in a cold sweat.
I'm going to ask you the following question, the crypto market has been in a bull market for over a year, climbing the ladder, at the crank. I'm going to take an asset that has appreciated little like Matic/polygon. In all this time of high the asset barely managed to double its value. if the market melts now. he had returned to what his price was at the beginning of the cycle. there are many currencies that skyrocket like xrp. but there are good coins that they were unable to confirm. Do you think they're going to crush the price so much that they're going to throw the price at what it was worth at the beginning of the cycle? that doesn't make any sense.
to mean. If that happens, you're telling me that all the money that came into cryptocurrencies in over a year has gone out. a correction is healthy. Now seeing the market sink is not a good sign. so if you really believe that an altseason is coming, you imagine that prices shouldn't come much lower than that
The interest rate decision could be a shot in the arm, but bit oin won't be able to get there. this region is exceeded. I will liquefy all my altcoins. I will only keep the tokens, the leveraged positions I will close.
I had a hedge to protect my buying positions, but I undid it when the market started to rise. then he was discovered. I'm changing my portfolio and trying to protect myself from possible losses and redoing the analysis. I'll be back soon to answer everyone. But I reaffirm, I maintain my buying positions. but I have a stop in place. If the position no longer makes sense, I will be liquidated.
All the analyzes I did show that the price should go up. Even after this correction, I remain convinced of this. I will only give up my positions if I break through the defense region. Then it may no longer make sense and the damage may become too great.
At the moment I'm not very optimistic, the price of bitcoin is showing weakness and altcoins are close to losing an important bottom. make a brief observation. I maintain all my buying positions but if prices continue to fall I will be liquidated. near for example, my stop is below 5.80 if the market decides to seek liquidity at the bottom there I will be liquidated. But until that happens, I'm in position. depends on the interest rate data today. but as this cut in interest rates is practically certain. This may already be in prices and not have much of an effect.