$BTC hours like a wild dog, a sick meme, just now it surged high to have more room to push the entire market down. If there is a liquidation price far above 150k, in case this sick creature goes crazy, just short is the true love. Now the bros must understand that no one is playing, no one is investing in BTC at this price, it's all just traders surfing, whales manipulating, and gamblers playing with each other, no one is holding at this price even the dumbest one 😃
$BTC pretending to go down 7x, but if you short too much, it will go up 200k. now it's nothing but a meme. 😄💩 Don't long short, no matter how you play, you will still die at the hands of it.
Going deep into the ground or the fact that there's nothing left is true. Altcoin holders selling now will incur losses, and they worry it might soar. But holding could very well mean seeing altcoins split multiple times and incur even heavier losses.
Technical Insights: Building the Bullish Case for Gala💥💥
$GALA
Technical confirmation of Wave 3 will occur when the price breaks above the Wave 2 high of $0.06649, as shown in the 4-hour chart. Until then, I’ll continue building a bullish case while monitoring price action closely.
Bullish Indicators To support my analysis, I’m using the daily timeframe as the higher timeframe and the 4-hour timeframe as the lower view. Here's what I'm seeing:
Daily Timeframe
Stochastic RSI: Oversold at 0.41, with the K line on the verge of a bullish crossover with the D line. This signals an opportunity for a potential long setup.RSI: At 40.79, a favorable level for price interest to increase.Fibonacci Confluence: The ABC correction has bounced at the 0.618 Fibonacci retracement level, a strong indicator of a potential reversal.
Note: The Rate of Change (ROC) currently shows bearish momentum at -28.38, likely reflecting the recent price drop. As momentum indicators are lagging, I’ll monitor this closely for a shift upwards as price momentum builds.
4-Hour Timeframe
Stochastic RSI: Oversold at 14.70, with the K line crossing the D line, forming a bullish crossover—an ideal entry signal for a long position.RSI: Oversold at 27.28, with upward momentum signaling a potential short-term price spike, which would align with bullish momentum on the daily timeframe.
Positioning and Price Expectations I have already bought in to Gala, and this review reinforces my bullish bias. While time will determine if we are indeed in Wave 3, the following price targets are based on traditional Fibonacci extensions and levels illustrated on the daily chart:
Given that Target 2 (monthly resistance) is slightly above the 1.618 Fib Level, it’s reasonable to expect price to wick toward this level before potentially settling at or below 1.618.
Final Thoughts The crypto market is notoriously unpredictable, and no one can perfectly predict price targets. However, the levels outlined provide a solid framework for assessing the price movement during Wave 3. With five sub-waves within Wave 3, I’ll reassess and adjust as each unfolds to refine expectations. #BinanceAlphaAlert #ElSalvadorBTCReserve #