The price action of $LTC and $XRP shows an almost identical pattern, with just a few notable differences. Here's the breakdown:
1️⃣ Mid-Rally Consolidation 2️⃣ Continuation to ATH (All-Time High) 3️⃣ Rounding Bottom Accumulation
For $LTC , this forms an Adam & Eve pattern. 4️⃣ Distribution Phase 5️⃣ Ascending Triangle Accumulation 6️⃣ Rally and Breakout of Monthly Horizontal Resistance
What’s fascinating is how both #Litecoin and #Ripple interact with mid-zones with remarkable accuracy🤝.
The stage is set for the 6th step: a breakout rally. Time to unleash the momentum! 🚀
All long are liquidated in past 24 h . It came across around 1.8 billion dollars. Hope you didn't take high leverage.
In the past 24 hours , 596,937 traders were liquidated , the total liquidations comes in at $1.80 billion The largest single liquidation order happened on Binance - $ETH value $19.69M
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El Salvador is planning to amend its Bitcoin law as part of a new agreement with the IMF.
Under this deal, El Salvador will secure access to $3.3 billion in loans from the IMF, World Bank, and Inter-American Development Bank.
Explanation:
The sudden drop in Bitcoin’s price (or “dump”) may be linked to news about El Salvador adjusting its Bitcoin policies to comply with the terms of a new loan agreement. This move could signal changes in the country’s Bitcoin strategy, potentially affecting market sentiment. The $3.3 billion loan package from global financial institutions suggests that El Salvador is balancing its pro-Bitcoin stance with international financial support, which might have raised uncertainty or concern in the crypto market. $BTC $NEAR #BinanceHODLerMOVE
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