Welcome back to 85K area I might be wrong ... but I am expecting this move and the reason behind is ... 99% people have bought alts in fomo .. didn't sell in pump and now they are in loss.. Mean their profit was just numbers and now their loss is real .. Now if market goes up it will have to give profit to spot traders but why should it give?? Now I am expecting some strong shakes where new traders will book loss and market will pump hard.. only holders will survive but i am sure they have to wait for it.
You get one thing wrong. « Their loss » is not different from « their profit » it’s all virtual until it’s sold.
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Rough Trader PK
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Welcome back to 85K area I might be wrong ... but I am expecting this move and the reason behind is ... 99% people have bought alts in fomo .. didn't sell in pump and now they are in loss.. Mean their profit was just numbers and now their loss is real .. Now if market goes up it will have to give profit to spot traders but why should it give?? Now I am expecting some strong shakes where new traders will book loss and market will pump hard.. only holders will survive but i am sure they have to wait for it.
1. I hope you applied the tips on daily imbalance monitoring
2. That you were able to use them to reduce the capital decline factor
3. And keep some cash to get back to the bottom
We'll talk about imbalances again. Do this exercise: - identify daily imbalances - identify failures to fill (moment or sell) - place limit orders with iceberg in imbalance zones (sweep them in 3 or 4 positions) - identify imbalance breakouts (moment or sell)
For my part, I was able to avoid 1/3 of the effect of this correction (at the time of writing) by not wanting to believe in a drop below 96k. Error.
Discovery: the power of USUAL. A corner to take in DCA, by the way, nice daily imbalance between 1.20 and 1.30 which was a good buy point. If big losses, converting to Usual could be a safe zone.
Be careful this weekend we can expect little movement (if the drop stabilizes).
On Tuesday, we will have to keep in mind the "Monday high" and "Monday low" limits.
My feeling on crypto: - short term: vigilance - long term: threat on the bull run
Be careful. If you are a beginner, don't panic. Use the lessons of these sudden drops.
NB: if this is useful to you, thank you for your like, follow and share.
1. Usual is going very high suddenly and short term retracement becomes increasingly likely.
2. The trend feels very bullish with a coin backed with very promising fundamentals (equity based stable coin business).
Now from a trading perspective watch the space happening over the last 3 days candles. It could be the formation of an imbalance in the range of 1.20 to 1.30 USDC.
A good entry zone for a bullish rebound.
Feeling on $USUAL : - short terme : bearish (catching the imbalance) - general outlook : bullish.
NB : if this is helpful to you, like share and follow :)
With the expected announcement of lower FED rates is the US in few hours… at best a price manipulation before going further high.
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Market Tips
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📝Sorry Moonies we are going down... Alt Coin Season coming!
$BTC
Sorry moonies, Bitcoin is likely entering a Wave 4 correction within the larger Wave 5 structure, as per Elliott Wave theory. I raised this back in December 15th, and while this may bring short-term downside, it opens opportunities for Altcoin Season, as capital shifts from Bitcoin to alternative cryptocurrencies during this correction.
Elliott Wave Context:
Elliott Wave Context: Current Position: Bitcoin is completing Wave 5 but must correct into Wave 4 before continuing to finalize the broader Wave 5 structure.
Wave 4 Correction Zone:
Elliott Wave theory suggests 70% of Wave 4 corrections retrace to Fibonacci levels between 38.2% and 61.8%.As per my charts you can see the zones to be targetted.
Altcoin Season Opportunity Bitcoin Dominance Decline: The good news is that as Bitcoin retraces, dominance is likely to decrease, allowing capital to flow into Altcoins marking the much anticipated alt coin season.
Supportive Indicators for Wave 4 Correction:
Bearish Divergence:Visible on both weekly and daily charts. A divergence between price action (higher highs) and RSI (lower highs) indicates weakening momentum.Stochastic RSI: Overbought on both weekly and daily timeframes. Bearish crossovers on both timeframes reinforce the likelihood of a downturn.RSI Levels: RSI on the weekly is high; a healthy correction would allow it to reset before the final leg up.
Entry Strategy:
Re-entry Signal: When stochastic RSI turns bullish on the weekly I will look for entry points on the daily charts.Confirmation: Ensure price action aligns with Fibonacci retracement levels and momentum indicators. #BTCNewATH #MarketNewHype #BTC☀ $BTC $ETH
#BTC☀ to 120k ? Keep in mind the market “Imbalances” to optimize your trading.
Hi! Continuation of our analyses on #bitcoin☀️ #Bitcoin❗#BullRunAhead#noAIpost
1. Bitcoin has again exceeded its last ATH as expected in our last analyses with a stepwise recovery setup mirroring the declines (notably the 101k and 103k zones)
2. BTC's movement is strong but healthy. And this is what we will look at in more detail.
3. Potential before relapse: 115-120k
So? How to better anticipate and position yourself? Look at the “market imbalances”
Imbalances correspond to price gaps not covered by the markets between the wicks of two of the three successive candles.
On the screenshot you can see that in 1D we have 3 imbalances on the last upward movement: around 98.5k, 103k and 105.5k symbolized by the horizontal red zones.
We observe zones when the high wick of a candle is not covered by the low wick of candle N+2 and indicate zones where the market could very probably come back to test the price supports.
The further we move away from an imbalance, the less relevant it is. Here the 3 are because we are in a bull run and these imbalances are in the zone covered by -38.2% of the price.
To keep in mind to position yourself for buying and selling depending on whether these zones would be validated or invalidated.
My feeling on $BTC : - short term : bullish (target 115-120k) - long term : bullish (bull run)
NB: if you like it and it helps you, thank you for your Like Share and Follow :)
Owning this much is just as dangerous for them. You can hardly sell much without creating price impact. Hence why, MS should take ETH too.
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detective182
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Big danger ahead for $BTC?
🚨 Microstratagy has recently captured 2% of Bitcoin's total supply.
As good as this news is for the current market, it also has a bad side. Since they are buying so much bitcoin, won't they sell it? Or will they not book profits?
Once they think about where the price may fall if they start selling bitcoins, we need to keep our eyes and ears open so that we can be safe before such a time comes.
I did not write this to scare people, I tried to understand the reality, so there is nothing to panic. Trade, I am here, I will warn you before something like this happens.
Pile of shite. No one’s keep a thorough record. This is useless. Only matter is gains / losses if converted into fiat and transferred to a bank account. If not…
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trading_io
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🚨 Think your crypto transactions are untraceable? Think again.
A Bitcoin investor was recently sentenced to 2 years in prison for hiding over $4M in Bitcoin sales, causing a $1M tax loss for the IRS.
Here's what happened, why it matters, and how to stay compliant:
1/ What Happened: The investor sold large amounts of Bitcoin and intentionally failed to report the earnings, avoiding taxes on over $4 million in sales. This led to an estimated $1 million tax loss for the IRS.
2/ Why It Matters: The IRS is tightening its scrutiny on cryptocurrency transactions. With blockchain technology being transparent and traceable, unreported crypto income is increasingly difficult to hide. The case highlights the legal risks of tax evasion.
3/ How to Stay Compliant:
Report All Crypto Gains/Losses: Ensure you report all cryptocurrency sales, even if not directly converted into fiat currency.
Maintain Records: Keep thorough records of all transactions (dates, amounts, wallets).
Consult a Tax Professional: Cryptocurrencies have complex tax rules—it's always good to seek professional advice.
4/ Key Takeaway: Just because crypto transactions are digital doesn’t mean they’re invisible. The IRS has the tools to trace them, and failure to report can result in serious consequences. Stay compliant to avoid legal and financial trouble.
🔒 Always report your crypto transactions to stay on the right side of the law.
1. We continue testing the target and support areas.
2. Failure yesterday of the $741 target, which leads to the test of $719 in difficulty right now.
3. Be careful if no close in 1H or 4H above $719 today, possible test of the $700-$690 zone.
4. BNB is sensitive to bitcoin (to watch) which failed at around $103k for the second time in a row.
5. BNB is supported by the VANA launchpool which is short (48h)
A lot to watch with BNB and potentially some short and accumulation opportunities lower, especially with the lower volume trend of the weekend in general.
My $BNB sentiment: - very short term (weekend): bearish - longer term: bullish (bull run continues)
NB: if this helps and is useful to you, thank you for your like, share and follow :)
Your best strategy : - pick 2 coins with potential - use convert to get 1.01$ of each - convert each day when one goes red into the other if goes green - stake coins - play WODL