Bitcoin currently shows bullish CVD on Binance Futures (many | SatoshiSwiss on Binance Square

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Bitcoin currently shows bullish CVD on Binance Futures (many sells but price goes up --> absorption of $BTC sells by large limit $BTC $BTC order). I am still long $54'500 and will keep it open. #bitcoin 

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Creating wealth is not a one-time affair. You will not get wealthy because you invested money once, purchased one rental property, one stock, or one cryptocurrency. You must repeat the process over and over and over again. Wealth creation is a manner of life, not a one-time event.

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In light of the recent news about Mt. Gox and German sales, market makers are shaking things up, triggering a wave of panic selling. The market, which had been stable for about a year, has suddenly broken down. With #BTC plummeting 25% from its peak, it's no wonder people are feeling uneasy. However, there's something unique about the current wave of fear. The selling pressure of $BTC immense, largely driven by retail panic rather than natural market forces. The primary sources of this sell-off are the Mt. Gox and German sales, and the pressure feels almost engineered. We’ve just experienced one of the biggest $BTC liquidation events in history, second only to the FTX crash in 2022. Back then, Bitcoin stayed flat for months before a significant drop, a pattern we’re seeing repeat itself now. During the 2022 event, #Bitcoin was stuck around $18,000 before dipping to $16,000, leading to a market depression. Today’s situation feels eerily similar, suggesting that the same players might be influencing the market again. For experienced traders, these scenarios are ideal for accumulating more BTC. The fear and panic tactics that worked before eventually led to new highs, and we might be on the verge of another such opportunity. As many investors lose hope, market makers are likely achieving their goal. Personally, I've been holding since $16,000 and continue to buy the dips, viewing these capitulation events as signs of an upcoming reversal. The recent sell-off likely marks a local bottom. The past year's stability provided excellent entry points, and even now, buying below that level seems advantageous. Despite a shaky start to Q3, we could see a strong recovery ahead. I'm holding steady and not selling my positions. Now it's up to you to make your move.

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HTF Key Support levels for $BTC where we can expect support: $51'594 & $42'688! #Bitcoin

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🚨IMPORTANT #Bitcoin UPDATE🚨 Our VIP Discord members were told to short $BTC from $65,000, and we’ve now hit our full take profit target. I’ve just gone long at $57,300, thinking this support level might hold and lead to a bounce. Should this level fail, there's a significant drop to 52k on the horizon due to the substantial inefficiency created after the ETF news.

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I can't believe I'm writing this, but some of the posts I've seen need to be addressed. I've read claims that trading releases the same chemicals in the brain as cocaine, that taking Adderall can boost reaction times, and that video gaming or quick reflexes might improve trading performance. I've seen discussions about the adrenaline rush from trading and how to manage trading excitement. Let me make this clear: No, no, no, no, and no! This mindset will lead to immediate failure. Trading is not about getting a rush. It’s not a drug. It’s not about quick reflexes or extreme reaction times. Trading is not like cocaine. Trading is about being calculated, patient, principled, repetitive, systematic, disciplined, and most importantly, if you're doing it right, it should be boring! That’s not to say I don’t enjoy it—I love it and it’s my career. But to succeed in this field, you need a process. You need a system. You need a set of rules to follow. You need a strategy. You need discipline. You need patience. None of that gives you a rush. If you feel a "rush" from trading, that's a sign of a gambling addiction. #crypto #trading #bitcoin

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