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Portable Detective07
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$TRB Emergency Update 🚨 . . . Tellor ( TRB ) surged 65% in a day, highlighting its volatile nature. Despite disregarding traditional indicators like the 200 EMA and 38.2 FIB, bullish sentiment prevails, with a retest at $64. Yet, caution is urged as open interest spiked $70 million in 12 hours, signaling potential manipulation. Vigilance is key, with targets set in the 90s, but sudden closures by manipulators could trigger significant price drops. Traders, particularly beginners, must tread carefully amidst Teller’s unpredictable swings. 🪷 #altcoins #buythedip #Tellor #Trading $BTC

$TRB Emergency Update 🚨

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Tellor ( TRB ) surged 65% in a day, highlighting its volatile nature. Despite disregarding traditional indicators like the 200 EMA and 38.2 FIB, bullish sentiment prevails, with a retest at $64. Yet, caution is urged as open interest spiked $70 million in 12 hours, signaling potential manipulation. Vigilance is key, with targets set in the 90s, but sudden closures by manipulators could trigger significant price drops. Traders, particularly beginners, must tread carefully amidst Teller’s unpredictable swings.

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#altcoins #buythedip #Tellor #Trading $BTC

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🚨 #BITCOIN Alert !!!! It’s finally happening … . . . . 🪷 Bitcoin Update - Bitcoin broke out of a falling wedge pattern and retested support, leading to a massive candle. - The breakout is not yet confirmed, but the pattern suggests a potential move to $72,000. - The dollar (DXY) is being held down, which is bullish for Bitcoin and risk assets. 🪷 On-Chain Analysis - Whales are buying up Bitcoin, with one entity buying every time the price dips. - Open interest is down, while spot buying is increasing, indicating accumulation. - The relationship between market cap and hash rate suggests we are not near the cycle top. 🪷 Institutional Investment - The Bitcoin ETF launch was the most successful of all time, with $50 billion in assets and $10 billion in net flows. - Professional investors, including firms that manage money for Yale and Princeton, are allocating to ETFs. - A Boston-based hedge fund has accumulated $363 million worth of Bitcoin ETF shares. 🪷 Seasonality and Cycles - Bitcoin is in the "spring" phase of its cycle, with the potential for massive price movements. - The Bitcoin power law suggests we are only in the middle of the cycle. - The seasonality of Bitcoin's price action is similar to 2021, with a potential bear trap forming. 🪷 Altcoins and Risk - There have been almost 1 million new crypto tokens created in the last month, diluting interest in Bitcoin. - Most altcoins will not survive, but some have the potential for massive upside. - Be cautious when investing in altcoins and do your research. 🪷 Conclusion - The next 6 months are crucial for Bitcoin's price action. - The author is still bullish on Bitcoin and expects a massive price surge into the end of the year. #buythedip #bitcoin #trading #BlackRock $BTC
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