See original
Ualifi Araújo
--
Bullish
Analysis $BTC 12/19/2024
#BTC, the ULTIMATE PAIN...the second dump is always more painful, I know that, but we'll be fine!
Yesterday we had weak support in the highest region where I made a drawing, however, the more than $1 Billion that was bought by big whales yesterday was not enough to keep prices in that region.
Of course, there is always a test dump and the other true one and these big whales know this, just notice that in the previous drop it was very similar, but do you know something that is also a rule? These big holders almost never go negative, and when they do...they soon find a way to go up with the prices, so...try to relax even if it is difficult.
As the media explores Powell's comments, things will get worse, so it should take another 1 day for things to calm down.
The frustration and pain is understandable, but looking at the chart we can see that the uptrend is still intact and nothing has changed, and of course a quick recovery from here would not be a surprise.
We are being supported by the 200 EMA (4h), and we saw that the last time we came here things were bullish quickly.
We also have the RSI already very close to 30, which will make it easier for the price to have some positive reaction.
We have had a liquidation of $200,000,000 in the last 60 minutes, which is somewhat surprising because the price has not settled and we already have people opening leverage uncontrolled.
If you open a new trade right after losing, you will probably lose the next one too, since it won't be just you doing the same and this will generate liquidity very close to where the price is, causing a new search for this liquidity close and easy, be smart and remember:
YOU ARE TRADING AGAINST THE BRIGHTEST MINDS IN THE WORLD!
Up, soon!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
#BTC, the ULTIMATE PAIN...the second dump is always more painful, I know that, but we'll be fine!
Yesterday we had weak support in the highest region where I made a drawing, however, the more than $1 Billion that was bought by big whales yesterday was not enough to keep prices in that region.
Of course, there is always a test dump and the other true one and these big whales know this, just notice that in the previous drop it was very similar, but do you know something that is also a rule? These big holders almost never go negative, and when they do...they soon find a way to go up with the prices, so...try to relax even if it is difficult.
As the media explores Powell's comments, things will get worse, so it should take another 1 day for things to calm down.
The frustration and pain is understandable, but looking at the chart we can see that the uptrend is still intact and nothing has changed, and of course a quick recovery from here would not be a surprise.
We are being supported by the 200 EMA (4h), and we saw that the last time we came here things were bullish quickly.
We also have the RSI already very close to 30, which will make it easier for the price to have some positive reaction.
We have had a liquidation of $200,000,000 in the last 60 minutes, which is somewhat surprising because the price has not settled and we already have people opening leverage uncontrolled.
If you open a new trade right after losing, you will probably lose the next one too, since it won't be just you doing the same and this will generate liquidity very close to where the price is, causing a new search for this liquidity close and easy, be smart and remember:
YOU ARE TRADING AGAINST THE BRIGHTEST MINDS IN THE WORLD!
Up, soon!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
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BTC
97,918.9
-0.04%
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