The BTC and crypto market dump on August 5 is similar to the dump almost exactly a year ago. Then, let us recall, on August 17, the dump was on two fake news stories (on SpaceX and Evergrande) with the participation of top media. Both then and now, the second lower line was broken on the indicator with multipliers on the daily TF #BTC. This is an important event for the market, signaling cascading liquidations and capitulation of bulls. And there has not been such a dump since August 2023. Then, in one day, the price fell by -12.5%, today overnight by -10% (and in two days by -14%). After that fall, the price spent another two months in the range, and then gave a pump on fake news from#Cointelegraphabout the alleged approval of the BlackRock spot Bitcoin ETF. And an upward movement began on this narrative to a new ATH. There are not many reasons for optimism right now. The price might not have finished its decline yet (although most likely it has and that was the culmination). But parallels are obvious. Not only in terms of the decline, but also in terms of future growth. Remember the BUY signals that came from the Hash Ribbons indicator with the highest percentage of execution in history. On daily, weekly and monthly TF. According to the experience of the latest signals, they were followed by dumps for liquidating longs.And after - growth. $BTC
$BTC let's finally close the glaring question regarding the Iran/Israel collision. Bitcoin chart on October 7, for those who don't remember or don't know, in short, on the morning of October 7, 2023, more than 2,500 terrorists entered Israel with a mass slaughter of citizens, about 1,200 Israelis were killed, and another 240+ people were taken hostage. The attack was the LARGEST mass murder of Jews since the Holocaust and the LARGEST act of Palestinian terrorism in history. As a result, looking at the chart of that time, the price reacted with a slight rollback of 3%, a few days after the invasion, Bitcoin began to grow by more than 50 percent. Today you hear the news about a possible clash between Israel and Iran, which has not even happened yet, but the market for some reason collapsed due to this insight. Doesn't it seem strange? That's right, because the reason is not the conflict in the Middle East. The reason could be the risk of a recession in the US or the collapse of the Japanese market. This is not so important, what is important is that while the crowd in the crypto sphere is being enveloped in negativity, a major player will push the price down, because there is no point in turning the market around if you can easily push the price lower and put in buckets.
Warning Hi all, If you're holding Pepe Coin, it's time to take a closer look at your investment. The cryptocurrency market is extremely volatile, and recent trends suggest that now may be the right time to sell. Here are a few reasons why: 1. Market volatility. Cryptocurrencies are highly unpredictable and sudden drops in value can occur without warning. Holding volatile assets like Pepe Coin can be risky. 2. Recent decline: Pepe Coin has seen significant fluctuations recently. If this downtrend continues, you could suffer significant losses. 3. Risk management. High-risk investments may result in large losses. It is essential to protect your financial health by regularly revaluing your assets. 4. Take profit. If you have made a profit using Pepe Coin, consider selling now to secure that profit. Waiting too long can mean losing your gains. Be sure to stay informed and make decisions that are best for your financial situation. $PEPE $DOGE $BTC