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Ben Walther
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If you don't use leverage, you don't get liquidated, you don't have to panic sell.
Simple. Few.
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Ben Walther
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AKRO Trade Setup — Ichimoku + MACD Signal — 30% Potential.
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New week! Time for Crypto + Coffee! Join me live at 8 PM UTC. Today, we take a deep dive at the Bitcoin chart and discuss Ethereum's crucial levels. Additionally, I prepared two interesting trade setups and took a closer look at the DOGE chart. LET'S GOOO! Join Me Here! $BTC $ETH $DOGE
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Sunday Wrap-Up & Outlook — That's Not What We Wanted To See 🔴 Unfortunately, Bitcoin and altcoins have not continued to show strength today. On the contrary, we saw a couple of bearish signals today (although there are still 30 minutes to go until the daily & weekly candle closes): Here's a short analysis and outlook: 🚨Bitcoin did not manage to rise above the EMA200. This can add additional sell pressure on BTC since many strategies use the EMA200 to define the trading direction (long or short) 🚨 If we don't see a significant change, Bitcoin will print a bearish engulfing candle on the daily chart, which is considered as a bearish signal — potentially followed by more substantial sell pressure (same applies to many altcoins). 🚨 Many altcoins slipped below their crucial support line (again). 🚨 The Asian sessions have been driven by solid sell pressure for a few weeks. Therefore, it is likely that today's bearish trend will continue and probably accelerate. #ANALYSIS $BTC
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That's Why I Trust In Data Instead Of Gut Feelings 💪 I was pretty excited after yesterday's rally. Who wasn't? Most tokens bounced perfectly and almost equalized the losses of the previous day. I expected a continuation of the bullish momentum today. However, I try not to follow my expectations/emotions and prefer relying on data. Therefore, I was pretty surprised when I saw more and more bearish signals flashing on the daily 4H and 1H charts. But what can I say? Data: 1️⃣ - Gut Feelings: 0️⃣ Once again, I am happy to rely on solid data instead of my feelings. Hope you caught some of the signals.
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Bitcoin got rejected at the EMA200 twice. It would be good to pump above before the weekly candle close. 6 hours to go. Regardless, it will be interesting to see how the market responds tomorrow when some volume kicks in. Although a close below the EMA200 is a bearish sign everything seems possible: A retest of the lower bull flag band and a pump to the top. $BTC
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