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Ben Walther
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One of my favourite
$BTC
analysts on X just posted an exciting chart.
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Be careful and don't get too excited 🚨 It was good to see $BTC and altcoins bouncing but: - Most of the alts haven't climbed above crucial levels - Bitcoin already shows some weakness on the 1H and 4H chart - A bounce followed by an immediate pump is rather unsual Therefore, it wouldn't surprise me if we go slightly lower from this level again before we recover step-by-step.
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Fam, I am super excited to host a free live session next Thursday! During the session, you'll discover: - The 2 biggest reasons most traders fail to make consistent profits (and how to avoid these traps) - Battle-tested strategies for assessing trade opportunities with high accuracy - My step-by-step method for identifying lucrative trades and minimizing risks using data-driven signals - How to instantly improve your trading skills and become a more confident trader - Plus a whole lot more I will add a link to register below 👇 See you Thursday!
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Another perfect example why all this Mt Gox panic is total bs. Many people who receive Bitcoin will act exactly like this. Remember, the people who bought Bitcoin 10 years ago were early adopters who believed in the idea of Bitcoin.
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Many tokens show strength and deliver an excellent recovery. Love to see that. Actually, that is exactly what I talked about in the live session this morning. However, it will be crucial to see if $BTC can reconquer the >59k level and altcoins as their essential previous support areas. If this won't happen, we will go lower again soon.
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That's the beauty of data-backed trade signals. Look how fast they switched from sell to buy on the 1H chart and the potential profits. That's why we go for data-based signals instead of gut feeling. Simple. $XLM $FET $BTC
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