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Whenever This pattern is formed then market saw Billions of liquidations... Be careful guys
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Yesterday I warned you about correction that wave 4 on 2H is started and can dip down to 94k then market will move towards wave 5 in upward direction towards 105k. Remember I won't open any long at 94k because on the large time scale there also retrecment is required... So, I won't open any trade untill it is confirmed that market has started movement in upward direction. $ETH $ETH
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The dramatic price movement of Wrapped Bitcoin (WBTC) today, where it reportedly dropped from $97,000 to $5,200 and then rebounded almost instantly, is attributed to a "flash crash." Such events are typically caused by factors like low liquidity, algorithmic trading errors, or market manipulation. In this instance, on certain platforms or trading pairs, a lack of buy orders at specific price levels may have caused the sharp decline. Once the price hit the bottom, automated systems and traders capitalized on the low price, quickly driving it back up. Exchanges or DeFi platforms experiencing technical glitches or unexpected sell pressure can also contribute to these rapid fluctuations【8】【9】. Flash crashes often highlight vulnerabilities in the market's structure and the risks of low liquidity in certain trading environments. If you're directly impacted, reviewing trades and checking with the involved platform for specific causes or potential refunds might be prudent. $WBTC $BTC
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On 31 May 2024 I told you that BTC will fly towards 78k and then we saw extended 5th wave which is much larger then the one I predicted.
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as per Elliot waves BTC on 2H can retraced to 94k. on 4H it will move to 110k on Long term for wave 5 it can touch 125k. open only small position because the retrecment of 99k to 94k is till 5k dump whoch is much higher for alts. be careful to trade $BTC next move
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The dominant one is shaking the juniors very badly . $BTC $XRP $SOL
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