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.
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.
I am not an Optimistic that BTC can touch 100k this week but the Bollinger and RSI indicates that soon BTC will touch 100k. I will short BTC only on weekends though one weekend was a surprise for all bears but normally on weekends bears print money.
Why are all utensils on the ground? was there cat in the kitchen in the night? I was sleeping and wake up now... saw there is no open trade... all are closed 🤣🤣🤣🤣
I think Alts make you poor while BTC can make you rich.... Because you need only BTC analysis to earn while alts is dependent on BTC and that's why money is lost again and again.
It Looks like the Expanding Triangle E-wave is completed, and we're waiting for a pump now...
but we still have to watch the market. The correcting wave 4 is almost completed, and wave 5 is pending, which must be higher than the previous All-Time High (ATH)
However, we're not in a position to open a long position now but will wait to confirm whether wave 4 is completed or still requires some correction."
Recently you may have experienced that BTC was falling sharplbut alts didn't dump as BTC the reason was that alts are already at lowest. $BTC $ETH $USDC
Very difficult for $BTC to break the resistance... Be alert for big dump anytime. Don't trade if you have less funds.. wait for 2 3 days. Alts will bleed like 60% 70% if BTC dumps