$BTC

With the expected Fed rate cuts approaching, market has been performing rather cautiously. Unless we see a convincing breakout above 62k in the coming few days until the rate cuts (if any) are announced on the 18th September, we should not be expecting any big pumps in the near future.

Considering many are expecting 0.25% rate cut and with many more expecting 0.5%, the cautious approach by the market players seems rather driven by concerns about recession and slowing down of the US and the global economy as a whole. Although 0.5% rate cut would be encouraging for many, it would also signal a panic move from the Fed against saving the economy from falling into recession.

I personally am being as cautious and not expecting the market to recover soon unless there is an exceptionally larger than expected rate cut.

Let's not be over optimistic, and let's not fall into another trap, as there do not seem to be many factors encouraging BTC to make another move towards the ATH in the coming few months.

This is not a financial advice, and please do your own research before making any investment in the market. Stay safe and do not FOMO.

#NFA #DYOR #FedRateCut #FOMC

$BTC

Very High Risk Trade

Long

Entry 59200 - 58500

SL - 57648

TP1 - 59800
TP2 - 60200
TP3 - 60800
TP4 - 61100

Enter at your own risk, do your own research #DYOR #NFA

Decide yourself whether to move your SL to entry or profit as price increases.

Risk only what you can afford to lose.

$BTC is lately behaving like a gf who breaks up with her bf and regrets it, and then tries to patch things up but then the bf doesn't want to, and then she gives up. Then the next morning she is back trying to convince him to take her back, the bf agrees, but then after a week the gf starts having issues with everything, then the bf leaves her, but she can't accept it and never moves on.

Best of luck everyone, manage your risk, use stop loss, and don't get all your capital chopped up!

$BTC

📢 Large scale Liquidations Alert 📢

With lower than expected CPI data, it seems that the downtrend that started due to pullback few days ago, has been clearly broken and we have seen BTC back above 69k. However with FOMC around the corner and huge interest shown by the US Legislators in support of rate cut, if a rate cut is announced today, we can very well see BTC breaking through the ATH.

Be careful with your positions, manage your risks, avoid very high leverages.

An interest rate cut today could kick start a huge recovery of uptrend in crypto. Let's hope for the best!!

This is not a financial or investment advice, do your own research and don't rely on others opinions for making investment decisions.

#NFA #LiquidationAlert #pumpiscoming

$BTC

With ETFs bringing in net inflows and adding to the buy pressure, BTC still looms around 69800 and is attempting to reclaim 70k.

Healthy buying activity today has pushed the price above 69500, and from the looks of it, BTC might reclaim 70k. However, only a reclaim of 71200 and a confirmed support at 70k could be termed as a confirmation of a further bullish movements.

This week is a very important week for BTC and for the crypto market, we are likely to see a substantial move in either direction, but a bullish reclaim of 72k and a challenge to the current ATH of above 73800 seems more likely keeping in view, an increased interest from the investors.

This is not a financial advice, do your own research before investing.

#btc73k #BullRunAhead

$BTC

As expected, the last pullback could be attributed to the increasing FUD at the higher price levels. However, the questions that need to be asked are whether BTC would be able to recover? and whether we could see more of such flash dumps in the near future while BTC attempts to make new ATH?

The recovery I believe has already begun and if BTC crossed above 71k, it would be a good sign of bullish sentiment. For now, we have seen 69200 confirmed as a good support, which has given a push above 69500.

As far as such flash dumps occuring in future is concerned, their liklihood cannot be denied. FUD increases as BTC starts trading over 71-72k, it puts traders in a difficult position where they are afraid that if they buy BTC at such high levels there is a chance that their capital could be stuck for years until they are able to sell it in profit.

Having said that, the more attempts we make at the higher levels, the more confidence it will give to the buyers to purchase. Right now we have somewhat of a balance of FUD vs FOMO at 69-71k. Once FOMO takes over, prices would be pushed higher and higher, then we will more likely see flash pumps.

This is not an investment advice, you should rely on your own research while investing. I take no responsibility of loss incurred to the readers.

#BTC #corrections #FOMO #FUD

$BTC

Many of the traders still believe that BTC would see lower levels, but from the strength BTC has gathered during the last few days, it appears that they'll be proven wrong.

For now bears are filling up their shorts, there is a very strong liklihood that BTC will give a push towards the ATH within this week. It needs to be seen what reaction we get around the ATH to get a clearer picture. However, everything is pointing toward a bullish momentum and we may very well see a smooth ride through the ATH and a new ATH forming at a much much higher level.

Hang on tight and manage your risks accordingly. Don't be a victim of FUD, we have come a long way and we have to go an even longer way hopefully.

This is not a financial or investment advice, rely on your own research before investing in the market.

#NFA #NewATH #btc73k

$BTC

ETFs have shown a net inflow of 12,165 BTCs in a single day on June 5, 2024, with the leading inflow of 5,378 BTCs by Fidelity's ETF.

Institutional investors have perhaps started a buying frenzy due to the FOMO. If this buying continues at such pace, we could see BTC at 100k in the near future.

#BTC #btcpumping

$ETH

Blackrock has confirmed that they have planted $10 million as seed money for ETH ETFs, whereas BTC seed funding was only $100k.

This gives an indication that institutional investors are a lot more interested in ETH as compared to the BTC, and why should they not be? ETH has much more usage value and is being adopted by many institutions.

It would important to observe the inflows soon after ETH ETFs go live and start trading on exchanges. We could witness a substantial increase in the ETH price soon after ETFs start trading and money starts pouring into ETH.

Also remember, this could kick start a wonderful alt season, and there is also a liklihood of ETH breaking free from the BTC price movements. We have wonderful times ahead. Let's be prepared for this bull run.

This is not an investment advice, readers should do their own research before making investments. I will not be responsible for any loss incurred to the readers.

#ETHETFsApproved #altcoins #ETH

$BTC

It seems like BTC has overtaken an important resistance zone of 69200 to 69500. If 69200 is confirmed as support on successful restest, then we would likely be trading over 70k. As I had mentioned previously, this is a very good hint of supply shock phase approaching.

If things went as smooth as they are now, we could see a retest of the ATH in this week. BTC seems to be very strong, and increased dominance is making many alts suffer. Manage your risk accordingly and fasten your seat belts for a wonderful journey.

This is not an investment advice, please do your own research before investing and do not rely on anyone else. I will not be responsible for any losses incurred by the readers.

#BTC70k #ATH #pumpiscoming

$BTC

Are we going to see this week's candle close in red or green? It is the question bothering traders' minds now.

It doesn't really matter since strong formations can be observed due to ever increase in buying these days. As for now, increasing BTC dominance is making alts suffer, so be careful with your trading and manage your risk accordingly.

I am confident that next week would bring lots of surprises. So get ready!

Please remember that this is not a financial or investment advice. Do your own research and take investment decisions at your own risk.

$ETH

Huge amounts of ETH withdrawals have been observed:

1. 50,000 ETH worth more than USD 188 million.
2. 50,000 ETH worth more than USD 188 million.
3. 12,414 ETH worth almost USD 47 million.

These transactions have been seen as ETH being tranferred/withdrawn from Kraken to unknown wallets.

It seems like whales are preparing for the big news of ETH ETFs going live on US exchanges. This would not only be a big news for ETH but also for other Ethereum blockchain based coins such $AAVE LDO UNI ENS $PEPE etc.

Coming weeks could see big movements in the crypto world.

This is not an investment advice, do your own research before investing in any coin.

#DYOR #NFA #ETHETFsApproved #ETH

What would be the next target for $ETH after its ETFs start trading?

$BTC

For those who are good at reading charts, I'm sure you must've noticed the huge buying at this 67-68k levels. This indicates lots of interest in the $BTC . But we haven't seen any pump, you might ask? Well the choppy price action seems mostly due to the monthly close approaching. I'm sure we'll see slightly more volatility during Friday and near the monthly close.

This 67-68k is a very critical level. We would like this being held through the monthly close, which could give us a push towards higher levels. Break this level and we could very well be revisiting lower levels down till 63-64k or even lower (though quite unlikely).

This is not an investment advice, do your own research before making any investment.

$BTC

#Monthlyclosing #BTC

$BTC

The market becomes very fragile near the ATH levels, which I think is the main reason why we saw yesterday's breakdown. Market broke down due to a news regarding huge number of $BTC being moved by the Mt. Gox into unknown wallets. However, we saw a clarification today that these transfers were routine ones, for the upcoming distributions planned by Mt. Gox. So there isn't much to worry about, except the fact that now negative emotions and FUD have taken over the emotional traders.

I strongly believe that the market rewards only the patient traders, and we should see a recovery soon. The monthly close is also nearing, May's candle is still green and is likely to close green, which would be a strong signals of a bullish trend. The emotional traders and panic sellers will likely be left behind.

For now we are retesting a critical support level i.e. 67k-68k. We should look for it to hold and to give us this month's close above 67k to confirm a strong bullish trend.

This is not an investment advice, readers should invest after doing their own research of the market trends. I do not take any responsibility of losses incurred to the readers.

#DYOR #NFA #BTC #MtGox

$BTC

As per expectations $BTC has shown a strong reaction from 68k levels and is now trading above 70k. Many were expecting it to take a dip due to choppy price action throughout the weekend, but as always it played out against their expectations.

As mentioned in my last post, I am viewing this as the early signs of a supply shock in $BTC . If it holds above 70k strongly, we can expect it to hit a new ATH, and may also enter into the price discovery phase in few days time. Having said that, a reaction above 72k would be worth observing as FUD kicks in at high price levels, which has a potential of literally killing the bullish momentum. In other words, nobody wants to be the one making the last purchase at an ATH only to be left waiting for years to sell in profit.

This is not a financial or investment advice, do your own research and take decisions at your own risk. I take no responsibility for any losses incurred to the readers.

#DYOR #BTC #ATH

$BTC

69k support is holding strong. There have been huge amounts of inflows from the ETFs in during the last week, which is in fact taking $BTC supply away from the market pushing the price higher.

It seems like, $BTC will most likely be entering the supply shock phase bit sooner than expected. This time around post-halving should be better than the previous ones.

Keep an eye on the impulsive moves in any direction, manage your risk accordingly. This not a financial advice, and do your own research# before making any investments.

#NFA #DYOR

We saw a pullback in $BTC yesterday; however, the 67,000 demand zone has held pretty well throughout today. The new resistance is at 68.2-68.5k. If the retest of below 67k gives a better bounce back up above 67.5k, we could see the 68.2k resistance broken and turned into a support, which would clear the way for an upward move.

The 65-67k level is a very important support level and we would like to see it hold throughout the weekend to expect an upward move.

I am bullish for the $BTC and to me a move under 63-65k seems very unlikely but we can't predict with certainty. Through the weekend we could see choppy price action with not much happening, unless we see a good bounce from under 67k level.

I am not an investment advisor and my posts should not be taken as an investment advice, and I take no responsibility of any losses to the reader. Do your own research before taking any trades and manage your risks based on your own research.