What is happening with Bitcoin is catastrophic!! For the first time I see the indicators reach this level The RSI indicator reached 19.5 The MACD indicator reached -577 The liquidity indicator reached 5.39, which means liquidity is leaving the currency 😒
Bitcoin actually broke the support, but the break remains uncertain unless it closes below it. 13 minutes left until the candle closes... and we update.
I mentioned earlier that any drop in Bitcoin by 5% or less is met by a drop of 10-20% in small currencies, and some said this is not true!! Today, see how much your currencies have dropped!! $BTC
Brothers who trade in futures, my analysis and recommendations here are all based on the spot system, and I do not care about nor do I trade in futures deals at all. Therefore, whoever takes the recommendation must be careful.
In such circumstances and the sharp decline in the markets, whether currencies or stocks, the decision to sell is a crazy decision, even a disastrous decision made by many traders, claiming to reduce losses, while the truth is that they are the ones who cause their own losses. The rational, balanced decision is to wait and try to exploit the decline by adjusting to reduce the average purchase price, so that after the decline ends and prices return to rise, you have a higher chance of profit and benefit from the wave of rise from its beginning.
$XRP A respectable currency that was not affected by the decline and is still holding together and refusing to decline I see that it will go to the range of 2.45 to 2.48 ...
Bitcoin support 96099.82 that I mentioned this morning has now become resistance. Look at the price, it has been trying for more than 6 hours but is unable to rise above it!!
Currency indicators give clear signals of the rise, but caution remains a must Because the market is still bad and this is what worries me the most.. The important thing is to give you important points in the currency and God willing, the goal will be achieved The most important point is the resistance of the technical model at 1.65 to 1.75 If these resistances exceed the target of the technical model, which is 2.30 I do not rule out achieving the goal because the currency is already saturated with decline I do not rule out not achieving it because the currency may be subject to selling pressure Forcing it to go down or remain in a low area.. The currency is now priced at 1.18. Whoever wants to enter must place A stop loss close to 1.117 or below it..
In the beginning, I suffered a painful loss that almost took me out of the market. But I decided not to give up and to take the challenge and take a risk. If another loss occurred, this would mean that I would be forced out of the market officially. God helped me and I distributed my money in only two currencies, which I will not mention so that some people do not say that I am praising it. The important thing is that the two currencies were one under $1 and the other was approximately $1.5. I left a cash amount not exceeding 10% of the total capital in my wallet. I left the market for approximately two to three months and traveled outside the Kingdom on a business mission. I was only following my currencies and analyzing the chart to be reassured, nothing more, whenever time allowed me. The result, thank God, was a doubling and a half in the first currency and the second was close to doubling, decreasing slightly. From here, I was more encouraged and took a risk in one currency, the price of which was approximately $30, and here the surprise happened that I did not expect at all. The currency doubled with me about three and a half times and reached $140 in a short period. I decided to get out of it and I actually got out and I was saying that I got out of the top and the currency will go down without a doubt. But what happened and where did the currency go?? I swear to God that it did not stop until it reached about $615 🤯😅 Of course, I fully believe that I took my livelihood and what God wrote for me and I do not regret getting out, but what if I did not get out 😵💫 Be convinced that these are provisions and you will only take your livelihood and what God wrote for you and that even your loss is a livelihood for others.Do not be sad and always say thank God.
Focus here on the words.. Wave C was not completed and I mentioned that it could extend to 93.225 Now it has reached this point and we will see if the wave will be completed or not? By the way, the wave analysis is very accurate. We say, God willing, it will be completed.
Do not believe any rise in Bitcoin unless it rises above this resistance 96099 Of course, it was support this morning and it broke it now it has become resistance and it failed to penetrate it upwards several times and I warned about this In a previous post today.
Now with the decisive decision Bitcoin closed today above 94,874 Bitstamp platform And Ethereum above 3,305 Binance platform This means the correction is over and we have a rise to 98,200 - 3,500 and then the market will be re-evaluated at that time
If it fails and we close below the two numbers, it will be a very bad decline Bitcoin's first target is 87-89 and the second is 85 Ethereum's first target is 2900 and the second is 2700
The decline failed to return above the two resistances and close two consecutive 4-hour candles Make a decision with your wallet as you like to provide liquidity, the decision is up to you #Bitcoin#Ethereum #بتكوين #إيثيريوم#Altcoins#ALTSEASON
Can someone tell us what is the status of Zen? I bought it at 32.5 and it went down and I can't reach the same number. Should I sell it and withdraw from it and that's it, or should I wait?