You have to understand the psychology of the market makers to understand why this drop is happening.

The market makers knows that there are two -if not more- types of traders existing in the market at the moment.

The one who bought BTC 2 years ago at the price of 69,000$ and still holds his bag from two years.

The second type are the wave surfers, the ones who just buy when they see the market pumping uncontrollably.

The market makers needs to abuse these two types,

How?
By causing a drop, stirring the pot.

Why?
To force type 1 and 2 to sell their bags or risk loosing their profits, so when the market makers start shifting the market upward again, now BTC is worth more to buy, and type 1,2 will have to buy it again but this time at a premium (expensive) price.. so when the major drop happens later, they are stuck for another 2 or 3 years (cycle)

Look to it as musical chair game, but this game, the market makers know when the music will stop playing.

How can we be sure?
Well, by following two criteria.

#First , the market will not go back to the point where it started, "When this pump started on 5th of november" that day, BTC price was 67,481$ so we should never see BTC reach there.

#Second , By monitoring the correlation between BTC and Alts.. We should notice that BTC dropping more than Alts are.

As of the time this post is being written, BTC has lost 7.99% of it's ATH value over the course of 5 days, While most coins lost from 15-20%, this indicates that the drop will continue, but as the gap closes in and the % lessen, we should see a reversal towards the ultimate goal of 100,000 -110,000 $ Area.

Stay updated by following me.

#N4G

Nothing have shifted, the market is still on an upward path, what we are seeing is just a small correction.

I am talking to the long term holders (weeks, month at most) as for the daily traders, you risk loosing your entry and buying less for more $$

#N4G

GTC is still a valid idea, it just dumped a little because of the over all market move, but it's hovering inside a discount zone and shall soon start rising.

One Year ago, On Nov 26 2023
BTC Price was 37,451$ with a loss of 0.89%

#History
#N4G

Fib tools are great magic wands that you can use to read the market.

By using the fibonacci tool, you can tell that $BTC fair price is 76,413$

Yet, you can use them only to determine the market direction, as other factors interfer.

Personally, i believe the market will not drop more.

We will see BTC break the 100,000$ barrier and maybe reach 105,000 or 107,000 before a major drop to maybe 89,000 area, who knows! But time shall tell.

#N4G

Don’t worry, BTC won’t drop much: its a small correction and it will head to 100,000$

Today, Gold lost 3.8% and so did the dollar, it lost 0.5%

Usually Gold and dollar act differently, like Tom and jerry.

I guess, the market makers will use this to stir interest into crypto and people will pour in more money, and when we get closer to 24 Dec 2024 "Christmass" 🎄 They will drop the market hard "about 30-40% losses"

They will return by mid February to drive the market up again.

Too early to judge, but hey, we'll keep an eye or two on how things go.

Follow me for more.

#N4G

#TIA Update.

#N4G

#OP #UNI #TRU

In a sea of red, three ogreens stand out, those were trades posted by me.

#N4G

MDT ladies.
Finally starting to show its true nature, a potential 1$ candidate.

#N4G

You can close rose right above entry.

It still packs potential but it didn’t perform as expected.

$UNI .

You can long #GTC 🎲🟢
Entry: 0.900$

Crypto liquidations reached $470M on Nov. 24 as #Bitcoin retraced and altcoins surged.

I hate to break it to you, but #MDT will reach that red rectangle.

#N4G

Exactly One year ago, on Nov 25 2023.
BTC price was 37,787 with a gain on 0.18% during that day.

Once upon a time, i saw EGLD gain 100$ in 5mins.

#TrueStory

BTC will hit 100,000$ after daily close with a big green candle.

#Prediction

How to get out of any future trade that is in loss "With Example"

I learnt about this way like a year ago, i don't use it much as i don't have big capital and I'm a high risk trader "When i get my hands on money".

Okey, so the way to do this is by example "I'll try to explain it in a simple way" :

Say you got 10,000$ USDT that you will be using in future trading, and you decided to long some coin that's price is 1$ with 2,000$ Margin, then the market shifted direction and started falling.

So, Now the situation like this:
You long a coin @
Entry: 1$
Margin: 2,000
Current Market price: 0.95$

If you see a situation like this, that the asset price decreased from 1$ to 0.95$ and you are -50% or something, all you need to do is this:

1. Wait for a sign of a retracement from the downtrend (Price retraces to around 0.97$) and open a new long on the same coin with 1,000$ to 2,000$ of your margin.

So Now the situation will look like this:

Entry: will be around 0.97$ - 0.98$
Margin: 4,000$
Current Market price: 0.97$ - 0.98$

That way you have leveled your entry with the current market price, of course it's risky as you risk more to be able to get out of the trade and if you are sure of your trade, then you will have a better entry and more profit.

#N4G

Rose Near Entry.

#N4G