So as my system tells me to go short i feel these urge not to. On all my timeframes (which my system is based on) the trend reversed and its in rare situations like this that i am uncertain of any outcome of the price.
What my years in the markets (forex & crypto) tell me right now is to take a step back and let what ever is going to happen,happen. I would never short in to weakness.
I am not saying that bitcoin is doomed neither that is going to 20k like the others are telling you but what i think will happen now is very simple
Outcome 1: We will consolidate for a few days or weeks for that matter ranging from 60k all the way to 68k which by the way are the places with the most liquidity
Outcome 2: We take the liquidity sitting around the 64000 and then shoot up towards the all time highs.
Personally i am in the middle..
This is why when the big institutions came in i and a few fellow traders were not happy, we knew that they would manipulate the prices all the time and no one would be able to tell them otherwise. $ETH $HBAR #BTCFOMCWatch #CPIAlert #ETHETFsApproved #altcoins #BTC
Why are so many people calling this few days the end of the bullmarket ? $BTC
As I mentioned earlier, when a bunch of so-called “influencers” claim that the bull market is over or that the price is going to drop below 50k, you know it’s the perfect time to BUY.
I've been watching the markets closely for the past few days, and if we manage to close today’s candle above my support level of 66,000, then the uptrend remains intact.
Based on my technical analysis, I expect we'll revisit 68,000, causing all the late shorts with high leverage to get rekt.
I am 100% against holding a thousand different altcoins, and there are a few reasons for that. The most important is that you can't effectively monitor all of them at the same time. Most of them end up being hit or miss, or worse, pump and dump schemes.
What I prefer to do is hold maybe 2 or 3 altcoins that my analysis suggests could increase in price by at least 30-50%.
For example, I mostly hold $ETH ,$HBAR , SOL, and of course, the king—BTC. With a small number of coins, I can manage them quite easily.
With yesterday’s post, I said that BTC would reach $69,000, and it happened perfectly, as it has many times before. If you want to see for yourself, just visit my older posts. So, when people try to tell you that technical analysis doesn’t work, it’s because they have no idea what it is and will never know how to use it.
Yesterday, I mentioned that BTC would likely target the liquidity around the $69,000 area. It briefly made an attempt but was pushed back down by the bears. According to my technical analysis, there’s still a good chance it will absorb the liquidity at the $69,000 level.
Additionally, the GDP growth rate of 1.3% indicates that inflation has slowed down, which significantly impacts the crypto market and today’s upward movement. I expect BTC to continue rising with tomorrow’s London session.
I want to thank all my followers who continue to support me by tipping me and helping me create valuable and informative content for them. $ETH $HBAR #btc70k #altcoins #BlackRock
Looking at our daily timeframe, BTC is still showing bullish behavior and hasn't broken its trend. The higher low is around the 51,000 mark. It's important to understand that for a higher low to form, there must first be a higher high. In this case, the higher high is at the all-time high. To confirm a new higher low around the 57,500 area, we need to break the all-time high and establish a new higher high. Don't be misled by those claiming BTC is in a downtrend based on the 5-minute timeframe.
Additionally, there's 350 million dollars sitting at the 69,000 level, making a move towards that liquidity likely.
Now that the $ETH ETF is approved and the trading of it is around the corner the alt season is gonna be crazy! I have been away from posting for some time because i was focused on trading from day till night. So my over all plan for this is simple, I accumulated lots of ETH $ARPA and of course $SOL for long term due to the fact that when ETH pumps hard arpa and sol will follow like crazy.
It’s been a while since i last wrote on binance square.
Yesterday’s fall could not have been predicted by no one. So stop beating yourself if you lost money and focus of making money from today on. There are new opportunities in the markets every day and today is no exception. If we see tomorrow a spot etf from asia then this dip would be the bottom. If you like my work and find it useful feel free to leave a tip to support my work. $BTC $ETH $SOL #BinanceLaunchpool #cpi #Memecoins #bitcoinhalving
Market Manipulation or Just Liquidity Sweeps? $BTC
As the price retraces from the 70,000 area, I'm eyeing the support level around 68,000. If the price reaches this level and shows rejection, indicating a bounce to the upside, it could signify a simple break of structure and a continuation of the uptrend.
In such a scenario, I'll consider taking another long position if the break of structure happens. My other trade closed in profit around the 70500 area.
It’s sudden drops like this that get people emotional and uncertain of what is going on and of course the retail traders that will try to tell you that it will go to ZERO !!
On another note as we can see on the heat map there is a lot of liquidity sitting at the areas of 68000 and 72000 accordingly. So the sudden fall is probably just a liquidity sweep and i think that we will go to 68000 first to clear out all the late long positions and then head up to 72000 either today or tomorrow with the start of London session.
I’m passionate about sharing insights with the community. If you’ve found my posts helpful, consider leaving a tip to support my work. $ETH $SOL #ICP #xrp #BTC #BOME
I hope everyone is having a lovely Monday. As we can see on the heat map there is a lot of money sitting at the 68000 area. I believe today we can see the price go to that area due to the fact that we had a bullish engulfing daily candle close yesterday.
As for me i have a small long position from 66000 which I didn’t give as a signal due to the fact that the risk of it being a bad idea was quite high.
I’m passionate about sharing insights with the community. If you’ve found my posts helpful, consider leaving a tip to support my work. $BNB $XRP #ICP #GALA #LUNA #BNBChain
All longs are gradually exiting the market as we can see on the heat map. The weird thing is that there is still some money sitting at the 60000 area which is concerning as to how low the price could go. !
As of now i will stop all my positions with 2 being in profit and $RUNE being our only loss this week.
As for BTC i have buy positions (spot) ready at 60000 and 58000 if we deep that low in the weekend or if Greyscale continues selling 😂
I’m passionate about sharing insights with the community. If you’ve found my posts helpful, consider leaving a tip to support my work. $SOL #HotTrends #BNBChain #BOME
With yesterday’s post I explained that 62000 and 68000 are the zones to look out for due to the liquidity sitting there. As of now and as you can see on the photo there are no money sitting lower until the 64000 area so from 66000 to 64900 is a dead zone.
On the opposite we can see that there are millions sitting on the 68000 area which is think will be hunted today when the new York session begins.
Also i closed my long on BTC with some good profit and still hold a small long position on $RUNE
I want to thank all my followers who tipped me and help me create good and educational content for them. Always trust in analysis. #HotTrends #BNBChain #BOME #BTC
As of now all the liquidity sitting around 66000-65000 got swept. Now there are two major areas to look out for one being 62000 and the other being 68000. People are sizing up longs and shorts like crazy right now so you wouldn’t want to come in the middle of this gunfire. My system gave me a signal to go long when we touched the 64700 mark and i entered long on it. Also i got a signal on $RUNE when it reach 8.450 which i am a bit sceptical about. Anyhow i hope you have a wonderful day with your trading and remember to always trust your analysis. $XRP #HotTrends #ETH #BOME #crypro
So yesterday’s plan was to wait for a retest of the 66000 support/resistance and if i saw any rejection i would have entered short aiming for the 61-60000 support. I was monitoring it all night and it didn’t show any sigh of rejection so I didn’t enter. Thats why i always say trust your system, my system just saved me from a loss.
Anyhow now that BTC managed to close the daily candle above my support i will wait for a break and retest scenario But i have to say that there is not too much liquidity sitting around like other times because retail traders are confused as to where BTC will go.
Today or tomorrow i am anticipating a re touch of the 68000 area if we continue like this.
So as of yesterday’s daily candle closer BTC broke the uptrend and made a Change of character (CHoCH). Right now there is a lot of fear and panic in the market And what ever decision we make NOW we will end up loosing money for sure.
So my plan is simple, if we are now in a true downtrend we will continue moving down but first there will be a small pump to make a lower high. Preferably i will like it to make the lower high around my support/resistance around the 66000 area. If i see any rejection on the 66000 area where there is also liquidity sitting from the people shorting i will definitely wait for the liquidity to be swept and then enter a small short position aiming for my other support/resistance which is around the 60-61000.
Stay safe trust your analysis and always do your own research. I created a system with some criteria that need to be met for me to enter a trade which makes it a high probability trade. ! $ETH $XRP #HotTrends #BOME #xrp #BTC
Basically, what's happening now is a regular adjustment in the market, especially noticeable in BTC. It's been on a downward trend for about six days, but there's no need to panic. Instead, see it as an opportunity to buy more of the coins you prefer. And i usually don’t like to tell people to hodl and DCA but things are different this time around.
Even if some people are panicking and selling their holdings, it's better to remain calm and think long-term. One interesting thing to note is that the average breakeven level for US spot BTC-ETFs is now around $56,000. This suggests that BTC might not drop below that level easily.
So, don't stress about the market fluctuations; they're just part of how the market operates. Stay composed, focus on your investment goals, and use these times to refine your investment strategy for future growth. Remember, patience and strategic thinking are key in navigating through market corrections like these. $SOL $XRP #HotTrends #SLERF #ETHFI #BOME
So as we can see BNB was moving upwards for some time now. The demand for BNB was through the roof due to the launch pools that were happening every few days. Now if Binance doesn’t come out with a new launch pool project the price will most likely fall.
But, we have to remember, the crypto market is tricky. Even if the launch pools ending makes BNB cheaper, there are other things that matter too. BNB’s price changes because of many things, like what’s happening on Binance, and what’s happening in the whole crypto world. Also, if Binance makes something new, it could change BNB’s price again.
So, while the end of the launch pools might make BNB less expensive, we have to think about other stuff too. It’s important to learn more, watch what’s happening, and be ready for BNB’s price to change.
So as it seems the listing of BOME on binance was used as an exit liquidity to all the people who were eager to invest the moment it was listed. No surprise there as i took precautions and stayed away from it for this exact reason.
One coin that has been surprising me for the past few days was $SOL When everything else was falling and when it had problems with its system for the past few days it didn’t even loss its momentum and power and that is what i call sigh of strength. !
Today I anticipate a lot of momentum on the ai coins due to the fact that its Nvidia’s GTC and already the ai coins are moving up. I invested a lot in AI coins for some time now and today i think it will be a good day to all who hold them. $IQ #HotTrends #BOME #sol #BTC
A small lesson about trends first. So if you have an uptrend you will have higher highs and higher lows. And if you have a downtrend you will have lower highs and lower lows. With that being said You should not worry when there is a small down move on any of the coins you hold especially when there is NOT confirmed change of character.
The reason i started with the small introduction about trends is for the reason i have been telling you since yesterday to not worry when there is a small correction on bitcoin and not to panic. And especially NOT TO GO SHORT NOW Why would anyone want to go against the trend ?
So if you can see on the chart there are multiple signs of trend continuation like the higher highs and higher lows and a nice retest and rejection of our support around the 66000 mark.
And also there is a lot of liquidity from 70000 and upwards so if you are short i would advice you to close it now before you suffer from yet another loss. $SOL $XRP #HotTrends #sol #SHIB #DOGE
So bitcoin has experienced a significant fall of 7% since the all time high and this move made people have flashbacks of the previous time it was at all time high and fell like crazy (2021). You have to understand something, everything that goes up will always go down even by a little bit, what i want to say is that small drops like this should not frighten you if you know what you are doing. Bitcoin and cryptocurrencies all together are not a get rich over night scheme. Anyway now that the psychological part is out of the way lets talk analysis.
As we can see from the heat map and from the chart there is a lot of liquidity sitting around 67350. What you have to understand with liquidity hunting is that when the liquidity is injected in to the market the price often moves to the opposite side AKA will go up
After the 67000 is claimed the next objective will be 72-74000 before another fall towards 60000. Again trust your analysis and your system do not fomo in anything and don’t over leverage!!!