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Crypto JK
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Key events this week: ✅Wednesday (2PM ET) - #fomc minutes ✅Thursday (8:30AM ET) - #GDP report ✅Friday (8:30AM ET) - PCE index #inflation report ⚠️WARNING: Market volatility⚠️ ‼️Trade with caution‼️ #crypto2023 #dyor

Key events this week:

✅Wednesday (2PM ET) - #fomc minutes

✅Thursday (8:30AM ET) - #GDP report

✅Friday (8:30AM ET) - PCE index #inflation report

⚠️WARNING: Market volatility⚠️

‼️Trade with caution‼️

#crypto2023 #dyor

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Crypto JK
@therealcryptojk

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TOTAL3 Bullish Shark • Bullish shark formed with the recent market dip. Invalidation will be a close below 510B. • Bounced from the VAL, 563B serving as a strong support. Has entered 24% Fib level, but still unable to sustain trading above 38%. • Retest on 24% Fib level is a possibility before trying to enter golden zone and try breaking POC to trade within the EMAs. • TFO still in oversold zone but is already trying to reenter neutral zone. Key break points to WOF: • 661B • 687B • 703B • 726B • 754B
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As market tensions rise, expect feeds to flood with panic-inducing narratives, instilling fear of missing out on potential buying opportunities. Hedge funds will caution against "Buying the Dip," and bearish sentiments will dominate headlines. However, history often repeats itself. Similar to 2020, expect dips to rebound at twice the speed they descended. Savvy investors will capitalize on these downturns, reinvesting in promising assets. It's essential to note that a 20% to 25% drawdown following each all-time high is a common occurrence, as previously discussed. Surprisingly, adverse events like hacks, conflicts, or fear, uncertainty, and doubt (FUD) often fuel bullish momentum, turning adversity into opportunity.
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$BTC 59k zone revisited. Still debating if it goes lower than that or have whales and institutions refilled their bags already.
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Total Crypto Market 24H Liquidation: 🔴LONGS: $783.91M 🟢SHORTS: $94.72M That's a total of $878.63M in liquidations. Trade safely ninjas!
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$GALA M15 Bullish Cypher • Bullish cypher in play, seeing a peak on the 162% extended Fib level. Invalidation could be at a dip towards $0.05680. • Market trading above bearish NT, and more push could trigger the bullish bias and curve the EMAs upward for a potential GX. • Reentered VAL upon earlier fall, trying to break POC and test the EMA200. • TFO entering neutral zone just above oversold area; expecting a median bullish cross sometime soon if bullish momentum kicks in. Key break points to WOF: • $0.05851 • $0.05954 • $0.06031 • $0.06174
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