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#TAO $TAO #Bittensor TAO expectations and reality

PROFIT_PILOT · 2024-04-12T10:41:52.000Z

#TAO $TAO #Bittensor TAO expectations and reality

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#TAO $TAO #Bittensor 
TAO の期待と現実

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#BTC $BTC Hey guys. Spike Exchange netflow from the exchanges 68.5K bitcoins. Not necessarily but indirectly can speak about accumulation of position on cold wallets both by big players and exchanges themselves. Is history repeating itself? Stay tuned.

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#BTC #liquidationmap $BTC Hey, guys. Liquidation zones that can be identified and are at risk (most likely to be tested) 58300 above and 52500 below. Stay tuned.

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#BTC #Bitcoin $BTC Hey, guys. I hope you are well. In the last review, I considered the rebound of bitcoin to the zone of 63K, and said that this is a long scenario, and you can consider buying for a minimum of 57K. Unfortunately, it happens that the market goes against the forecast and this time, we saw a fall and a breakdown of support 60 and 57K and at the moment, the price is trading around 55K. The activity of sellers is associated with the implementation of bitcoins by the German government, which put pressure on the quote. The week closed -16%. Spot Bitcoin ETF trades despite the price drop closed with a total inflow of 238 million, i.e. we can see that institutional players increased their position last week, but this does not mean that this is a local bottom and we should expect an immediate rebound, the point is that such large positions can take weeks to accumulate and for a large player the average price is important, so I am just pointing out this fact. The onchain metrics show that Technically the price has broken supports and is between the important zones of 57 which has now turned into resistance and the next zone of 52-48 K, It is possible another wave of decline and testing this zone, as all those who bought the bottom put stops behind the low and +/- filter and if the low is caught, the price may go lower on Long squeeze. From the investment point of view, buying in the 57-48 range looks attractive and may give a good result in the long term. For trading I am waiting for a set up, but I don't see where I can put a good stop. Stay tuned.

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#BTC #BTCETFs $BTC Hey guys. Despite bitcoin's turmoil this week, total inflows into the spot bitcoin ETF totaled 238 million. Are whales buying? Stay tuned.

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#BTC $BTC Be picky about smiles, sometimes they don't lead to anything good. Stay tuned.

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