Blessed to be recognized by Top Crypto exchange Binance two years and we got 3 Awards
I wouldn't take any credit because it wouldn't be possible without your love and support and i would like to dedicate these awards to my followers. You all are like my family. ❤️
I will continue to bring value in your trading journey.
Trump Announced CRYPTO STRATEGIC RESERVE | Bitcoin Pumped Hard What Can We Expect Next?
Crypto market was showing weakness and Trump dropped the bomb on Bears. He made a post that US will consider adding Sol, Xrp, Ada, Bitcoin and Ethereum into strategic reserves. Bitcoin and Ethereum pumped over 10% , Sol did almost 25% , Xrp did over 30% and the biggest gainer was Cardano with ove 70% move. Isn't it funny how just one post move the whole crypto market? Just one post nothing actually implemented yet. Well that's the beauty of the crypto market, when it moves it can move hard.
I saw a post circulating earlier today that someone opened 50x leverage position worth $200M Long on Ethereum and BTC.
His Ethereum entry was $2196 BTC entry $85880
A 50x leverage means -2% move in market and the position would be liquidated.
After these trump posts and the Crypto pump. I now think maybe this guy knew something that we didn't. How someone can risk millions while everything was clearly heading down.
Bitcoin bounced from 78,200 while many were waiting for 77k and 75k to buy.
Do you know why that happened? Why the market didn't drop $1,200 more?
It’s because the market never does what everyone expects. The majority will always be wrong, which is why most people lose money.
Now, the market is squeezing late shorts, liquidating them, and once it liquidates the majority of positions, people will start calling for a bullish move again. That’s when it will likely head back down.
This happens always, and the market will continue to do this forever.
When majority of the traders are expecting the same move. Be scared
Bitcoin monthly closed and in my opinion it's not really a good close. Price closed below the key $91k low on monthly. It's important because price was holding well above it and we saw it on weekly/daily charts.
I also want to share something about the monthly chart. There haven't been a single monthly candle that close below an important monthly low since $BTC market $16k bottom.
This is the first monthly candle that closed below the low. As long as we don't see monthly candle going back above $91k-96k i think monthly chart is not that good as it was.