#BTC🔥🔥 #BTCUSD $BTC #ETH #Ethereum
Watching your hands
In my last review on the 8th I wrote the following:
“At the moment, I think the same - they will give 36,000+, regardless of where. I will interpret this movement (AT THIS MOMENT) as the finale of the hand, a short squeeze, planting longs for a breakout and, against the background of this, a decline to 29600-31000.”
Without any alternative, at 35250 he indicated where Bitcoin would go right at that moment - at 36000+
What did we see as a result?
Strong exit at 38,000, rollback, and - going into correction
Short squeeze received, as I said
Argument for short - received as desired
Magic? No, just a combination of fundamental analysis, technical analysis, logic and intuition 🤷♂️
In the channel's story you can see how we took shorts with the guys in a closed channel, fixed the shorts, opened a long position for the rebound (for which, by the way, at the moment of reaching plus, the stop was shifted to breakeven)
In the medium term, I definitely expect the correctional movement to continue. That is, a decrease
But no one is stopping you from working within a medium-term downward trend and catching small rebounds
Simply summarizing Bitcoin, I can say the following - we are following the scenario, the local distribution block has been reached, continued decline is a priority (not without rebounds), we are aiming for block 29600-31000, we are going to plant bears and plant bulls 🤷♂️
Can we give a local break? Can. But in the medium term I’m looking forward to a change in mood, a cooling of sentiment, the bears’ last hope :)
#altcoins
I’ve already described it to the guys in the trading channels. Ok, I'll write it down for you too
The levels to which Bitcoin will reach are not as important to us as the dynamics with which it will move to these levels
That is, obviously, if the cue ball falls by 30K in one daily candle, it is obvious that altcoins will fall by 20-30%
If Bitcoin continues to decline for a long time and slowly, this does not in any way contradict the likelihood of continued growth of alt.
Let's look at the broadcast. The ether will fade more than the cue ball. And in general, usually within cycles it comes AFTER Bitcoin
That is, we can allow a shift in focus from MTC to ETN, a flow of liquidity
In order to equalize the market balance and catch up with the cue ball, ether needs to come to 2600-2800
Ether will become a trigger for viola movement
If the broadcast arrives at 2600-2800, there will be a lot of alta internet
Therefore, I would like to summarize the review with the following theses:
- according to the military technical cooperation - I’m waiting for the decline to continue
- according to ETN - I’m waiting for growth
- for altcoins - I’m waiting for growth
Actually, as I wrote earlier, I will consider the correction not as a reason to exit, but as an opportunity to enter
That is, in many ways, as I wrote to the guys in closed channels, it’s time to look for entry points. And don’t fall for the intimidation of manipulators and go out to save at least something 😈
https://www.tradingview.com/x/niaE2BPn/
