Last bus to Finisterre!! $BTC #bitcoin If this is indeed a re-accumulation and the price is testing the spring, we are in the last moment to enter the market at a cheap price. Once it enters 92K, it will go straight to 110k without stops. Tickets, tickets...
manipulación fueron las ventas que bajaron el precio a 78K, y se llama spring de una reacumulacion. nos vemos rompiendo los 110K
Man on the AI rocks
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It looks like manipulation...
That looks strange… To me, it reeks of manipulation. I don’t believe that Trump, who recently claimed to know little about his own meme coin, even knows about coins like Cardano or Solana. It looks as if someone else wrote this for him and overstepped their authority by listing coin symbols, which they shouldn't have done! This is an obvious abuse and market manipulation. That later addition about Bitcoin and Ethereum (an hour later) is telling. It suggests that someone went too far with the message targeting specific coins and then tried to soften it by Adding something in that style: Yes yes easy easy, of course, the two largest cryptocurrencies too…” and mentioning that the reserve would also apply to other valuable cryptocurrencies...
Conclusion: The Trump era is an era of market manipulation. We will never know when one of his cronies gets access to a Trump account on social media and sets themselves up for a golden opportunity by influencing the market. In times of manipulators like Trump, Elon, and Vance, one must be very cautious... "Truth."🤦
One day you will wake up, look at the charts, and see that the price has risen by 5%, then excited, you will want to enter, and the price will pull back by 3%, making you fearful and wanting to sell. The next day you will see that the price has risen by 7% and the same thing will happen to you, unless you set aside your emotions...
I come to share my analysis following the Wyckoff method of the current price moment. We still have to see if we are at the beginning of distribution (price to fall) or approaching the end of reaccumulation (price gaining momentum to seek 110K) Reasons why I trust in reaccumulation: - Volume structure: in distributions, volume tends to grow strongly. However, here we only see a significant growth (and quite lower than other moments) in today's candle. It seems more like a Spring than a range breakout. - Price structure after the UT: It seems more like a creek than an LPSY. The price never tried to go back towards the BC, where sales would make more sense.
What would help us validate the reaccumulation hypothesis? - Break the SOW barrier. - Close above the AR.
What would be our entry point? - The price retraces from above the AR to the AR/SOW (Test). (The entry will be between 89100 and 91500) - SL: the minimum that occurs now: Currently, 86020. - TP: The UT, 110000.
Today's crash is not a crash, and it was covered by Wyckoff 100 years ago, you just have to review the daily chart and volume diagrams and you will realize where we are.
Cryptic Explorer
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just when I think it can't get any worse, it does ... today's crash is covered under no Technical Analysis ... Apparently, the earlier 1.5 Bn crash was not due to hacking on Bybit, but it was stated only to conceal this current crash so that small traders don't exit from the market when they had a chance