●●ARE WHALES CREATING A TRAP BEFORE A FINAL SHAKEOUT ??
In The Last 24 Hours We Have Seen A Dramatic Upside Movement For $BTC And Liquidate Short Sellers In The $ 59,500-$60,500 Area.There Is Not Much liquidity Remain On The Upper Side Area ($ 60,500-$ 63,000). In The Other Hand There Is A Huge Liquidity On The Down Side Area ($ 53,000-$ 55,500)
There Is A Great Chance For Whales To Create FOMO And Dump On Retail Traders.
●●There Are Notably 4 Reasons Behind This Possibility. All Pictures Will Be Given Below.
1:- We All Know That Historically SEPTEMBER Is The Most Bearish Months For Crypto.
2:- Highest Number Of Companies Filled Bankruptcy (452) Year Till Date. After 2019.
3:- Huge Liquidity On The Down Side Area($ 53,000-$ 55,500)
4:- Whales Are Transferring Huge Amount Of $BTC &$ETH From Unknown Wallet To Exchange.
●● DISCLAIMER :- THIS IS NOT A FINANCIAL ADVICE, I'M NOT A FINANCIAL ADVISOR. PLEASE DO YOUR OWN RESEARCH (DYOR) AND TRADE CAREFULLY.
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#BTC☀ ✅ Spot ETF issuer Bitwise graph showing how #Bitcoin is the world's best performing asset.
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$ETHFI Is Consolidating In This Zone ($ 1.30-$1.70) Since August 5 But, RSI Is Showing Strength In Favour Of Buyers.If We See A Small Move From $BTC Towards Upside Then $ETHFI Will Be Unstoppable.Because We All Know The Potential Of This Token.
Disclaimer:- ●THIS IS NOT A FINANCIAL ADVICE, I'M NOT A FINANCIAL ADVISOR.
●DO YOUR OWN RESEARCH
(Please Do Like, Comment, Share and Follow Me If You Think These Information Are Helpful To You Guys.Please Support Me and I Will Update You With Every Informative Content.)
$BTC Dominance rejected from strong resistance level which is approx 57.50% and next support is approx 55%.It is very important for ALT Coin rally. If $BTC Dominance continue to fall towards 55% level and $BTC price increase slightly then we may see a good rally for ALT Coin.
$BTC is respecting this channel area so far. If the channel support breaks then we may see a retest of the horizontal support line which is $50,000 mark approximately.