$BTC This is just to remind you all that BTC began the month with a red candle and will most likely close this month of April with a red candle, which will be a first in 8 months if it happens.
So, trade carefully and mindfully and don't let FOMO drive much of your decisions.
Institutional players in the options market are ready to do everything to keep BTC below 72-74k. The lower the price, the greater the max pain they'll cause to long traders.
BELL token has been manipulated before and ever since Bella Protocol announced their integration with MANTA and the launch of their liquidity farming protocol that promises an immense 700+% APY.
Essentially, whales are staking heavy amounts to earn BEL token as rewards, then they're shorting BEL heavily in futures market to hedge their position and then selling the earned tokens in spot market once it's due for withdrawal.
This kind of manipulative behaviour has caused immense losses for small traders. Some people may never recover from such losses.
Binance is doing it's best to discourage this kind of behaviour by punishing the short sellers with a very high negative funding rate. But this is not enough. The funding rate ought to be at a minimum of -2% every 4 hours now so the whales shorting to cause losses for others can be discouraged from continuing.
If you must trade this coin please be well guided.
Keep your eyes on the funding rate. If it continues to be very negative then you can buy in spot or futures with low leverage cos eventually those whales hedging by shorting the coin will pay a heavy price and get discouraged and this will cause price to go up.
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Dear followers. SFP price has risen significantly but I don't think that we've seen the top of market yet within this period because whales are still buying heavily in spot market.
SFP can potentially reach as high as $1.08 so as to liquidate as much shorts as possible.
You can take a risky trade by buying or going long anywhere between 0.945 and 0.955 and your very tight stop loss should be set at 0.93.
$CKB Whales are still buying CKB massively in spot market while retail traders are shorting CKB in futures market using excess leverage.
Guess what's going to happen. Those shorts are going to get liquidated and they'll start crying that CKB is being manipulated.
Well, your business in crypto trading is not to whine about a coin being manipulated. Your goal is to follow the smart money and make money.
I already gave insight on a previous post on how the price movement of CKB is going to potentially play out. Read it and use it as a guide for your trading.
Whales have been buying CKB massively in the past 24 hours while small retail traders have been selling their holdings.
This behaviour suggests that price is going to go up significantly within the next 12-48 hours to liquidate over leveraged shorts positions, after which whales will start selling their bags
Price can potentially reach 0.02643 to 0.0289 to cause maximum pain for shorts.
Despite this, it's very risky to buy this coin now despite the potential to reach those high price levels because whales may dump suddenly and you'll be trapped in a losing position if you don't use tight stop loss.
If you must short this coin, wait for a very high price before shorting and don't use high leverage because you'll be liquidated easily.
Are you trading this coin? Share your thoughts and experience let's discuss.
It is yet to form a lower low on the daily chart. To form a lower low price will need to fall below $2. This cannot happen soon unless BTC price fall below $50000.
The long term support trendline for WIF is around 2.92.
Price will need to consolidate and form a double bottom around 2.92 for confirmation of another uptrend.
A rise above 4 is confirmation of bullish trend and this will see it go higher to test it's ATH of around 4.85.
If price manages to reach it's ATH again there'll be so much selloff due to the buyers trapped there.
Please be careful of meme coins cos in a bearish period their prices fall very hard.
I hope you listened to the WARNING I gave about PENDLE. As you can see, price has fallen exactly as I predicted.
Take note that there's a liquidity and liquidation trap up to $5.51 and prices may decline further to that price level to cause maximum pain to those who went long/bought the coin at the top.
It's never a good idea to buy a coin that has pumped.
Follow me and you'll never has to listen to fake predictions designed to manipulate you while actual data shows something different.
Before April BTC had 7 months of green candles. A record never seen before in all the years of BTC existence.
April is seeing a red candle, the first red candle in 8 months! Take my warning, April is going to close with a red candle.
Remember that lots of institutional players are shorting BTC in the options market to hedge their long positions.
If you the small players decide to contribute your liquidity to them they'll gladly take your money so that you can hold BTC for at least 6 months before you break even.
So be careful out there... Buy cheap and sell high.
$66k - $74k is not cheap compared to buying at $17k. If you did not buy during the bear market don't get sucked in now by the media propaganda that BTC is going to the moon.
I am bullish on BTC long term but I rather buy at a 30%, 50% or 70% discount. If you do the same you won't lose your money like I did in 2021 bull run.
This token is trading within an asymmetric triangle... A breakout or breakdown from this triangle accompanied by high volume could see a potential increase or decrease in price.
It's not recommended to buy now as the coin is currently overvalued. The MACD indicator shows a bearish divergence. In the short term (4-12 hours) price could fall to between 5.87 - 6 from current levels.
A break above the channel could push price up to around $7 before price drops back down.
In general we're likely to see the downside first to liquidate and grab the liquidity at 5.87-6 before we move to the upside, if BTC price does not fall and cause the overall market to fall more.
Please trade carefully and feel free to ask me any question.
Earlier today I posted a signal when ENA broke a symmetric triangle pattern accompanied by high volume.
True to my analysis, price skyrocketed and hit all profit targets, and even increased by almost 25% more above the maximum target.
If you made the mistake of buying at the top then it's quite unfortunate but there's certainly hope.
Presently ENA is overvalued given it's massive amount of unlocked token. Your best strategy now is to hold and DCA at good support levels and hope the project is good.
If you bought at 1.30, your next DCA area should be 0.6 or 0.81 is you're excessively bullish about the coin.
The coin may still surge upwards to retest 1.30 price level. It that happens before you get a proper DCA entry then close your trade to break even or manage small loss.
Again, this coin is highly overvalued because over 80% of it's token is not yet in circulation.
Those who follow me will always receive the best tips and strategy to navigate the volatile crypto market.
I'll provide update on the most mentioned coin in the comment section.
Profit target 1 hit... Please take profit or set a stop loss at 0.9175 to lock in your profit now... 1.24 million worth of shorts were liquidated at 0.94 to push price higher to first target... Those shorts are now acting as longs and they will either push price higher to the other targets or risk liquidations.
My followers receive only the best update to guide their trades.
Dear followers, the 12h timeframe paints a very important picture for BNB.
BNB broke below $560 and is now trying to stay above it.
Within the next 4-8 hours BNB needs to close and stay above $560 otherwise it's confirmation of bearish signal for BNB.
There's a lot of liquidity and liquidations around $563 to $575. In the short term BNB will rise to clear those liquidity and liquidate over leveraged shorts from $563 to $575.
Thereafter it will consolidate and find the next move, based on BTC's behaviour. Do you need an update for BTC as well? Let me know in the comment section below.
Please note that I love BNB and I'd love to see it go to the moon. I just have to provide this update to guide my followers and friends who are trading.
Please do your own research as well as the information I have provided does not constitute financial advice.
The XVG token price is rising and is now on Top Gainers page.
You probably missed buying this coin when the price was low so don't let FOMO drive you into putting your hard earned money into a coin that has pumped.
The price may surge upwards to liquidate and clear the liquidity at 0.01057 to 0.01099 but the fall in price is going to also be sharp and painful to those who buy in at bad price level and then don't take profit quickly till they're trapped in loss.
The best way to profit from this coin is to sell or short with low leverage once it breaks out and starts making new ATHs.
As I predicted earlier today BTC went up to liquidate and clear the liquidity at $69920-$70100 and has fallen back to retest it's previous low just below $69000.
If BTC should close the 4 hour chart (around 1 hour from now) below 69,000 then it's confirmation of bearish signal.
With this sign it is recommended to trade shorts only or take profit as soon as possible at any level above $69000-$74000.
A close below $69000 is confirmation that bears are now in charge of the market. In such situation, price may spring up to attempt a recovery but it will definitely go down again as smart traders take profit or close long positions to safeguard their money.
Note that meme alt coins will bleed the hardest during this temporary bear phase. So trade wisely and avoid using excessive leverage for futures trading.
I provide insights on trading psychology and tips to guide you on trading. Please do your own research and don't take my post as financial advice.
$BTC Dear followers, 20.3 million worth of short liquidations and liquidity are sitting at $69929 price area.
With BTC price currently around $67700 it is very likely that price will reach the liquidation area first which will trigger more upward price movement to between $70000 and $70100 where 13.35 million and 5.53 million worth of liquidations respectively is waiting to happen.
The only reason why long traders have not pushed price up to the above danger zones for shorts is because the funding rate is currently positive and a little high at almost 0.04%.
So within 4 hours we're going to see price reach those areas or consolidate around the current price and keep going downwards to squeeze more shorts and liquidate them.
My followers get regular updates on trading tips and psychology to guide their trades.
Let me know what coin you'd like to have analysed.
Please do your own research as this is not financial advice. Trading is risky so please protect yourselves always.
$BTC Don't catch a falling knife. A lot of short options lost money when BTC stayed around $70k on March 29.
Those same short options are back in the market to bet that BTC will be lower than $70-$83k at options expiry. These are institutional players with big bucks and they're ready to suppress the price as much as possible.
So, patiently wait till the sell pressure is over and BTC finds a level stable area.
I post regular updates for my followers so that they can better navigate the market.
Please do your own research as this is not financial advice.
Smart whales have stopped buying in large quantities after successfully pushing price up.
Now it's retail traders buying in small quantities from the whales who bought cheap.
This is not a good sign because those retail traders will provide the liquidity whales need to exit the market. They'll end up holding a bag of worthless tokens when the price crashes.
Please take profit when you see profit and trade carefully to avoid suffering heavy losses.