***BREAKING*** Most likely this uptrend in #bitcoin its just a #bulltrap . We have seen this movement before so be safe and stay sharp. There’s nothing positive happening as a possible driver for this value increase. This is not financial advice.
Last time we had this #bitcoin behavior we got to a bit above $30K and then a massive #dump followed. Be cautious as #bullish is still a strong word. Seems a bit overbought as a market… We will see soon. Do your own research. I’ll never provide a financial advice.
#bitcoin is looks manipulated right now since the rate increase (highest in two decades) is not good news. While #FED chair was trying to sound positive, price increase in #BTC seems to be a manipulation to gain value before dumping below the $29K level. My opinion is we will see the #bearish trend confirmed within the next 24 hours after market manipulation ends. Do your own research and #HOLDing during #FOMC days is always a good idea. Unless you are a very experience traded, you may try #scalping.
#bitcoin manipulation continues to push its price in a #bearish direction. This most likely will continue today pushing its price to $29,500.00. #altcoins. will follow so no panic. Large investors are pushing value down to be able to join at the entry level they want (possibly below $29K). This is not exclusive to #BTC nor #crypto only. This happens in #Nasdaq and major stock exchanges. In times of uncertainty, HODLING is the best strategy. However, nothing is bullet-proof. Do your own research and make your own decisions.
We seem to be into the #redbox again. #bitcoin returned to its prior level after the #XRP resolution. #BTC is still heavily manipulated by large playes (AKA “Whales”) creating fake “pumps” by using a “buy to sell” strategy. This causes smaller investors jump onto the fake bullish train and buy at higher price, then once #whales dump their share of bitcoin price starts to significantly drop creating panic among smaller investors and resulting in large sales of bitcoin causing temporary crashes. When price dumps enough, whales buy again and take their profits while not only holding their original #crypto but also increasing their holdings. This works everytime. Sunday dump is just around the corner. Not financial advice of any kind.
D-Signal #3 of the day: Confirmation of prior signals showing today’s #bitcoin appreciation where mostly driven by speculation and not true events, causing #BTC trading back again in the low $30Ks. In situations like this, it is usually better to stay away the “Buy to Sell” strategy from large whales working the market to buy your bitcoin cheaper.
D-Signals: It seems we will see a correction back to below $30,500.00 today after the #bullish sentiment settles down and #bitcoin goes back to their previous state. Lots of noise due to media outlets talking about #BTC and the #SEC but nothing is clear yet. Decision has not been made so we all need to wait.
Current #bitcoin price surge seems to be in response to just speculation about the #SEC and possible approval of the #BTC spot #ETF but… still important to be careful as this could lead to a “dramatic” drop to the mid $29Ks if the SEC does not soon approves the ETF applications. Stay alert, do your own research, and don’t panic.
A possible #bitcoin correction (in addition to tonight’s one) may be coming. It’s not uncommon to see these after the #FED releases their #FOMC Don’t panic, these normally take a few days and then return to similar value. Do your own research.
#bitcoin remains the best option for people to invest and fight #inflation . However, #scams continue to be a concern, particularly for new users and adopters. #cloudmining seems to be one where companies like “Happy Miner”, GPT Miners, CAMining, Hash Miners, and similar, are taking advantage of people by promising high returns with daily payouts. #Binance continues to be the best option to do cloud mining sincr your funds will be safe. Just take a look at how companies like “Happy Miner” operate and scam people in their Trust Pilot profile:
https://www.trustpilot.com/review/happyminer.us
Share and let family and friends know to stay away from companies like those. Let’s keep building together!
Follow me for tips and information about #crypto . I’ve been here since 2016 and we all need to learn from each other. #crypto2023 #binancefeed #binance
While #bitcoin is moving up for the last couple of days, and of course it’s a good sign, remember corrections typically come after “pumps”. Always invest money you are willing to lose and never your rent, or day-to-day money. #crypto keeps gaining terrain and adoption is moving forward. Do your own research and be patient.
#bitcoin is entering a new zone. Most of this uptrend seems to be coming from #ETF fillings in the U.S., however, we need to be cautious about that since prior #ETFs were not approved and while that doesn’t mean these new ones won’t get approved, we could still see that happening and that would push #BTC back to $27K-$28K resistance level.
(2) price by selling high and buying low. Stop panic-selling everytime they do this. It’s part of their game. Remember, always do your own research, don’t trust instagram, facebook and tiktok “master traders” as they just want to make money, don’t care if you make or lose money.
(1) #bitcoin keeps facing adoption resistance, which will typically be a positive indicator since it means banks, governments and international institutions understand how #cryptocurrency has no need nor use for them. Also, #whales will always do their best to manipulate
#FED raises interest rates in 25 points to 5.25%. While this was expected, it will be a bumpy wednesday and rest of the week. https://www.federalreserve.gov/newsevents/pressreleases/monetary20230503a.htm
It’s not uncommon to see #whales playing with #bitcoin and getting some profits, causing temporary spikes, during low liquidity weekends. Support line seems to be around the $28,800 USD. NFA. I’m staying away until the support level is confirmed. #HappyEaster
Holding #bitcoin is always a good idea. My portfolio includes: #bitcoin #Ethereum #dogecoin #SHIB and #XRP. This is not advise, this is just what I hold. Hope everyone enjoys a nice springbreak!
Thanks to each one of the 100 people following me! It is appreciated! This will be an intestesting weekend. While normally Thursdays are “bear thursdays”, #bitcoin keeps holding the $28K support line. If history is any indicator, that should be good news. NFA. Happy #SpringBreak