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I will hold the position until the first big purchases, then I will look for a profitable entry point into shorting again, and if we break through with a large volume to sell, I will increase my leverage and add coins to the position.
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The mood of the stock exchanges has changed, news expectations are too high. The first major sales started after 3 weeks 😬
We are holding the interest zone from 50k for the sixth time, with a further move higher, but the strength of purchases is no longer the same... If there are a lot of limit orders to buy in an interesting zone - they want to break through and liquidate, we will definitely see a large volume of drain.
Over the past two weeks, more than half of all new inflows into the top cryptocurrency have come through BTC spot ETFs. The only exception is the Grayscale Trust (GBTC). However, outflows from it decreased several times. Black rock, after all, I was wrong when purchasing - that they would not buy in the high area. The question that interests me is whether they will speculate with them or is it a hold.
The first small sales appeared; on the daily dynamics among the exchanges, bears prevailed, including the main exchanges. The news is spreading in a positive way. The price in the high area and the ratio of rise and fall from high to low are on average overpriced.
In the futures trading market, problems are an inevitable factor and high risks, especially when working with leverage, can be painful. I continue to be short and the market is punishing me, but things can change very quickly. Not exceeding your capabilities, maintaining discipline and taking risks is also a skill. If you decide to invest, invest only what you can, afford to lose and take responsibility for your investments without shifting the blame to others, it’s psychologically difficult.,,Financial literacy,,
The first sign that you don’t need to buy is when you see that opinion leaders write celestial forecasts, try to impose a feeling of greed and drive them to buy, while they themselves unload on their audience 😬
I already wrote what the goal of a major player would be, and that’s what happened, I pulled the price to the high and broke through a large volume, now the question is whether we can gain a foothold at this level and there will be more purchases in large volume, from this we will know where we can possibly go.🤔
Even on weekends, when there is usually no movement, a large player buys and tries to maintain a Long mood, but the volumes are already smaller. Exchanges are also more inclined towards Long. But I haven’t seen any trigger news. Usually top opinion leaders shout that Beethoven will be at 100 or even 1 🍋$ is the first of the signals for a possible reversal, but silence.
If a player pulls prices to 49-50k and breaks through with a large volume + gains a foothold and holds positions, then I was wrong and the global drain has not yet arrived, the market will punish me for my opinion and short position🫠
The last purchase volume is just off the charts, it’s clear that they wanted to break through the price value, but they couldn’t hold the price, we are approaching the previous high where there should be a lot of sales. We are waiting for trigger news🤫
Let me remind you that Bitcoin does not have a single MM that cuts everyone’s hair and even a major player can be knocked out.
Let's start with the signals: they bought well and collected short liquidations, but they could not raise the price of btc. And the goal was clearly to reach at least the previous high.
Open interest is high during the day, and this is the moment when you need to unload your positions. As they say, sell high, buy low.
On all exchanges, volumes are currently underestimated and small players do not want to buy at all.
There are no news triggers except Obama and the imminent halving. - which is bad for miners - I think they will soon start going into cache to support their needs.
The weekend is ahead and usually at this time there is a lot of rest and there is not much traffic.
The scenario may be different, or the player will somehow knock out more short sellers on the weekend, usually this happens at night and will accelerate the price. Or someone will push this player and we will fall below 45k. Our tool showed that over the course of a week, a lot of btc were transferred to the exchange in small parts.
I've been waiting for a long time for a major leak followed by trigger news. What do you think?