Stop believing every news or post you hear about candle movements of $BTC
Trading is not just a presumption based in movements of someone's wallet or a dormant amount sleeping for so long has moved whatever.
Trading is a cycle. It's a wheel. What goes up must come down and reverse.
Hoots posting that the movement because a wallet has been like this, an account has been like that is a manipulator trying to suade gullible traders to go along their desired pattern to gain profit.
Example?
Person 1 wants to move a coin up so what he will do is post that a large trader will buy a large amount of this coin, hence, the gullible hoping to go with the gain buys the same and the result? Multiple buyers of coin raising the candle. Hence, person 1's way to manipulate succeeds.
Is this good trading? NO. Why? Because it's a fact that technical analysis of charts are much stronger than these manipulative traders.
Say yeah it goes up like as posted but the span how this trend last is not supported by analysis therefore, can crash 2x or 5x of what you just gained.
Worst is, the manipulator knows this and exits the trade before it happens and leaving the gullibles at loss.
It's like charity to manipulators and you're doing it willingly with your money.
With the on-going consolidation of BTC, it's already a signal that it's trying to maintain progression but is already failing. Trading is a cycle and we all should know that once a coin hits ATH, it's bound to correct itself. It's a cycle no one can deny. It may not go back to it's lowest value but at some point it will find it's new support to find a new resistance and ATH.
For those still holding, let it go. Accept the loss and wait to bounce back before you gain further losses. Trading is not gambling. It's a cycle we have to master. We trade to earn consistently and not to gamble our money away.
For scalpers, it's best to go bear. For those who are not comfortable trading in bears, find a good position for small pumps.
For spot traders, wait til your coin dumps and enter in the consolidation period where you find the support value of your coin again.
As BTC is a major coin, all coins follow its movement as well. So, if it's going for it's correction already, expect all coins to follow.
Mask had been pumping for quite a week now and had reached its resistance. It will now move to create a new support hence, a bearish movement.
After the dump will be a series of consolidation which might take a while again before we see a good indication of a bear or another bull season.
But for now, it's already drawing it's way down and finding its support.
Be cautious on this consolidation season and time to practice patience. If you will trade, make sure to trade with trend indication to secure a sure profit.
Trader Tip: When trading, also check the stretch and not just going for the pumps. The market esp. BTC has already a long stretch gap that will soon need to reverse. It's a cycle all traders should simply know by logic from the start.
$BTC $MASK $ETC is just one of them.
I was mocked because of my forecast. Who's lost his mind and got slapped in the face now? :)
I've known the market for a long time now and I know more than just assuming candle movement through other trader's word of mouth.
we traders should know much better to make technical analysis on the coins we hodl. Support our positions with indicators and follow each coin indications as it is and not simply trade and trust words of mouth without justifications.
We trade to earn not lose.
Happy trading everyone!
For bears, ready yourself âš
For bulls, take this last pump as a risk and be cautious of the extreme reverses. Best to take the profit now and go rest and wait for your next positions.
For bearbulls and scalpers, go for the win! đŻâš
This happen earlier than anticipates and can go long surely for the next two days until it reached back to its support. During this period, take the opportunity to gain by shorting and wait for its reversal again.
We traders understand that trading is a cycle of shorts and longs and now the candles are moving as how it usually goes (cycling)
It's now time for the bears to trade and for bulls to rest.
For the bulls, congratulations on the gains and wait for the next reversals.
READY for #DUMP MAY be in first section Today or may be in second..... 65% chances for DUMP... 30% chances for pump... So let's see what happen..... DONT get panic it's just a price settlement...... #Write2Earn #TrendingTopic #PIXEL!
Dont be one of the "nah, i'll pump just one more" and the dump hit you. Take profit now and reverse your trade. Listen to the indicators.
LIVE
CryptoMaestroking
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Bullish
đŽAll savvy investors who don't get carried away with Bitcoin tricks must have discovered that the bear market is already here and has crippled the majority of Altcoins, which is why 80% of them reacted badly to the performance Bitcoin at 56k. Bitcoin is looking for investors to trap right now, we need to be careful and shrewd.
đĄDon't let Bitcoin's current position allow you to safely invest in any coin. As I said before, this is the last phase of this bull market, and they are trying to trap us in our own nightmare of having our funds trapped. BITCOIN IS LOOKING FOR INVESTORS TO TRAP MONEY!!!
đConserve your funds and don't fall into this trap because the Dump will come fast and hard. Don't assume it will always taste sweet, don't fall for these Bitcoin schemes. The last Pump should teach you better. Conserve your funds enough because this is going to be very reddish soon and quickly.
â€ïžI see many investors getting trapped in this maze very soon, read every position before acting now, Bitcoin has nothing to do with 56k at the moment, but breaking this barrier without taking Altcoins with it is very suspect . we are standing on flowing sand, every movement you make now must be calculated.
â€ïž If you found this helpful, please consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content. đđż
Okey, Here is my take on the market the upcoming 72 hours: We all had been hyped on #BTC Pumping non-stop, but you know what! I hate to be the one bring this to you, it's ending soon.
Let me take you on some of the reasons why i think 29 Feb 2024 will be a very very Bloody and Ugly day for the market if not one of the worst days during the whole year of 2024.
1st Reason "BTC Dominance" BTC.D chart is Reaching a critical level @ the 54% dominance of total market value. This squeezes Altcoins and BTC can't keep eating up all the new money being pumped into the market.
2nd: "Pump pump pumP" Yes, pumping too much is a reason to be afraid of a possible Major correction ahead, Why? Because just like yourself, if you climb the stairs of Burj Khalifa, How many floors will it take you before crashing down on your knees? BTC had been pumping with a staggering 36% increase in Feb, that's a lot! No i really mean it, it's a lot.
3rd: "Unlocked Alts" Lots of Altcoins unlocking on 29 Feb -Read my recently published post regarding Unlocked Altcoins-, this suggests a moderate to huge selling force coming that day.
4th: "News" Some recent bad news surfacing (such as: Bitfinex exchange suspending withdraws, XRP new law suit.. etc) Market sentiment to invest is declining.
5: "Profit taking" Yes, you keep asking your mentor "What is TP? what is TP, sir?" Well, here is your answer. Big whales are hungry and will start eating their lunch.
6: BTC volume declining notably, suggesting a move is near.
7: 1st of March will be a Friday. "remember the scary movie Friday the 13th? well this is Friday the 1st of march"
8: what comes up must eventually comes down.
9: Bitcoin reaching a Major resistance @ 58,000
10: USDX "Index measuring the strength of the dollar against 5 foreign currencies" closed the daily time frame with a doji candle suggesting a rise in interest in the coming few days on the dollar, and as you may know the rule = Dollar moves up, BTC moves down.
Final and last "11th": "Rate cuts" First rate decrease will most likely occur @ the end of July.
âïž Today, the figures on the liquidation of future holders are frightening, even terrifying. Look closely at the photo after #BTC surpassed $57 thousand. 90,282 traders were liquidated and over $315 million was liquidated, including $181 million for short holders and $134 million for long holders. âïž Imagine a trader who lost $10.37 million in an #Ethereum(ETH) trade. Unfortunately, he entered against the general direction of the trend and went short. đą Dear Future, this is a holocaust of your money, it's just a gamble and a bet on the price. Spot trading is better for you and don't enter against the general direction of the trend. The trend is on the rise, my love. #Write2Earn
One last pump fro $BTC and a big dump will happen. Best to scalp short when the dump happens and it is expected in a few hours.
Reminders: Dont forget to take TPs and SLs âš
During this correction, it is best to scalp short as this will greatly affect nor only BTC itself but all coins as well as most coins rely on BTC movement.
Suggestions: Watch for
Watch your positions, traders! Any moment the dump will happen.
Happy trading! đŻ $ETH and $MASK too as they're one of the coins who will experience big dumps in a few hours.
#Write2Earn Bullish trade for MASKUSDT. Take position til 4.15 âš(as of today)
Been using this coin ever since its launch and been doing my trades only using this coin. Believing on the mastery of movement of one coin to determine its move and guarantee a sure profit, this helped my focus and assures me good trade.
Use darvas box, RSI and MAs or as indicator.
For scalpers, use 1hr, 15min and 5min timeframes and trade within your darvas box for sure and safe positions.
Been doing this for quite a while and guarantees a profitable trade. Just be sure to enter a position (be it short or long) with support of your indicators of your choice.
Reminder1: Always support your trade with indicators to prevent loss and guarantee a positive trade! Also be mindful how volatile cryptomarket is. Nothing is 100% guarantees.
Reminder2: It's also safe to check Bitcoin movement as most coins also rely on its movement. When it goes up, the rest goes with it. If it goes down, the rest also fall.
Reminder3: Dont forget to adjust your TP and SL đŻ