šØšŖšŗ Breaking News: European Central Bank President Christine Lagarde has made it clear that Bitcoin won't be joining the EU central bank reserves anytime soon š«. According to Lagarde, reserves need to be liquid, secure, safe, and free from the taint of money laundering or other illicit activities š¤. This statement comes in response to the Czech central bank governor's suggestion to consider adding Bitcoin to their reserves š¤. #BTC
$SPELL /USDT Short Trade Signal!š„šÆ Current Price: $0.0017223
Trade Setup:
Entry: Short between $0.0017200 and $0.0017400
Target 1: $0.0016800
Target 2: $0.0016200
Stop Loss: $0.0017600
Risk/Reward: ~3:1
Trade Plan:
$SPELL has shown signs of rejection around the $0.0017400 resistance level, with bearish momentum building. Enter short positions between $0.0017200 and $0.0017400, targeting support at $0.0016800 and $0.0016200. Set a stop loss at $0.0017600 to protect against a breakout above resistance.
Market Insight:
There is a strong bearish divergence at current levels, and volume has started to decrease as price tests resistance. A drop below $0.0017000 will provide further confirmation for a downward move.
Pro Tip: Keep an eye on volume for increased selling pressure. Consider taking partial profits at $0.0016800 and adjusting your stop loss to break even for the remaining position as price targets lower levels.
Well, doesnāt matter to me, there is no way a sudden 40 billion volume in one day isnāt correcting + there is no more money up, it depends exclusively from more input, its going back to at leasr 0,032 before growing again.
If thats not whats going to happen, buy it, buy a lot of it, because there is something going one behind the courtains.
(Ps: Check the daily graphic and you will see that this is a very normal behaviour for this coin)
Well, doesnāt matter to me, there is no way a sudden 40 billion volume in one day isnāt correcting + there is no more money up, it depends exclusively from more input, its going back to at leasr 0,032 before growing again.
If thats not whats going to happen, buy it, buy a lot of it, because there is something going one behind the courtains.
(Ps: Check the daily graphic and you will see that this is a very normal behaviour for this coin)
So, apparently $BTC went for the money but looks like that the people who was BTC long from 98k are powerful enough to reject the liquidation (justifyng why trump and microstrategy injected almost 1bi dollars on the market today)
So BTC should make a quick trip upwards to 106-108 and then we will may see some hot news coming up from the whitehouse that would start the next bull run before they dump it all at once at some point.
We will keep looking, I will keep you guys aware of what is going on.