CPI announcement nearing and market manipulators had starting their actions in crypto market despite DXY data still showing downtrend, don't fall into it and get PANIC, selling in loss
In this time I'm recommending you to watch https://www.coinglass.com/mergev2/BTC-USDT-SPOT and you will know why I wrote "market manipulators in actions"
What I think about CPI UPCOMING NEWS for CRYPTO MARKET ?
After yesterday PPI & Powell speech just like I had predict will not make much volatility in crypto market but there is some manipulators trying to create it if you had watching yesterday #BTC order book
Today CPI will be announced in few hours but DXY chart showing a downtrend which I think CPI announcement will not make too much volatility because there is correlation between DXY movements and crypto market but still manipulators will try riding it again to create FEAR in crypto market just like what happened yesterday, May 14'2024
Just #HOLD and don't sell in panic when market manipulators in their moves until its ended because BTC will still moving up to visit $65-$66k
For now #FLOKI and #PEPE will not have much movements anymore and will only follow BTC movements because it was already in bullish movements but you can bet in #BOME which is not in bullish movements yet
Yesterday #PEPE had reach new ATH and following #BTC movements will keep moving up while #FLOKI had already in bullish movements from 0.00017 to 0.00022-0.00022 (4000-5000 points increase)
BOME had reaching 0.011700 before going down to 0.010051 because of FAKE NEWS and right now when this post being written had moving up again reaching 0.010500-0.010600 and I think its just a matter of time BOME will follow FLOKI and PEPE getting in bullish movements
If you dare to make speculations and invest in BOME right now you may gain more profits compared with FLOKI and PEPE that already in bullish movements
DON'T MISS THE TRAIN
Edit : I had all in for BOME with investment around $3000 ✌️
I had predicting it since May 10'2024 but my prediction lagged because market manipulator had playing with market psychology to create FEAR riding upcoming news despite all the data I had analyze telling me there will be not much difference with upcoming news as you can see DXY still moving normally ( see my other posts about this) and greed index had moving up 10 points from 56
#FLOKI had starting bullish movements when #PEPE already reach new ATH at the moment but I'm sure it will still climbing up following BTC movements
#BOME still waiting for it bullish movements but I think BOME recent price when this post being written is still good to make entry now because it will follow FLOKI and PEPE in the end so don't miss the train to GAIN PROFITS from BOME
Don't miss the train like when I said to buy while BTC price still at $57k because BTC will still need to visit $65-$66k for profits taking and liquidating long holders at that range also beware with FAKE DUMP by market manipulator when BTC moving up to $65-$66k
In the process at $65-$66k there will be big dip and maybe market manipulator will try to riding it too but if buying orders can filling the gap I suppose the dip will not causing BTC price down lower than $63k
As always DYOR
God bless
LIVE
NaYo
--
#BTC Today Analysis & Predictions May 14'2024
In my last post I had wrote that data had fool me but now I realize data had never fooling me, market manipulator does
Since my last prediction at May 10'2024 about in the weekend we will see bull movements for #BTC and we had seeing it with high volume of buying orders after the last big dip but I do not expect GreyScale ETF will made very big outflow that preventing BTC to climbing up easily even it had made BTC to touch $60800
For today analysis, since weekend until yesterday May 13'2024 I had watching DXY chart and it seem there is not much fluctuations in DXY chart for the upcoming news if compared with the time when The FED will make official statements so I will still stick with my last predictions that I had made at May 10'2024 also there is some whales who start pumping #PEPE and #FLOKI yesterday while #BOME still in waiting mode for it turns
Why BTC still need to visit $65-$66k because every holders that had accumulating BTC from $61-$63k need to make profits so we may see some profits taking at that range and if BTC can holding it with same or even larger buying volume then for sure BTC will continuing to climbing up as we all already know mining costs had reach $82k in average but if buying volume at $65-$66k can't filling the gap then big dip may happened to $63-$64k range
Just keep in mind, in the process of BTC climbing up to $65-$66k range there will be profits taking from short trading that may cause small dip and market manipulator trying to make FEAR but do not FALL into it, just HOLD, DO NOT PANIC and if you have more spare money to spend buy more because real dip in my opinion may happen when BTC reach $65-$66k
In the end based on the data I had read from Saturday-Monday (May 11-13'2024) there will be not much volatility in stock market or crypto market except for profits taking actions which I think is normal
Just in and with this speech I suppose we may see #BTC going bullish soon and market manipulator hard try will go in faint and you who still waiting BTC going back to $60k or even lower will miss the train
Winner always take risk but not blind risk
LIVE
CrypticNews Hub
--
POWELL: IN OUR ECONOMY, THERE IS A VERY STRONG LABOR MARKET.
FED'S POWELL: THE U.S. ECONOMY IS DEMONSTRATING EXCELLENT RESULTS.
FED CHAIR POWELL: CONSUMER SPENDING AND BUSINESS INVESTMENTS ARE AT A HIGH LEVEL.
POWELL (FED'S): WHILE MANY SECTORS STILL FEEL THE LACK OF LABOR, OVERALL IT'S A GOOD PICTURE WHEN LOOKING AT THE CURRENT U.S. ECONOMIC DATA.
POWELL: THE LABOR MARKET IS CURRENTLY SIMILAR TO WHAT IT WAS BEFORE THE PANDEMIC.
FED'S POWELL: THE LABOR MARKET IS GRADUALLY RETURNING TO A BETTER BALANCE.
POWELL: WE DIDN'T EXPECT A SMOOTH PATH FOR INFLATION, WE MUST BE PATIENT AND ALLOW POLICY TO DO ITS JOB.
FED'S POWELL: INFLATION IN THE FIRST QUARTER WAS NOTABLE FOR THE LACK OF FURTHER PROGRESS.
POWELL FROM THE FED: SIGNS OF A GRADUAL COOLING IN THE LABOR MARKET ARE OBSERVED, WITH SUPPLY AND DEMAND COMING INTO BALANCE.
POWELL: MY CONFIDENCE THAT INFLATION WILL DECLINE AGAIN HAS DIMINISHED.
FED'S POWELL: WE EXPECT THE LABOR MARKET TO CONTINUE REBALANCING BUT TO REMAIN STRONG.
FED'S POWELL: WE EXPECT CONTINUED GDP GROWTH, 2% OR HIGHER.
POWELL: WE DIDN'T EXPECT A SMOOTH PATH FOR INFLATION; WE MUST BE PATIENT AND ALLOW POLICY TO DO ITS JOB.
🆘POWELL: PRODUCER PRICE INDEX DATA HAS PROVEN TO BE VERY AMBIGUOUS.
FED POWELL: I WOULDN'T CALL THE PPI READINGS HOT, BUT RATHER SOMEWHAT MIXED.
🆘🆘🆘POWELL ON WHETHER INFLATION WILL BE MORE PERSISTENT: THE FED CURRENTLY DOESN'T KNOW.
🆘🆘POWELL: RESTRICTIVE POLICY MAY TAKE LONGER THAN EXPECTED TO DO ITS JOB AND LOWER INFLATION.
POWELL: TIME WILL TELL IF OUR POLICY IS SUFFICIENTLY RESTRICTIVE.
🆘🆘🆘🆘POWELL: I DON'T THINK THE NEXT STEP WILL BE A RATE HIKE. IT'S MORE LIKELY THAT WE'LL KEEP THE RATE UNCHANGED.
POWELL: THERE ARE DELAYS BETWEEN MARKET RATE CUTS, AND IT'S TAKING LONGER THAN WE THOUGHT TO SEE THE EFFECTS.
FED'S POWELL: INFLATION IN THE HOUSING SECTOR HAS BEEN A BIT PUZZLING.🤣
🆘POWELL: I'M CONFIDENT THAT WE'LL ACHIEVE OUR GOALS.
POWELL: INFLATION IN THE NON-HOUSING SERVICES SECTOR MAY BE THE MOST PERSISTENT.
With upcoming news about US CPI & Powell speech soon and despite DXY chart showing in downtrend, crypto market has been manipulated which we can see from BTC order book where we can see large & medium selling orders has been successful take BTC price down from $62k range to $61k range and the rest of the market still waiting what to do next
Since 8 hours ago there is battle between buying orders by speculators who dare to take risk and selling orders which I believe is done by market manipulator for creating FEAR to the crypto market riding today news even when I had already mentioning it in my previous post that DXY don't have much movements compared when The FED will make official statements a week ago
This can be mean PPI & CPI announcements don't have much effect to be used by market manipulator for manipulating stock market which I think should have small effect for crypto market as you can see now when this post being written BTC had going back to climbing up again
I had always wrote to NOT PANIC and selling in loss, always use data when doing your own research because it will help you to make better decisions
DO NOT AFRAID TO TAKE ACTION WHEN DATA TELL YOU TO DO IT
As always DYOR
God bless
LIVE
NaYo
--
#BTC Today Analysis & Predictions May 14'2024
In my last post I had wrote that data had fool me but now I realize data had never fooling me, market manipulator does
Since my last prediction at May 10'2024 about in the weekend we will see bull movements for #BTC and we had seeing it with high volume of buying orders after the last big dip but I do not expect GreyScale ETF will made very big outflow that preventing BTC to climbing up easily even it had made BTC to touch $60800
For today analysis, since weekend until yesterday May 13'2024 I had watching DXY chart and it seem there is not much fluctuations in DXY chart for the upcoming news if compared with the time when The FED will make official statements so I will still stick with my last predictions that I had made at May 10'2024 also there is some whales who start pumping #PEPE and #FLOKI yesterday while #BOME still in waiting mode for it turns
Why BTC still need to visit $65-$66k because every holders that had accumulating BTC from $61-$63k need to make profits so we may see some profits taking at that range and if BTC can holding it with same or even larger buying volume then for sure BTC will continuing to climbing up as we all already know mining costs had reach $82k in average but if buying volume at $65-$66k can't filling the gap then big dip may happened to $63-$64k range
Just keep in mind, in the process of BTC climbing up to $65-$66k range there will be profits taking from short trading that may cause small dip and market manipulator trying to make FEAR but do not FALL into it, just HOLD, DO NOT PANIC and if you have more spare money to spend buy more because real dip in my opinion may happen when BTC reach $65-$66k
In the end based on the data I had read from Saturday-Monday (May 11-13'2024) there will be not much volatility in stock market or crypto market except for profits taking actions which I think is normal
If you think recent #BTC price is normal then read this miner story I had quote in this post
Soon all BTC old stocks will be owned by traders and to get more from miners like it or not BTC price must going up to the price where miners think is a reasonable price
In my last post I had wrote that data had fool me but now I realize data had never fooling me, market manipulator does
Since my last prediction at May 10'2024 about in the weekend we will see bull movements for #BTC and we had seeing it with high volume of buying orders after the last big dip but I do not expect GreyScale ETF will made very big outflow that preventing BTC to climbing up easily even it had made BTC to touch $60800
For today analysis, since weekend until yesterday May 13'2024 I had watching DXY chart and it seem there is not much fluctuations in DXY chart for the upcoming news if compared with the time when The FED will make official statements so I will still stick with my last predictions that I had made at May 10'2024 also there is some whales who start pumping #PEPE and #FLOKI yesterday while #BOME still in waiting mode for it turns
Why BTC still need to visit $65-$66k because every holders that had accumulating BTC from $61-$63k need to make profits so we may see some profits taking at that range and if BTC can holding it with same or even larger buying volume then for sure BTC will continuing to climbing up as we all already know mining costs had reach $82k in average but if buying volume at $65-$66k can't filling the gap then big dip may happened to $63-$64k range
Just keep in mind, in the process of BTC climbing up to $65-$66k range there will be profits taking from short trading that may cause small dip and market manipulator trying to make FEAR but do not FALL into it, just HOLD, DO NOT PANIC and if you have more spare money to spend buy more because real dip in my opinion may happen when BTC reach $65-$66k
In the end based on the data I had read from Saturday-Monday (May 11-13'2024) there will be not much volatility in stock market or crypto market except for profits taking actions which I think is normal
Edit : Adding image
Happy trading and as always DYOR
God bless
LIVE
NaYo
--
This time the data had completely fool me and I really sorry for my last analysis and predictions
Market maker had successful manipulating #BTC price for preventing BTC climbing up more than $61500
If you watching the order book at Saturday-Sunday (May 11-12'2024) everytime BTC price passing $61500 suddenly large selling orders showing up within range $61600-$61800 and make it down again to under $61500 even today Monday, May 13'2024 it had successful made BTC down to around $60800
Right now based on coinglass.com order book there is still big selling orders at $62500 so if BTC can pass $61k range it still need to liquidating selling orders at $62k range
This moment really shaking my patience and psychology hard because all my investments in #BOME #FLOKI #PEPE show in big minus which made me had thought to cut loss it but my rationality still preventing me for doing it
For now BTC had accumulating more holders between range $60-$62 and soon it will need to climbing up to leave $60-$62k range but beware in this 3 days because market manipulators seem trying to manipulate stock market as you can see at USD Index (DXY) which can also impacting crypto market just like before when The FED will give official statements
So my recommendation still same, DON'T PANIC SELLING IN LOSS and BUY MORE IN THE DIP IF YOU STILL HAVE MONEY TO SPARE
This time the data had completely fool me and I really sorry for my last analysis and predictions
Market maker had successful manipulating #BTC price for preventing BTC climbing up more than $61500
If you watching the order book at Saturday-Sunday (May 11-12'2024) everytime BTC price passing $61500 suddenly large selling orders showing up within range $61600-$61800 and make it down again to under $61500 even today Monday, May 13'2024 it had successful made BTC down to around $60800
Right now based on coinglass.com order book there is still big selling orders at $62500 so if BTC can pass $61k range it still need to liquidating selling orders at $62k range
This moment really shaking my patience and psychology hard because all my investments in #BOME#FLOKI#PEPE show in big minus which made me had thought to cut loss it but my rationality still preventing me for doing it
For now BTC had accumulating more holders between range $60-$62 and soon it will need to climbing up to leave $60-$62k range but beware in this 3 days because market manipulators seem trying to manipulate stock market as you can see at USD Index (DXY) which can also impacting crypto market just like before when The FED will give official statements
So my recommendation still same, DON'T PANIC SELLING IN LOSS and BUY MORE IN THE DIP IF YOU STILL HAVE MONEY TO SPARE
Crypto Researcher Turns $4700 Into $2.1 Million: A Guide To Altcoin Trading
According to PANews, crypto researcher ardizor has managed to increase his assets from $4700 to $2.1 million within a year, not through BTC, ETH, MATIC, AVAX, or MODE, but by trading altcoins. This article shares his insights on how to trade altcoins effectively.
Altcoin trading does not require complex strategies, but relies on key factors such as understanding the psychology of the crypto market, tracking insider wallets, identifying undervalued projects, and understanding the principles of crypto security.
In the crypto world, emotions drive everything. The psychology of people is constant, and market patterns are always repeating. The best time to buy is when the market is in a state of fear. Many people realize this, but when fear dominates the market, people tend to sell, and only buy back when greed takes over. Recognizing this pattern and going against the flow can potentially generate huge profits.
Understanding insider trading is also crucial. For instance, a wallet bought into HAMMY immediately after its launch at a price of $1500, and then cleared at a price of $170,000. This could be an insider's wallet rather than a random trader's. The question is, how did this person manage to buy in before an unexpected surge when there was no positive news about the project in the market? The answer is insider information.
To find these hidden insider wallets, one can visit dexscreener.com, look for popular tokens in the past 6 or 24 hours, click on top traders, search for early trades, and copy the wallet address. For better results, consider filtering wallets with earnings of over $500,000 and a win rate of 60%.
To discover potential coins before others, visit CoinMarketCap or Coingecko, choose 10-30 tokens of interest from your favorite field, and visit dropstab.com to view important information such as project investors, Twitter followers, and financing data.
Finally, verifying the security of the token contract is crucial. This habit will protect you from potential scams, rugs, and honeypots. Two commonly used validators that might be useful are rugcheck.xyz for SOL and coinscan.com for EVM.
As I had predicted in my yesterday posts there is dump attempts that successfully take BTC price down 3000 points which also dragging coins where I had put my money #BOME#FLOKI#PEPE and just now I got the info about CPI prediction from University of Michigan, FED chairmans spoken for no interest cut and JPMorgan acquiring about $700k worth BTC
Despite other info like JPMorgan had acquiring BTC worth around $700k, the info from University of Michigan and FED chairmans speak seem taking more impact for helping market maker manipulating BTC price for going down and also spreading fear into crypto market while USD Index only do very small movements
For now BTC had back to its track to CLIMBING UP again but market seem still in fear as showed by greed index that getting down too
Anyway my today prediction is still same with my yesterday prediction and I think recent price is already the lowest price you can get for now but DYOR before making any decision
About 4 hours ago I had mentioning to beware with BTC dump attempts and it happened few hours later
The dump attempts had been happening for about 1 hour with BTC massive selling worth about $2M based on Binance Trading Data with most volume from large selling orders that affecting not only medium but also small orders which I believe is retailers
Right now when this post being written the dump attempts has been cooling down and BTC seem starting to going back to its track to climbing up again but be careful for chance of another dump attempts riding the first one
DO NOT PANIC and SELLING IN LOSS
I still believe there is a story in every pump or dump actions but for now I still can't get any info yet about recent dump attempts with about $2M BTC being sold
As always #FLOKI got the most impact while #BOME and #PEPE looks good
I hope not much people losing their money because of PANIC SELLING
God bless
LIVE
NaYo
--
#BTC Today Analysis & Prediction Update May 10'2024
Following my analysis in my last post right now there is large & medium selling orders for about 3 hours straight when this post being written but so far large buying orders had manage it well as you can see from Binance Trading Data
There is 2 possibility from who do the selling orders in large and medium volume which I think is came from miners and profits taking orders
For miners there is 2 possibility why they need to sell at this price range ...
First, they can be need quick cash for continuing their operational
Second, they deciding to close their operational and following that step they want to sell their BTC stocks
For profits taking orders I had wrote about that in my previous post
So looking at how crypto market conditions right now it's very likely my last predictions in my last post will happened again
In the meantime keep tracking BTC order book & trading data if there is any BIG NEWS that can shaking the market also beware with dump attempts to not get your self in PANIC and selling in loss
Right now profits taking also happened in #BOME #FLOKI #PEPE but I still hold my assets to gain more profits later
See you at Monday and if there is big chance in the market I will updating my analysis & predictions but I think there will be small chance for it
Which is more Dangerous between Fake Pump or Fake Dump ?
In financial market like stock market or crypto market there will always fake pump or fake dump but which one is more dangerous between it ?
I don't know exactly how stock market work, will it eating all your investments when the price going dowm to certain points or will it like in crypto market when you do spot trading
In my opinion FAKE DUMP is more dangerous then FAKE PUMP if you do spot trading because fake pump will only make you hold longer depend on what price you had made entry when buying your assets
For example is my experiences with #FLOKI in the past when I still can't analyze any data and only based on BTC chart, I had driven by GREED and FOMO which also made me do cut loss in my investments because of FEAR and lossing $70 but 3 days later after I do the cut loss FLOKI price get back even higher about 2000 points from my buying price which can make me in profits if I don't do the cut loss
With that experiences I'm starting to learn how to analyze data to not only based on #BTC chart but also from order book, trading data, greed index, USD index, News, etc
Right now I do investments in #BOME FLOKI #PEPE and I'm still holding it until it reach my exit price, never do cut loss again
Back to the topic, FAKE DUMP in my opinion can be more dangerous because if you get eaten by it FEAR will starting to eat your psychology and make you sell in panic just like I had done before
So if what you do right now is spot trading and not future trading then you only need to be aware for fake dump that often happened because market maker want to creating FEAR, make you SELL in PANIC and if success they can get more assets with CHEAPER PRICE and LESS competitors
Knowing how to analyze data and knowing how to manage your FEAR/GREED will help you to minimizing your loss lots of
#BTC Today Analysis & Prediction Update May 10'2024
Following my analysis in my last post right now there is large & medium selling orders for about 3 hours straight when this post being written but so far large buying orders had manage it well as you can see from Binance Trading Data
There is 2 possibility from who do the selling orders in large and medium volume which I think is came from miners and profits taking orders
For miners there is 2 possibility why they need to sell at this price range ...
First, they can be need quick cash for continuing their operational
Second, they deciding to close their operational and following that step they want to sell their BTC stocks
For profits taking orders I had wrote about that in my previous post
So looking at how crypto market conditions right now it's very likely my last predictions in my last post will happened again
In the meantime keep tracking BTC order book & trading data if there is any BIG NEWS that can shaking the market also beware with dump attempts to not get your self in PANIC and selling in loss
Right now profits taking also happened in #BOME#FLOKI#PEPE but I still hold my assets to gain more profits later
See you at Monday and if there is big chance in the market I will updating my analysis & predictions but I think there will be small chance for it
I'm deciding to sharing my analysis again and I hope it may help you to do your own research for making decisions
Right now when this post being written BTC still in sideways at 62800-63000 and this sideways seem came from medium and small selling orders do profits taking as showed in Binance Trading Data where large orders still dominating for buying BTC
USD index value also seem stable with not much movements in it and there is NO big news yet that can be used for market manipulation either stock or crypto market for now
So based on the data I had analyzing BTC will likely going to $65-$66k with some dip can be happen in the process as some large & medium orders may do profits taking if they had bought BTC from $60-$61k range
Why I think BTC will going to $65-$66k ?
Since Tuesday when BTC at $62-63k there is lots of large buying orders more then when BTC at $60-$61k and with 1000 points in price increase you can only get around 1% profits which I think is not good enough for whales to make profits but I can be wrong
I suppose in this weekend we may see BTC climbing up to $65-$66k so they can do profits taking and be prepared for upcoming news from US at next Tuesday-Wednesday that maybe can make stock market & USD index in fluctuations that may affecting crypto market too
In crypto world crypto holders that hold lots of crypto called as whale and most people only thinking they can be a whale because they had lots of money which is completely wrong
Most whales in crypto market is financial company that managing other people money called as investments with interest rate (monthly / yearly) which in stock market we called them as broker and I believe some of this financial company not only make investment in crypto market but also in stock market so they can make more profits to pay their clients interest rate and their operational
Instead of only using feeling or instinct whales also use other instruments to make decisions either to buy or to sell and this instruments can come from news, chart, trading data, order book, USD value, etc which they will analyzing it to make the decisions
After they know what to do next then the next step is to play with market psychology either to create FOMO or driven GREEd or FEAR so they can gain more profits from it
Just like what happened right now while crypto market in FEAR, whales had made speculations and accumulating more than 60000 #BTC in last 2 days (May 7-9'2024)
So if you want success like whales you need to know how to analyzing data to support your decisions and managing your own FEAR/GREED so you will not get PANIC and ended selling in loss or even lossing opportunities to gain profits from your investments
What the hell happened with #BTC in this 3 days straight, large orders keep dominating the outflow based on Binance trading data
If I was a whale who keep selling it then I must be a stupid whale because another whales will eat my selling orders also if you look at Binance trading data medium buying orders making good inflow followed with small buying orders
Also I had seeing a post in Binance square showing an image that someone had bought 100 BTC with price around $62200 despite selling his/her stocks which he/she had bought at price around $15k and $33k and thats mean this person believe BTC price may going up to reach new ATH
So the only possible answer I can think of is in this last 2 days large selling orders probably done by miners who keep selling their stocks at discounted price
Okay, this is interesting to be analyzed because recent dump attempts seem using different approach compared with before
In 2 days straight we had see dump attempts with big move and always fail to take #BTC price going lower than $63k because its seem the attempts always fail for creating panic selling
Right now we can see they use small move with medium selling mixed with large selling orders with certain amounts needed to take BTC price down little by little for more than 2 hours straight as you can see from BTC trading data
Also big selling orders seem trying to keep buying orders in check everytime it try to move up more than $63300 to prevent large buying orders passing it while medium selling orders keep going to make BTC down little by little and the results we can see lots of small selling orders has been made based on Binance trading data because they not feel safe anymore and starting to think BTC will going bearish
This recent actions really playing with our psychology compared with 1-3 big move to dump BTC price
So far there is no big speculative news that can make BTC down also USD value not in high volatility while only good news showing up like South Korea will allow BTC, BTC hash rate had increasing again, etc
With all of the good news about BTC combined with other data, I'm really sure this dump has been made for manipulating crypto market which I don't sure for what purpose selling hundred thousands of BTC just to make crypto market down
There must be a reason why this person or whoever it is trying so hard to make it happen even when they know $60-$62k also strong support range for BTC
For now I only can say enjoy the market while I got disappointed that my plan to take profits soon for my investments in #BOME#FLOKI#PEPE being delayed 😔
This is the must awkward moments I had got from crypto market while someone trying to take #BTC price up another one trying to drag BTC price down under $63k and this situation has been happened for 2 days
This is like a war between 2 whales and I don't know about other altcoins but coins in my watch list #PEPE and #FLOKI got the most impact from BTC behavior while #BOME look a little more solid followed by #SHIBA
The data I had got still showing BTC in bullish track and I really curious and want to know despite many attempts had fail to take BTC price down lower than $63k but it still not give up to try
Just a hint for my readers, take a look at BTC trading data and you will know what I mean
I was thinking to posting this for tomorrow post but looking how market going in manipulation today make me thinking that today May 7'2024 market conditions can be good example for this post
As you know #BTC had reach $65k range yesterday but then after SEC news it start going down with some DUMP actions but because buying orders is strong enough thats mean there is another whales waiting for it to eat any BTC in sell and you can see this in trading data when big selling orders being made, big buying orders following it with calculations to get best buying price
In my last predictions post I do expect BTC will going to $66k where in the past it showing lots of selling orders waiting which I think made by miners to sell their stocks & when it going sideways to liquidating all selling orders, my watch list coins #BOME#FLOKI#PEPE#SHIBA got pumped to certain points before The FED news being announced which made stock & crypto market in high volatility
Today situation really unexpected and in my opinion market in manipulation for pushing miners to sell their stocks cheaper than $66k as miner firms will need to resuming their operations and for that reason they need cash to adjust their operational costs
Why I can say that ? because in my opinion the volatility in BTC price that just moving around 300-500 points up and down is not enough to make profits for any traders
So by riding SEC news whales had done the manipulation and pushing miners or other traders that bought BTC from $$56-57k to sell their stocks with the mindset BTC price can going down more to $60-$61k range or even lower followed with some FEUD posts that keep spreading FEAR to play with their psychology
While retailers/small investors holding their money to invest because they had been driven by FEAR, the trading data in Binance show large orders inflow followed with medium orders dominating it
Soon we will get another pump because anyone who bought BTC at this price range ($63k) will need to make profits from their purchases
As always DYOR
God bless
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