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#Bitcoin 🔴Daily looks scary 🟢Weekly looks promising 🟠Monthly looks challenging Daily Timeframe: Bullish Structure is broken, series of lower highs + lower lows with the daily support zone is lost | Bulls need to flip back above the one asap Weekly Timeframe: Caught by EMA 50 + Descending Broadening Wedge - chart has a bullish potential | Would be good to see the daily structure to flip bullish at first and the whole economy to recover (Btw many blame crypto for this downfall while it's a TradFi is a leading narrative here. TradFi Bullish = Crypto Bullish) Monthly Timeframe: Current picture looks scary as we broke below the monthly support zone (former major resistance zone) which looks to be a distribution. However we might reverse things for the bullish in case there is a close back above the monthly support, it will be a simple stop-hunt (fakeout). Whole month is ahead and we have a job to do! 📍My personal plan regards #BTC is to start DCA in case there is a mid-term downtrend - I see it as a great opportunity! Only local trades is now allowed with not too much leverage. ⚠️Mid-Term Trading is now prohibited until things will be more clear.
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𝐘𝐨𝐮 𝐜𝐨𝐮𝐥𝐝 𝐛𝐮𝐲 𝐭𝐡𝐞𝐬𝐞 𝐚𝐥𝐭𝐜𝐨𝐢𝐧𝐬 🚨 Buy those alts who have made the fastest recovery. Go on CMC and check the top gainers in the last 24 hours. If the market dips again, those alts will be the fastest ones to recover. A few names are $ONDO, $SOL, $TIA #DYOR, #NFA
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#Bitcoin RSI dropped below 30. Whenever $BTC RSI dropped below 30, the price bounced back. Let’s see how the market will react this time.
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One of the biggest Market Makers is dumping its crypto holdings🚨🚨 A series of bad events in 4 parts 👇 ♦️ The CFTC started an investigation into Jump Trading subsidiary's activities. ♦️ Jump trading president resigns shortly after that ♦️ Jump trading started redeeming wstETH after that. ♦️ Since July 25, they redeemed and sold over 80,000 ETH. This caused an #ETH dump along with alts weakness. It seems like Jump trading is completely exiting the market. #Crypto #Cryptocrash #Crash #Altcoins
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