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Bitcoin's weekly candle isn't closing well, but I wouldn't despair too much. Let's analyze what happened: as we can see from the liquidation heatmap, most of the liquidity was up on the previous highs just below the ATH. The price went to take liquidity from each of these highs and then touched the all-time high and went back down. The price did nothing but make a short squeeze or took liquidity momentarily reversing the short-term trend thus reabsorbing the price. Do we have to worry? No because despite this momentary collapse we are at high market prices and the fundamental tells us that we are at the gates of a bullish market phase. Next week we’ll have a new USA President and the FOMC meeting So don't be silly and if you're in the market hold your positions Be safe
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Nothing new An example most likely could be Nancy Pelosi who made an x20 on the stock market in a year with perfect timing. Coincidenses? Excellent skills as a trader? I don't know, but some doubt are seen about her political charge For this reason, these political positions should be banned from the possibility of trading. But it's something that will never happen anyway. They are people who hold positions of power and know man of power, they know who is inside the markets and controls the movements. It's a circle of few people but they know each other I think
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Propaganda? Maybe, But he is the only one to run for the White House declaring himself totally in favor of Bitcoin and crypto. American friends, I won't tell you who to vote for of course, but keep in mind that this person, whether we like it or not, took part in favor of Bitcoin. His political rival has always been very vague. On the contrary, she wants to pass a law to tax unrealized capital gains. In addition, many analysts say that Trump would do well even to the force of the dollar. So, if you will go to vote for this election and you are invested in the market and in crypto, you should know what to do
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Second step on DOGE was successful Easy swing trade You must always have 2 things in mind to understand how the market is moving and where it wants to move -what phase of the market we are in -where the liquidity resides Once you understand these two things and know how to apply them to an operating setup, the way you trade will change significantly.
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Explained in two sentences why BlackRock is bullish on Bitcoin. Because they hold 2% of the Bitcoin supply. They were waiting for the right moment to enter the market. And now they are trying to encourage retail with these very positive statements. Let's be clear, I am bullish on Bitcoin and I think we are at the gates of a big bull market. But behind every market impulse there is a reason. They want to bring FOMO to Bitcoin in order to let all retail in. Remember that we are their liquidity exit. So know that even if we are retail we must try to replicate their movements with criteria. In investments as in trading you have to be smart and not reason according to the emotions of FOMO or FUD but to reason in a logical and rational way, with a cool mind controlling your emotions. This is how large investment funds act. In addition to being they who create FOMO and FUD, because they are the ones who control the markets, not us retail.
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