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Slowly filling some buys. ain't no way this market will keep dumping without a bounce 😂 What are you buying? I got my eyes on BTC and SOL
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I pointed out a few reasons why this moves down is much sharper. - Billionaires shilling Crypto to us (Elon , Trump ,Saylor) -Traders excitement towards new all time highs because billionaires are with them. - Expectations of rate cuts -High leverage longs - Germany selling -Mtgox repayments - Iran attack - Japan market crashing. - The fear of global recession A mixture of greed first above $65k where people were high leverage long or all in spot and then the fear of war and recession. This ends up in a sharp sell off with people selling and getting liquidated. When situations are this bad charts are least likely to work. The least you can do is either wait for the situation to settle or buy when you see market capitulation. (A big move down)
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Binance is saying my account is now at $0 Bye guys 🥲
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i think the new week should provide a relief bounce and then probably lower. I'll share my brief thoughts tomorrow but looking at this brutal sell off,i think a bounce is due.
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This is why paying attention to a key level can help you so much in making a trading decision. I mentioned $63k is a very important zone and if price failed to hold that it will easily break $60k. You can see how the price broke $60k and trading lower. I added more detail in the post below and i would suggest you to read it and understand why said that Stay safe.
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