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Bitcoin - This actually does happen check it outHappening right now: Looking at the one-day timeframe you can see that we have stayed consistently above the 50MA if you see at least 3 candles above the 50MA that shows strength, however, this move is highly suspicious since there is so much divergence in so many indicators. We have a tremendous spike in volume while the candles are generally small. In cases like this, the best move is to not make a move. This decision is easy to make because the odds of going down are greater than the odds of going up. Why are the odds of going up lower? Because the consumer is in debt, savings are depleted and a retail trader with lots of disposable income is much needed in order for the powers that be to make their billions. When money is dry the only way you can lure consumers back is by dropping the price, so the only way BTC is going back up is by coming down in price. So what can we expect? In the next few months, we'll see small moves up, long sideway ranges, and one last drop. We have to talk about this: Check this out, this massive wick that reached to the center of the earth is called a flash crash, they start and end in less than a minute. When these flash crashes take place all other coins will flash crash as well. Does this happen often? Yes, but not that severe. How to capitalize on this? We'll talk about this at length in a future post but this is part of the severe market manipulation by exchanges. They use it to hunt stop-losses once they accumulate and you can use it to set up buy orders and make thousands in less than a minute. VERY IMPORTANT: Hitting the "Like" button is like a tip, please don't forget to do so after reading, this is your way of thanking me for my time and so I thank you for yours.
B
by cryptoGats
4
Crypto - Trade SetupMost ALTs haven't tested the main resistance level yet and even though they rejected beneath the resistance still there is a smell of bulls in the price action. Yes not so much interest yet but i'm expecting something more likely upward towards the resistance zone soon. But like i say market emotions change with the time so we must not stay rigid, we need to move along with the market. Here are the key areas for my trade setup on ENJI against USDT, I'm saying again once the price reaches my zones I'll observe the market emotion clearly then only i get into the trade otherwise I'll look for another trade setup. This is what disciplined traders do so what are you doing ?? My calling : 0.5922 Note : I'll update once the trade setup got triggered! Disclaimer : I'm not a financial advisor, trade at your own risk.
Long
by Livermore_Jr