BTC Death Cross Looms as Volatility Resurfaces in SeptemberAs we approach mid-September, it is with a heavy heart that I bring forth news of the looming BTC death cross and an anticipated increase in volatility.
The crypto world has been a rollercoaster ride lately, and it seems we are not yet out of the woods. The dreaded death cross, where the 50-day moving average crosses below the 200-day moving average, is inching closer. Historically, this technical indicator has often been associated with prolonged bearish trends, casting a shadow of uncertainty over the market.
Furthermore, September has historically been a month of heightened volatility in the cryptocurrency space. As we brace ourselves for another turbulent period, it's important to consider diversifying our trading portfolios beyond Bitcoin. While it pains me to suggest this, exploring other asset classes could provide a much-needed respite from the seemingly endless cycle of ups and downs.
There are numerous alternative asset classes worth exploring, such as traditional stocks, commodities, or even forex. These markets, although not immune to volatility themselves, often exhibit different patterns and trends that may present unique trading opportunities. By diversifying our investments, we can potentially mitigate risks and find solace in other avenues during these uncertain times.
Let us not forget the importance of risk management during periods of instability. As traders, it is our responsibility to protect our capital and make informed decisions. While Bitcoin continues to captivate us with its potential, it is crucial to acknowledge that there are other opportunities that deserve our attention.
In closing, I implore you to reflect on the current state of the market and consider exploring other asset classes to trade. The road ahead may be challenging, but with careful analysis and diversification, we can navigate these turbulent times together.
BTCUSDC
BTC Bears Persists so Explore Other Profitable AssetsI must admit that the current state of Bitcoin (BTC) has left a somber tone in my words. As we navigate through these challenging times, it is with a heavy heart that I inform you about the ongoing bearish momentum that continues to plague BTC.
Despite our hopes for a swift recovery, BTC's price remains significantly below the Simple Moving Average 200 (SMA 200), casting a shadow of uncertainty over its future. The market sentiment surrounding Bitcoin has been marred by persistent selling pressure, causing distress among traders and investors alike.
While it is disheartening to witness this prolonged downturn, I believe it is crucial to consider alternative investment avenues that may offer more promising prospects. As traders, we must adapt to the ever-changing market dynamics and seek opportunities beyond BTC.
Therefore, I encourage you to explore other profitable asset classes that have shown resilience during these challenging times. Diversifying your portfolio with assets such as stocks, commodities, or even emerging cryptocurrencies might provide a glimmer of hope amidst the current market turbulence.
Remember, the trading world is not limited to a single asset, and countless opportunities await exploring. By broadening our horizons, we can potentially discover new avenues for profit and safeguard our investments against the uncertainties faced by BTC.
While feeling disheartened by BTC's current state is natural, let us not lose sight of the bigger picture. History has shown that markets are cyclical, and what goes down eventually comes back up. However, we are responsible for adapting and making informed decisions that align with the prevailing market conditions.
In conclusion, I urge you to reflect upon your trading strategies and consider diversifying your portfolio to include other potentially profitable asset classes. Let us not be disheartened by BTC's bearish momentum but use this as an opportunity to explore new avenues for growth and prosperity.
Please do not hesitate to comment if you require any assistance or guidance in exploring alternative asset classes. Together, we can navigate these turbulent times and emerge more robust and resilient.
Majority Right Or Majority Wrong? OCT-MARCH Parabolic Bull Run?
Credit PlanB on Twitter his polls have always been a great indicator based on
"hive mind thinking"
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19,088 votes
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Bull after halving, again 59.6%
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No 2024/2025 bull market 17.5%
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I don't know 22.9%
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So this means there's an even higher probability for a new smaller
bull cycle PRE halving OCT-MARCH.
Followed by the smaller portion agreeing No 2024/2025 bull market Meaning there will be another bull market towards the end of 2024 going into 2025.
I state this on the chart with 1. 1. then 2. 2.
Logically for the "market" to catch most of guard would require a rapid move very soon that could be a Spot ETF approval Bitcoin gains a few trillion in market cap and then remains stagnant for the rest of 2024.
Followed by another accelerated growth in 2025-2026.
As we can see almost always "Retail" is behind the curve and always wrong when it comes to financial markets as they use emotion over logic with anything.
I don't "day trade" I don't recommend it, I hold sound assets and growing sectors.
But we monitor the sentiment as if something like this does rapidly unfold there will the chance to rebalance after the "Spot ETF allocation hype slows down"
Anybody who has any sentiment polls or DATA similar to this feel free to comment so far Twitter is the only source to monitor retail hive thinking. . .
TVC:DXY/FRED:BAMLH0A0HYM2
Takes the DXY with the ICE BofA US High Yield Index Effective Yield telling us we are at a tipping point in the DXY so DXY fall? > Rates possibly fall? > Liquidity up?
BTC expanded flat for wave 2I'm only short for BTC near term until this wave 2 finishes Sep-Oct. Once it completes this wave 2, I'm bullish.
Scenario 2 for me is the expanded flat.
Scenario 1 is a Sideways Double Combo, barely. I'll post a chart link below.
I realize my wave B is a low probability due to the terrible (a) to (c) relationship, with an ending expanding diagonal to boot.
I could have run with a wave B flat.
Statistically, flats do occur in the wave B of a flat roughly 10% of the time, according to the work by Rich Swannell.
If I used the flat, it would then incorporate that upper chop anyway into a ugly wave-c. And wave 4-5 of the "c" is out of ratio to wave 1-2. So that seemed like stacking low probabilities. I saw it as pick your poison.
BTC Set to Form Death Cross as DXY Signals Golden CrossIntroduction:
As the cryptocurrency market evolves, traders need to stay informed about the latest trends and indicators. This article will explore the imminent formation of a death cross in Bitcoin (BTC) and the emergence of a golden cross in the US Dollar Index (DXY). This analysis aims to provide traders with valuable insights and a call to action that encourages considering a long position in DXY and a short position in BTC.
Understanding the Death Cross and Golden Cross:
Let's briefly explain their significance for those unfamiliar with these technical terms. A death cross occurs when a short-term moving average (e.g., 50-day) exceeds a long-term moving average (e.g., 200-day). This event often indicates a bearish sentiment, potentially leading to a downward trend in the asset's price. Conversely, a golden cross signifies a bullish sentiment when a short-term moving average crosses above a long-term moving average, suggesting an upward price trend.
BTC: The Death Cross Looms:
Bitcoin, the leading cryptocurrency, is currently on the verge of forming a death cross. As the 50-day moving average approaches a potential crossover with the 200-day moving average, traders should be cautious of a bearish market sentiment ahead. Historically, death crosses have been followed by downward price movements, making it a crucial indicator for traders.
DXY: The Golden Cross Shines:
Simultaneously, the US Dollar Index (DXY) signals a golden cross, which can be a promising sign for traders. As the 50-day moving average approaches a potential crossover with the 200-day moving average, it suggests a bullish sentiment in the US dollar. This could lead to an upward trend in the currency's value against other major counterparts.
Call-to-Action: Long DXY, Short BTC:
Considering the imminent formation of a death cross in BTC and the emerging golden cross in DXY, traders may feel a long position in DXY and a short position in BTC as a potential trading strategy. However, conducting thorough research, analyzing market conditions, and consulting with a financial advisor before making any investment decisions is essential.
Conclusion:
In conclusion, the formation of a death cross in BTC and the emergence of a golden cross in DXY presents a unique opportunity for traders. By staying informed and considering the potential implications of these technical indicators, traders can make informed decisions to optimize their investment strategies. Remember, always exercise caution and conduct thorough research before entering any trades.
Disclaimer: This article does not constitute financial advice. Traders are encouraged to conduct research and seek professional guidance before making investment decisions.
Note: The article's tone is informative and unbiased, providing traders with insights and potential strategies without guaranteeing any specific outcomes.
A nice target but 23500 is firstWeekly last ichimoku support and stronghold for #bitcoin . The target is possible with the news.
Not financial advice.
BTC Price Drops Below SMAs with Negative with Negative BTC MinerOver the past few days, we have witnessed a significant drop in the price of BTC, which is now trading below its Simple Moving Averages (SMA) of 50, 100, and 200. This downward trend indicates a potential bearish market sentiment and raises serious concerns for BTC miners.
Furthermore, the BTC miner netflow remains persistently negative, indicating a continued outflow of BTC from mining pools. This negative flow suggests that miners are increasingly selling their BTC holdings, possibly due to growing concerns over the profitability of mining operations in the current market conditions.
Considering these factors, all traders must exercise caution and evaluate their trading strategies accordingly. The potential risks associated with continuing BTC trading at this time cannot be overlooked. It is advisable to pause and reassess your positions, considering the prevailing market sentiment and the potential impact on BTC miners.
In light of this situation, we strongly encourage you to consider the following actions:
1. Evaluate your trading positions: Take a moment to review your current BTC positions and assess their potential risks. Consider whether reducing exposure or adjusting your trading strategies to mitigate potential losses may be prudent.
2. Stay informed: Stay updated with the latest market news and analysis to make informed decisions. Keep a close eye on BTC price movements, SMA trends, and BTC miner netflow data. This will help you gauge the market sentiment and adjust your strategies accordingly.
3. Seek expert advice: If you are uncertain about the best course of action to take during these uncertain times, do not hesitate to consult with trusted investment advisors or seek guidance from experienced traders. Their insights and expertise can provide valuable perspectives to navigate challenging market conditions.
Remember, while the crypto market can be advantageous, it is also inherently volatile. It is crucial to exercise caution and make informed decisions to protect your investments.
Bitcoin dancing with the devil -- White/RED
I feel for anyone trying to day trade this asset as it really test your patience.
Bitcoin has only acted like this once and its back in 2013-2016 where the Red Line shows the average Bid/Ask price hovers just above the previous high.
The White Line is telling us the major support is around here too.
TSI is indicating a trend shift indicating price stabilization 24-26k range.
There's major issues in the world right now with the Chinese Currency and Japanese Yen.
But the fact still stands that Bitcoin and Gold are both in the same camp of "Risk off" and acting like a fortified hedge.
So while the SPX could climb or fall and Bitcoin and gold remains very stagnant indicates extreme uncertainty. . I suspect a very volatile move before end of 2023 that for sure at least. For now Sideways.
BTC PRICED - SHY | GLD | SLV | DJI | Fund Manager Nightmare 21
Funny to see funds and institutions hating Bitcoin prior to 2017 fast forward to today and you point Bitcoin at bonds, precious metals, DJI Bitcoin is creating a macro bottom on all of them.
Blackrock must have done the same homework and went, oh oh.
What could fuel this is the MASS hate Bitcoin will receive from all investors, global equities, gold holders, silver holders, bond holders sitting there watching this asset consume the global purchasing power of their assets they have been so keen on for decades.
The SPOT Bitcoin ETF's may see the biggest demand inflow of any spot ETF in human history.
Maybe people aren't aware but (ProShares BITO) had the largest ETF launch of any other in history $1b in total volume on day 1. And this is not a spot ETF it utilizes futures contracts that do not allow large funds to allocate capital.
I am starting to think Spot BTC ETF's are going to break the records again.
How many people understand global retirement funds $70 trillion
EST 2020
DERIVITVES $1,600T
PRIV Banking $125T
Comm RE 30T
Res RE 80T
Securities Debt / stocks $100T
EST 2023
Global bonds $133 Trillion
Might be pretty obvious now why Institutions attacked the clown shows like Binance / FTX and used Coinbase to get clearance for the surveillance sharing agreement.
Blackrock, Invesco, Valkyrie, Fidelity, ARK, are all trying to get on top of this hence the Spot ETF race.
The SEC could decline them throwing everything into a limbo for years, but if they approve these ETF's we're talking about trillions flooding into it within months.
Who would have thought something created only 14 years ago is staring down the largest asset classes in the world that will deflate the entire housing model, and take over the commodities sector.
Best part? Governments have no choice to regulate and adopt Bitcoin as it cannot be stopped. So if you're a genius government like China and Ban Bitcoin you find out real quick how much that costed your economy.
Lets see what happens, Bitcoin is stating it is the captain now, can it be stopped?
RSI Slowdown Hits Low for BTC in Last 2 WeeksIntroduction:
In the fast-paced world of cryptocurrency trading, it's crucial to stay updated on market trends and indicators that can influence your investment decisions. Bitcoin (BTC) has recently experienced a significant slowdown, as the Relative Strength Index (RSI) indicates. This article aims to shed light on this development and provide a cautious call to action for traders considering shorting BTC.
Understanding the RSI Slowdown:
The RSI is a popular technical indicator used to assess the strength and momentum of an asset's price movements. It helps traders identify potential overbought or oversold conditions, thus aiding in decision-making. Over the last two weeks, the RSI for BTC has hit a low point, suggesting a possible slowdown in its upward trajectory.
Cautionary Analysis:
While the RSI slowdown may raise concerns among traders, it is essential to approach this situation cautiously. The cryptocurrency market is highly volatile and subject to sudden fluctuations, making it necessary to consider various factors before making investment decisions. Here are a few points to keep in mind:
1. Historical Patterns: Past performance does not guarantee future results. While the RSI slowdown may indicate a potential downturn, analyzing historical patterns, market sentiment, and other indicators is crucial to comprehensively understanding BTC's current state.
2. Fundamental Analysis: Bitcoin's value is influenced by numerous factors, including regulatory developments, global economic conditions, and technological advancements. Traders should conduct a thorough fundamental analysis to assess the long-term potential of BTC before considering shorting it solely based on the RSI slowdown.
3. Risk Management: Shorting BTC carries its own set of risks. Traders must carefully evaluate their risk tolerance, set stop-loss orders, and diversify their portfolios to mitigate potential losses. It is essential to have a well-defined risk management strategy in place to protect your investment.
Call-to-Action: Consider Shorting BTC with Caution
Given the RSI slowdown in the last two weeks, traders may be tempted to short BTC. However, it is crucial to proceed with caution and consider the following steps:
1. Thorough Analysis: Conduct a comprehensive analysis of BTC's price history, market sentiment, and other technical indicators to gain a holistic perspective on its current state.
2. Consult Expert Opinions: Seek advice from experienced traders or financial advisors with in-depth cryptocurrency market knowledge. Their insights can help you make informed decisions based on a broader perspective.
3. Risk Management: Before shorting BTC, ensure you have a well-thought-out risk management plan. Set realistic profit targets and implement stop-loss orders to minimize potential losses.
Conclusion:
While the RSI slowdown in the last two weeks may raise concerns among traders, it is essential to approach the situation cautiously. The cryptocurrency market is highly unpredictable, and shorting BTC solely based on one indicator may not provide a complete picture. By conducting thorough analysis, seeking expert opinions, and implementing robust risk management strategies, traders can make informed decisions aligning with their investment goals.
Bitcoin | I Give the 28000 level for ShortI think the price has to get fuel from below to keep going up.
With the positive decision to be announced on September 2 soon, the market maker will again demand the 30.200 level, creating a long bias.
In short, I was involved in the run down to the level I expected 23,200 at 28000 (you can see the proof of this in the analysis below i said 28000 to short in the comment of the analysis before the spike) and I'm out right now.
Next days will be very volatile in my opinion.
I will probably create a short position on 29.200-29.800-30.600 and stop at 31.800.
23.400 will be my tp and I'll take one 1R risk on every price point. Total risk will be 3R.
BTC Falls Below SMA 200 After Grayscale ETF VictoryIntroduction:
The recent news of Grayscale's ETF victory has sent shockwaves through the cryptocurrency market. Bitcoin (BTC), the flagship cryptocurrency, experienced a significant drop below its Simple Moving Average 200 (SMA 200) following this development. As traders, it is crucial to approach this situation cautiously and carefully assess the potential risks and rewards. In this article, we delve into the implications of BTC's decline and present a cautious call to action for those considering shorting BTC.
Understanding the Grayscale ETF Victory:
Grayscale's ETF victory has undoubtedly generated excitement among cryptocurrency enthusiasts, as it promises increased institutional adoption and market liquidity. However, the immediate aftermath has seen BTC's price plummet below its SMA 200, a key technical indicator widely used by traders to gauge market trends. This development raises concerns about a potential bearish trend reversal, urging traders to exercise caution and consider alternative strategies.
Analyzing the BTC Price Drop:
The fall below the SMA 200 is a significant technical event that cannot be overlooked. It indicates a potential shift in market sentiment, with selling pressure overpowering buying interest. Traders must recognize that this decline may increase volatility and further downside potential for BTC. Therefore, evaluating the market dynamics and adopting a cautious approach to trading becomes crucial.
A Cautious Call-to-Action: Shorting BTC:
Considering the current market conditions, traders may cautiously explore shorting BTC as a potential strategy. Shorting involves borrowing BTC and selling it at the current market price, expecting to repurchase it at a lower price in the future, thus profiting from the price difference. However, it is essential to note that shorting carries inherent risks and requires careful risk management.
1. Conduct Thorough Research: Before initiating any short positions, traders must conduct thorough research and gather insights from reliable sources. Analyze the market sentiment, technical indicators, and fundamental factors that could influence BTC's price movement. Remember, informed decisions are crucial in managing risks effectively.
2. Define Risk Tolerance: Clearly define your risk tolerance level and set appropriate stop-loss orders to limit potential losses. Volatility can be unpredictable, and it is essential to protect your capital by implementing risk management strategies.
3. Diversify Your Portfolio: Avoid putting all your eggs in one basket. Diversify your trading portfolio by exploring other cryptocurrencies or traditional assets to mitigate the risks of shorting BTC. This approach can help balance potential losses and enhance overall trading performance.
4. Stay Updated and Adapt: The cryptocurrency market is dynamic and subject to rapid changes. To make informed decisions, stay updated with the latest news, market trends, and regulatory developments. Be ready to adapt your trading strategy accordingly.
Conclusion:
BTC's fall below the SMA 200 after the Grayscale ETF victory presents traders with an opportunity to consider shorting BTC cautiously. However, it is crucial to approach this strategy with utmost care, conducting thorough research, defining risk tolerance, diversifying your portfolio, and staying updated with market dynamics. Remember, trading involves risks, and exercising caution and adopting responsible practices is essential.
Note: This article does not constitute financial advice. Traders should seek professional guidance or conduct further research before making investment decisions.
Grayscale Victory Funded by Perpetual Future BTC TradingIn the ever-evolving world of cryptocurrency, Bitcoin (BTC) continues to dominate the market, attracting both seasoned traders and new investors. Recent developments surrounding Grayscale's victory have shed light on the influence of perpetual future trading in shaping the BTC landscape. Today, we delve into this topic cautiously, urging traders to be wary of who trades BTC and to exercise prudence in their investment decisions.
Unveiling the Grayscale Victory:
Grayscale, a digital asset management firm, recently made headlines with its monumental victory in the SEC's lawsuit. This victory has solidified Grayscale's position in the market and highlighted the role of perpetual future trading in funding such endeavors. Endless future trading refers to a trading strategy where traders enter into contracts that do not have an expiration date, enabling them to hold positions indefinitely.
The Influence of Perpetual Future Trading:
While perpetual future trading has merits, it also introduces volatility and uncertainty into the BTC market. The ability to hold positions indefinitely allows traders to exert significant influence on the price movements of BTC. This influence, coupled with the vast resources at their disposal, can potentially distort the market and impact the decisions of other traders.
A Call for Caution:
Given the increasing prevalence of perpetual trading, BTC traders must exercise caution and remain vigilant. Here are a few points to consider:
1. Research and Verify: Before making any investment decisions, thoroughly research and verify the credibility and intentions of the parties involved. Look beyond the surface and explore the trading strategies employed by BTC entities.
2. Diversify Your Portfolio: Instead of relying solely on BTC, consider diversifying your portfolio with other cryptocurrencies or traditional assets. This approach can help mitigate risks associated with the influence of perpetual future trading on BTC.
3. Stay Informed: Regularly stay updated with the latest news and developments in the cryptocurrency market. You can better assess the impact of perpetual future trading and make informed investment decisions by keeping yourself informed.
Conclusion:
As BTC continues to gain popularity, traders must be cautious and discerning in their investment choices. The recent Grayscale victory, funded by perpetual future trading, is a timely reminder of the potential risks associated with this trading strategy. By researching, diversifying, and staying informed, traders can confidently navigate the BTC market and protect their investments.
Call-to-Action:
In this volatile landscape, it is crucial to remain cautious when trading BTC. Take the time to understand the motivations and trading strategies employed by entities involved in the market. By doing so, you can safeguard your investments and make informed decisions. Stay informed, diversify your portfolio, and trade responsibly.
Bitcoin Surges as US Court Overturns SEC's Rejection of ...Bitcoin Surges as US Court Overturns SEC's Rejection of Grayscale's ETF Application
Bitcoin experienced a surge, reaching a two-week high on Tuesday, following a significant ruling by a US court. The court found that the US Securities and Exchange Commission (SEC) had erred in denying Grayscale Investments' application to establish a spot bitcoin exchange-traded fund (ETF). This verdict marks a momentous victory for the asset management company.
The cryptocurrency was last seen trading almost 7% higher at $27,910.
A panel of judges in the District of Columbia Court of Appeals in Washington declared that the SEC's refusal of Grayscale's proposal lacked justification and was arbitrary. This ruling stemmed from the SEC's inconsistency in treating bitcoin futures ETFs and spot bitcoin ETFs differently.
Details on Grayscale's Case
In the previous year, the SEC rejected Grayscale's bid to transform its Grayscale Bitcoin Trust into an ETF.
While the SEC has turned down proposals for spot bitcoin ETFs, it has approved ETFs tied to bitcoin futures, which mirror agreements to buy or sell bitcoin at predetermined prices.
Grayscale suggested implementing the same safeguards against manipulation that were endorsed for futures ETFs. However, the SEC contended that this did not meet its criteria.
Grayscale was one of several asset managers, including prominent names like Cathie Wood's ARK, Fidelity, and Invesco, whose spot bitcoin ETF applications were denied by the SEC on grounds of investor protection.
In contrast to the other companies, Grayscale chose to take legal action against the SEC. Since the defendant was a regulatory body, the case was directly escalated to the appeals court.
Grayscale's Legal Argument
Grayscale's argument rested on the premise that the surveillance measures for bitcoin futures ETFs would also be suitable for their spot ETF, as both products depend on the underlying price of bitcoin.
Bitcoin futures ETFs track futures traded on the Chicago Mercantile Exchange (CME), a primary platform for such products.
The SEC pointed out that the CME actively monitors "futures market conditions and price movements in real time" to detect and prevent distortions, including those caused by manipulation.
Donald Verrilli Jr., lead counsel for Grayscale, highlighted in March that a spot bitcoin ETF would enhance investor protection, as it would enable them to benefit from CME oversight of the market. Presently, most Americans invest in bitcoin through less regulated or even unregulated exchanges.
However, the SEC maintained that Grayscale lacked sufficient data to ascertain whether the surveillance agreement for CME futures could also identify potential manipulation in the spot markets.
Daily Chart Bitcoin
Bitcoin ETF Victory Sets the Stage for a Bullish SurgeIntroduction:
Attention all traders and crypto enthusiasts! Brace yourselves for some exhilarating news that could potentially ignite a massive rally in the Bitcoin market. Grayscale, the renowned digital asset management firm, has recently emerged victorious in a groundbreaking court case, paving the way for the first-ever Bitcoin ETF. This monumental development has created an unprecedented opportunity for traders to capitalize on the imminent bullish surge in Bitcoin's value. So, buckle up and get ready to dive headfirst into the world of long BTC with an incredibly tight stop loss!
Rejoicing in Grayscale's Victory:
The recent court ruling favoring Grayscale's Bitcoin ETF has sent shockwaves throughout the crypto community. This landmark decision signifies a significant shift in the regulatory landscape, allowing institutional investors to pour funds into Bitcoin like never before. With this legal barrier removed, we can expect an influx of capital into the market, driving Bitcoin's value to new heights.
Seize the Moment - Long BTC:
Now is the time to seize this golden opportunity and make a move that could potentially change your financial future. By long BTC, you position yourself to ride the wave of this anticipated bullish surge. As institutional investors flock to join the Bitcoin bandwagon, the demand for this digital gold will skyrocket, propelling its value to unprecedented levels.
Tight Stop Loss - Minimize Risk, Maximize Gains:
To ensure you are well-protected against any potential downside risks, it is crucial to implement a tight stop-loss strategy. By setting a predetermined exit point, you can limit your losses while maximizing your potential gains. This approach allows you to confidently navigate the volatile market, knowing that your investment is safeguarded against unexpected downturns.
Join the Bitcoin Revolution - Take Action Now:
Are you ready to embark on this thrilling journey towards financial prosperity? Don't let this opportunity slip away! Take action now and long BTC to position yourself at the forefront of the Bitcoin revolution. Remember, fortune favors the bold, and with Grayscale's ETF victory, the time to act is now!
Conclusion:
The recent court ruling favoring Grayscale's Bitcoin ETF victory has set the stage for an exhilarating bullish surge in the Bitcoin market. By long BTC with a tight stop loss, you position yourself to capitalize on this momentous opportunity. Embrace the excitement, seize the moment, and join today's Bitcoin revolution! Don't wait for the train to leave the station without you - take action now and secure your place in the world of crypto success.
Short Entry for Bitcoin near-termFire at will!
Bitcoin broke a short-term consolidation to the upside
Strong resistance ahead from a previous channel breakdown
Current price action is likely a short-squeeze
CME Gap at $28,500
We can short within the target box at $27,800 - $28,500
TP1 at $24,300
TP2 at $23,200
Please ensure risk management and stop-loss (trailing $29,100 , $29,600 , $30,200)
Happy Sniping!
Long idea on $BTCI really like the way the market is moving. I like that the crowd is now very actively going into shorts (as if Ilon mask sold BTC - actually no), we have a good block of 25300-24200 where I will take long positions, fixing 27500-28500 . I watched various chats where they wrote that they were liquidated for large sums ... Funding on various exchanges is even negative. And if we go below the block, I don't have very good news, but for now I'm watching and working on this idea