BTC/USDT DEATH CROSS (I am not doing anything)BINANCE:BTCUSDT TF 1D
Sometimes Lazy is good, We rode that 31K you saw our previous Chart.
Yet to admit I really acted like a whale getting greedy to the Death cross momentum and
get the 20WEEK MA be Gold Cross for everyone not just for me and for you as well.
Open your eyes it is being fished we are fished by whales. Why not let the whales vs whales...
Let sit at the bottom of the ocean floor and buy the whale that will crash. Let's not fight it.
REMEMBER WE CAME FROM THIS TO HERE WHERE WE AT SITTING WHERE THIS DEATH CROSS; it's Inevitable!
15/6/2021
> G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks.
> Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya. Here
> Crypto Not a ‘Viable Investment,’ Goldman Sachs.
> Johannesburg Stock Exchange Rejects Bitcoin ETF Application, Cites Lack of Regulatory Framework.
> MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase.
> Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims.
> Lack of crypto regulations alarming, says Italy's stock market regulator.
> Bitcoin sell pressure may hit zero in July thanks to Grayscale’s giant 16K BTC unlocking.
> China debuts blockchain-based digital yuan salary payments in Xiong’an.
> Korean banks will need to classify crypto exchange clients as ‘high risk’.
> Paul Tudor Jones on the Fed, Inflation and Why He Recommends 5% in Bitcoin.
> Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender.
> New Zealand already had a bank recognize to accept El Salvadors National Currency (btc) as an act of now waging war against them.
> Elon musk is operated by his own company. He is what he is and he does what his company needs, getting the news out and riding the obvious and claim he did it, and he caused that major movement at the market. (we know he did not)
> French Football Federation launches official player NFTs with Sorare.
Psych : they will use FUD to really push that price down until they fill in the depression stage where whales will be profitable on that death cross.
It is programmed to happen and it must, to call it a healthy market. Tendency small to mid hands like you and me are making ways to snipe that cross and call for a short. Sometimes doing nothing is the best thing to do. start selling your spot 50% incase you got left out at the top use your investment and 50% you sold to buy that efing DIP... in anycase still that is just how I always do it and it is aggressive and safe at the same time. Going High risk to security stage putting stop loss even at spot. Auto selling this coins using tools that I use like coin panel.
Whales
Whales are at it again....Elon Musk and Tudor Jones both came out talking bullish about BTC and it rallies up..... Come on people, we've seen this before, its called um.... oh yea, PUMP AND DUMP!!! (2 hour chart displayed)
Don't fall for the same tricks! Take a small amount of profit if it seems logical to do so depending on your position and buy the dips! Don't give in to the hype - and don't buy at the top of a wave! Oh yea, and have a beautiful day. :)
Sincerely your Crypto Helper Friend,
- Jay
Rising Wedge for previous correction vs Current oneKeeping it simple. This correction is almost done and it formed a stronger rising wedge than the previous correction.
The news narrative has changed to positive mostly as the Market Makers pretty much finished accumulating.
We should expect BTC to break 40K soon if there are no unforeseen panic events and I don't think our beloved market makers would like a broken market where nobody would buy their mostly fake positive news.
Bitcoin Death Sunday
Just a quick post to explain why i never trade on SUNDAY.
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So in the Graph Color Palette is :
- Green = Bullish Day
- Red = Bearish Day
- Blue = Neutral ( Standard Doji )
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- So now look at graphic because it speaks by himself. How many Green Lines, how many Blue Lines and how many Red Lines ? just count.
- it's very simple to understand the reason, institutionals like CME are closed, so Whales are alone and play around with markets and try to Rekt Retails investors.
- For Security its always better to wait Monday and check if CME Markets sentiments are Bullish or Bearish.
- Some Sunday.. TheKing is Bullish but if u check the ratio, it not worth the try..
Enjoy with your family on Sunday !
Happy Tr4Ding !
CRYPTO POTENTIAL ( SAFEMOON ) Lets take a look at Technicals first and then ill give my indepth opinion on this Crypto.
Market Cap
$2,359,673,071 if this continues to drop we may see the price we would like in order to get the best possible price!
^3.14%
Fully Diluted Market Cap
$4,099,440,235
*3.14%
Volume
24h
$28,348,534
^3.63%
the way to play this would be wait for the extension of the 120% fibb. this will most likely look like a long bearing candle with an extremely long whick / candlestick . if prices reach our extension i will have to break down on a smaller time frame to find percise entry location but anywhere near 0.02-0.001 would indicate to me that we have entered the final wave before entering the next 5 way extension to the upside.
key locatons 120% - 222% retrace .
breaking down the charts is indeed a hobby , perfecting this skill is entirely underrated.
im analyzing from a more practical outlook , waiting for oppertunites when none seem to be
Present is indeed something more of a theory than a gaurante.
when monitoring these charts for entries i personally like to set alarms / slerts around key areas
just incase i am inn-active when these prices become present.
this will indeed help refine the technique .
#SKL will need a few daysHi guys
if I'm correct, I believe SKL will need a few days to get back to 0.60 - 0.70
we will probably see some up and downs over the next days.
lets hope some whales can see the opportunity and help us out!
the market supply is so low for SKL... how I wish to see half of #XRP market cap down here...
Bitcoin Out of Capitulation? Can we get back above 200 day MA.It wouldn't be cryptocurrency if we didn't have eye watering corrections like these. I guess this is the price we pay for having astronomical gains and cryptocurrency still being in its infancy stages as a market and technology. Its been blatantly clear that there has been a lot of institutional and whale buying during this market crash.
I have a short term 1 hour channel of Bitcoins capitulation trend. We slightly broke out of the capitulation channel but we may re-test $35,000. Seems like we may have formed a double bottom but we'll see. We're trending back towards being over the 200 day moving average. These are good signs of recovery.
A lot of other analyst are stating we're in a "dead cat bounce" and we may head towards the lower $20,000 levels. That's possible if we drop back below $30,000 but I see way more support and recognition above $30,000 than there is at the $20,000 level. Even if we did drop back to $20,000 most people would buy that up in a heart beat. This crash is driven by nothing more than fear and emotions because at the end of the day the fundamentals of Bitcoin remains the same. Just my opinions.
Much peace, love, wealth, and health. And yes, I strengthened my family's Bitcoin and Ethereum positions this crash.
BTC- Fundamental, market cycle and capitulationThe great unwind... As Mark Cuban calls it. Such capitulations are, however, not uncommon throughout Bitcoin's history. Feb 2018, Nov 2018 and Mar 2020... To name a few. Of course, to newcomers, such volatility is difficult to stomach. At least, that was how I felt back in 2017.
The latest China FUD is simply three banking and payments associations in China reiterated on the central bank's 2017 ban on financial institutions and payment firms engaging in cryptocurrency transactions and these rules have been in place since 2017. China has been banning the retail trading and the operation of crypto exchange within China’s jurisdiction since 2017. I know this because I was at the front row seat and watched this event unfolded which also coincided with the deep correction of Ethereum from $400 to $140.
China’s latest crackdown on Bitcoin mining will be limited to operations that are not using hydroelectric power. If you think about it, it’s actually good for BTC’s reputation and the global environment in the long run as the world’s adoption of the decarbonation accelerates.
Elon musk’s bashing of BTC…. Hard to take him seriously when he doesn’t even know the high ownership concentration of DOGE and when he believes that he can magically 10x the block size of DOGE. Obviously, he hasn’t thought seriously about the scalability dilemma and the tradeoff between privacy & decentralization and transaction volume/speed/cost. He is right about the BTC’s environmental impact though and it is an important issue for Bitconers to address as the worldwide trend toward the greener environment marches on. I just wish that he didn’t flipflop on whether or not he would allow Tesla to accept BTC payment.
FOMOers, long-term holders/whales and miners determine crypto’s market cycle. Let’s examine them one by one.
Short-term holder's capitulation-
Panic selling is actually good as weak hands get shaken out and market cools off a bit.
Both aSOPR and STH-SOPR have dipped below 1.0 recently indicating the widespread and aggressive panic selling by new holders.
# of address with a non-zero balance has also decreased which is another sign of panic selling by FOMOers.
Bitcoin’s Net Transfer volume from/to Binance is another panic selling indicator as it went up when panic selling intensified.
Long-term holder is HODLing-
The ASOL, CDD and Dormancy metrics are all down indicating HODL sentiment among long-term holders.
# of Bitcoin supply held by Long Term Holders indicating that LTHs haven’t distributed their holdings to the lvl where the new accumulation phase typically begins.
Coinbase’s outflow continues to increase and its balance continue to decline which indicating institutional accumulation and demand and the increasing # of accumulation addresses also point to the same trend.
Total supply held by long-term holders has also slightly increased though this data by itself doesn’t tell us if LTH is accumulating at the bottom of the bullish retracement or the beginning of bearish cycle.
Miners' accumulation-
Last but not the least, miners’ behavior has great influence on the market sentiment. Both Bitcoin’s Miner Net Position Change and OTC Desks Balance indicate that miners are bullish and are accumulating BTC instead of distributing it.
Most other on-chain datas and technical indicators such as BTC NVT price, Bitcoin Difficulty Ribbon and Mayer multiple paint a bullish picture as well . However, one thing that concerns me is that Bitcoin Wallet Sizes: > 1,000 BTC seems to be declining a bit.
It’s possible that the price can continue to fall and bottom around 25k, but the likelihood of it happens will depend on if BTC can convincingly break above 38k and how long BTC stays below 40k. Whatever you do, base your judgement on the combination of different source and analysis rather than the biased intuition and simple trading patterns. Most importantly, play the long game. It's paramount that you can survive the bearish cycle, which will come eventually, and have enough capital set aside so you can buy at the bottom formation and enjoy the fruit of your labors when the market rises up again.
DOGE XRP FractalXRP Fractal 2017-2019 Fractal incoming for DOGE?
XRP was the dream coin of the last cycle, it seems that DOGE is the dream coin of this cycle.
This might be even worse though because XRP at least has active developers and teams working on it.
DOGE only has a litecoin fork with unlimited supply and cute dog logo.
Whales hold most of these coins, expect dumping for the next 2 years, with big XRP style pumps in order to distribute coins at high price level.
Doge Prediction - Repeated doge patternThe whales are following the same pattern repeatedly - they want price to go up to sell and then buy lower, then repeat. This is a potential timeline of that pattern.