Analyst says crypto market is shifting from a no-hope state to one of renewed hope.
The reputed analyst has made many accurate predictions before.
He believes volatility will drop and the price of BTC will soar soon.
A reputed analyst known for his many accurate silver-tongued predictions has been preaching about the need for all traders to place hedge trades, as he expected a very volatile week from the crypto market. Presently, he says that the crypto market is shifting from a no-hope state to one of renewed hope, one where political strife ends with peace, which could then reflect bullishly on the crypto market.
Crypto Market Shifts From a No-Hope State to One of Renewed Hope
The past week has been turbulent for the world as war possibilities broke out between Israel and Iran. The US then stepped up to assist Israel, giving Iran a deal that could bring an end to the brewing war. During this time, the crypto market remained mostly stable as prices did not since below the $100,000 price level. This showed strength and resilience for BTC pointing to much higher prices on the horizon.
https://twitter.com/DrProfitCrypto/status/1935454635134697735
As the analyst in the post above puts it, the market is shifting from no hope of a deal to renewed hopes of a deal. He says that this repricing is happening now and needs to be reflected on the charts. Saying that the market will continue to pump as smarter money outside this bubble understands one thing: the US-Iran deal must be priced in, yet no one knows if the deal will succeed.
He says the top trader will have to bet on this move. For if one misses this move, then they would miss a crucial position in a very important round. Thus, he concludes that the next move is obvious, which is that shorts will get squeezed hard. When that happens, the move up will be fast and brutal, leaving retail stuck on the sidelines once again. He finishes by drawing attention to the long order he placed at $104,500.
Bitcoin to Swivel Up or Down?
In the past week, Doctor Profit set up several short orders to benefit from the volatile crypto market state. Out of his many short orders, he confirmed that he took profits on all of them as he closed them recently. He has now set up a long order hinting that a monumental price pump will occur soon, which is the pump that was delayed due to the war escalations. He also shares a post highlighting all the profits he made over the last week.
https://twitter.com/DrProfitCrypto/status/1935443238674121017
As we can see from the post above, Doctor Profit has been very transparent with his traders so far. He says that the move now, which will occur as a result of the war, will either take BTC to new highs or will take it back down to the $93,000 to $95,000 price range. He has set up hedge trades to manage and preserve his capital. However, his latest expectation suggests that the price of BTC will shoot high.
