Hello everyone,
Today I have some free time to take a look at the total 3 chart because I see some guys are really annoying:
1. There are 2 important levels in the retest of total 3, which are 750 and 650. It is entirely possible that it tests these 2 positions, so we should prepare for the worst-case scenario. The final target is 1750 for ETH.
2. At this position, the market maker will try to make you lose all your money to play futures, so try to preserve your capital as best as possible.
3. For now, total 3 may move up to about 950B-970B and may not retest immediately, so stay calm.
If you have already entered at this position, then sell a little to USDT at 950B and keep some USDT to buy if it goes back to 750 or 650.
The job of the market maker is to manipulate, while our job is to anticipate potential scenarios. It’s not about guessing and going all in.
And finally, there’s that issue where the downtrend continues when
$BTC hasn’t released dominance.
1 is that the market maker is looking for the best distribution position for BTC, 2 is that it pulls ATH further before distributing it.
As long as BTC hasn’t distributed, there’s no downtrend.
Stop f**king around.
$ETH is still bad as before, and
$BNB is having some meme plays from CZ attracting liquidity, probably a drop again 🥶🥶🥶
#btc85ksoon #btc86 #BTCNextATH?