Do you think Bitcoin will print a weekly lower high here? | CRYPTO MECHANIC on Binance Square

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CRYPTO MECHANIC

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Do you think Bitcoin will print a weekly lower high here? 

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We discussed on monday that the Daily/Weekly charts are fine and bulls will remain in control as long as $BTC $88k-90k zone. Actually i have been giving you every single update that was needed on BTC. Besides the structure being still bullish I don’t think this is the right place to chase Bitcoin if you missed this whole move. The price is now sitting at key supply zone. Better entries can be on pullback or we can always plan it even at higher prices with a less risky setup. In my opinion market will likely punish the late longs soon.

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Nothing much going on there on $BTC Price trading between the monday high and monday low. US non farm payrolls (NFP) data is due tomorrow that will probably give a direction.

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Okay Mr President

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Just an hour before i said it will end up going lower. and now it dumped over 50% in an hour. But it must be a late dump for most of the traders as they got liquidated on this sharp move up. $45.73M was liquidated on $ALPACA , including one trader who got liquidated for $3.98M.

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The market makers literally destroyed $ALPACA shorts. Will it happen with other tokens getting delisted? Well With Alpaca it was different because alpaca had futures pair also. Traders shorted it thinking it will go down because of delisting announcement (The easiest money they can ever make) but guess what happened they all got busted with a 20x move in just 7 days. Eventually it will end up going down but this is the perfect lesson to learn that the market can always do the unexpected. I never touch tokens that about to delisted.

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