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Khurrus
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Bearish
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Short alert 🚨 it's time to dump.
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Khurrus
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After a few days of observation, I've noticed that BTC is decreasing while ETH is still increasing. This is a good short-term sign. The capital is not being withdrawn but is being pumped into altcoins. However, it's less sustainable in the medium term because BTC is still the leader. Always be ready to take profits on altcoins and return to BTC. Therefore, recently it has been very difficult to find the right frame for altcoins. I only monitor the overbought and oversold signals of altcoins to enter trades. I'm not sure if the market makers intend to push further since they hold the reins. Altcoins are like a double-edged sword with large liquidity zones in the short term. If trading, still watch for overbought and oversold signals and clear signals from BTC, and take profits or set positive stop-loss orders. Returning to the main asset, BTC has tested the most recent bottom at 106,800. The daily chart shows an RSI divergence indicating a decrease, while the volume also decreases as the price drops. This is a potential short-term price decrease signal. However, the volume has not yet reached the necessary decrease level; it seems to be weakening. On a smaller timeframe like H4, we see that it has not broken below 106,600, only stopping at 106,800. But the distance between the moving averages has come closer together at 106,800 and 106,000, touching the lower Bollinger Band which acts as support at 106,800 on the H4 chart. This indicates that a volatility is imminent. - According to the daily chart, it's bearish and the H4 is also bearish, so it will continue to test the bottom in the coming days. Whether it decreases significantly or not still depends on the trading volume. This depends on market makers. $BTC
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Top 10 billionaire $WCT
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I think it's time to dump back to 0.7 then again pump back to 1 dollar $WCT
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