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Crypto-Lover-artist
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Crypto-Lover-artist
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My (Crypto Lover Artist's) latest analysis. Full details posted on Steemit. The market is currently sitting on a knife-edge. A break below current levels could see a swift move to $100,000. Conversely, if this support holds, a bounce is possible. Given the recent failure of $BTC to hold above $105,000-$106,000 and the bearish signals on some indicators, a cautious short-term bearish stance might be considered, or waiting for a clearer break of support/resistance. However, if forced to make a call for the next 1-3 days with the current information: Suggestion: Short #BTC Reasoning: The price has broken below recent support levels (around $105,000-$106,000), and short-term momentum indicators (like RSI coming off overbought and negative divergences mentioned) suggest potential for further downside before finding stronger support. The $103,400 level is critical; a sustained break below it strengthens the bearish case in the very short term. Entry Price: Around $103,200 - $103,500 Target Price: $100,500 (targeting the significant psychological and technical support level). Stop Loss: $105,600 (This is above the recent breakdown area and above the 20-day EMA, which would invalidate the immediate bearish idea if reclaimed decisively). Confidence Level: Medium-Low (55%). #Bitcoin
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what #OrderTypes101 spot order , future orders , options (dual earn etc) I only stick to Spots. safer and also not haraaam Futures and others can be very risky and most people lose their life savings
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Good analysis! I agree!
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#CEXvsDEX101 cex means centralized exchange (like Binance and other famous ones) dex means decentralized exchanges. Many out there a huge scam is when some CEX pretend to be DEX another issue is, many DEX can have bad security (many have been hacked) and CEX have been hacked too... so it depends
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My trading types Panick and sell everything in correction . lols.. have little patience young padowan. wait for the dip fall is good, we'll buy the dip! enjoy :) #TradingTypes101
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