#tencuidado 🥁 $BTC Bull trap... The LAST market shakeout before the big surge!
If you survived until now, your chances of making thousands or even millions are high. Although the big fake surge might not be over yet. In this post, I will explain what to expect next and why this is the best time to hold your positions and enjoy the profits later.
If you are new to cryptocurrencies, right now you would be scrambling to sell your positions to maintain your futures positions. But if you have been through the last cycle, then you know very well that market makers (big whales) are selling to create fear of missing out and make ordinary people fear their positions and rush into the crypto market.
🪙 Chart of #BTC : historical false increase and what comes next:
Reaching $89,000 yesterday caused a billion dollars in liquidations, as BTC tends to capture lower liquidity before the next increase.
97,117.19
+4.49%
We saw the sudden recovery to $94,000, which showed market manipulation, as BTC should rise above $96,000 and then to $100,000 to ensure maximum liquidity.
In the next image, you can see the same scenario that is currently happening. We should wait between 4 and 7 days to ensure we return to bullish levels, as the market remains dangerous.
$ETH yesterday fell to $2900 and captured most of the lower liquidity.
3245
+2.93%
This gives us the feeling that the altcoin season is next. (I will post a complete explanation today).
For now, all we can do is hold our positions, not play with futures or leveraged trades, and wait a few days to see how the market responds.
Remember that January 20 is an important date (Trump takes office), so multiple manipulations could occur beforehand.
Make sure to read my next post, as it will be the most important explanation about what comes next with the altcoins.
Until then, hold your positions and remember that cryptocurrencies are a waiting game🥂
Here are the big purchases from last night regarding #BTC AND THE GREAT MANIPULATION.
