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Cryptosharkkk
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Cryptosharkkk
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#BTC short positions open
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#Bitcoin moving towards 87-88k region as mentioned in the Tweet from 12th of March. If market allows to visit the region of 87-88k I add more shorts on the existing one from 90k. Aiming for the next target of 74-68k which would be my final take profit area before going long #BTC
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The Magic Line Decides Everything This golden support holds the answer to the golden question: bull or bear? Technically, we are still in a bull market. Let me say it again, and as mentioned before a massive correction, even 30-50%, does NOT mean a bear market. Look at history. In 2020, we never lost this magic line until the bear market was confirmed. Same rules apply now. Right now, the magic line sits at $74,000. If Bitcoin touches it, this is how I will play it: 1. TP1 for the big Bitcoin short set at $74k-$75k (closing 50% of the position), other 50% to be closed at 50-65k if market allows to visit. 2. Lining up spot buy orders at $68k, $63k, $61k, and lower down to $50k, if the market allows us to visit those regions with lovely wicks, I will hunt it. VERY IMPORTANT: Deploying a hedge long at the magic liner region, and using 10% exposure only, mainly liquidity I will use from the TP1 short. Example: If my total spot limit orders add up to $100K, I’ll open a $10K x10 leverage long. This move lets me capitalize aggressively with minimal exposure while securing profits along the way. I’m watching this move closely, factoring in the stock market as well. My 90K short’s TP1 aligns with this level. If Bitcoin bounces hard, I’ll re-enter. If it shows weakness, I’ll stay in cash and hunt for lower entries between $50K-$60K. One thing is clear: Bitcoin will visit this zone. And only then will we know our next move. #BTC
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You are a trader and you spot one Bullish divergence on Bitcoin but a Bearish Divergence in the stock market. Both are in the daily time frame. What are you going to do ? Its a very simple answer, which market is the bigger market? If the bigger market takes a hit, it will be over for every single market below the bigger market. What is bigger than the market? The FED is bigger than the Market! Is the FED in trouble? So it def affects the market. Stock Market > Crypto Market Crypto Market > Watch Market If stocks go down, Crypto goes down If Crypto goes down, Watches go down Very simple. So why are people ignoring the bearish facts on the bigger market ? And fully relying on the smaller market? It doesnt make sense #FollowTheLeadTrader #MGXBinanceInvestment #BTC
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Current Status: - Shorts open from $90,000 - Targets of 83k and 78k been hit - Waiting for the third target of 68-74 - Long orders between 68-74k, prepared - Spot orders between 48-60k if black swan #MGXBinanceInvestment #BTC
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