🚨MANDATORY READING 📢
NOW THE LONG-SHORT RATIO FOR BITCOIN IS ALARMINGLY LOW, 0.46 TO BE EXACT. THIS MEANS THAT MOST LEVERAGED TRADERS ARE EXPECTING THE PRICE OF BITCOIN TO FALL FROM ITS CURRENT VALUE. INTERESTINGLY, THE LIQUIDATION MAP ALSO INDICATES THAT CUMULATIVELY THERE IS A SIGNIFICANT AMOUNT OF LIQUIDITY UP TO THE PRICE ZONE OF $101,300. MOREOVER, THE FEAR AND GREED INDEX IS 76, WHICH INDICATES THAT THE MARKET AS A WHOLE IS IN A GREEDY MENTALITY, HISTORICALLY SUGGESTING THAT INVESTORS SHOULD CONSIDER TAKING PROFITS ON THEIR INVESTMENTS WHEN POSSIBLE. THIS PARTICULAR DATA IS LEADING MOST LEVERAGED TRADERS TO OPEN SHORT POSITIONS FOR BITCOIN AND THIS BEHAVIOR IS VERY CRUCIAL FOR THE NEXT MOVE IN THE PRICE OF BITCOIN THIS COMING WEEK. EVEN THOUGH THERE IS A LOT OF LIQUIDITY BELOW, ALONG WITH THE MARKET BEING IN THE GREED AREA, THE MARKET WILL GO IN THE EXACT OPPOSITE DIRECTION TO MOST TRADERS, WHICH MEANS THAT MOST SHORT SELLERS WILL BE PUNISHED BY THE MARKET WITH ANOTHER PRICE HIGH. THIS WILL CONTINUE, DESPITE THE MARKET'S GREEDY SENTIMENT AND THE LIQUIDATION MAP DATA. 🍁
NOW, THE #BITCOIN IS IN A SUPER BULLISH TREND ON 4 HOURS, 1 DAY, 1 WEEK, 1 MONTH, AND 1 YEAR. THIS WILL CONTINUE UNTIL THE LONG-SHORT RATIO GETS CLOSE TO THE VALUE OF 1. 🍁
YOU CAN SAFELY IGNORE ANY OTHER INDICATOR AND ANY TYPE OF CHART PATTERN TO UNDERSTAND THE PRICE MOVEMENT OF BITCOIN RIGHT NOW. JUST READ THIS POST FOR A LITTLE WHILE LONGER. 🍁
SO, YES, YOU CAN STILL BUY BITCOIN AND SEE YOUR PROFITS. TRADE ONLY ON SPOT. BUY BITCOIN, SEND IT TO THE YIELD SECTION OF BINANCE, AND FORGET ABOUT YOUR INVESTMENT FOR A FEW WEEKS. 🍁
I WISH YOU ALL THE BEST. 🍁
#BTC #Market_Update #MarketSentimentToday #Price-Prediction #InvestSmart