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Alex Friedman Crypto
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Bullish
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#TOTAL3
marketcap shows us that the bottom was in. now steady growth until we break through the resistance. The trigger event can be next week FOMC meeting. There is over 90% chance of rates being cut. Buckle up🚀🚀🚀
#Altcoins
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Alex Friedman Crypto
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Bitfinex BTC longs have reached their highest level since Q1 2024. Whales are positioning for an explosive #BTC move. Last time it went this high , whales started to close their longs and btc went parabolic. 👀
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Market Update #BTC is holding up on weekly with a bounce from the supporting trendline marking as seems like another bottom for Bitcoin . Today is the first rate cut after #FED announced #QE earlier this month. These combined with a rumour of the new FED chairman and the 50bsp rate cut could send Bitcoin to knock on new #ATH . All eyes on todays #FOMC decision.
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#BTC is sitting on the crucial trendline that is alongside with ema that is holding the price on support. Any close below this trendline on weekly may trigger a short term selloff to clear the field for an upside move. If we bounce here.. new #ATH s are inevitable for both #Altcoins and #BTC 🚀🚀
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All charts on HTF are screaming reversal.. #TOTAL is sitting on strong supporting trendline waiting either to #bounce or break down.. Looking back.. we have had bounce from here multiple times.. will the history repeat?👀
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Over $636 million in crypto positions were liquidated in the last 24 hours, with $567.35M from longs and $69.54M from shorts. Some say it was unpredictable but Japan's 20-year bond yield rises to the highest level seen since 1998. I call it the cause of wipeout we just encountered. Crypto gets hit first and is always the is the first to recover 😎
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