Yes, btc touched 65 levels again. If this level is maintained, we can see a very bad rise in altcoins. But this tells us that we should be careful. I expect a sharp correction close to the US elections. #btc #HMSTR
Right now it is doing the small decline it always does at these hours and it will turn green in about 10 hours. As I am writing, it is at $BTC 64.078 levels, it will pull back to 63 and then close around here again, we are used to it now.
How to decide when to exit after a possible bull run?
Set a target for yourself in the btc parameter for exiting coins that you trust and know have limited supply, and exit when you reach that target. Escape the market with 90% of your profit. Wait for the big short with 10%. This is my opinion.
It is neither rising nor falling, but everyone knows that it is currently moving close to the 64500-64600 resistance range. It is quite boring and troublesome. No one can predict which way it will go. Obviously, we will wait for the important decisions to come this week. Those who want to gamble can open a stop-long or stop-short from here, but as I said, these transactions are no different than gambling. Don't believe anyone who tells you which way it will go right now. Stand firm. 💪💪💪 #btc
I will tell my comments about the coinglass liquidation heatmap that everyone loves.
In my opinion, it is not right to take transactions according to this data, I have made this mistake before. Now I will explain why it is ridiculous. The liquidation levels are definitely correct, but there is a small nuance, only the data of small investors is shown. There is no data of the coinbase exchange where whales buy 😂😂. In other words, while whales can open transactions according to us, we cannot open transactions according to them. In fact, we see that it increases when we expect a decrease and open shorts, and decreases when we expect a rise and open longs.
We need to be at the exact opposite of whatever data the majority looks at and takes a position. Be in the minority, not in the majority. 💪💪💪💪💪 #btc #rose #cati #coinglass
I think binance square is a very productive place. Especially for us small investors, we can see the reaction in the market in general. Right now, fomo is dominant in square. They will not make anyone rich by lifting it from this level. BTC has returned from 48k levels right now, but I don't think any small investor has been costed from there. Most small investors have been costed between 55-65. After the Fed's interest rate decision, an unexpected increase and then no one could keep up with the market. The market has stopped right now so that we can catch up. But I wonder if this is a real stance or if they are preparing to lock up goods from here again. Please trade carefully. Stay away from the futures market until the US election.
But it is also possible that I am wrong
Don't listen to anyone, my aim is just to give you perspective. #btc #resesyon