$BTC is stormy and the main drivers are American whales - all week active movements begin with the American session and today, Friday, a corrective candle is forming - a fixation of weekly profit. Technically, the double top has completed half its journey, besides the round level at 80k, there is no support and the previously indicated target at 70k becomes more relevant (importantly, do not forget that whales can also push in the other direction, as stop losses have been taken out for most leveraged players). I see the following: sales below 80k with stops at 84-85k and a target below 70k (personally, I do not use shorts, so in this specific case, I cannot substantiate my opinion with action).
At the moment $BTC gives signals for possible growth: a rebound from 94,000 (a bit early, but still) with a 4-day decline overlap (bad that it fell on Friday). Technically, a consolidation above 100k will open the way to a retest of 110k. The picture is much sadder for $ETH : inadequate dilution due to staking creates pressure and although somewhat similar to $BTC , in this case it is more of a falling flag than a signal for potential growth. I bought at 2200-2300, closed part at 2400. I did not set a stop, I am waiting for either 3000 or 2200 to make a decision. Profits to everyone!
#eth #Š ŠøŃŠŗŠø At $ETH , a bad structure of the spike of last Sunday is emerging, and at the same time, the highs of the last six days are lower than the spike high - it looks like there will be another attempt to test 2000. Just in case, I closed part of the position, and also lowered the bid grid from 2500-2000 to 2300-1800.
Sitting on the fence - can be beneficial! Traders, like other professions, have their own slang. For newcomers or those who are out of the loop - this simply means to close all trades and wait. The current situation in the crypto market confirms this. Many cautious trading strategies also imply spending a large part of the time waiting for a good trade. By the way, the absence of a trade is also a trade, as there is no loss, but there is also no profitš. Judging by what happened last Sunday, it was very beneficial to sit on the fence, just make sure not to get caught on a spike! Take care and may everyone have more profits!
About my trades: last time I wrote that I bought ETH at 2500 and set the grid up to 2000. The price has risen - good, but it's too early to do anything. I'm waiting for 3000
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#btc #ETH As someone wrote in the last post, he indulged himself in the hype surrounding the start of trade wars, but the market is still in consolidation $BTC also in the range of 90-110k and $ETH 2000-4000 (hmm... wide flat). At the same time, the current quotes clearly say to refrain from any trading. As a result, the calm after the storm or before the storm? In such a market, it is convenient if you are a liquidity provider. And for the rest? Better to wait if you are a cautious trader (not me): at $BTC look at sales below 90-85k (honestly, I don't open shorts myself - the risk is uncontrollable) and purchases above 110-115k (although the risk-return in such a position is not adequate). For the impatient like me: you can try to buy at 90 and below (it's risky) and look for profit in the region of 110 and further on the market, the main thing is not to forget to pull up the stop loss.
#btc #ETH As someone wrote in the last post, he indulged himself in the hype surrounding the start of trade wars, but the market is still in consolidation $BTC also in the range of 90-110k and $ETH 2000-4000 (hmm... wide flat). At the same time, the current quotes clearly say to refrain from any trading. As a result, the calm after the storm or before the storm? In such a market, it is convenient if you are a liquidity provider. And for the rest? Better to wait if you are a cautious trader (not me): at $BTC look at sales below 90-85k (honestly, I don't open shorts myself - the risk is uncontrollable) and purchases above 110-115k (although the risk-return in such a position is not adequate). For the impatient like me: you can try to buy at 90 and below (it's risky) and look for profit in the region of 110 and further on the market, the main thing is not to forget to pull up the stop loss.
Opinion-action: bought ETH at 5% margin, grid of orders to buy up to 2000 at 15% margin, for the entire leverage of 3. Contract to buy BTC in bi-currency at a price of 85,000 on 02/21/2025.
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Waking up on Monday morning, it turned out that the morning is not so good))) A sell-off at the market, someone is crying, someone is looking for news (don't worry, there will be some to justify such a drop). And if we look at it coldly. $BTC has been consolidating since November 2024 in the range of 90,000 - 110,000. Against the backdrop of mass hype propaganda among the whales, it is quite possible that there is a conspiracy, it makes sense to drop below 90,000, for example down to 85,000, not just to trim but to completely shave off the small investors (with leverage above 5, which most trade - this is a disaster). I am not in $BTC , but I have to review it. I trade $ETH , but it's more complicated here: the transition to PoS and the unbroken highs indicate that the dilution is too high. In such a situation, further decline could very well push the level down to 2000 (since the beginning of 2024). With leverage of 3, a stop-out around 1500 becomes quite likely. Two scenarios are emerging: the first (in my opinion, unlikely) - a test of support and a new impulse above the maximum, the second - a transition to a crypto winter stage, historically a decline of 30-35% from the last maximum.
Waking up on Monday morning, it turned out that the morning is not so good))) A sell-off at the market, someone is crying, someone is looking for news (don't worry, there will be some to justify such a drop). And if we look at it coldly. $BTC has been consolidating since November 2024 in the range of 90,000 - 110,000. Against the backdrop of mass hype propaganda among the whales, it is quite possible that there is a conspiracy, it makes sense to drop below 90,000, for example down to 85,000, not just to trim but to completely shave off the small investors (with leverage above 5, which most trade - this is a disaster). I am not in $BTC , but I have to review it. I trade $ETH , but it's more complicated here: the transition to PoS and the unbroken highs indicate that the dilution is too high. In such a situation, further decline could very well push the level down to 2000 (since the beginning of 2024). With leverage of 3, a stop-out around 1500 becomes quite likely. Two scenarios are emerging: the first (in my opinion, unlikely) - a test of support and a new impulse above the maximum, the second - a transition to a crypto winter stage, historically a decline of 30-35% from the last maximum.
#Trump #Ponzi Strange people - investors, on one hand launching the token of a little-known entrepreneur, who is trying in some way to create a project that can generate profit without investing a dime. Yet they are ready to chase after a meme-token, like an infamous animal, willing to spend tens and even hundreds of thousands of dollars with the sole hope of jumping on the train before others and trying to jump off when everything starts to collapse. Seriously, I am very scared by the noise around $TRUMP . People wake up: any Ponzi scheme has stages. Launch and marketing preferably by a public and influential person - done (at this stage the value is rising), promotion and pumping of the asset's value - done (the value is not just rising, but already skyrocketing exponentially), popularization among the masses (growth slowing down) and finally the breaking point (well, this is already clear). And now the question: at which point are investors trying to jump in? And yet someone is already clipping profits, and for those who missed out, they even launched $MELANIA. I don't want to offend anyone, but as they say: a sheep is a sheep, even in Africa.