What is currently happening with Bitcoin in a sideways movement is the distribution of sell operations in preparation for another downward wave #BTC All indicators are in overbought condition The whales are currently managing their holdings And keep hope that you bought from above that the price will continue Come and meet me 😂
Believe it or not But this is the truth Complete collapse of the currency #om The currency that was continuously rising until we thought it would never fall I will call this market the trap market 😂 The inevitable fate is that even their biggest will fall #BTC
In a previous article, I talked about the drop of the auction currency to the level it came from. Some people attacked me when I mentioned that Bitcoin is down, and one of them told me to go to sleep. Never mind. All of these people are swimming in the sea of ignorance. Let's go back to the auction currency. Look at the attached image. Indeed, the currency has collapsed to 11 dollars. This currency is an example of a trap called short squeeze trap. It only rose to scam traders. Regards to you all.
Mrwildafendina
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Bearish
My Expectations Bitcoin is dropping to a level of 79,000 to 81,000 Then a bullish rebound will occur The Aucation coin will continue to drop to the levels it came from Brothers, know that everything that many agree upon logically Will not happen Trading is no longer as predictable as it was in the past When the greed index rises You are in for a market decline Good luck to everyone
Chart analysis for Bitcoin after news of inflation and unemployment in the US Nothing strange or unexpected The market has priced in previously as the price was supported at 74500 And it rose to 83500 yesterday Today the price did not move up even after positive inflation news for Bitcoin Because it rose previously yesterday Today is a correction to test the supports At 78500 then 76200 then 74500 again And my expectation is if it reaches 76200 it will test other lows Which may reach 69800 Before continuing the rise #BTC
Of course, everyone is surprised by the sudden rise of Bitcoin And this is a temporary rise due to the minutes of the US Federal Reserve meeting Which clarified some easing of monetary tightening in the near future Tomorrow, there are inflation and unemployment data from the US Today is crucial; either it will continue to rise Most likely to 86000 Or a correction will happen to levels of 78000 And it may continue to drop We are waiting for tomorrow
My Expectations Bitcoin is dropping to a level of 79,000 to 81,000 Then a bullish rebound will occur The Aucation coin will continue to drop to the levels it came from Brothers, know that everything that many agree upon logically Will not happen Trading is no longer as predictable as it was in the past When the greed index rises You are in for a market decline Good luck to everyone
My Expectations Bitcoin is dropping to a level of 79,000 to 81,000 Then a bullish rebound will occur The Aucation coin will continue to drop to the levels it came from Brothers, know that everything that many agree upon logically Will not happen Trading is no longer as predictable as it was in the past When the greed index rises You are in for a market decline Good luck to everyone
I will explain to you what happened in the auction currency This is a trap called a short squeeze trap It means it is a trap for sellers All indicators are showing overbought conditions So sellers enter the market Whales raise the price to pressure the sellers and liquidate their positions As the liquidation of short positions increases, the price rises further Since liquidation is considered liquidity that automatically raises the price And the upward momentum increases with more buyers entering at higher price levels The price continues to rise until all short positions are liquidated from a low price At that time, the whales sell all their holdings Then the price suddenly collapses, leaving buyers who entered at high levels stuck This happens in trading and is a classic recurring trap I wanted to clarify this for you to understand why this happens.
The square drawn in the picture is the golden square for buying in the upcoming rise of Bitcoin and cryptocurrencies I will save the post to return to it after several months from now If God grants us life
Look at the orange line in the picture This line has been drawn since the peak of 109,000 Since then, Bitcoin has been moving in a downward direction This line has not been broken yet The price hits it and then drops again When the line is broken Bitcoin will begin to form an upward trend
Bitcoin analysis for the upcoming period #BTC Until the next Federal meeting in May There will be no rise to levels of 100000 from the current price Keep in mind that Bitcoin is in a downward trend So does this mean a continuous decline? No, of course The highest resistance currently is at 90000 and the lowest support is at 76500 There will be upward and downward fluctuations in this area for a while If you are thinking of selling Then consider a sell position from 87000 to 90000 And if you are thinking of buying Then consider from 76500 to 79000 So that you can reinforce without risking your positions This is the current situation analysis And the best entry points Okay, the prevailing direction currently is downward and it may break the support at 76500 And every time it breaks support, it will bounce back strongly Wait for the price to drop if you want to buy and do not fear FOMO Good luck to everyone
Things don't look good We don't hear about institutions acquiring Bitcoin as they did last year The indicators are not good in the long term Even if Bitcoin rises It could happen just to eliminate short positions Tomorrow is a very important day US unemployment data Will have a significant impact on the market Either continuing to rise or returning to bloodbaths Everyone should be careful #BTC
Many people say you show your profits But you don't show your losses I want everyone to understand that loss is part of trading No one will win all the time The important thing is the net profit between winning and losing trades in your favor In the picture The portfolio performance since the beginning of the month On a day I lost trades amounting to 1,046 dollars But the overall performance achieved a net profit of 2,000 dollars The lesson is the ability to manage trades correctly Knowing that I am not fully dedicated to trading
7 Days Performance And there are still other surprises I do not give recommendations because I do not know who the trader is, what their mentality is, and their ability to withstand the drawdown of their portfolio I am capable of managing assets and trades well And I can achieve good profits Bitcoin targets #BTC☀️ currently 88000 then 90000 Currently facing resistance at 85500 The resistance has been tested twice and failed And I believe it will test the resistance for the third time If it succeeds in breaking through, it will go to the mentioned resistances Good luck to everyone
Never deal with the market absolutely This means do not set a ceiling for the decline or the rise Only deal with market data Technical analysis and fundamental analysis The arrival of Bitcoin at 76,500 was expected This number is a Fibonacci level of 61.8% All indicators are currently in a state of selling saturation An upward rebound is now likely from this level However, the downward trend remains ongoing if Bitcoin does not break the 90,000 level and stabilize above it
Dear followers I have created a special copy portfolio Anyone who wants to subscribe is welcome, and we can share the profits of the trades together However, please always refrain from making any closing decisions even in case of a downturn The market is always volatile Experience in managing trades and compensating for any losses is crucial It is preferable that your investment amount is no less than 1000 dollars This is for safety in managing trades محفظتي الخاصة
For reminder only The current price of Bitcoin is 92500 We said Bitcoin is on its way to these levels and it has been
Mrwildafendina
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Hello everyone Of course, everything witnessed the massacre of the past few days But the massacres of cryptocurrencies are expected Because the market relies on liquidation and removing small players Let's analyze the Bitcoin chart on the 4-hour timeframe Has the correction ended and now there is an upward trend? Or is the downward path continuing to larger lows? As you can see in the picture The bullish scenario now has 4 lines to break in order to confirm the return to the upward trend 1 - Easy resistance at 82900, which has already been reached and the price is currently trading above this resistance 2 - Medium resistance at 86500, which is also a resistance that is not difficult to break So it is expected that Bitcoin will initially test these levels And this does not indicate at all that the downward path has ended 3 - The pivotal resistance at 89600 Breaking it will require testing the harder resistance, which is unlikely for Bitcoin to break at the moment, and that is 4 - The resistance at 95000, from which the chances of Bitcoin bouncing back and returning to decline are very high At this resistance, there will be a lot of talk about soaring into the sky and reaching 150 thousand So be careful, my friend Do not be the prey but be the hunter 😉