Hi Traders,
If you are still in spot of positions/long trades its time to consider exiting those if not already done so.
This Monday/week i shaping up both technically and macroeconomically to be a volatile day/week.
I expect prices to remain some what as they are IF not slightly higher (BTC to 20.3k possibly as a trap) before getting sent below 17k within 48hours.
There is no bullish hope to hold on to so please don't be delusional... investors have only 'more pain' as the FED noted to look forward to - this reality will be playing out shortly.
BTC is showing extreme weakness right now, the likes of which when institutional traders as dropping their risky trades in favour of holding cash. Also similar price action as prior big breaks lower have shown.
Some things to note;
-XRP pumping without any reason, hugely bearish signal that whales are squeezing the final $ they can from reality in order to dump the market/create more bagholders.
- FED acknowledged more rate increases to come ie NO HOPE yet.
- September STILL has 1 week left, plenty of time to crash the market and stay on historical trend of a heavy red month
- Russia looks likely to spook the market more with aggression towards Ukraine (maybe announcing war officially/increasing fighting) given the mobilisation laws.
- Bonds in disarray/Japan in big economic trouble maybe dumping US bonds... and the list goes on.
SO WHAT TO DO
Personally I am waiting for the next 12hours to play out as ASIA prepares to open markets, i will be adding to/making new short positions across many coins that have showed strength on late. BNB/XRP/ATOM some noteworthy ones but theres plenty if you simply search, and of course BTC/ETH are good shorts also considering theres a-lot of room downward to go especially for ETH.
Get some low/mid range level shorts in over the coming 12hours are get ready to hold those for the coming week as selling ramps up. DO NOT CLOSE EARLY
BTC - looking to see 16k touched initially but that is not likely to hold very long if at all, 14/15k is the first pause area and then 12k. SO please do not close shorts early on the first sign on a green candle...
Goodluck,
Asset mastery
If you are still in spot of positions/long trades its time to consider exiting those if not already done so.
This Monday/week i shaping up both technically and macroeconomically to be a volatile day/week.
I expect prices to remain some what as they are IF not slightly higher (BTC to 20.3k possibly as a trap) before getting sent below 17k within 48hours.
There is no bullish hope to hold on to so please don't be delusional... investors have only 'more pain' as the FED noted to look forward to - this reality will be playing out shortly.
BTC is showing extreme weakness right now, the likes of which when institutional traders as dropping their risky trades in favour of holding cash. Also similar price action as prior big breaks lower have shown.
Some things to note;
-XRP pumping without any reason, hugely bearish signal that whales are squeezing the final $ they can from reality in order to dump the market/create more bagholders.
- FED acknowledged more rate increases to come ie NO HOPE yet.
- September STILL has 1 week left, plenty of time to crash the market and stay on historical trend of a heavy red month
- Russia looks likely to spook the market more with aggression towards Ukraine (maybe announcing war officially/increasing fighting) given the mobilisation laws.
- Bonds in disarray/Japan in big economic trouble maybe dumping US bonds... and the list goes on.
SO WHAT TO DO
Personally I am waiting for the next 12hours to play out as ASIA prepares to open markets, i will be adding to/making new short positions across many coins that have showed strength on late. BNB/XRP/ATOM some noteworthy ones but theres plenty if you simply search, and of course BTC/ETH are good shorts also considering theres a-lot of room downward to go especially for ETH.
Get some low/mid range level shorts in over the coming 12hours are get ready to hold those for the coming week as selling ramps up. DO NOT CLOSE EARLY
BTC - looking to see 16k touched initially but that is not likely to hold very long if at all, 14/15k is the first pause area and then 12k. SO please do not close shorts early on the first sign on a green candle...
Goodluck,
Asset mastery