The upward movement is weaker than I thought, while I see uncertainty from the bulls side, so I think from the 27800-29100 zone with a 60-65% probability of a fall down. Bullish scenario of anchoring above 29100 (in this case, targets will be high)
In my opinion, the picture looks controversial (the price could not break through 27400-27600 for a long time), but we did not reach the key marks at 28500-29100 (usually key marks are tested). If the price falls below 25500-25200 (then I will review the analysis) PS. Experimintal!!!!
This dump may confuse many people, as the picture is now very bearish. but I am positive (they will drop early shorts and late longs for 25,000). remember that this is not financial advice, just my opinion))
I expect another dip to local lows, which will serve as a good entry point for a long time. you cannot set a stop above the level of $56 (if the candle is fixed below this price, exit the position)
I really like the way the market is moving. I like that the crowd is now very actively going into shorts (as if Ilon mask sold BTC - actually no), we have a good block of 25300-24200 where I will take long positions, fixing 27500-28500 . I watched various chats where they wrote that they were liquidated for large sums ... Funding on various exchanges is even...
My local mood is bullish. If we reach the marked area of 31800-32600 and bounce, I become a bear for half a year. I conducted a survey among my acquaintances, do they have a desire to buy bitcoin right now? They answered maybe or someone and yes . There was something similar in 2021 for 50k and 60k . As far as I'm concerned, altcoins will start to...
A lot has changed since my old review, now I'm neutral as I've reviewed a number of metrics, indicators and recent developments. I don't like the dump 07/23/2023 why? Because it was sharp and now we have broken this whole consolidation from 22/06/2023 , means that the level to which the price will want to return is 29600-29900 if there is a repulsion, it...
Observing the market for 2 years, when an altcoin is interesting to a big player, when reaching low prices for the asset, there is mostly a strong upward movement (means that it is selected). Therefore, it is useless to hope that this growth will be endless.
Depending on where the impulse will go, we will accumulate short positions (preferably divided into equal parts for accumulation). This approach will reduce the risk for us.
the market provides an opportunity to gain more position + risk reduction for the past idea
I like the formed support level (on history, the price broke through) at this level, buying by simple traders on the news was formed
The market is filled with joy from the victory of XRP over the SEC, everyone immediately started buying everything (a very good sign) Why shorts? market on local heights + euphoria
So far I like it all: bad news, lots of liquidations
Why do I think so? Lots of positives The situation is very similar in 2019 the situation with bitcoin which is aimed more downwards
Profit risk is one in two. Why long? 1) we are at the support level (and I see the withdrawal of liquidity from above) 2) The ball will be pulled to the top (in my opinion) 3) Dominance will drop a little (it will help) 4) Candle formation
Arguments for this development of events: 1) On the graph, you can see a push to the resistance level (it has only fake out - you need to sell) 2) Everything above $75+ was distributed to weak hands 3) The crowd is very positive about LTC (there should be a halving and a price increase - everyone thinks so) 4) Waiting for regulation of the crypto market (this...
Arguments for this development of events: 1) A wedge was drawn in the ETH/BTC pair, which will most likely go up (it means that a final impulse is possible, it should be sold 2) Everything above $1,800+ was distributed to weak hands 3) As for this instrument, the mood in the crowd is mostly long (positive for the future fall) 4) Waiting for regulation of the...
Arguments for this development of events: 1) Dominance suggests, it will use bitcoin, big player buys altcoins 2) A big player distributes around +25000 bitcoins to weak hands 3) Now the market is divided into two camps (1-long, 2-short). This is great news. 4) Waiting for regulation of the crypto market (this will lead to the final wave of decline)