The market is starting to rotate from $BTC to the altcoins. Be attentive at this point: the market could make a rotation, meaning that the capital of $BTC could start moving into altcoins, that is, $BNB , #ETH , and all the other coins could experience enormous gains compared to the increase of #bitcoin
Pay attention: the market could establish itself in this position; $BTC is preparing to create a floor. If it continues going up, the support zone would be 60k, and it would start to rise. We'll see what happens in the next few hours. If this floor is created, $ETH and $BNB would be rising even more.
We are still in extreme fear, meaning there is still the opportunity to buy and accumulate Cryptos like $BTC $ETH y $BNB . When the indicator reaches extreme greed is when you can withdraw and sell your Cryptos. That indicator is for long-term investments. We are still in a good 🛒 buying zone.
The market 💹 is going up today, the first day of the month. Let’s hope it’s not just a trap. Be very careful with overleveraging. $BTC $ETH and $BNB are showing a good recovery.
$TAC ready for a short, the leverage could take it down to 0.063, so if you enter now, set a stop loss or don’t over-leverage. You could also set a higher entry price for the short to maximize profits. The drop would be down to 0.030—remember to take profits.
Attention $PEPE rebound in progress, there could be a small drop to 23 to eliminate overleveraged positions in Long, but the rise is safer since many have overleveraged in shorts.
$VELVET está overbought even though the overleveraged Shorts could push the price to exceed its ATH; execute a Short carefully without overleveraging, or else place a Short order higher up.
I did the analysis a few months ago when it bounced and went to 80k; I thought I was wrong, $BTC bought a bit more lower down but clearly forgot that bullish traps can also be made over long periods of months. Now I think the drop will surpass my analysis; if $BTC falls below 49k, we could reach 15k within a matter of weeks. It could be a definitive drop that, if it manages to recover, would take about 50 years to reach its ATH again. For now, the Shorts are safe.
As I told you yesterday $ADA the collapse from Kevin Warsh’s appointment has been worse than Powell; now the future of trading is to short—squeeze everything you can until it reaches zero, because Kevin Warsh will be staying for a long time. As for $ADA , the drop is down to 0.13 to liquidate over-leveraged Longs; after that, a new analysis will have to be done. Most likely there will be a bigger drop because at 0.13 new ones will over-leverage, generating an even stronger fall. For now, the Crypto outlook is full of bad news.
Attention $ADA , I've finished clearing out the over-leveraged shorts, now I could be going for the over-leveraged longs, just like I mentioned a few hours ago after the pump, there’s a high probability of a drop down to 0.13. Short trade target 0.13, stop loss at 0.15. Remember to take profits.
#kevinwarsh turned out to be the antichrist for Cryptos and the stocks of corporate players. Just when it seemed like Kevin Warsh was going to cut interest rates, the opposite happened. Kevin Warsh is simply going to raise interest rates and sink all digital assets and stocks. Everything indicates that Trump and Kevin Warsh played with the market and dashed the hopes of Bitcoin reaching 200K. Now, every FED meeting will further tank the market. Every time you see a sudden pump, it could just be a simple trap. All that's left is to wait for the change in government in the US; that's the only thing that can halt the drop of $ETH $BNB and $BTC .
$ADA cleaning up on leveraged shorts, rallying up to 0.14336 then dropping down to 0.13. The drop will continue because many are over-leveraging on longs. The heat map indicates more declines ahead. Remember to set your stop loss and take profit.
The market couldn't handle the manipulations, and people are starting to lose faith. This could be the end, and Bitcoin's drop will test its support at 40K. If it keeps this pace, we'll be looking at 40K in a few months, and that will be the pivotal point. If it disappears, $BTC all the people's investments will vanish, and it will be the biggest scam in the world. Futures and shorting could bring back some income to those who short without over-leveraging.
Bloody market, prices are dropping and we're in a potential bounce zone, but the chance of Bitcoin $BTC dropping to 40K is still looming. $ETH and $BNB will follow suit; only an altcoin season could save the other cryptos and allow Bitcoin to take the hit alone. There have always been short periods where Bitcoin's season ends and the altcoin season kicks off. We'll see if we can have an altcoin season or if the whole market sinks along with Bitcoin.