We are ending the month today and many are not certain about where the market is heading... Looking at $BTC from the monthly timeframe, we are seeing strong bearish momentum from all timeframes. I went looking into the monthly timeframe. The 1 Month and 3 Month candle is in a very serious key-level which is the only way that price can hold at that level. Looking at this chart above ☝️ we are currently at a very crucial V-shape key-level and price is still reacting to it. Here's thing, you have to look closely on how the candlestick closes and that will happen in few hours. If it rejects, we will be waiting for a reaction that indicates we are ready to go up but if the candle closes under that line with a body, then grab your bags, we are going below $50K #BTC
After taking a loss yesterday on $BTC I decided to go and check what I did wrong.
First is my entry and second SL. The bias is clearly and my anticipation was good but I entered from the higher timeframe and I didn't put my SL at the protected zone.
It good as a trader to always go back and study your trades. It makes you better every time.
👨💻 Blackrock just deposited another 4,385 $BTC worth ($259.53M) and 30,725 $ETH worth ($48.6M) into Coinbase which is the second time this week they are making such huge deposits.
In two days, they have deposited a total of 11,718 $BTC worth ($706M) into Coinbase.
Whales are going in aggressively preparing for the next pump that's yet to happen.
Other ALTCOINS will definitely follow. Just keep stacking your bags up.
Yesterday, a company called BitMine in USA added $27,084 $ETH worth over $48M to their holdings. This is a bullish news which indicates big investors are still looking at Ethereum as a big asset in the future.
This is more reasons to keep looking at holding your ETH bags. Don't panic and sell in loss.
Took a short from here yesterday on $BTC and was stopped out. I haven't been able to studied the market to know the reason for the loss but for sure I will. As a trader, after taking a loss, you should go back and try to find a reason for the loss.
Moonaard
·
--
Good short opportunity is presenting itself inside this daily candles on $BTC
If you can ready and understand candle sticks very well, you will see that the last few months have been indicating bearish movement. We are currently at a very desperate zone which can hold some bullish move on the crypto market and this is our only hope around the $50k. If it doesn't hold, we are moving down super fast.
This is no financial advice, just my anticipation. Trade with caution this week and have a wonderful week ahead.
Price have gotten to the monthly key-level as in anticipated few week back. Now, i won't suggest you buy immediately, instead wait for thr monthly candle to close and see what it gives us then we move from there.
Wintermute Says Bitcoin could still fall into the $50k range.
Wintermute, a leading crypto market maker and OTC deck, warned that $BTC rebound from the low $60K does not confirm a structural bottom, with ETF, stablecoin and DAT flow still shows no form.of reversal.
Wintermute Says $BTC could remain choppy in thin summer liquidity and could still fall into the $50k range, adding that the key signal is weather ETF and Stablecoin flows return sustainably
Investors expectations for a fed rate hike is rising. Bank of America June funds manager survey shows 40% expect at least one hike in the next 12 months, up from 16% in May.
Cut rate hopes fell sharply, with only 28% expecting expecting cut versus 50% last month.
Prediction market also shows growing odd of a Fed hike before 2027.
The recent $BTC correction appears to have attracted buyers back into the market.
Accumulation trend scores have turned higher across multiple wallets cohorts, suggesting supply is been absorbed as investors step in following the move on $BTC down to $60k
I was moving around the Binance Alpha when I spotted $jellyjelly and what said to myself is that, it will be insane if I don't consume this opportunity.
I have never looked into Alphas on Binance before but this is starting to feel like it.
$jellyjelly is currently sitting at a good entry price which makes it a good entry. We might still get a sell down more before we pump or we pump from here but either ways, am on this
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.