Post
--Bullish
Deepayan Turja
ยท
--
Bearish๐ URGENT โMARKET CONDITION โผ๏ธ
$BTC HAS JUST REACHED NEAR THE $86000 PRICE ZONE A FEW HOURS AGO AND PEOPLE ARE THINKING THAT THE PRICE HAS REACHED AT THE BEST BUYING ZONE BECAUSE THE FEAR & GREED INDEX IS 19 NOW AND THAT'S USUALLY CONSIDERED AS EXTREME FEAR IN THE MARKET AND ALSO BEST TIME TO START BUYING. THEREFORE A HUGE NUMBER OF TRADERS ARE OPENING LONG POSITIONS. THIS CAN BE SEEN FROM THE LONG/SHORT RATIO, WHICH IS 2.85 IN THE DAILY TIME FRAME. NOW HERE IS THE CATCH. FROM LOOKING AT THE LIQUIDATION MAP IN 3 MONTH AND 6 MONTH TIME FRAME THERE ARE STILL A PLENTY OF LIQUIDITIES ACCUMULATED BELOW THE $80000 ZONE AND $70000 ZONE. IT WOULD BE VERY UNWISE TO THINK THAT THE PRICE COULD NOT VISIT THOSE ZONES. INFACT, THE PRICE SHOULD VISIT THOSE ZONES JUST TO CLEAR ALL THOSE HIGH LEVERAGE LONGS AND TO SET THE PATH TO GO UPWARDS TOWARDS $130000. ๐
SO IF YOU ARE WILLING TO BUY BITCOIN THEN BUY IN STEPS. CONSERVE FUNDS TO DOLLAR-COST-AVERAGE (DCA). ๐
TOTALLY AVOID FUTURES (LEVERAGE) TRADING. โ
BUY ONLY IN SPOT. โ
WISH YOU ALL THE VERY BEST. ๐
Trade & buy Bitcoin $BTC here: ๐ฐ
{spot}(BTCUSDT)
#BTC #MarketMoves
$BTC HAS JUST REACHED NEAR THE $86000 PRICE ZONE A FEW HOURS AGO AND PEOPLE ARE THINKING THAT THE PRICE HAS REACHED AT THE BEST BUYING ZONE BECAUSE THE FEAR & GREED INDEX IS 19 NOW AND THAT'S USUALLY CONSIDERED AS EXTREME FEAR IN THE MARKET AND ALSO BEST TIME TO START BUYING. THEREFORE A HUGE NUMBER OF TRADERS ARE OPENING LONG POSITIONS. THIS CAN BE SEEN FROM THE LONG/SHORT RATIO, WHICH IS 2.85 IN THE DAILY TIME FRAME. NOW HERE IS THE CATCH. FROM LOOKING AT THE LIQUIDATION MAP IN 3 MONTH AND 6 MONTH TIME FRAME THERE ARE STILL A PLENTY OF LIQUIDITIES ACCUMULATED BELOW THE $80000 ZONE AND $70000 ZONE. IT WOULD BE VERY UNWISE TO THINK THAT THE PRICE COULD NOT VISIT THOSE ZONES. INFACT, THE PRICE SHOULD VISIT THOSE ZONES JUST TO CLEAR ALL THOSE HIGH LEVERAGE LONGS AND TO SET THE PATH TO GO UPWARDS TOWARDS $130000. ๐
SO IF YOU ARE WILLING TO BUY BITCOIN THEN BUY IN STEPS. CONSERVE FUNDS TO DOLLAR-COST-AVERAGE (DCA). ๐
TOTALLY AVOID FUTURES (LEVERAGE) TRADING. โ
BUY ONLY IN SPOT. โ
WISH YOU ALL THE VERY BEST. ๐
Trade & buy Bitcoin $BTC here: ๐ฐ
{spot}(BTCUSDT)
#BTC #MarketMoves