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The rejections from the Range High resistance of ~$93500 continue to produce shallower and shallower retraces
This indicates that the Range High is getting weaker as a point of a rejection and could lapse, especially since price is developing a potential Ascending Triangle within the current Weekly Range
For everyone saying this Bitcoin crash from $126k to $80k is not manipulation please read this.
So since the October 10th flash crash which wiped out $19 billion, the biggest liquidation event in the history of crypto:
- U.S. Stocks are up 8%, they recovered and many even hit new all-time highs.
- But Bitcoin is still down -29% and it never recovered since that day. Every pump we see is getting destroyed by relentless dumping.
- Almost every other day we see $500 million getting liquidated from the market.
If it was just a leverage it should have been a very short term and the market should have bounced pretty fast but instead we kept dumping without any major bounce.
This is not normal. This looks like a few big institutions are playing with the market and liquidating both longs and shorts.
Another rumor in town is that many big funds blew up on October 10th and they are selling BTC to cover their losses.
I really hope we see bullish Q1 - Q2 2026 with QT ending, rate cuts and multiple other factors which shows we will see a massive amount of liquidity entering the market.
For everyone saying this Bitcoin crash from $126k to $80k is not manipulation please read this.
So since the October 10th flash crash which wiped out $19 billion, the biggest liquidation event in the history of crypto:
- U.S. Stocks are up 8%, they recovered and many even hit new all-time highs.
- But Bitcoin is still down -29% and it never recovered since that day. Every pump we see is getting destroyed by relentless dumping.
- Almost every other day we see $500 million getting liquidated from the market.
If it was just a leverage it should have been a very short term and the market should have bounced pretty fast but instead we kept dumping without any major bounce.
This is not normal. This looks like a few big institutions are playing with the market and liquidating both longs and shorts.
Another rumor in town is that many big funds blew up on October 10th and they are selling BTC to cover their losses.
I really hope we see bullish Q1 - Q2 2026 with QT ending, rate cuts and multiple other factors which shows we will see a massive amount of liquidity entering the market.
We often see volatility on Friday, into the weekend, and this time was no different.
BTC's CME close price sits around ~$89K (on regular exchanges) so I would assume it sticks around that during most of the weekend. Once we start opening up with gaps more regularly, I think it's good to be aware of that. But that's not been the case for many months so I'm just assuming that trends continues until it breaks.
Going by that assumption saved you from a lot of fakeouts towards both sides during weekends and early in the week.
This continues to be a shallower pullback than the previous two
A drop into the Higher Low/ Range Low area (which would amount to an almost -8% drop) would keep both the range intact and the "retrace shallowing" tendency
Bitcoin continues to reject from the Range High resistance
And as long as the rejection is shallower than the previous two, then this resistance will continue to weaken until eventually breached
Technically, Bitcoin could drop into the Higher Low (blue) or even revisit the Range Low and still perform a shallower pullback compared to the preceding -10% drop
I have been asked several times to analyze SOL. Here is what I see on a weekly basis. Sorry, but my analysis leads me directly to this structure. I could be wrong, and the figure could be invalidated, but if the support at 100 $ breaks, the probabilities of validation increase significantly. For now, there is still some room, so nothing to report, but honestly, I keep this setup in mind. And you, what do you see on your side?
Where I will take my last TP's for this current long:
Alright $BTC heading up nicely towards our beloved range high here. Printing longs loudly and powerfully.
Excitement is growing now as we can see.
As mentioned last post, I personally am not taking any new longs right here anywhere above 91k region. The right time to long was when we called it. Now it's time to do the opposite, and finish off the last TP's, hitting final targets here neatly at 0.75 / range high. Buy low, sell high.
Still want a bit higher with this runner, and was planning to TP the last 10% at range high.
But at the same time the 0.75 is also a good area of liquidity. Liquidity is what you want for TP's. Not out of necessity, but out of principle. Liquidity drives sentiment, and liquidity drives price. Together, liquidity drives time and price.
So decided I'll take the liq just above at 94k, TP 5%, and the final 5 at or just above the range high.
By then, we took the trade up to a monster 14R. Pretty content by then.
And after either rejection of 0.75 or 1 (not sure which it will be yet, I'll have to see at NYO), I will be looking for a new long if we get another pullback.
Longing indeed. Because no matter what happens, longing is the way to go here, selling your bags, or shorting, is the wrong move right here.
A lot of comments told me the opposite. And I understand your fears. Many influencers have pivoted bearish on high timeframes too.
So just echoing my words here, of why I think the bear market callers will be wrong, and are certainly wrong calling it out loudly in the low 80's, why 112k will come, why higher will come, and why it can be used as a target for each and every long (timing the entry correctly each time).
Exactly, what we are doing.
Enjoy the show.
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As long as Bitcoin doesn’t drop below the previous low of $74,500, I won’t accept that the bull market is over and we’re entering a two-year bear market.
I think we’ll see a $130k-$150k BTC if we can break the 50W SMA and close above $103k.
Last weekend in Porto Novo, Benin, Binancians came together for an inspiring meet up where they connected, learned, and explored the world of Web3 and crypto.
A huge shoutout to our incredible #Binance Angels @GED @Hospicekake @_Ram @Eternel insatisfait @_Loup for their dedication and support 😇🥳
Last weekend in Porto Novo, Benin, Binancians came together for an inspiring meet up where they connected, learned, and explored the world of Web3 and crypto.
A huge shoutout to our incredible #Binance Angels @GED @Hospicekake @_Ram @Eternel insatisfait @_Loup for their dedication and support 😇🥳