Well it looks like we may be getting a huge liquidity influx to the market in an ironical way.
Remember @FTX_official that contributed the last market collapse? They'll be paying out $16 Billion to creditors in Q4 2024. That's a huge sum in $BTC , $SOL , $USDT and other crypto tokens.
Although there are speculations of where the money would go, assuming retail traders and individual investors get their money back, that helps the capital/liquidity aspect in order to usher in the bullrun.$BTC $SOL
I’m working this summer as a waiter at a fancy restaurant in NYC. This weekend I served an actual #Bitcoin billionaire and when it was time for them to leave a tip, they slid a piece of paper across the table. This is what was on that paper. $BTC
Anyone shorting $SOL now? my obvious predictions would be 160-177$ before it retrace! what do guys think? we have still 1week before march! we go higher? or we goes down?
more countries adopting $BTC with atm! are we on bearish? whats your positions now?! my predictions would be 57-58000 or 60k above before it retrace back to 40000 level! 🎯😎🎯😎🎯📉📈
How we constantly knew our money? well it has more uses, $BTC trader be like! Are we all seeing 50k soon? well we dont know it yet! but I will see the longs at 38300 entries will be wiped out first! lets see how things work! for entries on longing bitcoin join my community!🚀🚀🚀
The greed is slowing down 50 average, Most new traders are bearish! but if you watch those inverse guys are longing! are you still bearish? you will not see below 30k $BTC anymore! waiting for 38.3k $BTC entry for longs! ride it to 55k-70k! this is my last post on this upside🚀🚀🚀
Everyone are bearish on $BTC since price goes 40.2k its almost 9000$ fall since the announcement of the SEC on ETF thing! Few understand last year on about 26000 price, institutions are already at that level, they just keep it for the public. SEC approved so that the public can buy more on the day etf launch, meanwhile etf providers selling it before our eyes, thats how market works! Grab below before the real moves on higher. in the coming days we might see 49.9k bitcoin before it reverse the real moves below.. Goodluck
: In distribution, Phase C may reveal itself via an upthrust (UT) or UTAD. As noted above, a UT is the opposite of a spring. It is a price move above TR resistance that quickly reverses and closes in the TR. This is a test of the remaining demand. It is also a bull trap—it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out traders. A UT or UTAD allows large interests to mislead the public about the future trend direction and, subsequently, sell additional shares at elevated prices to such break-out traders and investors before the markdown begins. In addition, a UTAD may induce smaller traders in short positions to cover and surrender their shares to the larger interests who have engineered this move. Aggressive traders may wish to initiate short positions after a UT or UTAD. The risk/reward ratio is often quite favorable. However, the “smart money” repeatedly stops out traders who initiate such short positions with one UT after another, so it is often safer to wait until Phase D and an LPSY. Often demand is so weak in a distribution TR that price does not reach the level of the BC or initial ST. In this case, Phase C's test of demand may be represented by a UT of a lower high within the TR.