I signaled the drop and signaled the rise, well before it occurred. Good chance for short traders. And I say we are on the path to new opportunities. Result of a lot of work! Good business!
It is respecting the strongest fibo. M7 crossing M50 downwards, but if the price touches M50 it reaches 100k. It would be the fluctuation of breath. Some positive catalysts PMA, today FED speech. At first, the high can resume up to 100k. After that, new analysis!
Some signals to take into consideration. RSI limit, moving average crossover, OBV down and (historically) a recurring pattern of decline. I know it goes against what many are saying and expecting, and also that this world depends on macroeconomic factors. Just my analysis remains, which I hope is wrong!
Those who do not accept losing some battles will never win the war!
CryptoVerra
--
⚠️The most dangerous mistake that 90% of beginners make on Binance (and they lose it all)
Many people, as soon as they start on Binance, Do you think the secret is in "the right deal"… But the truth is that the secret is in self-control before anything else!
The mistake that 90% of beginners make It’s that they want to compensate for the loss quickly. Lost 10 dollars? Come back with 20 to get them back! Lost 50? Come in with 100 to take revenge! 😤 And this is where the hell begins…
Btc will rise. Less than 10 days 120K. Then remember my comment. Just be careful, after a few days it will drop again to 105. Let's not discuss my methods, just remember.
CRYPTO MECHANIC
--
I am always excited to buy the big drops, Its the first time i am actually scared 😂
The leveraged lost. Who could have bought memecoin cheaper than the pre-launch, lost a historic chance. Those who bought profited. We exist to see this historic day!
CRYPTO MECHANIC
--
$19.4B Liquidated: Is the Bull Market Finally Over?
There was a massive wipeout in the crypto market history on Friday, in which hundreds of thousands of traders and billions of Dollars were liquidated. At one point, it was reported that $19.4 billion were liquidated, but I believe the data might be even higher and not entirely accurate. So, the question now is, is the Bull market over? Are we heading into a bear market? We’ll discuss this in this update. We will discuss Bitcoin and Ethereum Because Bitcoin moves the whole market and most of the Altcoins are dependent on $ETH so if these two are good the whole market is good. Lets dive straight into the charts. BTCUSD (Weekly) I will try to keep it straight forward and with that being said here is the weekly chart
Since $14k low Bitcoin is only creating higher highs and the higher lows that means the overall weekly structure is still bullish as long as Bitcoin doesn't give a weekly close Below $98k - 100k. So if the structure is still bullish even after that friday wipeout, We remain bullish. When to Buy? I think its hard to answer this question because right now the market is Headlines driven than the charts. But since high timeframe is still bullish
We have a long wick on the charts, Price usually come down to fill a portion of the wick if not all of it $107k - 110k is a good zone in my opinion and can provide some buy opportunities if it comes. Worst case scenario Like i said the market is Headlines driven so any bad words from trump or china can trigger the sell off again.
We have to keep a worst case scenario in mind that price could revisit the wick low around $100K. Personally, as long as price holds its high timeframe structure, I remain bullish and will continue looking for buying opportunities. This week is important, with developments around the China–US trade deals and the upcoming US CPI data scheduled for Wednesday.
Ethereum
So many good things on the Ethereum's weekly chart. Price Retest weekly demand and bouncedPrice takes out $3800 LowPrice closed back above $4100 high. The chart is absolutely fine and that being said if the chart is bullish, We remain bullish. When to Buy? I already own Ethereum and wouldn't mind adding more.
Once again its headlines driven market any bad news and if Ethereum dips under $4k. $3500- 3800 is a good zone, i will look to add more into my bags. My final thoughts about the market. I think the higher timeframes still look fine, and as long as prices continue to hold their major structures, I expect new highs not the bear market. I expect Bitcoin to make a new high. I expect Ethereum to make a new high. This is a high timeframe analysis, so it could take weeks to play out. We just witnessed a massive wipeout, and markets usually take time to recover investors need time to regain their confidence. This is it from my side, Let me know what you guys think.
What a pity, my friend! In this market, the biggest enemies are fear and greed. I believe we have all suffered at some point in this crypto world. Focus on strategy and management, brother!
Rickmoga
--
Lost those who were in futures or who, like me, had 90% of my portfolio as loan collateral. It happened so fast that there was no time to get out, I lost everything. Those who were in spot or earn will recover, as the market always comes back. All I can do is hope that what I have left are the chosen ones to have a crash in reverse. Good luck to everyone.
It was neither the first nor the last blow! One day it could be Trump, another day the FED, etc., etc. In this market, we have to know how to defend ourselves against every occasion.
CRYPTO MECHANIC
--
The US and China will eventually reach a tariffs agreement, but the damage to crypto has already been done.
All that you said can be summarized as trade management! A business has costs, profits, losses, and only generates revenue if everything is managed. Otherwise, it's a gamble!
CRYPTO MECHANIC
--
The market can do whatever it wants, you have no control over it as much as you want to think or as much as people want to pretend that they know everything about the market.
The problem with people have is they want to buy something at a specific zone and if the market doesn't do what they want, they do not have the ability to say okay the market is not doing what i wanted and its now giving me a new information, i need to change my plan and have a new one. They stuck with their Bias and ignore the new information the market is giving them and miss the whole new move waiting for their zones.