This shaking segment will startle many of you, so please note in advance to ease your worries, and check the margins of the codes before anyone asks later. This afternoon, I'm not busy, so I can check it right away.
💥 This is exactly the shakeout that large players often do, which I mentioned earlier on September 13, so it’s nothing surprising 😁
When there’s significant news, there are always 2 types:
- Pricing before news --> shake out Longs to lighten the boat, retail traders panic/fomo --> liquidate positions and accumulate stocks. Because essentially, if the news is positive, the price will still go up.
- Sell the news --> sideways, boring, tiring for everyone to self-exit + fluctuating to sweep liquidity both ways --> buy in --> news comes out, price drops to take profits.
💥 So every day check the codes for you, I always remind the key levels in the H4&D1 frames. Because smaller frames are constantly fluctuating, H4 will confirm the short-term direction, while D1 is for the medium term.
💥 Altcoins have been green all week, so the adjustments on D1 are as I’ve checked. Just hold the levels I indicated as a bounce.
-->> today just hold 112-113 is fine.
-->> for girls it’s 4360-4340
💥 For the past 2 weeks, I’ve continuously reminded that we haven’t reached altss yet, it’s just a loading phase, because it relates to many indicators, not just one, so I will monitor and update in the posts here.