$BTC
I never post this early about #BTC, I always wait for the opening of the last 4H candle of the day to post, but let's do this now.
Yesterday I mentioned that the BULLS had 21Hours to do a good job and recover the EMA 200 (D), or if they didn't, the $98K would be on the table. There are just over 7 hours left to close the candle I referred to, and it is evident that the BULLS miserably failed to keep prices at $107K. (LET'S NOT GET INTO THE REASONS FOR THIS).
The price is now in this new red range that I added to the chart; notice that it is the same point where we had the price drop on October 10th. With this drop here, it is evident that ALMOST EVERYONE who was in profit for having entered at the perfect time is no longer (this is what the brokers and some big players wanted).
Sellers have the advantage, but it is very likely that we will have an exhaustion of SALES in this region, which will make it easier for some big BUYERS to get involved before the price goes to $98K. Retail is in total capitulation, most ran desperately to USDT (check), a perfect environment for big BUYERS to get involved (THEY WILL DO THIS, I AM INTERESTED IN THE NEXT DAILY CANDLE...it will tell us clearly).
BTC is falling as much as ETH, smaller Altcoins are falling less than BITCOIN at this very moment; they have hit rock bottom, the bottom has come for many of them.
BTC dominance continues to fall; even with the whole market burning, people no longer trusted it, they went to USDT, the morale of retail is deeply shaken and the BEARS are feeling happy, this is the perfect setup for a new daily candle to quickly nullify their happiness.
If you are in the futures market, manage the risk...reduce leverage, if you are in SPOT then keep ACCUMULATING, a BULL season has NOT BEEN CANCELED!
The recovery of $112K is what puts the BULLS back in the game,
New ATH in November!
I never post this early about #BTC, I always wait for the opening of the last 4H candle of the day to post, but let's do this now.
Yesterday I mentioned that the BULLS had 21Hours to do a good job and recover the EMA 200 (D), or if they didn't, the $98K would be on the table. There are just over 7 hours left to close the candle I referred to, and it is evident that the BULLS miserably failed to keep prices at $107K. (LET'S NOT GET INTO THE REASONS FOR THIS).
The price is now in this new red range that I added to the chart; notice that it is the same point where we had the price drop on October 10th. With this drop here, it is evident that ALMOST EVERYONE who was in profit for having entered at the perfect time is no longer (this is what the brokers and some big players wanted).
Sellers have the advantage, but it is very likely that we will have an exhaustion of SALES in this region, which will make it easier for some big BUYERS to get involved before the price goes to $98K. Retail is in total capitulation, most ran desperately to USDT (check), a perfect environment for big BUYERS to get involved (THEY WILL DO THIS, I AM INTERESTED IN THE NEXT DAILY CANDLE...it will tell us clearly).
BTC is falling as much as ETH, smaller Altcoins are falling less than BITCOIN at this very moment; they have hit rock bottom, the bottom has come for many of them.
BTC dominance continues to fall; even with the whole market burning, people no longer trusted it, they went to USDT, the morale of retail is deeply shaken and the BEARS are feeling happy, this is the perfect setup for a new daily candle to quickly nullify their happiness.
If you are in the futures market, manage the risk...reduce leverage, if you are in SPOT then keep ACCUMULATING, a BULL season has NOT BEEN CANCELED!
The recovery of $112K is what puts the BULLS back in the game,
New ATH in November!
