The current market structure looks quite weak from the buyers' side. I expect a local pullback with the aim of collecting liquidity (fuel for further movement). The range of $72,000 - $73,000 acts as a strong support zone; when a reaction forms from these levels, I will consider entering long.
To implement the short scenario at the local level, the price needs to break the mark of $74,800, preferably on impulse. If it stabilizes above $75,000, this scenario will lose relevance.
There are also limit orders in case of a breakout, around 76400/77500
1) we are at the 12-hour global resistance level (supply) and in 90% of cases, there is a downward reaction during the initial test
2) we are below the 12-hour EMA200 which also indicates resistance at 75300 + the fact that the global trend is down
3) we are still in a bearish flag and a bottom never forms like this, there are no historical reversals like this, if we had updated the 60,000 low, I would have believed even with 65,000 that it was the bottom, but a bottom does not form this way.
4) divergence is occurring on all timeframes for shorts which indicates that the local momentum is weakening and close to a reversal
5) we can go down from the current levels, or we might be pushed to 75200-77000 and that still won't be a reversal! A new high of the impulse is also possible and then a return down
6) there is a lot of liquidity at 75500
7) all indicators are very overbought
8) there are 4 gaps below, many unclosed gaps + liquidity!
The market has become very complicated, they are making reversals and breaking, and so on in both directions, I don’t think the previous short was a mistake, there were reasons for it..
It is now safer to wait for the impulse reversal first and then take a short, I am taking a bit of a risk earlier but with a small volume! $BTC
Shorts have been captured, plus we added to the markets with the guys in the community. We are holding shorts on BTC SOL ETH ARB LTC ZRP ZEC.
The USA and Iran continue to escalate the conflict, on Monday they may heavily impact the markets.
$BTC $ETH $SOL
INFINITY in CRYPTO
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You can short with the current positions and throw limits up to $75000, 73000/74000/75000. Stop at 76000.
The clowning continues, I am still short from previous positions and adding more on top. I am ready to take the stop, as we stood by all metrics, data, macro, etc. correctly. No one is insured against manipulations. But this red-headed bastard - this is the worst thing that has happened to the markets in the last 15 years.
You can short with the current positions and throw limits up to $75000, 73000/74000/75000. Stop at 76000.
The clowning continues, I am still short from previous positions and adding more on top. I am ready to take the stop, as we stood by all metrics, data, macro, etc. correctly. No one is insured against manipulations. But this red-headed bastard - this is the worst thing that has happened to the markets in the last 15 years.
🔹72000- 0.61 Fibonacci and strong resistance, may give the first pullback from the current levels
🔹73750 -0.78 Fibonacci and according to statistics, the price often reached this level in similar sideways movements before
🔹75600- EMA200 on the 12-hour chart which is a strong level
❗️I fully assume that if the market does not receive negativity, they may push up to 73700-75000$
❗️potential upward movement may be 3-4% potential for a drop to 60500 16% down
if the market is strongly suppressing, it's better to take a 2-3 day pause from trades and watch the results of these news!
📉I will slowly build up a short position in this entire range, this is my decision and my money, if I lose, I will have to recover it. It is possible to reduce leverage and trading volumes!
As I understood, Trump agrees to a ceasefire for 2 weeks!
An hour before the deadline expires
Before this, Iran officially withdrew from the negotiations and made it clear that nothing would happen
Trump spent the whole day playing for the public, claiming that tonight the Iranian civilization would fall and he would destroy it, throwing out a lot of threats, and in the last hour his second personality kicked in and he went for it!
The market shot up, triggered stop losses, I re-entered at 72000 short
They might give 74000-75000 so I'll take this into account!
A demonstrative situation of how the global elites manipulate, just in the evening there was a debate about nuclear strikes on Iran, within 2 hours the world and insiders began to take long positions in advance!