#btc , Solomano structure: long by the ALT covered, except for the hype. Right now I’m watching, waiting for your... More like they gathered liquidity as a background, preparing a move down. If you don’t have positions, you can take a long with a stop at 80080-79550. I assume they will also liquidate longs now the same way as shorts before the drop—see the screenshot. I’m still holding the long on BTC. The scenario is the same as in the previous post
The White House is looking for options for strikes on Iran before the midterm elections — The Atlantic
The White House asked the Pentagon to prepare a plan for strikes on Iran before the November 3 congressional elections.
For now, these are just words, but think about it: who would win the congressional elections after something like this? The Democrats, of course. Now Trump will do what he needs to do as soon as possible, then simply blame the Democrats for all the consequences. He likes moves like that.
After this news, I can see us moving to 82000–81900, followed by another pullback. There are two possibilities: 85000–86000, or 88000–91000. As soon as Bitcoin reaches these targets, I’ll close all my longs and sell all my spot holdings. After that, there’ll be a massive sell-off. The first possible stopping point is 73000; the second is 55000–50000. I’m continuing to hold all my positions. Also, right now looks like a good entry point for buying altcoins for the short term. As soon as Bitcoin reaches the targets mentioned above, close all your longs and sell your spot holdings, because there’s no guarantee you’ll be able to ride out this drawdown.
84K is an important level for Bitcoin. Basically, it acts only as support or resistance, so we’ve broken through it. If we drop below 82,000–81,900, the situation gets unpleasant.
#BTC Friends, on the bigger picture I’m expecting Bitcoin to crash, but since we haven’t collected all the liquidity above, you could open a small long. The first target is 86,600–87,000; beyond that, it depends on how greedy you are and whether it makes a quick run up to 90k. The odds look good right now, but I wouldn’t put more than 25% of my position into a move that high. A tight stop would be just below 83,500, or more conventionally at 81,900—it depends on your risk management. I’ve been long for a while; I entered on the break above 87k, expecting a move to that 90k mark.
The Global Crisis Is Already Here. What Will Happen to the Crypto Markets?
Military conflicts are spreading across Israel, Iran, Russia, Ukraine, and Sudan—these are just some of the countries involved. Now everyone is talking about the outbreak of conflict in Europe. France recently demonstrated the launch of a nuclear weapon, while citizens in Germany are protesting against military service. No one is planning to end any of these conflicts anytime soon. War has proved too profitable—and why end something that brings in money? The rich get richer, while the poor die.
#BTC We've reached the lower edge of the range. I closed 90% of my short, so we're sitting tight and waiting. If the price drops below 82,200–82,000, the next stop is around 73K. Overall, I'm expecting a decline, but it's unlikely to happen right now. It's a good entry point for longs now; you can place your stop below 83,500. I opened my long before this, so we're waiting.
#BTC We approach the first take-profit; next I see 2 options: 1) We move sideways (maybe the helicopter will abruptly go up and then we’ll see a dump), and then from 72k down from 70k I’ll start building a short. 2) A reversal from 64k—unlikely, but possible.
Share your opinion about the market; it’d be interesting to discuss.