$BTC BUY MORE BTC, the starting point of the next bull market.
Long periods of consolidation will make you doubt yourself, but the accumulation phase is like that.
As news of more and more Bitcoin being stolen has increased recently, and MicroStrategy is also going to sell Bitcoin, long-term holders on-chain have started to waver, and some have already begun to sell.
In the final stage of the bear market, buy the dips, inside the green boxes.
$ETH Ethereum also has large spot sell orders between 2,500 and 3,000, using exactly the same tactics as Bitcoin.
They’ve already attracted a large number of short positions, and technically, the price is also below the daily SMA50 and EMA50. It’s weak against Bitcoin, retail participation is fairly high, and lots of traders are opening short positions.
Once these spot sell walls are pulled, a short squeeze could drive the price decisively above the 0.6–0.618 zone. You know what would happen then.
There’s already plenty of fuel waiting on the sidelines, just waiting for spot buying to ignite it. I’m getting more and more excited about what’s coming next 😀😀😀
$BTC Someone has placed a $38 million spot sell wall around 82,500 on Binance. This order is most likely in preparation for the FOMC meeting.
The order has been sitting there for over four days. Once the price starts to rally, the sell wall will be canceled quickly. This level also happens to be a four-hour bearish FVG and the upper boundary of a descending channel.
A lot of shorts will surely set up positions here. If the sell wall is canceled the moment the price approaches it, those who entered short positions here will become fuel for the rally.
$BTC Someone has placed a $38 million spot sell wall around 82,500 on Binance. This order is most likely in preparation for the FOMC meeting.
The order has been sitting there for over four days. Once the price starts to rally, the sell wall will be canceled quickly. This level also happens to be a four-hour bearish FVG and the upper boundary of a descending channel.
A lot of shorts will surely set up positions here. If the sell wall is canceled the moment the price approaches it, those who entered short positions here will become fuel for the rally.
$BTC A major move in Bitcoin is coming. First, the conclusion: I’m bullish.
For some time, Bitcoin has been stuck around $80,000, wearing both bulls and bears out. It can’t seem to fall any further, but it can’t rise either.
Yet open interest has been gradually increasing. The big players have finished building their long positions, while retail traders have kept adding shorts above $80,000. Once spot selling pressure has been exhausted, all it will take is for ETF spot demand to start picking up—and you know what happens next.
When the price fell below the 50-day EMA, I saw panic everywhere in the market. Some people were even saying the bear market was about to return. That’s absurd.
In November, we’ll see a short squeeze. Bulls waiting for the perfect entry—say, $75,000 or even lower—will be left far behind, unable to get on board during the squeeze. They’ll then start trying to short the rallies, only to get stopped out or liquidated.
$88,000 will arrive sooner than I expect. The next target after that is $93,000–$94,000.
$BTC Believe it or not, once a Bitcoin bull market begins, every pullback to the weekly EMA50 is a great opportunity to buy spot or open a low-leverage long position.
All you have to do is follow the trend instead of thinking you know better.
The chart is right in front of you. Whether you believe it is entirely up to you.
There’s been way too much drama on the Square lately. Are people not going to focus on trading anymore???
Going long lately has been absolutely miserable, but I really am placing trades, and I’ve also been offering my followers some emotional support every day, even though I haven’t been in the best mood myself.
There are more and more people on the Square. Those with big followings and lots of traffic should set a good example. Since we’re all part of this community, we should be here to make money from the market—not spend every day thinking about how to get money out of our followers’ pockets.
Making mistakes in trading isn’t scary. What’s scary is having no proper position management and getting wiped out in one move.
Nobody wins every time. Even Wall Street firms have losing stocks in their year-end reviews, and the investment guru Warren Buffett doesn’t make a huge profit on every stock he invests in.
Take the long view—three years, five years, or even longer. A trader should aim for their returns in this market to grow steadily and smoothly over time.
I won’t say too much, and I won’t go on if there’s nothing to add. If you’ve been following me for a while, you should at least have some understanding of position management and effective leverage. These are things others can teach you so you can avoid pitfalls, instead of learning the hard way and losing real money to the market.
After all, some of those “gurus” can make a living by scamming people and seem to have an endless supply of bullets.
But you—those of you running a small business or working a regular job—can’t afford to take huge losses.
$BTC On the chart, Bitcoin is forming a bull flag—a very bullish pattern.
As for liquidity, the lows below have been swept three times, and the liquidation amount on each dip has gradually decreased. The bulls have given up resisting, while liquidity above keeps building.
If you know a little about order flow, you’ll see that as the price falls, the short-side Delta is gradually declining, which means selling pressure from the bears is easing.
In a bull market, the first thing major players need to do before pushing prices up is let the market absorb the selling pressure from the supply stacked ahead, until the price can no longer fall. Only then do they start buying. This applies to large investors and ETFs alike: they trade with the trend rather than trying to catch a falling knife.
$BTC fell from 120,000 to 60,000, and many people have developed a condition: bear market trauma.
Your brain gets into the habit of interpreting rises as bounces and green candlesticks as bull traps. Even when the market has started a new uptrend, your first reaction is still: “It’s gone up so much—surely it’s due for a fall, right?”
You can’t help remembering the prices of the past, and thinking that Bitcoin at 80,000 or 90,000 is already expensive after rising from 60,000. But the market won’t necessarily fall just because you think it’s expensive. A trend can last longer than you expect.
Going short requires believing that the rally can continue, while shorting makes you feel like you’ve spotted the bubble, the top, and the risks ahead of everyone else. That feeling may give you a sense of control, but it doesn’t mean short sellers actually have an edge.
If you often made money by shorting in the past, your brain can easily start looking for the same opportunities over and over. The problem is that the same technical pattern can lead to completely different outcomes in different market conditions.
$BTC Recently, roughly a billion dollars’ worth of long positions were liquidated. Regardless of what happens with the FOMC, the market has already priced it in.
We’re now approaching a crucial point with the monthly close and the midterm elections. Most people are expecting lower prices—you know, consensus expectations never come true.
As daily lows keep getting swept, the bulls are starting to get exhausted, while the bears are once again making a lot of noise, with some even calling for the bear market to return.
That’s a good thing. You need to go against the crowd and take the other side, just like when I accumulated spot Bitcoin around $64,000 and nobody understood me.
You won’t get many real chances to get on board. The herd always gets squeezed by the market.