Honestly big intervals are looking bearish as hell and I would expect drop to at least 52 and possible rebound, but if we dip down below it it will mean literal crash on the entire market which will lead to crash on altcoins for at least 3 months from now on- if you got solid projects on spot then fine, but I’m aware that you got many long position open. I’m not saying you shall close your positions on loss, but there is considerably huge probability of it happening. Small intervals such as h1/h2 doesn’t look bad, but I was expecting price too be pushed to 58.4 last night and then down, but we didn’t even enough of buying power to push it above 58k on BTC and many alts managed to fail, so I’m quite bearish over all. We are on the tricky spot really since we got different signals on different intervals. Additionally fear index is extremely down last week, which would potentially look promising, but nothing is stopping us from going even more down as many investors are still bullish despite the fact that long term drop from 70k onto 57k was expectable. Don’t mention ETH ETFs as no one cares and it won’t push the market up really. Time until Tuesday will be crucial for next weeks really. Let’s see what the future brings.
As mentioned yesterday (and last month actually)- we reached 54k (well, way faster than expected) which could be a bad sign, however we fairly quickly rebounded, so it’s not a big deal (yet).
I’ll do some analisis during the weekend with possible scenarios for new week (I assume it may rely on what will happen at Monday, but let’s see what we are standing on). Till Monday I wouldn’t expect big moves and we shall spin around values we are on now, but if we fall below 53k (I don’t count random flash crashes which happen time to time), it will be over really.
I know that it has happened many times already, but we are on different spot now, with different mcap and different distribution as we never had that much coins which take liquidity from legit projects, causing outflow from major coins into garbage (but people still do it since they read news about someone who did x700000 with random bs coin) which turns out to be trash or rugpull (so still trash).
Follow me for detailed analisis (since you can see on my profile that short and long term analisis were perfectly correct).
Didn’t post anything since Copy Trading has been blocked in my region, however in current situation I just wanted to drop a little message.
Many say that it’s perfect buying area, many say that it’s end of bull market.
Actually due to technical analisis we are on good buying area for BTC and ETH, however looking at many major altcoins we had good buying area according to best metrics like 5% higher than we actually are (I won’t cover meme coins, as they are pure speculative trash coins owned in 50% by whales- I’m not saying that they won’t rebound as they probably will at some point just to pull more cash from commoners, but any analisis is not applicable to these) and we are still going down.
Honestly I can imagine BTC down to 56k (54k is possible, but not sure at this point) and it looks like good place for end of dip, but as mentioned- we dumped more that we should according to data we have as we turned into heavy panic sell mode all around.
I think that it’s good spot for buying generally speaking, but not sure about any long positions. We are in really not secure spot according to bad mood around crypto, so I would avoid any leverage position now and wait for 54k BTC and verify how does the data and metrics look like (and if we got any chances of quick turn).
I would avoid short also honestly as we are extremely oversold on almost all alts (it doesn’t mean that we don’t go into super hiper extreme oversold area) since let’s face the truth- it’s all speculation without legitimate value standing behind it all.
Trust me, it’s better to wait few days at least before making any moves, since we are on really insecure spot, but I would give like 70% of chance that we go down to 54k. Hard to predict what’s next, but it’s not really optimistic in terms of next few weeks, so if you are expecting legitimate bull run- go check the stock market and find your cozy spot there.
As mentioned- 100% win rate copy trading will be opened again, but I’m just finalizing the paperwork.
Binance is closing Copy Trading for most of EU countries later this month, so I’m forced to search for luck somewhere else. During previous 8 days I think that my strategy performed quite well, so if someone is interested feel free to join my Telegram group where I’ll share my further moves once established.
Details will be available on my Copy Trading profile.
Don’t copy my trade anymore since I’ll become inactive from now on.
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As explained two days ago, current levels are crucial, but since Monday we are bouncing between 67 and 65, however locally we look bearish as hell and long term metrics (which previously weren’t looking that bad- currently have been negated by lack of upside movement).
At the moment there is no sign of raises honestly what is kinda scary in terms of alt coins as they bleed really really much now, but I wouldn’t be suprised if we may see downtrend on BTC to 53k level.
In terms of copy trading, some safe gains, 12% over last two days- 100% win rate maintained.
Anyway it’s just my personal opinion and I might be completely wrong as I’m not financial advisor and that’s not financial advice.
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If we break 67k we may see movement into 68-68k range when we will stay for quite a while probably, but if we fail to break 67k and stay above for few candles on 4h chart we may fall even to +/- 62k where golden pocket level is.
Over all I would expect small upside movement from current level and we might need some more analisis tomorrow just to see which scenario is more likely expected.
3 trades today, 6% ROI, but no more trading as I’m going to enjoy some summer vibes and watch EURO 2024 (what I recommend tho as it’s quite enjoyable recently). I don’t recommend anything else as that’s not financial advice at any point and just my personal opinion.
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We shall expect good few days in case market, I believe BTC and ETH reached local daily dips, so next few days shall be promising, however not sure for how long will the bullish trend persist, but I believe it’s still good place to get some BTC on the spot (ETH might be less optimal as it rised today and honestly I expect higher rises on BTC in upcoming days). Still not good point to get into major ALTs (but I still think that ONDO is worth looking, I’m DCAing it daily).
Not much time to trade today (just had like 1 free hour + market was really stable in terms of clean dips/peaks (and I guess I’ll be off tomorrow), but going to do some more work at Monday, but still quick safe 2% today. Join my portfolio and my chat to discuss. High win rate, working on clean short movements only.
I’m opening small lvg positions on ETH and BTC for 2% profit which shall TP near Monday morning.
Please note that that’s only my personal opinion and not advice at any point. DYOR and stay safe.
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We shall not see bitcoin fall below 64k which is around golden pocket level (I aim for 64200 at lowest in following days, but it might not reach that point as well), however current price shall be good to build long term spot/low lvg positions. Would look at ondo (Binance does not offer spot, but lvg x5 would do the job as well). If we got below 64k it will take prices down to at least 62.5k, so avoid high leverage positions with (with lower LQ point than 53k in terms of BTC). Not a financial advise tho, just things that I’m doing to keep my cash safe. DYOR and enjoy the weekend (EURO 2024 starts today, so might be worth watching and enjoying the summer vibe).
Today not much trading due to lack of time, but still managed to get safe 2.45% ROI today. Join me with just 10 USD. High win rate, safe trades only.
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