Good Morning Folks We are already having a Bullish Monday ✅
Bitcoin moving beautifully with building strong support zone in $51,000 area. Last time this happened at $31,000 and we saw a massive movement towards 36,000 area. I am bullish in longterm perspective so i am looking everything at that manner. Monday openings are fake because smart traders place lower orders as they know with little pressure market will soon hit those orders, But on the other hand, newbies looking at charts get panicked because they can easily be influenced by any baby influencer, resulting little dump to give a easy way to hit our limit orders, This week will be bullish one, 55,000-$60,000 area coming for bitcoin sooner. Just be prepared with that. #DYOR.
Thats why I never short, your long position gives your opportunity to exit at any moment when you are holding with dca mind, short eats you alive, never underestimate the market, I missed calculated btc and major alts, although i am already packed with my alts position with low caps, but still this would be a good one.
Instead of panicking and FOMO, save your capital, best investment is saving and growing your capital not looking around seeinh green candles and start buy, stop getting fooled by so called influencers who pump everything everyday and if something goes up 1 out of 100, you start considering them OGs, stop regretting watching Bitcoin going crazy up. Save yourself.
Bitcoin playing massive here,so far we have seen btc grabing $50-$100Million liquidity sweep, so was expecting first moving to below $63,000 to grab some longs in liquidity which was around $50Million, instead it went uo crazy from $64,000 to current over $72,000 That was the second largest short liquidity hunt since 126,000 crash, I am not going to long btc, didn’t plan at 64,000 so i am not gonaa fall for fomo, because i am already holding massive longs on many low cap alts, What i will be doing is, will watch Bitcoin play with patience until i fine opportunity to enter, no risky games, because my low cap alts paid me more than what i made from btc trades in the last a year or so.
Bitcoin just hit $66,000. Good sign for bulls, But if you are holding alts, DO NOT Panic, I repeat do not panic and stop comparing alts vs btc move, when such pumps occur, they bring liquidity to bitcoin, new injection of money focuses BTC, which brings panic and people start transferring funds from alts to BTC results bleeding for alt market, In simplest layman’s words
Once btc takes takes break, money will flow into alts and they will start pumping, (BTC dominance cool down)
Drop your coin , i will analyze it for you, Do not post BTC BNB ETH etc, i have already kept you updated on major alts and bitcoin momentum, which is bearish at the moment.
Nothing major is happening at the moment, market is moving sideways, $65,000-$63,000. Bitcoin showing no strong move either upside or downside. No new money is being injected, geopolitical environment is cooling down, but throughout August and early September will be very important to watch, high chances of new lows, i.e below $55,000.
Major altcoins are drowning, there is no big move or correction as major alt market is respecting Bitcoin momentum, While Alpha market on Binance is exploding, low cap exchanges are showing move, like we recent saw from Bico, I caught the dip $0.012, it was power show, there is hell of a potential in low cap segment, get ready for update on that. dyor