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$BTC Bitcoin removed some liquidity, but below 58,000 the price wasn’t allowed to go through again and they started buying back. I think this is just another dead cat bounce, and a sell-off to 50k is only a matter of time...
metadept
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Bearish
$BTC BTC📢
I would like it a bit higher, but they didn’t allow it. There’s not much volume; they didn’t let it go up, either. It’s also reluctant to fall. Boredom, one word—waiting for the US…
While stuck at a very strong support level and they won’t let it go below. But I’m waiting for a consolidation above 6.98 to look for TVHs in short; there’s room to fall and the targets are clear.
I would like it a bit higher, but they didn’t allow it. There’s not much volume; they didn’t let it go up, either. It’s also reluctant to fall. Boredom, one word—waiting for the US…
$BTC 😳 Michael Saylor could crash the market by selling BTC for $3,250,000,000 – Peter Schiff
Let’s see how the crypto market will react to the fact that the largest buyer of Bitcoin is becoming the largest seller.
In Strategy announced a “Bitcoin Monetization Program”: the company may sell BTC to top up its dollar reserves by $1.25b, pay dividends and interest on debt, and also finance a share buyback ($1b) and preferred securities ($1b).
Strategy is now a BTC seller. Bitcoin has already reacted sharply to the sale of just 32 BTC. Now Strategy has effectively been given permission to sell BTC worth $3.25b. At a price of $60k, that’s more than 54,000 BTC. And the lower Bitcoin goes, the more coins will have to be sold to raise the same amount in dollars.
As expected, all weekend prices just moved sideways without any volatility. Below there’s a range at eql 58000-58400 where most of the liquidity has accumulated. I’m still positioned with a short setup in mind, so I’m counting on seeing today’s manipulation pushing upward to ~61000, and then a drop back down to 58000 and lower.
Monday is a heavy and manipulative day, so for now I recommend watching. As I already said, after the U.S. opens you can look at the market in more detail and search for positions.
$AAVE we enter Long #aave take: 100.56 take2: 113.80 stop: 87.40 Reasons for entry: Breaking the downtrend channel with increasing volume provides a strong signal for continuation of the uptrend. Long is a priority
SLIPPAGE IN TRADING: HOW TO AVOID IT AND NOT LOSE MONEY📢
Slippage is a situation where a trade is opened or closed at a price worse than you planned. Moreover, this applies to all markets: crypto, stocks, forex. And not only entries, but also stop-losses and take-profits. In short - the market is not obligated to fulfill your wishes. It executes liquidity.