Hey guys
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#Bitcoin market update:
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Breaker High at 44349 suggests that once this level is reclaimed by bulls with weekly close over that region,R3 51137 should come next.Unless that happens and if bulls lose Breaker Low 31554 (daily/weekly close below) then 26-28k levels possible.
#Bitcoin market update.
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BPRO is on the bearish mode yet remember it’s still a choppy clueless movement with tiniest volatility unseen for months where every sudden news from FED or tweet from Elon Musk may cause a cascade liquidation on the market.
#Bitcoin market update:
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Confirmed breakout (daily/weekly close) outside these levels would lead to either 28.7k or 37.3k, which could eventually expand towards 23-24k decline or 40k+ levels and further upside recovery.
#BITCOIN MARKET UPDATE.
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The middaily chart continues with clueless choppy price action inside consolidating volatility range. As BPRO volatility bands suggest, 30.3-35.5k are the main short-range boundaries.
May be it was an internal transfer by Binance or was affected by regulatory news. Recently, Thailand’s financial regulator has filed a criminal complaint against Binance over unregistered operations. Things are going bad for binance these days.
📉 If bitcoin close below $28k mark which is yearly low level then it confirms Wyckoff ReDistribution level then we can expect market to reach $25k - $18k.
📈 If bitcoin stays above $28k then Wyckoff Accumulation will play out and bitcoin will start uptrend to the higher prices.
⚡️ Wyckoff Pattern
There are two types of Wyckoff patterns currently playing out Wyckoff Accumulation on 1 day chart of bitcoin and other on the Wyckoff Distribution on the weekly chart.
#BTC is headed for what is expected to be the largest downward difficulty adjustment in its history.
This week will see its largest downward difficulty adjustment of -23% to -25%, dropping to $15T.
See it at :
https://t.co/c8vyroqtM7
For those of you who don’t know the game:
#btc rise , This is some of how much #binance making money from liquidating SHORT position in future trading.
And at some point will drop #btc will drop again to liquidate LONG position.
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Imagine how much all other platform are making