🔶 @binance is the biggest and wealthiest crypto exchange in the world. 🌏
The most users, the most trading pairs, the most volume. 📊
🍑💋 Crypto influencers kiss @cz_binance ass every chance they get — usually for a bag of Binance merch. 👜
But here’s the thing: greed knows no limits.
Look deeper, and you’ll realize this platform is one big scam. 🚨
Today, I’m sharing the brutal truth — based on my own experiences — to expose what this gang of scammers has been doing behind the scenes.
A thread 🧵:
Ok @Max1milianPrice...
Here’s my approach on why I believe BTC has topped here.
Let’s start with liquidity and key resistances first...
As we can see, $BTC swept a very significant lower high, taking out the liquidity that was positioned above.
There’s still another key resistance: the POC of the distribution range at $96,300, perfectly aligned with the Golden Pocket on the linear scale. (I wouldn’t rule out one more attempt toward this level early next week.)
Was this entire rally from 74k sustainable?
The simple answer is no. It was primarily fueled by leverage, and the current dynamics suggest that the market makers’ game plan is complete. BTC pumped with an insane amount of leverage. Now, as BTC seems to have reached a potential top, market makers have been unloading spot positions, bringing spot back down to the exact same levels where the rally started - at 74k.
But wait a minute - how is it possible that BTC still holds nicely at 94k while spot has been sold off down to 74k levels?
The answer most likely lies with Bybit. According to my order flow software, Bybit once again stepped in with massive market buying (+$200M in market longs) to stabilize price while spot kept unloading. This move helps maintain the bullish narrative and continues to lure retail buyers at these elevated levels.
In addition to that, the circulating stablecoin supply is dropping, with a bearish moving average crossover. Historically, whenever this happened, BTC either moved sideways or faced a heavy correction - but it never pumped after such a bearish crossover.
Taking all of this into account, I believe this entire rally was nothing but a dead cat bounce before a major crash unfolds - potentially targeting levels as deep as 52k. Hope this makes it clear why I'm max bearish right now.
@TarttonA @MarketCanary Plenty of factories available here for pennies on the dollar compared to building new. Other countries need our American dollars, period.
#Bitcoin
❖ Currently deviated mid range and holding that H12 demand.
❖ RSI on 50 & Stoch reset
❖ Good closes and Range-High should come
❖ I want that h12 candle to close like this or I will expect lower on ltf.
@BidensWins The stock market is not an indicator of a good economy. If you knew anything about it, you'd know the only reason stocks go up is because people are selling or offering out. And IPDA follows the liquidity. Actually stocks going up is an indicator of a lack of trust in the $ bill.
@BidensWins Literally not true in the slightest.....actually there is evidence of the opposite. Independents and younger kids are leaving Joe Biden at an alarming rate lol.