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#ETH needs to break out today, otherwise we might re visit the mentioned targets.
I think about a short once rejection gets confirmed. Same for breakout, long once break out is confirmed.
#BITCOIN gave an another small leg down and hits out the mid-figure of $19,500. Market Structure is heavily bearish now and price me more dip inside the zone. Trade accordingly and use low risk in any kind of setup ✅.
Ethereum Funding Rates are at a 14-month low, which means short traders are paying funding to long traders. The last time Funding Rates were this negative, it was in July 2021 just before a huge short squeeze on Bitcoin & Ethereum👀
#Glassnode data
Bitcoin Long-Term Holder Supply in Loss remains near historical cycle highs, with only 193 out of 4421 trading days (4.4%) closing with greater BTC denominated losses.
This suggests LTH profitability is under extreme bear market stress.
Buy #ETC by market
Current price (Buy price): 32.8$
◾️ https://t.co/WiHCx3bL9K
◾️ I set my goals for sale using a ladder (taking into account the leverage x10):
Target 1 : 34$
Target 2 : 34.5$
Target 3 : 35$
Target 4 : 41$
Buy #ETC by market
Current price (Buy price): 32.8$
◾️ https://t.co/WiHCx3bL9K
◾️ I set my goals for sale using a ladder (taking into account the leverage x10):
Target 1 : 34$
Target 2 : 34.5$
Target 3 : 35$
Target 4 : 41$
3 scenarios for $BTC and what they mean:
1. $17.5k is bottom: going forward, we could see diminished losses each #Bitcoin cycle.
2. $10k to $14k: standard 80-85% bear market
3. Sub $10k bottom: hold on to your butts. Going to be a bumpy ride.