#Bitcoin - whats next ?
The big Sunday report, all you need to know:
Since executing our short plan while BTC was sideway moving in 30 - 31k region we have set a target in the region of $24.000. While many laughed, thought its a joke or never gonna happen, the reality silenced them pretty fast. While all of them were calling for 40k or giving mixed signals, I have been always telling you its going down first, then we might see the 37-38k target. However, now they act as if they predicted it. Shameless. I see no reason to take profits on my 31 - 30k shorts and will hold them till hitting the mentioned and promised target of 23.5 - 24k region.
🚩 TA/ LCA/ Psychological Analysis: Since the beginning of the week Iam watching a small liquidity pool in the region of $27.000 that is perfectly matching with EMA50 weekly and EMA200 daily. I think its a very interesting zone for those that are not in short positions yet and are looking for a good entry for the short with $23.500 target. Remember that September is historically the worst month for stocks or Bitcoin. Thinking that this time is different will bring you in a lot of trouble. The chart itself, the liquidity, the psychology and the BTC cycle are all pointing out in the lower direciton. I dont want to see my followers being fooled by some other accounts that were promising a new bull market after BlackRock announced an ETF. The reality is, we are far away from a bull market.
Fully aiming to see my final targets at $23.500 region being hit. Very confident that its going to happen, the same way I was confident since $31.000 region. The big short is still open and Iam not even thinking about closing it.
Right now there are more longs than shorts in the market, funding rate quite positive but not enough for a long squeeze. I think we will def. see some big manipulations in the next 2-3 weeks till finally seeing the real move. One of that manipulations could be a fake pump towards $27.000 to grab liquidity, or even fake pumping till $29.000 where a second liquidity pool is located and nuking from there. In the outcome, the targets are all the same and clear. We will see $23.500 region, no matter what
Congratulation for those that are still holding their shorts from 31k region. Holding !
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Crypto gaming is literally the only sector in crypto that has a strong chance of having a decoupled bull run the next few years.
We could be in the bear of bears and if one game pops off we are gonna see absolutely stupid returns sector wide.
Be prepared.
Market makers will always try to trick you with some green candles to make it look like "The storm is over" or "Its time to enter the market again"
Nothing more than psychological warfare
The target of $23.500 will be hit 🩸⌛️
The 15th BRICS meeting starts tomorrow in SA
Topics that will be discussed:
- New university ranking system
- Gold backed up payment currency
- New 20 countries applied to join BRICS
- Discussion of common payment system
- Aim of full de-dollarization
- Full scale rival to G7
The last bullrun in the end of 2020 started with absolute fear during covid and the mother of all crashes
Bull markets always start with extreme fear while bear markets always start with euphoria
Dont be tricked, timing is key⌛️
Historically, #BTC always crashed hard in September and always closed negative. So why should it be different this time ?
I don’t see much fear in the market right now
Another leg down is loading 🩸
#Bitcoin - whats next ?
The big Sunday report, all you need to know:
🚩 TA/ LCA/ Psychological Analysis:
Its time to recall what happened so far, 60 days ago I predicted a boring sideway movement, and indeed Bitcoin was moving for almost 50 days in one and the same region nearby $30.000. I promised you that the next big move will be in the downside. I even mentioned a clear target of $24.000, that was doubted by many at that time. People called me crazy and insane for giving such a target. The reality is, everyone that longed or bought in the region of 30k became a blood donator to BlackRock that is using retails money as liquidity. Retails were burned, believing BlackRock was about pumping their bags, indeed, the only bags that are pumping are the bags of BlackRock and everyone else that joined my big short plan since $30.000 region
While $24.000 got hit on several exchanges such as OKX or ByBit, other exchanges only dumped till 25k region. Reason for that is the extreme price fluctuation that took place during the time of SpaceX and Evergrande news. I promised you that market makers will use any excuse to dump the market to their target to grab as much liquidity as possible. However, they failed to take all the liquidity in the region of $24.000 and failed to grab the remaining liquidity in the region of $23.500. Right now, market is in negative funding which means that there are more shorts on $BTC than longs in total. In other words, market makers might take out the shorts first before continue going down to our final target. However, this should not be our concern because its very unlikely that market maker will bring the price up to our short entry in 30-31k region. Small sideway movements, and smaller pumps are possible, before finally going down to the last and final target.
Once hitting $23.500 - $24.000 region Iam going to take profit from all shorts and flip into longs. Take profit orders and long orders are ready, awaiting to hit the target only. Its worth to mention that BTC broke through all important "Key supports" that are always considered by other traders as "Strong support", while in reality its nothing more than a psychological support that will be taken out immediately when fear is involved. Indeed, 90% of Crypto Twitter got tricked again. Indeed, they failed to discover the market manipulations in time. Indeed, they failed, lost money, and were witness in an even bigger liquidation scenario than the FTX crash. Indeed, BTC is already down 20% below our short entry.
Congratulation for those that listened and didn’t donate their blood to BlackRock, who are right now enjoying FOMO buyers as their liquidity🩸
Indeed, you have your proof
Indeed, I was right again.
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What a great day for bears and people like us that are shorting since 31.8k region
Dont even think for a second about taking profits
Indeed, my targets are clear and Iam more than patient
$24.000 takes time, but its loading ⌛️
Wasnt my warning clear enough ?
Havent I told you $24.000 is coming ?
Havent I told you to place many long orders in 24k region ?
Havent you been warned more than many times that $30.000 region is local top ?
ETH doesnt look bad vs BTC
Reclaimed key support, forming a bull flag
Expecting $ETH to outperform BTC in next days
My target is $1920 region, will TP and short there
Sunday report loading ⌛️
Been away in the last few days
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#Bitcoin - whats next ?
The big Sunday report, all you need to know:
1. Importance of EMA50
2. Liquidity pool at $32.000
3. Final target of $24.000
🚩 TA/ LCA/ Psychological Analysis: A lot changed in the last 7 days, I have spotted a big liquidity pool in the region of $32.000, seems that many retails got into heavy short positions during the last 7 days, which is also confirmed when watching OI and open net shorts. While BTC is slowly bleeding, many retails opened shorts in exact the same region, the over leveraged shorts will be taken out in the region of $30.200, the largest liquidity pool in the upside region got newly established in the area of $32.000. As you know, Iam a neutral observer, and I cannot ignore this risk while having shorts open from 31-30k region. So, what does change for now ?
The big plan:
Keep shorts open from 31-30k region, but will close once BTC regained EMA50 daily. As you can see from the chart BTC got always rejected in the last 14 days once it tried to breakout above EMA50 daily. However, if BTC manages to breakout above EMA50, I will take profit from all of my shorts and go long towards the liquidity pools at $30.200 and $32.000.
If market allows to breakout above EMA50 and grab the liquidity at $32.000 I will heavily re enter into shorts
For now, keep it simple I will keep my shorts open from 31-30k and will only take profits once EMA50 daily is regained
Final target: No matter what happens in the short term, the mid price action should point out to the downside. My final target remains at $24.000 region and perfectly matches with the liquidity pool down there. Key point remains if BTC regains EMA50, then I will decide to take profits on all my shorts. For now, keeping shorts open and only act once EMA50 is regained.
I think market is awaiting CPI on Thursday, and PPI data on Friday. These are very important numbers and can tell us the next moves of next FOMC meeting. My idea is same, and Iam more than convinced that market needs higher rate hikes to fight inflation, to bring it back to the 2% goal. However, the FED is risking a huge recession by continuing rising hikes. The overall picture doesnt look good for the entire economy. I will soon write a big text about my macro point of view, any why a crash is unavoidable
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