While $BTC continued to try and hold $56.3k level, the reality is looking more clear, macro, that it may need to pull back to $51.5k-$53k before the next move up. Lots of confluence for support there (purple/white circle).
@CryptoG450396 Iโve made more trading these BTC moves than youโll earn in 75 lifetimes homie. Couldnโt care less about your opinions. It takes 0 balls to troll. Peace.
While $BTC continued to try and hold $56.3k level, the reality is looking more clear, macro, that it may need to pull back to $51.5k-$53k before the next move up. Lots of confluence for support there (purple/white circle).
Pretty sure that wicked low was the swing low before the next pump for $BTC. As predicted, Phemex crushed some overextended longs and shot back up in a Swing Failure Pattern. Be safe, trade responsibly folks. See you at the top.
The funding rates on Phemex are very high this round and projected even higher next. Signal for too many longs with too much leverage, which is just an invitation for whales to squeeze them and go on a liquidation run which is likely what we're seeing here.
It was an absolute pleasure to speak with members of US Congress on the topics of blockchain, digital wallets and how platforms like @metalpaysme and @protonxpr can onboard the next generation of finance! โ๏ธ๐ค๐ $MTL $XPR $BTC
ON-CHAIN: #Bitcoin seller exhaustion is seeing a similar divergence to the last two bottoms in July and October:
โขSeller Exhaustion bottoming
โขSeller Exhaustion rising while Bitcoin price trends down
โขBitcoin price begins rising