#Bitcoin - whats next ?
The big Sunday report, all you need to know:
For more than 8 weeks we speak about the importance of WMA200 ($30.190) weekly indicator, a top high tier indicator that can decide big BTC moves in the coming weeks and months. However, a big change happened this week
🚩 TA/ LCA/ Psychological Analysis: Since the beginning of the month, while everyone start to claim and predict wild price predictions I have been telling you that $BTC will instead move into a sideway movement and grab the two liquidity pools in our range. The liquidity pool at $31.700 was perfectly grabbed two weeks ago, now a liquidity pool remains open at $29.000. However, in the big picture there is more liquidity in the downside than in the upside. In addition to that, WMA200 is lost on the daily chart. Closing the weekly chart below WMA200 is a very bad sign for BTC and supports my idea that BTC needs to see a wider correction here.
First Target: Liquidity pool at $29.000, to take out liquidity and retest EM50 daily. If a daily candle clearly closes below EMA50 you can expect the next liquidity pool at the second target
Second Target: My second target is located at a liquidity pool at $27.000 region that perfectly matches with the top high tier indicator MA200 weekly. This target is only in our interest once EMA50 ($29.000) is lost. If MA200 weekly is also lost, you can expect the worst case scenario to play out, which would bring us to target three
Third target: Absolute worst case scenario, is hitting the huge liquidity pool in the $24.000 region
Remember that the word "Target" does not mean that Iam fully aiming to see these "Targets" in the next few days. Price action fully depends on BTC reaction on certain levels. As example, we said if WMA200 is lost, we see EMA50 next. If EMA50 at $29.000 is lost we see MA200 weekly next at $27.000. Once losing MA200 weekly we see the absolute worst case and the final target of $24.000
Remember that one out of two liquidity pools got fully filled at $31.700 and taken out as mentioned in the Sunday report two weeks ago. The plan played out perfectly for the $31.700 pool. Remember that only one out of two liquidity pools was taken out already, and there is still one at $29.000 region that was not taken out yet.
Remember that the liquidity pool is perfectly matching with EMA50 daily that has not been retested yet. Something Iam fully paying attention to as very strong support.
I think that market makers will go for the $29.000 liquidity before they decide to continue going up, or even taking out the current largest liquidity pool at $24.000 region before continue going up. For that, really big FUD is needed and going all the way down to $24.000 region would be the absolute worst case scenario.
Remember that there is almost no liquidity left in the upside, Remember that this week is the week of big volatility due to important economic data including FOMC. In other words, a week in which our liquidity pool of $29.000 can finally be taken out.
🗓️ Important Events Next Week:
Monday: Manufacturing/ Services PMI
Tuesday: CB Consumer Confidence
Wednesday: FOMC 🚨
Thursday: Unemployment Claims
Friday: Core PCE Price Index
End:// thx for reading
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#FOMC - ALL YOU NEED TO KNOW:
- No rate hike increase this month
- Rate cuts are unlikely in 2023
- FED goal remains 2% inflation
- FED signals possible rate increases this year
- Two rate hikes with .25bps expected by FED this year
Overall, hawkish statement.
Now that #bitcoin is down, I'm starting $1K - $50K challenge
I'll trade High probability setups only, I think it will take around 3 months to complete but it must be fun.
I'll share all the trades after taking them on twitter and my telegram channel.
1/ A smart whale who made ~$2.5M during #USDC depegging is long $ETH on #Aave.
Today, this whale:
- Exchanged a total of 7,169 $ETH for 7,169 $stETH.
- Deposited 7,169 $stETH into #Aave.
- Borrowed 8.45M $USDT.
- Deposited 8.45M $USDT to #Binance (possibly buying $ETH).
U.S default is possible this Friday.
Treasury has $60 billion left.
If spending continues at current elevated pace, the balance will be NEGATIVE $18 billion by Friday.
On June 1st, Hong Kong crypto exchanges will be allowed to offer their services to regular customers.
If alts catch a bid, I expect Chinese-related coins to perform strongly.
Here is my watch-list:
(1/3)
$BTC
Easy day trade.
Reasons for entering : Swept Monday's low reclaimed bearish order block turned into current bullish breaker + Choch target mid range and highs simple stuff.
3 days ago I created checklist of indicators to help evaluate when a top might be in for a meme coin.
For $PEPE, 5/5 have now hit (at the time of posting, none had):
✅ 24h trading volume flipping market cap
✅ Lower highs being formed on a HTF
✅ Number of holders decreasing, or holder growth significantly slowing
✅ Large whales starting to sell
✅ Funding rates shifting from negative > positive
I missed the entire PEPE run up, can happen. But got a very well sized and good risk managed short on the way down.
All shared live in my free telegram. 😊 https://t.co/DuRBDPwEtx
Binance is involved in selling BUSD right into TUSD, using a #BTC bridge. This explains the current BTC rallye from 20-30k
I was one of the first people that pointed out the massive BUSD involvement in this rallye, now its clear where the money is moving to.
$PEPE has changed many lives, after doing a 375,000x in just 21 days.
But you can change yours too.
Here's my full guide to finding meme coin gems (and trading them for crazy returns). 🧵
@crypto_harmonic Great session Sir, Jazakallah♥️
Just for the motivation you build this portfolio Mashallah with spot trading or future? In how many years?
What is your intial investment after loosing 10 lacs