Many degen shorts just opened 😅
Would be a shame if they absorbed all the selling and starts to pump it back
$BTC 59,300 is still holding. Give us a nice wick down and then pump it.
pension-usdt.eth, the smart trader who won 23 trades in a row, is winning again!
He shorted 50,000 $ETH($82.36M) two days ago and is now sitting on an unrealized profit of $4.35M.
https://t.co/vAV3pzYIhA
$47m notional short open
every time i open a position CT starts praying for my liquidation
then a few days later it becomes “obvious” in hindsight
come hunt me
🚨BREAKING: 🇮🇳 ED RAIDS 5 CRYPTO PLATFORMS OVER ALLEGED FEMA VIOLATIONS.
Key findings include:
• Alleged unauthorized cross-border crypto transfers exceeding ₹2,500 crore
• Searches conducted at 6 locations in Bengaluru
• Platforms under scrutiny include Transak, Xpat (Remit2Any), Onramp .money, Onmeta and Carret
• ED alleges firms used USDT and other crypto assets to facilitate cross-border remittances outside RBI regulations
• Around ₹6 crore in bank balances frozen so far
Further investigation is underway.
$BTC bottom isn't in yet.
This means there could be another lower high before a full capitulation.
IMO, this lower high could be around the $74,000 level, which has been a key level since Q1 2024.
After that, Bitcoin will have its final dump.
$BTC
We are currently forming a bullish RSI divergence
This is how 2022 bottom was marked
If it holds, I'd bet that final bottom must be in August-September at ~50K-55K targets
Want to tell you something interesting about $BTC...
Most of you are aware of BTC market cycles, and that historically bear markets last ~365 days, and we're 2.5/3 in
What's the small difference is speed, we're dropping faster, sharper chops and should bottom earlier
That means we bottom in ~August, probably September max and even that many know about
But even with this info, I see how 99% of you are losing money in the fourth cycle in a row
So how does that happen?
Based on all the math, we're likely ~15-20% from the bottom and next thing, what you don't know is that historically...
Smart money builds spot positions all the way down in the -40% to -60% range from ATH
Using that model means you must buy at:
65K
60K
55K
50K
That's currently what I am doing, even with calling for lower and telling you about my shorts, I am buying spot actively
Most of you are trying to buy at perfect price, then we drop to 55K and now you're scared to buy cause what if we are going to 40K?
And there is more, we really can dump to 40K, so fear is real and that's where the worst happens, you are not buying at all
Then buying back the pump at 80K
Don't cry because it's over, smile because it happened
Understand that this might be one's last chance to buy BTC at ~50K-60K and that might be your generational trade
I don't like pushing it so much, calling you what to do, so I'm basically like giving my thoughts
And in ~1-2 years, I will be posting that I called the actual bottom and made another 7 figs on this BTC trade
So you can follow me now and be on that way with me, or skip it and read the same thoughts next cycle after you skipped profits
A coin flip would beat most traders.
Not because the coin has an edge. Because it can't tilt.
It can't revenge trade. Can't size up to get even. Can't panic-move a stop.
We do all three, and then we blame the chart.
The market didn't take your account.
You handed it over.
$BTC
My Current Market Thesis,
Price has cleared the liquidity cluster that was built around 65-66k.
Everyone that was short from the lows got rekt but we have been cooking lately,
Longs are completed and now it's time for us to look for shorts,
I am already in a Swing Short from 67.2k and will DCA if we get higher.
If you look at the chart given below, you can see we got a small cluster built around 68-70k,
So it's possible we go there and clear it first before the major dump,
(If we go there, I will just DCA into my Swing Short).
On HTF, I am expecting price to dump into Low 50s, where we are gonna TP our shorts,
And look for them Ultimate Longs for the bull run.
I will post my complete thesis for bottom and start of the bull run soon.
Also, we are also very close to my first top timing that I was talking about (16-17th June),
So we are either gonna top after the rejection from 67.5k retest.
OR
We move to our second top timing which is 22nd June, which will probably drag the price to 70k and clear the remaining upside liquidity cluster,
We got massive liquidations stacking below us,
So the moment we are done with the upside, we are surely gonna go lower and hunt them out as well.
DON'T SHORT $BTC YET
The channel is broken and $59k is gone
But the next leg down doesn't start from here
There is a FVG at $68k that needs to be filled first!
Last time this happened was before the drop from $82k
Price climbed into the FVG, filled it, then collapsed to where we are now
The script is identical - just one level lower
So, here is my read:
Touch FVG ($67-68k), then the final leg to bottom zone ($47k)
I called the $BTC crash from $126k before it happened - publicly, on this page
This is my next major call - and I'm putting the same conviction behind it
Follow now to not miss the update - turn on notifications to see it first
All eyes are on the upside liquidity in BTC.
Around 64.6K, there is a 2.68B$ short liquidity cluster. The market usually does not ignore such a clear pool.
Downside risk is still there, but in the short term, the main magnet looks like the 64K–65K zone.
#BTC
And what about $ETH ?
Well, $ETH tends to outperform $BTC to the downside, which isn't surprising since the $ETHBTC chart still looks bearish 🤷♂️
1st Leg Down on $BTC: -36%
1st Leg Down on $ETH: -46%
(10% difference)
2nd Leg Down on $BTC: -38%
2nd Leg Down on $ETH: -48%
(same 10% difference)
If the 3rd Leg Down on $BTC is gonna be -40% (explained yesterday), then the 3rd Leg Down on $ETH would be -50%? Which is approximately $1230 📍