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Oil is dropping which suggests there could be news of a peace deal to come. Gold dropping supports this narrative. Trump knows the major markets will drop on the news hence it dragging on. US500 dumping will not be good for crypto. Still shorting into any relief rally
Brutal day for a lot of people in the markets. We might have just seen the capitulation wick and the sell volume that supports it. This scenario can indicate a local bottom while markets decide on next moves. Brutal day for most. $130B wiped out from crypto market cap
BTCbot gain per block past 7 days π
4th June 1.042%
3rd June 0.562%
2nd June 0.937%
1st June 0.465%
31st May 0.000%
30th May 0.000%
29th May 0.212%
β Consistent execution β Disciplined strategy β Small repeatable gains.
π https://t.co/aKZd0cCS7X #BTC#AlgoTrading #tradingBot
BTCbot gain per block past 7 days π
3rd June 0.562%
2nd June 0.937%
1st June 0.465%
31st May 0.000%
30th May 0.000%
29th May 0.212%
28th May 0.268%
β Consistent execution β Disciplined strategy β Small repeatable gains.
π https://t.co/aKZd0cCS7X #BTC#AlgoTrading #tradingBot
There's quite a few out there guessing bottom prices on the current move but one thing that stands out is no mass capitulation volume candle for the blow off bottom yet. For me, a large volume wick with a deep pullback would signal local bottom and time to ease of short trades