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I spent years as a pediatric nurse working transplants and dialysis. 6 years ago | quit to become a full time trader. Now I teach what I actually do: mostly spot trading on higher time frames with a focus on risk management.
🚨Long liquidations across Crypto today
Last 2 hours on OKX + Gate alone:
$BTC $24.4M longs liquidated
SETH $32.3M longs liquidated
BTC new low at $79,220, ETH down 3.7%..
Leveraged longs getting flushed on $80k support break
⚠️$SPY closed the week below the trend line
That's 2 straight closes underneath.
This is the setup I said would be a bad sign for next week.
Buyers need to fight to get back above that line early next week.
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🚨#Bitcoin & #Ethereum trend updates:
$BTC - weekly trend is still up even with how ugly the daily has been
Zooming out helps you not get chopped up in this range. Higher lows since the $57.8k June low and above the 50W MA ($76.1k). Weekly close above $82,200 keeps upside open,
#Bitcoin key weekly level update:
Note last week's drop below with wick reclaim.
Buyers need to force another wick back above $82,200 by weekly close to maintain local upside potential and avoid a tap of one or both of the
EMA supports below.
#Bitcoin ETFs just had their biggest outflow day in 4 months
$635.6M left spot $BTC ETFs yesterday, per Farside, the most since June 25 and it wiped out Wednesday's $524.8M inflow
That's with price sitting right above average cost.
📝 WHITEBOARD WEDNESDAY Ep. 2: Fake Breakdowns
Last Thursday #Bitcoin broke below the Oct 8 low at $80,400 and dipped to $79,775, which looked like the start of a breakdown. By the daily close it was back at $82,232, right back above support.
That's a failed breakdown. A level isn't lost just because a wick pokes through it, it's lost when candles start closing below it. After a fake one, that wick low becomes the level buyers need to hold, and every daily low since has stayed above $80,400.
Book mark this one for the next time support gets tagged.
Good thing we bought $ZEC yesterday in telegram. 🔥 Patience pays off.
🚨 JUST OPENED 61 MORE SPOTS FOR NOVEMBER. Get in while you can.
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$ZEC
Sitting right at a key support and a key pivot to hold
Note the large expansion candle base to the left
Absolutely has to maintain that lower dotted line to avoid death fall
I think if it gets above $1,280 dotted line then it's a quick push opportunity to $1,500 area
⚠️ Someone bought 248.8 #Bitcoin in 2013 for about $88k and just moved it for the first time.
It's worth over $20M now. 💰
That person sat through Mt. Gox, the China ban, FTX and three separate 75%+ crashes without selling. Most people can't hold through a 10% drop.
13 years of conviction; respect.