The Devil's Analyst

Forex & Crypto Trader 🇮🇹
Backup account, follow me on @TznDayTrader

[The Devil's Analyst @thedevilanalyst]

Gm fam☕ I know you're still sleeping
Psychedelics Anonymous
#pafollowpa #NFTCommunity

[The Devil's Analyst @thedevilanalyst]

@TznDayTrader 👀

[Tzn Trader @TznDayTrader]

Let's take an in-depth look at what happened to $BTC through technical analysis during this liquidation.

You’ll find that nothing happens by chance👀🧵

[Tzn Trader @TznDayTrader]

New token
Many influencers talk about it
They are insiders
I understand now
$ASTER

[Tzn Trader @TznDayTrader]

Why is everyone talking about $ASTER ?

[Tzn Trader @TznDayTrader]

$ETH short term
In the next few days we'll see if the price will reach that traffic area wich is a pool of liquidity

Many orders under that swing lows👀

[Tzn Trader @TznDayTrader]

GM Traders☕️
This is my view short term on $BTC

Price took the liquidity over the last swing high and as always reacted to the opposite side first
Now we can see an internal sellside liquidity that could be reach by the price in the next few days, especially if the market will open red next week

I don't expect big volatility on the weekend
Bitcoin pirce could go sideways today and tomorrow

[Tzn Trader @TznDayTrader]

I’m sorry but imo this is not true.

Banks and hedge funds don't have traders who look at the market with the same eyes that we mere mortals look at it.
They don't use the power of 3,
they don't use turtle soup,
they don't use the Smart money concepts.

They do algorithmic trading for 99% driven by an AI and advanced software. Their traders limit themselves to managing the risks and calibrate these software.

AI is already replacing traders in banks. But we who don't work in the bank and don't have access to their software must use our skills and abilities without falling into the AI trap for trading.
That's for them to calibrate their method, not us.

[Tzn Trader @TznDayTrader]

$SOL continue its distribution phase
It could be a great time to take some profits?

[Tzn Trader @TznDayTrader]

$BNB monthly chart is very aggressive
Is this the peak of the bull market for #BNB ?
Maybe not

If you take a look at the $TOTAL3, the $ETH market cap and the price of the majority of the Alts you can clearly see that Alts season is not started yet

So, if we'll see the same altseason that we saw in the past cycle where everything pumped,
we'll see $BNB reach others ATH

[Tzn Trader @TznDayTrader]

$CRO has tested the bullish structure of the last cycle thanks to the news of the collaboration between Trump's company and @cryptocom
And this could suggest that we are in a new phase for this token.

As we could expect,
the price reacted downwards after the test and now we are within a very important area where the next future of the $CRO price will be decided.

[Tzn Trader @TznDayTrader]

The FED cut interest rates by 25 basis points.

If you have seen the forecasts so far before the FOMC you will not have been surprised.
Everyone expected a rate cut of 25 basis points.

Trump has been stressing Powell and the members of the FED for months to make them cut rates by saying for some time that they should have cut them a long time ago.

Powell has always done his job but he has never been a supporter of Trump, but he knew that he could not go any longer without making any cuts.

So why didn't the price of crypto explode?
Simple.
It's not enough to cut interest rates once to see the price go to the moon.

It takes time.
It's more cuts.

[Tzn Trader @TznDayTrader]

There are 3 pillars that a trader must follow if he really wants to become a professional trader

STUDY
LEARN
EXPERIENCE

[Tzn Trader @TznDayTrader]

#Ethereum Market cap is on a big traffic area that could lead to a decrease towards two areas of dominance inefficiency

After seeing where the liqudity pool for $ETH is located (see my previous post to this one) we can expect a lowering of the price of ETH towards $4200

[Tzn Trader @TznDayTrader]

$ETH liquidation heatmap

As you can clearly see there is no liquidity towards the highs
But
there is a pool of liquidity below the lows around $4200

And we know how the price works, how it moves and why it moves🧠

This could mean one thing
#Ethereum is ready to drop👀

[Tzn Trader @TznDayTrader]

This is interesting...
$BTC liquidation heatmap show us where is the liquidity

And as you can see
There is really low liquidity over the ATH
But there is a huge amount of orders around $107k

Maybe we can understand a little more where the price want to go now
#Bitcoin

[Tzn Trader @TznDayTrader]

This is also interesting...
$BTC market cap is going down after the touch of the 66% that was a key level

If the market cap continue to fall down at least to the 56% level we can see the Bitcoin's price drop towards the sellside liquidity where we have seen that there are more orders

More orders = more liquidity

$BTC at $107k is coming...
#Bitcoin

[Tzn Trader @TznDayTrader]

If you want to be successful in life
whatever you want to do,
always follow this rule:

be yourself

[Tzn Trader @TznDayTrader]

$ETH has been going sideways for a few weeks now

And I keep thinking that the best thing it can do is go back to testing the structure and close the market imbalance it left behind around $4k

Historical support there
And a lot of liquidity as we will see in my next post👀
#Ethereum

[Tzn Trader @TznDayTrader]

GM Traders☕️
Today I will give you some of my thoughts and predictions on Bitcoin and Ethereum 🧠
So stay tuned👀

[Tzn Trader @TznDayTrader]

This is interesting
$BTC test the structure around $108k 3 weeks ago and then bounce above $115k
but as you can see there is no much strenght in this last bounce

Price is going sideways for a while

It's a sign that could tell us where the price want to go