🚨 $OM just keeps performing, and the trend speaks for itsel | Jaffer KOL on Binance Square

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Bullish

🚨 $OM just keeps performing, and the trend speaks for itself.
$OM 
🩸 It remains one of the strongest-looking high-timeframe charts out there, powering through all the recent market chop and chaos without missing a beat.
#NovCryptoOutlook #USPCEExceeds #USJobOpeningsDip 

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What Happened to BTC and Crypto? 🚨 From Uptober to Rektember, everything flipped overnight. BTC was close to $73,000, with the market eyeing a new all-time high. Now, $BTC has dropped below $69,000 📉 $BTC People are left wondering what went wrong. 👉 #Iran is reportedly preparing to attack #Israel from Iraqi territory in the coming days (before the U.S. election). War is typically a negative factor for BTC and crypto. 👉 Nearly $1 billion was wiped out from the U.S. stock market in just one day, adding to the selling pressure on risk-on assets like #BTC and #Crypto 😢 In the past 24 hours, $246.36 million in long positions have been liquidated. This is just a temporary drop; the fundamentals remain strong. BTC ETFs are continuing to accumulate, and global liquidity is at an all-time high. Don’t panic sell your bags. #Moonvember is coming 🚀 #USJobOpeningsDip #16thBTCWhitePaperAnniv

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🔥Guidance for Understanding Market Structure 📚 Market structure helps identify the trend direction of an asset. ➡️ Bullish Market Structure Characterized by higher highs and higher lows. In the daily example, while you might find instances where price made a lower low compared to the previous week, the focus is on the broader upward movements. ➡️ Bearish Market Structure Here, the price consistently forms lower highs and lower lows, a shift from the uptrend leading to $65K. Currently, the price is moving sideways but still needs a higher high on the daily chart to indicate a potential reversal. Market structure can be observed across all timeframes. For instance, by examining January 2021’s consolidation on 4-hour candlesticks, you can identify more pivot points, revealing short-term trends. However, this can also lead to false signals, especially when price consolidates within a range. Zooming out often provides a clearer view of the longer-term trend. ➡️ For example, $BTC may show a bearish structure on the daily timeframe, while the monthly chart suggests a different trend. Identifying an asset’s market structure across multiple timeframes can help focus on trades with the highest probability. Reversals usually begin on lower timeframes before influencing higher timeframes. #16thBTCWhitePaperAnniv #NFPWatch #USADPSurges

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#Bitcoin After months of consolidation around the Bull Market Support band, $BTC has finally managed to retest it, turning it back into a support level and beginning to gain momentum. $BTC It’s crucial to maintain support around this band moving forward. As we start to expand, this band will likely rise along with the price. #16thBTCWhitePaperAnniv #NFPWatch #BTCPredictedNewATH

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$GHST for Binance Users Total Supply: All Tokens Circulating Fully Diluted Valuation (FDV): $54M Buy Range: 0.97 - 0.87 Stop Loss (SL): 0.8 Take Profit Targets (TPs): 1️⃣ 1.20 2️⃣ 1.46 3️⃣ 1.69 4️⃣ 1.94 This one’s expected to be a slow mover, so patience and disciplined risk management are key. $GHST #BinanceBlockchainWeek #16thBTCWhitePaperAnniv #USADPSurges

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