#BTC on a weekly time scale, is showing a strong downwards push in momentum, it's almost like the bull run is momentarily over and a dump around 65k is no more impossible !
However, unless this bull run is called off, the more whales bring BTC down, the stronger push potential they create for its price to rise upwards later..
It looks like short orders are much better than the long at least in this non-bull run of 2024 😀🤷
Don't go long at critical resistance hoping for miraculous continuity in the upwards rally, take a deep breath and go short to enjoy watching the disaster in the market
#TURBO has just set new records to rise and crash like a joke ... it's hard to figure out such flash vertical climb followed by a landslide exactly to where it all began 🤣... it must be added to new trading charts 📚🛑
Talk about funny? well this letter M in the chart below is 📈
If you're wondering why is your position so vehemently going in the opposite direction grinding you fully for not utilizing SL 😁, try closing down the position to watch it fly back up in no time 🤷😀
Today, on Monday 28 Oct 24, looking at the price of crap coins crashing like a joke as if we're in some cheap pay-to-win Mobile game ..
#BTC has perhaps proven beyond any doubts that it's the only coin worth trading in Futures and the only place for these crap altcoins is in spot; nowhere else 🤷♾️
#BTC☀ doesn't care about the altcoins and the sooner it's understood, the better it is.
Having lost over 9k in the last crash liquidations, I don't remember gaining that much in a few hours like that, such falls have a lot to tell if one understood it.
1. Approach When you have reached the target 🎯 or are very near to it, close your positions and then use only 10% of the funds to trade to hunt for the remaining target. This will help 90% of your funds to remain immune to the market swings.
2. Stop Loss Always use SL in leverage trading and prefer it over increased margin.
3. Forced Exit In such vindictive price volatility of the market when you see it going down and there's nothing you can do to stop 🛑 it, the only way to cut losses is to accept the losses before liquidations. Though it seems hard, but it's much better than a wiped out account..
4. Always manage your risks In leverage trading preferably use a liq price that's even below the ATL or use low leverage to avoid liquidations.
5. Backup Funds Always a good idea to keep a certain amount of funds as back up for such special situations to be used for margin increase if required.
6. Never be complacent Always be on the watch for your trades and you can only be complacent, if you are in profit and you have put a stop loss in the profit range.
7. Take Profits Always sell part of positions to take profits instead of hoping for unimaginable gains. while that's theoretically possible too, slightly deeper dips than you thought could devastate your plans for good.
Last but not the least, overcome the greed factor if you can to attain your target and you're great to go 💲👍
Good luck and happy trading
Disclaimer Always DYOR in trading. Information above is purely educational and is in no way intended to be a financial advice.
#BTC☀ doesn't quite appreciate it when the altcoins rise 😀📈, so there's always a decisive drop waiting until alts are where they must be !!
looks like the bear market few months ago is taking over the sentiment again 💲♾️
However, the persistence and patience of mind will win it and all of this red would soon appear to be lost opportunities so it's wise to act objectively rather than emotionally !!
This, above was not a financial advice. DYOR for financial planning. 💲💰📈
Whenever #BTC☀ is under the heavy influence of Seller Whales, it inadvertently impacts the buyer whales too, bcz everyone prefers a bigger chunk in the same buy order as before on a lower price .. As a result, the counterbalancing buying also slows down bringing down the price even faster !!!
It's therefore, prudent to avoid trading during such turbulent hours and plan well for a rebound or a bigger crash 🙋💰😀
Either average up or sell part of the position to cut the momentum, are popular choices that one may only use if end state is well understood in both scenarios 😉💰💰♾️
Disclaimer! There's no financial advice in the text above and is neither intended to be such. Always DYOR before making financial decisions 💲.
#BOME had an unexpectedly swift move to the upside yesterday. Market manipulation at its best, as today it's leading the Losers list 😁🙇😉💲 and it still doesn't seem to get enough of the dump to stop 🛑
At the time when #BTC almost regained it's before crash price, #BOME seems to remain indifferent to the other market and is constantly falling apart
$BTC is holding on to the current price range of 65k-66k and the longer it stays here on this level (few days at least), the better it would be for the market 😉
Should there be a possibility of a bigger drop as likely, Alts need predetermined SL much more than an added margin and that's the way fwd right now for the ones who think alike .
DISCLAIMER: There's no financial advice in the above information. Always conduct your own research to assess the market sentiment before making financial decisions 💲💰📈
It took #BTC☀ 17 days to hit 66k again and it would be a wasted effort to get this high unless whales had something really strong cooking up their minds ..
A pattern study suggests that BTC will not go down to 59k this time like it did a few days ago bcz we're ahead in trend than before..
Secondly, time is running out in Oct 24 for large price swings🤥
If Only, alts exhibit some resilience, this October could still behave as an uptober 🤷😊
Nonetheless, SL is your best friend 🙋🫣👍
Disclaimer: Always DYOR before making your decisions final ✅📱💲💰📈
$BTC can still hit 57600 mark even if it may seem highly unlikely. The best way ahead is to keep enough funds at hand to average up the drops to enter the profit zones earlier than the entry price even 💲💰📈
#BTC is making everyone fret over it's upcoming larger move, while long term uptrend still persists there seems little doubt that various technical indicators are pointing downwards ⬇️👇...
The inverted cup and handle pattern is hinting towards an extended leg towards 54-56k price region.
However, any indication in isolation doesn't always work when not looked at along with other affecting macro factors.
But, the fear is real to watch out for unless there's a surprise waiting for us all perfectly being setup by the whales 😄💰🤥💲
This information is in no way intended to entail any financial decisions and is meant solely for educational purposes. Always DYOR for your own assessment of situations.