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weraceasone
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Bearish
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Alts getting hammered as
BTC
has decided to go for the kill !! Alts getting hammered
$BTC
$ETH
$SOL
#altcoins
#CryptoWatchMay2024
#BTC
#Memecoins
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weraceasone
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Bearish
And as we speak market has broken down to the levels mentioned taking entire market down with it along with alts
#altcoins #BTC🔥🔥🔥🔥🔥 #CryptoWatchMay2024 #bitcoinhalving #Memecoins $BTC $ETH $SOL
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weraceasone
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The least expected scenario is the most likely scenario !! Just ask yourself a very simple question, what is the most expected scenario for BTC and Alts? A bull run leading to ATH in just few weeks, months !! A man walking down the road would even tell you that, but when you hear it from everyone… Sell and walk away, wait for the inevitable. I am not a fortune teller, & everyone trading knows some TA if not all, so not going to get in the details of TA. All I see money flows from coins , Volume and Price Action, and how much the chart looks good but battle on the ground ain’t that good.. Every day around 50,000 traders are liquidated and some with millions of dollars, Alts loosing values every day bit by bit and people waiting for that green biggest candle world has never seen or known that will pump their bags to moons.. everyone is shouting out loud BTC to 120k, 250k and some even forecasted it to 1 million dollars… wow Before I continue I must say none of this is a NOT a financial advise and I am not a fortune teller nor I have crystal ball (yet)… but then again no body has !! Solana is crashing every day and the day it looses 140, it will be below 100 before we even know it. ETH is already tested 2800 level which I wrote few weeks ago. Now we are looking at 2,400. People are somehow discussing the possibility of BTC going to 59,57k and some predicting it to 52k. Guys any one can throw numbers in thin air looking at charts and Fibonacci this and that.. but as I have said before and I will say it again markets moves because of two reasons and not because of our wishes and two reasons are liquidity or market imbalance. Major liquidity + market imbalance is below us and some liquidity around ATH.. but much much more is below us.. economic data is already bad as I mentioned in my previous post.. Same pundits were predicting ATH this May and June now they have just changed the year… what happens in 2025 who knows? So expect the least expected atleast for time being… $BTC $ETH $SOL #Memecoins #buythedip #MarketSentimentToday #altcoins
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The uncharted waters !! For the first time coming out of a multi-year high, so, for the first time since April 2021, Bitcoin moved and closed weekly below EMA10. 👉 Bitcoin is now officially trading within bearish territory. This signal can be interpreted as the start of a short-term bearish wave. If the wave will be long or short in duration we cannot tell at this point; assuming our halving theory, bull-market, etc., we expect a short-term correction —fast and strong followed by sustained growth but this is just speculation of course. ➖ Bitcoin moved quite completely different in this cycle compared to previous cycle. ➖ The truth is that we are in uncharted territory. 👉 The correction can be mild or strong? So far all signals continue to point toward a major crash in the coming days or weeks; it can always extend but the bearish signals are only becoming stronger, the bullish side weaker. The feeling right now is as if there are no buyers... Waiting... Waiting for something; maybe the movement of some funds. There was plenty of time to sell at the top but for many this isn't enough... Right now we are going down and instead of securing amazing profits, some people are kind of greedy hoping for more. All we can say is that Bitcoin will grow in the long-term... But short-term, prepare for the drop! In case of capitulation look for ETH at 2,400 levels, Sol around 86-96, BNB in range of 300-400, Doge below 0.1200, rest of altcoins 30-50% below CMP if we have a catastrophic event of capitulation.. available data shows three LP 79,000, 50,000 and the most dreaded 30,0000, can’t predict how it is going to move but I guess it will take LP of 52k and below then 79k and drastic drop to 30k. Anybody can check the LPs on CoinGlass on very HTF to see what I just discussed.. OI also way above normal levels, market imbalances still not corrected.. it’s not a question of if but when !! Stay alert guys!! $BTC $ETH $SOL #altcoins #BTC #MarketSentimentToday #Megadrop #BullorBear
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The reversal should be in anytime soon !! More on downside than upside… max we should see 65,600 and that too if we are really lucky 🍀 This is from the perspective of Price Action (PA) and volume analysis. ETF’s are seeing continued outflow, US govt is trying to come after Tether !! Market hasn’t taken any direction so more of a bearish action is expected but having said that as I always say no one can time the market and only calculated probabilities can be discussed and shared !! strong coins showing weakness like TAO loosing momentum, ETH not looking to good and in case of downward pressure it should test 2,400 range TAO lost 72% of its value in just 32 days and let that sink in.. FET, RNDR, MEME, TON, INJ, ZIG showing no proper bullish signs, BTC dominance on break out !! What should we expect, that could be anybody’s guess and in no way my idea is to create FUD but to make sure none of us loose money in a bull trap, only a break and sustained 67500 can confirm we are on the bull side and have crossed the chop chop part of market, which I doubt in near term future.. max upside as per liquidity level on very HTF so far is 79-80k but that is from the available data as far.. stay cautious avoid leverage and don’t buy on the top if there’s a dip to come buy on the dip and don’t DCA… professional traders don’t add to losing trades no matter how brilliant the idea looks but practically speaking you will trap all your money in DCA… add to your winning position.. retail and individuals have this psychologically of adding to loosing positions while cutting to winning position? Ever heard a professional fund manager doing the same? No !! They are quick to cut the losses… $BTC $ETH $SOL #altcoins #buythedip #BTC #MarketSentimentToday #Market_Update
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Watch out… we may even touch 65,000/- touch and go while taking out the shorts and then dumping to take out longs.. unless and until FVG doesn’t get corrected (the market imbalance) 56,500 level.. the market may not move out of this choppy situation… In case of capitulation even 56,500 can’t be ruled out but as of right now that doesn’t seems very probable but again this is crypto who knows one day to moon and next day to kill zone.. beware and be cautious and don’t do DCA as you will run out of money if market plans to go down and down and down to what level no body can guess but 57 seems a safe level for spot entry, expecting a lot of volatility due to CPI/PPI data coming in these two days and then we can see the price reactions.. market is not expecting a good data so a big sell off can come anytime in case of a bit bad data else we will continue to chop chop chop… Don’t try to short the market as none of us is more smarter than the market as a whole… and as they say market is always right irrespective of whatever!! Avoid leveraged trades rather stay out of market if you save your capital today there will be million trades ahead , learn to life to fight another day guys !! $BTC $ETH $SOL #altcoins #buythedip #BTC #MarketSentimentToday #notcoin
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The short squeeze !! Btw the short squeeze came in sharply and destroyed a lot of late shorts or high level shorts to 61,500/- one liquidation snapshot is from 12 hours ago one at the time of this writing. I guess there’s still more to come before taking the late longs or if the support is broken then obviously it will be late longs first but looking at liquidation map there’s billion more on the short side than long side.. Now ? Seems more like accumulation to me despite weekend’s slow performance… might lead to a break out soon by Monday if it doesn’t break the support and plans to visit 57’s unfulfilled wick… $BTC $ETH $SOL #altcoins #Memecoins #MarketSentimentToday #buythedip #BTC
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