So the surprise dip happened. š¤£ it was worse than expected. Anyone who entered during the run is probably liquidated. Most positions opened before the run are still safe. Some of the funding rates are negative. Thats a good sign. š
LIVE
Gem100xhunter
--
I guess most of the new money was wiped.
This is why if you are new you have no business with 20x leverage. Not even 10.
Its always good to stay level headed.
All profits and capital wiped for alot of people in just a few hours.
I think there will be one more surprise dip taking out one last wave of liquidity. Targeting people who entered again thinking the bottom is in.
In any case, funding rates are mostly back to normal. But this does not mean that volatility is gone.
It would be nice to see alts push higher.
I dont see anyone screaming $XRP anymore. š¤£ most of them are calling crypto a scam now. Its kind of funny.
Ive been avoiding tiktok because of all the lies and ridiculous videos.
I opened it for a few minutes today then i saw alot of videos talking about crypto.
Sadly 99% of them are from mindless people.
Whats worse is at the comments you see people who believe them. Those who tell the truth are getting bullied.
This is how u know the bull is back.
People not reading charts acting like experts. People whos been in crypto for 3 days and talking about things without even knowing the basics.
Its disgusting and sad at the same time.
Please. If you follow me and you are new, do not use tiktok as a source of information. Always do your own research as it is very hard to come by truthful information.
The saddest part is those who tell the truth are labeled as ācrazyā.
Yes, crypto is at easy mode now and its easy to make money. But its a double edged sword. Crypto is extremely high risk and you can lose everything in a few minutes if you are misled and you dont know what you are doing.
If you want to find real technical analysis and information, find people with videos and has been talking since the bear market.
My tip is simple.
If you see a million people going right. Go left.
If you see a million people going left. Go right.
Markets has never favored the majority. Infact it usually does the opposite. Thats why 98% of people lose.
If its too good to be true then its probably a lie.
Only a handful few gets lucky and makes thousands from pennies. Even them had to work hard. Grinding on dexes 24/7.
That btc dip to 90k was insane. We printed an indecision candle on daily. Meaning both bears and bulls are trying their best. (Equal size of wicks)
Who ever wins will probably create an impulse.
Lets hope the bulls are strong enough.
If not we will probably be going back to 80+k.
That wont be fun. ā
However, the weekly candle havent closed yet. If we close above 100k it will show a really strong bullish candle. If we close below 93k it will show very strong bearish candle.
Exciting weeks heading into the holidays.
Historically december is good. So im leaning towards upside.
Im a bull afterall.
My suggestion.. do nothing. If you are in the sidelines, try to dca. Personally i wouldnt sell. We still have a long way to go.
Tho i kind of have a feeling that the market is really hot. We might have some sort of correction or sideways action to allow rsi to cool down.
One thing that bothers me is $BTC btc has bearish divergence on higher timeframe. We need to break the previous high in rsi to invalidate it. Its concerning but still there is time.