Bitcoin - A word of caution and possibility of freefallLike the rest of the market, Bitcoin also enjoys a relief rally after the prolonged period of selling pressure. Meanwhile, we again started to notice a revival in bullish sentiment accompanied by calls for BTC bottom, trend reversal, and new sky-high prices. However, we resist these calls and remain bearish on Bitcoin, although we acknowledge that the rally might get prolonged for a little longer. Despite that, we watch ominous developments on the chart of Bitcoin. First, several indicators retraced from an oversold condition (on the daily time frame); however, at the same time, BTC failed to make new highs. Second, we start to worry about the absence of any significant support below the 28 600 USD price level. Indeed, we speculate that if this level is penetrated to the downside, then extreme selling pressure is due to follow. Therefore, we voice a word of caution to the investors.
Illustration 1.01
The chart above shows the market cap of BTC. It can be observed that BTCs dominance started to increase early this year as other altcoins started to manifest losses. We expect this trend to continue and even strengthen over the coming months.
Illustration 1.02
The picture above confirms our statement about the BTC dominance.
Technical analysis - daily time frame
Despite that RSI reversed to the upside from the oversold zone and started to grow, BTC is choppy and does not continue to make new highs. MACD and Stochastic remain bearish, although, Stochastic managed to reverse; now, it points to the upside. DM+ and DM- show bearish conditions in the market. ADX increases and indicates a powerful downtrend. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish; ADX resumed growth just recently (after the neutrality). Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTCEUR
✅ BTC 💥 +60k It’s been a rocky start to the year for Bitcoin , but experts still say it will hit $100,000 — and that it’s more a matter of when, not if.
Bitcoin’s price plunged down to $37,000 Thursday after a brief rally the day prior, primarily driven by the Federal Reserve’s announcement that it is raising its benchmark interest rate by half a percentage point. The Fed signaled that it will continue raising rates aggressively in the coming months and begin reducing asset holdings on its $9 trillion balance sheet in June.
Investors continue to wrestle with concerns over rising inflation , geopolitical tensions, and the possibility of tighter monetary policy by the U.S. Federal Reserve . The crypto market has increasingly tracked the stock market in recent months, which makes it even more intertwined with global economic factors.
With no end in sight, the war, inflation , and shifting monetary policy in the U.S. will likely continue to drive more volatility in the coming weeks and months, experts say.
“The overall market has noticed the high correlation to Bitcoin and the general equities markets,” says Armando Aguilar, head of alternative strategies and research for Ledn, a digital asset savings and credit platform. “The S&P 500 and NASDAQ have had the largest correlations to Bitcoin with 0.88% and 0.91%, respectively. A correlation of one means that they move equally one to the other.”
Bitcoin has only been above $45,000 for a few short stretches over the past four months, and hasn’t been above $50,000 since Dec. 25, 2021. Still, Bitcoin has stayed above its 6-month low below $34,000 in late January. Amid the ups and downs, Bitcoin’s current price is a long way off from the latest all-time high it hit in November, when it went over $68,000. But even with the recent decline in price, Bitcoin is still more than twice as valuable as it was just a couple years ago. For Bitcoin , these kinds of ups and downs are nothing new.
Bitcoin Price Predictions
It was easy to predict a $100,000 Bitcoin price late last year, coming off its latest all-time high in November. With Bitcoin’s big fall since then, the prediction game is even trickier.
The most extreme crypto skeptics say Bitcoin will tank to as low as $10,000 in 2022, but a middle ground might be to say the cryptocurrency can still climb to $100,000 like many experts predicted late last year — just on a slower timeline.
“The most knowledgeable educators in the space are predicting $100,000 Bitcoin in Q1 2022 or sooner,” Kate Waltman, a New York-based certified public accountant who specializes in crypto, told us back in November 2021.
But now, bullish experts are re-evaluating the crypto industry altogether as major corporations like Nike and other big brands are looking at ways to monetize their products in the digital metaverse. The rise of metaverse games, worlds, products, and experiences is increasing the popularity of altcoins, which has changed investors’ sentiments about Bitcoin (known as the original crypto).
Many experts are hesitant to predict a number and a date, but rather point to the trend of Bitcoin increasing its value over time. Investors should expect a “pretty sustainable” rise in Bitcoin’s long-term value driven by organic market movement, with the $100,000 threshold in near-sight, predicted Jurrien Timmer, director of global macro at Fidelity Investments, last October.
“What I expect from Bitcoin is volatility short-term and growth long-term,” says Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For Dummies.”
Here are some more predictions we found, ranked from low to high over the next year:
Ian Balina
Point of View: Bitcoin investor and founder of crypto research and media company Token Metrics
Prediction: Bitcoin can go to $100,000-$150,000, but the timeline is unclear
Why: Bitcoin is in a bearish sentiment cycle, but the total crypto market and other crypto asset classes are not. Bitcoin was the first cryptocurrency, but now others have surpassed it in innovation when it comes to what experts call “Web 3” — aka the new internet built on blockchain. The release of new altcoins and hype about the metaverse will continue to drive the demand for crypto, and Bitcoin will therefore bounce back eventually.
Matthew Hyland
Point of View: Technical analysis and blockchain data analyst
Prediction: Bitcoin can reach $100,000 in 2022
Why: The price of Bitcoin in January 2022 is almost equal to its price in January 2021, but there’s a new demand for altcoins. There’s also an ongoing trend of Bitcoin supply leaving major exchanges (presumably to be stored in offline crypto wallets), Hyland said in a tweet. He also recently tweeted that a dip below $40,000 could lead to “free fall” into a Bitcoin bear market.
Robert Breedlove
Point of View: Founder and CEO of the digital assets marketing and consulting firm Parallax Digital
Prediction: $307,000 by October 2021 (now passed), and $12.5 million by 2031
Why: Inflationary pressures after COVID-19 will drive interest in cryptocurrency, pushing the value of Bitcoin up higher than previous projections estimated, Breedlove said in an interview earlier this year. Known as more of a philosopher type among crypto enthusiasts, Breedlove speaks often about the broader social implications of crypto as a form of more transparent, decentralized currency — but his price predictions haven’t exactly been spot-on.
Big financial institutions have made their own predictions, as well, with JPMorgan predicting a long-term high of $146,000 and Bloomberg predicting it could hit $400,000 if the currency climbs at rates comparable to the past.
*All text credits to Megan DeMatteo
Bitcoin - The cryptocurrency market enters "panic selling mode"In our last post on Bitcoin, from just a few hours ago, we hinted at the impending acceleration of selloff due to extremely bearish technical conditions. A few hours later, our prediction became fulfilled, and BTCUSDT moved significantly lower. Meanwhile, some technical indicators started to point to the oversold condition in the short term. A shortlived bounce in price might occur; however, we expect the bearish trend of the higher degree to remain intact. Indeed, we think that BTCUSDT is poised to drift lower and make a new cyclical low below 28 600 USD. We are extremely bearish on Bitcoin, and our short-term price target of 30 000 USD stays in place. Bearish fundamental and technical factors support our view. We expect the prospect of higher rates in the U.S. to put even more pressure on the cryptocurrency market, which will accompany the stock market lower. Indeed, we think the cryptocurrency market is poised for its downfall. Currently, there are over 20 000 cryptocurrencies traded around the world; meanwhile, only a few of them have found a utility besides being a speculative assets. This draws parallels to the 2000s and the dot-com bubble. Therefore, we think that the public should perhaps start to reconsider whether the last five years of cryptocurrency hysteria were not foreshadowing a burst of the most giant bubble in the history of financial markets; especially in times when the market turns into panic selling mode.
Illustration 1.01
The picture above shows the daily chart of BTCUSDT. The yellow arrow indicates the spike in volume, which hints that the cryptocurrency market is slipping into “panic selling mode.”
Technical analysis - daily time frame
RSI is oversold, which raises caution. MACD and Stochastic are bearish. DM+ and DM indicate the same condition-. Meanwhile, ADX signals that the bearish trend is extremely strong and gaining further momentum. Overall, the daily time frame is very bearish.
Illustration 1.02
The picture above shows the correlation between BTCUSD and the tech sector.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. ADX increases, which indicates that the bearish trend is gaining strength. Overall, the weekly time frame is very bearish.
Illustration 1.03
The picture above shows a dwarwing of the market cap of cryptocurrencies.
Illustration 1.04
The picture above shows BTC inflows from other cryptocurrencies, which is bearish for the overall market. Indeed, it suggests that money is getting out of risky coins.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTCUSD - Lacking Bearish MomentumTrade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
Bitcoin - BTCUSD eyes 28 600 USD againOver the weekend, BTCUSD formed a new low near 33 000 USD price tag. We still maintain a bearish view on Bitcoin as we expect it to drift lower. Our short-term price target of 32 500 USD stays in place. Furthermore, we would also like to set a new medium-term price target of 30 000 USD. Bearish technical and fundamental developments support our bearish view. Indeed, they foreshadow much more weakness ahead for Bitcoin. If the general stock market selloff continues (which we expect), then it is likely for Bitcoin to form new lows below 28 600 USD. However, at the moment, we will pay close attention to the price and its ability to take out support levels first.
Illustration 1.01
The picture above shows simple resistance and support levels. We will pay close attention to 32 950 USD and 28 600 USD price levels. At the moment, taking out 32 950 USD would confirm a further continuation of the downtrend.
Technical analysis - daily time frame
RSI is due to perform bearish crossover, which we expect to be accompanied by heavy selling pressure. MACD and Stochastic are bearish. DM+ and DM- show bearish conditions in the market. ADX indicates that the bearish trend is gaining further strength. Overall, the daily time frame is very bearish for BTCUSD.
Illustration 1.02
The picture above shows a recent bearish breakout; previously, we stated that the downtrend would accelerate once a breakout occurred. The prediction became fulfilled, and the selloff started to accelerate after the breakout.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- are also bearish. ADX started to increase recently, suggesting that the higher degree's bearish trend has returned. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Bitcoin - BTCUSD about to hit 35k USD and continue lower In tandem with our expectations, Bitcoin dropped lower. As a result, we continue to maintain a bearish stance. Our short-term price target remains at 35 000 USD; our medium-term price target is 32 500 USD (due to become a short-term price target once 35 000 USD is taken out).
Illustration 1.01
The bearish breakout illustrated above confirms our thesis.
Technical analysis - daily time frame
RSI, Stochastic, and MACD are bearish. DM+ and DM- also show bearish conditions in the market. ADX continues to increase. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+ and DM- are bearish. ADX indicates that the bearish trend is relatively weak (but gaining some momentum). Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Bitcoin - Deleveraging to accelarate soonOur short-term price target of 37 500 USD was reached just recently. Therefore, we would like to update our thoughts and change our medium-term price target of 35 000 USD to a short-term price target. Subsequently, we would set a new medium-term price target of 32 500 USD. We continue to maintain a bearish stance on the overall cryptocurrency market as we expect deleveraging to continue. Our view is supported by a combination of bearish technical and fundamental factors. We will pay close attention to the FED meeting and the upcoming rate hike during the current week. We expect hiking rates to have a negative impact on the price of Bitcoin.
Illustration 1.01
Illustration 1.01 portrays BTCUSD on the daily chart. We expect an eventual breakout below the short-term support.
Technical analysis - daily time frame
RSI has been choppy lately; due to that, it can be regarded as neutral. MACD remains bearish and Stochastic. DM+ and DM- show bearish conditions in the market. ADX continues to increase, which suggests the bearish trend is gaining momentum. Overall, the daily time frame is bearish.
Illustration 1.02
The chart above shows BTCUSD on the weekly graph. It also portrays volume bars at the bottom of the chart. It can be observed that selling pressure has been increasing over the past three weeks. In our opinion, this foreshadows a further move down for Bitcoin.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish; the same applies to DM+ and DM-. ADX contains a relatively low value, which suggests the presence of a neutral trend (of a higher degree). Overall, the weekly time frame is bearish.
Illustration 1.03
The picture above shows the monthly chart of BTCUSD. It also shows the big difference in the size of the volume being traded in the past versus currently.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Experts Say Bitcoin Could Hit $100,000 In 2022. Here’s What InveIt’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if.
Bitcoin’s price plunged down to $37,000 Thursday after a brief rally the day prior, primarily driven by the Federal Reserve’s announcement that it is raising its benchmark interest rate by half a percentage point. The Fed signaled that it will continue raising rates aggressively in the coming months and begin reducing asset holdings on its $9 trillion balance sheet in June.
Investors continue to wrestle with concerns over rising inflation, geopolitical tensions, and the possibility of tighter monetary policy by the U.S. Federal Reserve. The crypto market has increasingly tracked the stock market in recent months, which makes it even more intertwined with global economic factors.
With no end in sight, the war, inflation, and shifting monetary policy in the U.S. will likely continue to drive more volatility in the coming weeks and months, experts say.
“The overall market has noticed the high correlation to Bitcoin and the general equities markets,” says Armando Aguilar, head of alternative strategies and research for Ledn, a digital asset savings and credit platform. “The S&P 500 and NASDAQ have had the largest correlations to Bitcoin with 0.88% and 0.91%, respectively. A correlation of one means that they move equally one to the other.”
Bitcoin has only been above $45,000 for a few short stretches over the past four months, and hasn’t been above $50,000 since Dec. 25, 2021. Still, Bitcoin has stayed above its 6-month low below $34,000 in late January. Amid the ups and downs, Bitcoin’s current price is a long way off from the latest all-time high it hit in November, when it went over $68,000. But even with the recent decline in price, Bitcoin is still more than twice as valuable as it was just a couple years ago. For Bitcoin, these kinds of ups and downs are nothing new.
Bitcoin Price Predictions
It was easy to predict a $100,000 Bitcoin price late last year, coming off its latest all-time high in November. With Bitcoin’s big fall since then, the prediction game is even trickier.
The most extreme crypto skeptics say Bitcoin will tank to as low as $10,000 in 2022, but a middle ground might be to say the cryptocurrency can still climb to $100,000 like many experts predicted late last year — just on a slower timeline.
“The most knowledgeable educators in the space are predicting $100,000 Bitcoin in Q1 2022 or sooner,” Kate Waltman, a New York-based certified public accountant who specializes in crypto, told us back in November 2021.
But now, bullish experts are re-evaluating the crypto industry altogether as major corporations like Nike and other big brands are looking at ways to monetize their products in the digital metaverse. The rise of metaverse games, worlds, products, and experiences is increasing the popularity of altcoins, which has changed investors’ sentiments about Bitcoin (known as the original crypto).
Many experts are hesitant to predict a number and a date, but rather point to the trend of Bitcoin increasing its value over time. Investors should expect a “pretty sustainable” rise in Bitcoin’s long-term value driven by organic market movement, with the $100,000 threshold in near-sight, predicted Jurrien Timmer, director of global macro at Fidelity Investments, last October.
“What I expect from Bitcoin is volatility short-term and growth long-term,” says Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For Dummies.”
Here are some more predictions we found, ranked from low to high over the next year:
Ian Balina
Point of View: Bitcoin investor and founder of crypto research and media company Token Metrics
Prediction: Bitcoin can go to $100,000-$150,000, but the timeline is unclear
Why: Bitcoin is in a bearish sentiment cycle, but the total crypto market and other crypto asset classes are not. Bitcoin was the first cryptocurrency, but now others have surpassed it in innovation when it comes to what experts call “Web 3” — aka the new internet built on blockchain. The release of new altcoins and hype about the metaverse will continue to drive the demand for crypto, and Bitcoin will therefore bounce back eventually.
Matthew Hyland
Point of View: Technical analysis and blockchain data analyst
Prediction: Bitcoin can reach $100,000 in 2022
Why: The price of Bitcoin in January 2022 is almost equal to its price in January 2021, but there’s a new demand for altcoins. There’s also an ongoing trend of Bitcoin supply leaving major exchanges (presumably to be stored in offline crypto wallets), Hyland said in a tweet. He also recently tweeted that a dip below $40,000 could lead to “free fall” into a Bitcoin bear market.
Robert Breedlove
Point of View: Founder and CEO of the digital assets marketing and consulting firm Parallax Digital
Prediction: $307,000 by October 2021 (now passed), and $12.5 million by 2031
Why: Inflationary pressures after COVID-19 will drive interest in cryptocurrency, pushing the value of Bitcoin up higher than previous projections estimated, Breedlove said in an interview earlier this year. Known as more of a philosopher type among crypto enthusiasts, Breedlove speaks often about the broader social implications of crypto as a form of more transparent, decentralized currency — but his price predictions haven’t exactly been spot-on.
Big financial institutions have made their own predictions, as well, with JPMorgan predicting a long-term high of $146,000 and Bloomberg predicting it could hit $400,000 if the currency climbs at rates comparable to the past.
*All text credits to Megan DeMatteo
Is The US Dollar About To CRASH Bitcoin ????
MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
IF USD breaks out of this pattern it can put pressure on Bitcoin. So this is a very important pattern to watch
There is a bullish argument to this that I will need to make in another video
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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Bitcoin - BTC's volatility continuesBitcoin continues to exhibit choppy price action around the 40 000 USD price tag. However, that does not change our stance on it. We remain bearish with the short-term price target of 37 500 USD and medium-term price target of 35 000 USD.
Technical analysis - daily time frame
RSI is neutral. MACD and Stochastic are bearish; however, MACD is trying to reverse to the upside. DM+ and DM- are bearish. ADX continues to increase, which signals that the bearish trend is gaining strength. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX contains relatively low value, which suggests the presence of a neutral trend. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITCOIN-Hedge Funds Watching This LevelMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
"IF" Bitcoin is bearish beyone the next 6 month candle and wants to actually break down then this is the BIG level to watch . We in CryptoCheck intend to be prepared to catch it
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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Bitcoin VS Silver Shows BTC Can EXPLODEMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$
DO NOT BE LEFT BEHIND
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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Bitcoin - BTC is setting itself for trading within the rangeRecently, all our price targets for BTCUSD have been reached. Because of that, we decided to update our thoughts on Bitcoin. We continue to maintain the bearish notion on BTCUSD. However, in the very short term, we think it is likely for BTC to stabilize around the current level before continuing lower. We believe the price might be setting itself for a short period of sideways movement between 40 000 USD and 48 000 USD.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX started to grow again, which suggests the bearish trend has resumed. Overall, the daily time frame is bearish.
Illustration 1.01
The picture above shows simple support and resistance levels.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- are bearish too. However, ADX contains a relatively low value which indicates that no trend is present. Overall, the weekly time frame is bearish. However, it also indicates that the price is bound to move within range.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Bitcoin: Comparing 2019-2020 correction with 2021-2022 - updateIn february i wrote an idea called "Comparing 2019 mid cycle correction with 2020-2021 on 3D chart"
As an update i marked with green vertical line place where i think Bitcoin price is.
As we can see on the chart this structure still in play. This takes time and we should be patient.
Bitcoin Getting Ready To Explode Higher - Leveraged Long Trade MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$
DO NOT BE LEFT BEHIND
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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Bitcoin Buy setup :BTC is stabilizing above support area.. we should soon see a move to the upwards. This zone looks good to open a Low risk trade with a long position.
Take profits : 48000 , 50800 , 57000
Stoploss : 42159
Risk reward Ratio : 2.78
Leverage : Spot or Maximum 2x
BTC where do you go⁉️Last trade hit it's target...
...so now you can be wondering where is our mighty Bitcoin headed to?
After breaking out of the yellow triangle I think 51.5K is the next destination. The only hurdle is the white downtrendline. Once broken we could see next leg up. Notice how the price is being compressed while approaching apex of white trendlines. Something is cooking...🍲
Looking at the bigger picture...
...the move to 51.5K makes sense to me.
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
This ALT Can 5x - Do NOT MISS IT MartyBoots here. I have been trading for 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to put in a bottom soon and we in CryptoCheck intend to be prepared for it
DO NOT BE LEFT BEHIND
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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