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BITCOIN to the moon? NOT YET!It's been a few happy bull days( or weeks) for Bitcoin-Maxies. Bitcoin touched 26K for the first time since the last crash in mid-2022. This great milestone refilled gas for tons of headlines flooded into my newsfeeds. " Bitcoin reached its new high in 2023". " It's time to the moon, baby". " Last chance to fill your bag before it's too late" etc Great to hear, but ... ... HOW LONG WILL IT LAST? ( According to my personal TA), the party is already over. It's complicated why I claim so, but look at the biggest signal on 1D BTC Chart. There is a HUGE shadow pin to a strong resistant( yellow line). The volume continuously spike, reached its peak, and bounce back when Bitcoin touch the 26K history milestone. Familiar? If you're new to the market, it's the signature of Smart Money's Search for Liquidity Pool. Bitcoin has the biggest liquidity pool of the year at 25K, and lots of stop-loss was triggered when the condition reached. Plus, a new " all-time-2023-high" put hype on the retail investors,fueled Institutions's Short position. Find what stop loss hunting at: www.investopedia.com Now you know you have a choice. Which side will you be on? 🤔🤔🤔 Other than TA, there is no incentive for Bitcoin to have a Rally right this March. Terrible macro, CPI keeps decreasing, too early since the bottom( which means there will be a lot of resistance when moving above), and not enough interest in Crypto since there're a lot of regulation nuisances ahead. The whole Economy's Health just isn't on Bitcoin'side( or anything's side). 😞😞😞 But ON THE OTHER SIDE, there's a " black swan" we should care about. It's the collapse of some banks and the loss of trust from people in the traditional banking system. People might seek for another safer place to keep their money... ... and who knows if it isn't the mighty Digital Gold? ( Anyway, it's just a tiny chance, less than 5% in my opinion) Conclusion: NOT MOON TIME YET! On guard and Be wary, my mates!
Short
by vietthien2
3
DOGEUSDT.PIf you are considering entering a short position on DOGEUSDT, it is important to carefully consider your risk tolerance and investment objectives. Shorting a cryptocurrency involves betting that the price of the asset will go down. While this can potentially result in significant profits, it also carries a high level of risk. If the price of DOGEUSDT were to rise instead of fall, your short position could result in substantial losses. Overall, whether to enter a short position on DOGEUSDT or any other cryptocurrency is a decision that should be based on careful analysis and an understanding of the risks involved. It is always advisable to consult with a financial professional and do your own research before making any investment decisions.
Short
by anassatmane
1
GBP/JPY Short setup. I'm a bit late on this one since I haven't been working on any JPY pairs. But I'll start. My first level was reached and there has been a push down from it so far. Not sure how deep it will push for or for how long. I marked the first level retrospectively but as you can see from my past postings, I always draw the zones out like that. I will be paying attention to the next level. If price gets there soon, I will be sell the market from there. I think price will drop and fluctuate before getting there but if it gets there sooner, that's better. It might not get there at all and that's fine. There will still be opportunities later or elsewhere. FX:GBPJPY
Short
by PEAKFINDER