BTCUSDT annoying fun facts. The market liquidated more money from the consolidation period than it did to sellers from the pump. Lol but no one is going to admit this hehehe
BTCUSDT I’m buying until 106k lol let’s see how this goes. Will it keep going up just to liquidate sellers. Until a major news impact which will drive it all the way down again. Could this all happen in a week??? This would drive some Alt coins a lil crazy up, just all before the DIVE. Well let’s see…keep observing
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BTCUSDT This is what institutions entering shorts looks like when price comes to that 99,400 level. However, they have no problem continuing to set orders higher and higher for a better entry price so long as people will keep buying it up. Just keep in mind that they have already begun to enter billions into the market here as sell positions.
Edit: Once their order/orders are filled here we will likely continue higher. That is what support/resistance actually is(Institution limit orders). Retail doesn't have the capital to absorb mass selling or buying like that. Institutions with borderline unlimited capital do.
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BTCUSDT No surprise as everyone is already saying it. We are currently sitting at a price where it is going to break one way or the other soon(Maybe not until tomorrow when markets open back up). The 30 min EMA's look great, but the 1 hour just doesn't match. I have seen this 1 hour look roll back down just as often as continuing to the upside. I made one final addition to my long at 97800 this morning bringing entry from 95,395 to 95,847. Stop at 96k. Can't say that I'd be confident to enter a long at this price though.
I'm prepared to have to start builiding a short position soon, but hopefully we see a continued move to the upside. 4 hour candles continuously failing to close above the 100 EMA is my biggest reason for skepticism on the move up. Also the price action when hitting 99,400 looks like huge short/sell orders being filled.