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Turtle soup at 30750 resistance. Whales step in, a failure of 30750 could see bitcoin drop up to 27000-26500 area quickly

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High probability of a 1000$ drop or even more, with a clear triple top formation. We are topping here... after Dow Jones and S&P500 it's time for a weak tech sector. I see an acceleration of the bear trend in the next few hours.

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Resistances in 30250-30750 area where prices where rejected 3 times Support key trendlines in green

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Bitcoin rally of over 4000$ top 4 times at the resistance of 30250 area.

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S&P500 broke for the second time the 200 EMA This time it seem serious with a VIX index above 20 and moving higher, and the S&P500 index on the right top of a huge double top. High yield bonds, war risks and recession risk add fuel to this move. Target for the double top is the area 2630-2525 in the long term. Bullish scenario only above 4600. Worth to be 100%...

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I believe that only whales will enjoy this fake rally driven just by the "ETF spot news". That is just a news, the effects of the ETF you will enjoy in the coming years, because Bitcoin and alt coins always suffered wallstreet and stock weakness. S&P500 broke the 200 EMA on daily charts, and a huge double bottom on monthly and weekly charts so well visible,...

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S&P 500 closed below the 200 EMA today. Stocks markets turn bearish with S&P500 friday closing below the EMA 200 and at a step to a new 2023 low, bonds crashing, TESLA -20% in a couple of days, but the Bitcoin community still strong buy with the unique reason "The Spot ETF". Yes, it will be good. But now it's just a news, and till will be active and ready you...

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A clear resistance at 28600-28800 area is clear visible now. Fake news on Spot ETF created an illiquid bullish movement that usually as happened in the past could follow "bearish" spikes to liquidate unwanted long positions. This would mean a price again below 27000-26500 area in few hours I would monitor so for a bullish signal only a price above 28800 area....

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After several hours we can start to see a consolidation. The bearish trendline has no much sense right now, but we will wait next hours. Support trendline will be a better tool to identify market weakness.

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I love Bitcoin and I understand you would like it always going up. But. Do you think that is normal to push up prices with fake news, and even if true news to act impulsively like that? At the end we got just liquidations. One time of shorts, one time of bulls, such volatility sometime is not coming for good or a new trend, in a market like this they are just...

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Today we made a pullback to the previous support trendline. How they can do that at Binance? We are speaking of the most liquid future and bitcoin book in the world and with precision they hitted exactly that trendline. Here market can react negatively if realise the bulls failed the attack. New channel and trendline are in place, we will monitor in the next...

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Bitcoin lost a key trendline and it is directed on next supports in area 26200 Average are rotating but still positive, I do not expect huge spikes, but better to be careful. We can turn positive on comments only below 28000 area. At the moment this distribution has as main target a low below recent 24.581 that could take a couple of days as a couple of...

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Flash crash of 18 August 2023 was one of the fastest seen in recents flash crashes with a low touched in just 4 minutes (4 - 1 minute candles). Impressive than the low of such well organized (if not manipulated) flash crash was just the psychological level of 1 trillion market cap. Even liquid exchanges and Perp contracts saw many arbitrage opportunities with over...

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I see a possible bottom here for LOOKS, I have a target at 1.23 area.

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Ripple as seen a triple bottom ascending, yesterday and today good entry points with a 10% stop loss and a target at 0.27-0.28 area for a fast rebound. Trendline actually is at 0.21 so around a 7.5% stop loss. With Bitcoin at all time high at 29.300, is the unique cheap asset where to risk some $.

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After my previous post the bull run of Silver arrived to almost 80% overperfomance versus the GOLD. A take profit of 25/33/50 of the original bet is a must. The area 180 (80%) seem a big ostacle for the short term but everything is still possible if you don’t believe in a crash of stock market and financial crisis. I’m against the bubble and if I was in this bet I...

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The ratio betwen Silver and Gold was at lowest level in march 2020 as never seen in the past 15/20 years. I created a base index around 100 near the low so easy to see that actually the rally is around 28/29%. In 2008/2009 low the ratio Silver/Gold was able to generate an over 200% profit. But with recession and huge economic crisis the silver could not perform...