Candles Traders

I think there will be many pump&dump movements because many are betting that BTC will go down and now it is looking to consolidate at 70K, but when they start to relax and think it might go up, liquidations begin. And while the market goes up and down, the difference with pump&dump is that the movements are very abrupt, leaving out positions with a history in the range.

Well, these are the numbers:
BTC 50% Prices of 2021
ETH 60% Prices of 2021
BNB 53% Prices of 2021
Total market capitalization 2.15T value of 2021

Beyond the macroeconomic uncertainty, which is no small matter, there come the midterm elections for Trump, which increases the uncertainty, as it will be decided how much more the US debt will expand and whether interest rates will drop. Furthermore, if the results are positive for Donald, he will be able to move faster regarding what needs Senate approval.

I have a theory that everyone is pulling out capital now (beyond the fact that it is cyclical) to take advantage if conditions are favorable to invest large capital at oversold prices.

On the other hand, another conclusion is that if the barrier of 60k, which is a very strong psychological barrier, is broken, the price will likely drop to around 50k~45k before the first quarter closes. It is more attractive for everyone to buy at those levels, which means dropping 20%~25%, than waiting for it to reach 90k~100k, which seems like more distant territories (and means an almost 80% increase).

In short, no one wants to lose, institutional money is no longer flowing, and leveraged longs are scarce and under pressure. So, we are left as the musicians of the Titanic.

If there is no breathing room towards 80K before or after touching 70K, panic and greed can take over the situation and send the price to 55K in a single move. At these moments, 55K is more attractive than 90K or 100K. The lack of institutional liquidity and leveraged positions is deflating the price at record rates; the current price is March 2024, the main institutional buyer does not have significant purchasing power for a relevant correction to occur. I believe that if this continues and there is no liquidity, the price could go below 50K or 40K, very interesting zones with strong buying power for the price to find a floor. #btc50k

Manipulation in the grandest style, lack of liquidity appears this dump of 12% in a minute, from what I see the platforms are going to be giving a lot to talk about, just when there is this lack of liquidity, there are these movements that desperately seek to do this with the money.

You are very optimistic, there is no liquidity, at the macro level there is a lot of uncertainty, and uncertainty with risky assets do not dance together. It is more attractive for many to go to 70K

Welcome to #Criptoinvierno The market capitalization is reaching 50% and the reality is that nothing seems to stop it; liquidity is no longer above 90, nor above 80K and that is where the price is going to end up.

The fall of BTC to nearly 33% against an aggressive rally in Gold begins to strip it of its safe-haven status; it seems that $BTC will return to its speculative category, descending from a position it solidified during the pandemic. In that battle, both Gold and BTC were safe havens. Now, under the current scenario, five years later, Gold shows its supremacy and BTC returns to being the speculative shadow it once was. According to the current U.S. government, it would be the BUM for cryptos and has resulted in further imbalance in the economy.

If the price hits 75, we would be talking about more than a 40% drop, which could fuel the greed to buy at lower prices, thus potentially leading to a deeper fall. If a fundamental news item appears, this will drop faster than a malfunctioning airplane.

Clearly there is a lot of uncertainty and low expectations in the crypto market and $BTC it is noted that the TP is getting shorter and the price seeks more trading platform at low points than at high points, to seek liquidity at low prices and the truth is that there are no significant entries or important wicks below the candles. This went down until the end of March beginning of June and if there is news that sinks it further then worse, we will see ourselves at 75K.

Well, it seems this drop got out of our hands. If I had published that the price would fall, no one would have believed me, because we all have a hunger for profit and the big capital knows that, and that's where they took advantage and made a vertical growth and then a lateralization to create expectations. This lateralization was more solid than the pump. They took advantage of all the entries, especially the leveraged ones, to consume all that Capital. The truth is that even though my analysis leaned more towards a drop, I didn't anticipate the bleeding back to 88,000 like #Soporte my entry was between 91 or 92 thousand, but it devoured it like a bear to a trout.

Now we are in a dilemma to take advantage and enter strongly and hold on or to collaborate in the drop. What do you all think?

The Federal Reserve and the Global Effect of the New Rate Cut

$BTC $BNB

The recent cut of 25 basis points by the Federal Reserve (leaving rates between 4.75% and 4.00%) marks a turning point for the global economy. This measure aims to stimulate employment and sustain growth amid fiscal uncertainty and the partial shutdown of the U.S. government.

Benefits for the general market:
The rate reduction makes credit cheaper, improves business investment, and reactivates consumption, boosting sectors such as housing, durable goods, and equities. Emerging markets also benefit from a weaker dollar, alleviating pressure on external debt.

Risks and adverse effects:
On the other hand, additional liquidity may reignite inflation and pressure savings margins. Moreover, if the stimulus does not translate into real productivity, a bubble in financial assets could be generated.

Global consequences:
The impact will extend to interconnected economies, temporarily strengthening stock market confidence but weakening regional currencies. Europe and Latin America may see more stable capital flows, although vulnerable to sharp changes in Fed expectations.

Implications for the crypto market:
The historically low-interest environment drives demand for alternative assets like Bitcoin and Ethereum by reducing the appeal of bonds and strengthening the narrative of decentralized refuge. However, high crypto volatility may be amplified by monetary expansion.

Short-term outlook:
With monetary supply still open, the economy could experience a temporary rebound in consumption, but also greater inflationary pressure in the coming months if issuance and public spending are not moderated.

I had mentioned in previous posts that #MercadoCripto had eroded, and if #Trump did nothing to favor and promote cryptocurrencies, everything would go to historical lows from November. And it happened that Trump did mention them, but so far it is just that, nothing more than a decision on paper. Although it is expected that in the next 6 months the situation with #ReservaCripto will materialize, many things can happen in those 6 months. Meanwhile, everything seems to indicate that everything is on hold and that perhaps the correction will remain until 70,000, which favors large capitals, as they would enter very favorable positions.

On the other hand, the most affected by all these corrections and exits are the #Altcoins! , which have deeper historical lows than those of #BTC . This leads me to think that the fall and cleaning of cryptocurrencies could be deeper, as the American President only mentioned a few cryptocurrencies like $ETH , $XRP , $SOL , Ada, and of course, BTC.

Where everything is heading is difficult to know; what we must do is have a clear picture and our strategy to emerge in the best position.

If any concrete action by Trump continues to be postponed, the correction will likely remain, perhaps until 75,000 or 70,000. But if he takes any concrete action aimed at a crypto reserve, we will clearly see a bull run. The million-dollar question is what will happen first????

It is important that you analyze your positions and do not take my comment as a recommendation or as advice, but as what it is: a comment.

A few days ago, I told you that it had eroded the #CriptoMercado and that it was very likely to trend downward since what drove and sustained it was the hope of a series of favorable policies from #Trump towards #MundoCripto , but that hasn't happened and what do you think if the whales know that the stock wants to leave, they will obviously look to feed before they go. All this makes this #Correction important because it will mark the course of the next three months, either it goes back up to 90K or we find ourselves in the 65 and 70 thousand because they will be attractive areas for strong entries.

It is important that you analyze your positions and do not take my comment as a recommendation or advice, but rather as what it is, a comment.

#BTC $BNB $ETH

#CriptoMercado is at a point of erosion where either a major #Correction or a #Bullrun can occur. The main trigger can be a fundamental, but only if the conditions for an intense movement are met.

It is important that you analyze your positions and do not take my comment as a recommendation or as advice, but rather as a comment. $BTC $ETH $BNB