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Me @kimlit My website https://kimoncrypto.com Twitter https://twitter.com/Crypto_Kimmy Trade on Bybit: https://partner.bybit.com/b/kimoncrypto
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#BTC daily chart also looks quite unpleasant.
The price has touched the ascending resistance and is rejecting now!
In fact Reddit acquired not just #BTC and #ETH, but also #MATIC!
Yeah I should've keep that scalp long open 🙈
🧐 On the 14th of February Genesis was cleared to start selling 35 mil GBTC shares (~$1.6 billion)
Before the 14th the outflows of GBTC were significantly lower and it picked up again since. A total of $792 mil has left GBTC the last week compared to $402 mil the week before. If we assume the $400 million extra in the last week is Genesis then they should be done in 3 more weeks ✍️
Thus, we'll get rid of the last real sell pressure scam by mid March and the supply will be cut by half by mid April because of halving. This is why you don't need to short #BTC, instead you should accumulate and buy every possible dip!
I am closing this particular #BTC position for huge 29% profit! Profit is huge for me because I used almost half of my spot money 😌
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I really want to scalp long #MATIC! I like the price developing and my target is quite close.
A risky take, just don't wanna be sidelined 😎
#BTC hit first target! If the mid-range is reclaimed, we'll pump to range high fast!
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👩💻 #REVIEW BITCOIN
#BTC is back to flat mode. The price is bouncing inside a narrow range of $50600 - $52800.
The rules are simple: any fakeout of support is an opportunity for a long position, any fakeout of resistance is a chance to open a short!
Main questions is whether we'll see a December-type altseason or alts will suffer. Not clear so far, I really hope for a good season, but no signs of it so far 😒
#ALT hit first target! 55% profit with 5x lev booked!
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#ETH remains the most fussy coin in the entire crypto market, missed the first target by inches 🙈
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#ORDI setup is actual! The price has consolidated above the support for a week, might pump any time now!
Also added some local targets.
#APT has broken and retested a huge bullish triangle! Looks like it wants to pump 😉
Blue zone is for buying, my targets are on the chart!
As I already mentioned, weekend PA is messy. Now we are back above all the supports!
#BTC is knocking on the door, trying to break this last local resistance! The overall analysis and target of the move are actual.
👩💻 #REVIEW BITCOIN
Well, bears had enough chances to crush the flat support level! As you can see, they never succeeded 🌚
In fact, #BTC had already broken the last local high, so my dump plan is at least postponed 🙈
Now #BTC is neutral, as the price bounced off support and stayed in flat range.
A possible weekly divergence is forming on #BTC chart! If RSI goes back to neutral zone, correction is expected.
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👀 REDDIT ADDS BTC AND ETH TO BALANCE SHEET
Source: https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm
👩💻 #REVIEW BITCOIN
#BTC has been in distribution zone for some time, but the market was fine. This whole week is a disaster: funding is red, alts are dumping, Bitcoin looks weak.
In fact we could've dumped yesterday, but NVDA outstanding revenue pumped traditional markets and once again hyped AI narrative together with all hi-tech stuff. Boomers think that crypto is smth about hi-tech, so #BTC pumped overnight 🤭
Now it's clear that the price didn't manage to reclaim the mid and is back in lower zone of the flat. This is bearish! Together with other warning signs, I believe it's time to abandon leverage longs!
Now it's time to buy the coming dips! Of course you shouldn't sell all your crypto, just be ready with some spare cash to buy more! This may be the last major dip before the new ATH 😇
One of the few green alts is #ALT hahaha
Great 96% profit with 5x lev done!
Funding is back to red 😒 It looks like every dip is bought by leverage traders, not by spot players.
This is not a confirmation of the dump yet, but looks concerning!
#ETH hit my first target, that's 113% profit with 10x lev! I think second target will also be reached shortly ✍️
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Once again: fakeout of support is an opportunity to open a long position! Scalpers are already in good profit🫡
The targets are mid-range at $51700 and range highs!
The funding rates matrix has been red for several days. Now it's almost back to neutral after most of alts puked 5-10% down.
The market was overleveraged, hopefully this dump was enough to restart!
#BTC made a fakeout and dumped hard locally. Bad news for scalpers, but overall nothing changed, I am still bullish!
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#ALT looks for continuation of the pump! The price has reclaimed the previous high, time for a price discovery 📈
Blue zone is for buying, my targets are on the chart!
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#IRL just hit another target, 38% profit booked!
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The thing is, #BTC just goes for it. Higher and higher every week🫡
Crucial detail: the halving narrative hasn't really started to unwind!