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while BTC is in sideway mode, my target for them is at May2022 level.
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BTC 👉sideway
Major cap coins 👉Sideway bearish
Small special coins (below 100M$ cap) 👉 Pump hard then dump hard ( Towers construction )
React accordingly
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There should be one or two super pump stars in this weekend.
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a list with similar price movement
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Buy some #DODOX here
SL 10%
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#BNT
that nasty wick stopped out us.
Both setups 1 & 2 should be closed.
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#BNT Buy High Sell Higher
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Need a help from BTC
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#OXT will be listed into futures tomorrow.
There is no chart in futures now but Spot chart has shown that:
0.15 zone (May2022 level) should work as a resistance.
React accordingly
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every alts should retrace 50% in Q3 or Q4, which is targeting to Jan2023 level.
The point is It is never easy for early shorters because there is normally exit liquidity before a main move.
Also reminder: Jan2023 level is future buy zone. It should work as the way shorting at May2022 level.
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weekend is coming !!
If BTC continue at lately Friday there will be more special setups for shitcoins
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It is just a pullback.
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Upside movement is not stable in these days. They went up a bit then ended with quick reversal.
For example: HFT & BNT setups
While shorts are going well
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Do u have plan what to do if btc keeps ranging 29-30k in next 30 days?
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Bitcoin spot to derivative trading volume ratio at all time lows
My take:
This market is just deriv traders chopping each other to oblivion; spot bears have mostly run out of coins & spot bulls are either fully deployed or are sidelined TradFi waiting for ETF approval. $BTC
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#BNT Buy Setup
This trade is valid till lately Sunday.
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Bearish market is boring.
Need one or two green coins to make entire market more interesting at weekend.
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It is Q3
Every pumps finished with a same pattern
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an example about a exitliquidity pump before a real breakdown.
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In recent days we have seen many coins with the same pattern like this.
If MM of some coins are strong, we can chase a part of late pump with 10-15%. Otherwise, buyer are failed to push it higher.
Quick pump and quick pump inside daily bar. It is called Exit liquidity.
It is bearish sign for entire market.
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