#thebitcoindiner🍻
$BTC
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JUST IN: Fidelity has submitted an updated version of its S-1 application for a spot Bitcoin ETF.
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We told you first,
the bitcoin diner 🍔
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Trade ID: #R290
Pair: $JASMY (Binance, ByBit)
Direction: LONG
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🍩Target 1 - 0.00316
🍩Target 2 - 0.00320
Profit: 29.3% (5x lev.)🍖🍖
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Your daily meal 😋
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Trade ID: #R275
Pair: $INJ (Binance, ByBit)
Direction: LONG
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🍩Target 1 - 7.60
🍩Target 2 - 7.67
🍩Target 3 - 7.85
🍩Target 4 - 7.95
Profit: 98.4% (10x lev.)🍖🍖
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
Bitcoin Spot ETF Fake Approval
Quick thoughts:
1. Someone hacked CoinTelegraph and posted the fake news, knowing it would send price flying and then dumping. Easy to make millions on both sides of this trade. Manipulation. Not great in the eyes of regulators.
2. CoinTelegraph made a mistake or was hacked, it was then picked up by Benzinga, then Reuters via Benzinga then hit Bloomberg terminals. Disaster in the way that news is vetted. THE NEWS WAS ON A BLOOMBERG TERMINAL!
3. CoinTelegraph simply made a mistake and screwed everyone.
4. The ETF will actually be approved and someone leaked the news and was able to make a ton of money by trading the volatility and front running. This seems unlikely, considering the way the SEC has handled the spot ETFs so deliberately.
There are more scenarios, none are great... unless we are about to see a real approval.
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We told you first,
the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R292
Pair: $XRP/USDT (Binance, ByBit)
Direction: LONG
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Position Size: 2 - 4%
Leverage : 5-10X
Trade Type: Standard
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ENTRY : 0.462 - 0.493
(OTE: ) 0.4766
🍕Target 1 - 0.497
🍕Target 2 - 0.502
🍕Target 3 - 0.507
🍕Target 4 - 0.514
🍕Target 5 - 0.523
🍕Target 6 - 0.54
🍕Target 7 - 0.57
🍕Target 8 - 0.61
🍕Target 9 - 0.66
🍕Target 10 - 0.74
🥓STOP LOSS: 0.447
RISK: Medium/High
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
$BTC VIP Analysis
October 16, 2023
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BIAS:
Mid-Term: Neutral
Short-Term: Bullish
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As expected the price action successfully filled out the FVG gap level as we expected
Currently, the price action has grabbed out the its Buy Side liquidity level, Made out Equal Highs level.
Currently, the price action is consolidating and respecting at its Horizontal Resistance level marked between the $27331 to $27205 level. If the price action breaks out this level we can see further upward movement in the price action of $BTC
Up Probability: 30% - Down: 70%
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MAIN INTEREST LEVELS
🌮SHORT🌮
$27486
🍳LONG🍳
$27331
PREDICTED DAILY RANGE
$28108 - $26517
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MARKET UPDATE VIP
While BTC 60-day correlation with risk assets has been moving upwards, it is way below its 2022 average of over 50%.
In fact, BTC showed remarkable resilience to surging borrowing costs and growing macro uncertainty in September, outperforming the S&P 500 and the Nasdaq 100.
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the bitcoin diner 🍔
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MARKET UPDATE VIP
Transactions on the Lightning Network have increased by more than 1212% in 2 years
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the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R290
Pair: $JASMY (Binance, ByBit)
Direction: LONG
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Position Size: 2 - 4%
Leverage : 3 -5X
Trade Type: Standard
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ENTRY : 0.00293 - 0.00299 - 0.00315
🍕Target 1 - 0.00316
🍕Target 2 - 0.00320
🍕Target 3 - 0.00325
🍕Target 4 - 0.00331
🍕Target 5 - 0.00337
🍕Target 6 - 0.00345
🍕Target 7 - 0.00365
🍕Target 8 - 0.00390
🍕Target 9 - 0.00420
🥓STOP LOSS: 0.00284
RISK: Medium/High
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
VIP ACTION PLAN
Short positions remain in place and very likely reaching lower targets in the next couple of days as chop and bearish volume increase. Depending on price action development we’ll also update on new positions and setups.
As always, stay safe brothers!
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
MARKET UPDATE VIP
Bitcoin long-term balances as a percent of total supply reached their highest since 2010
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the bitcoin diner 🍔
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Trade ID: #R283
Pair: $ETH/USDT (Binance, ByBit)
Direction: 🌮SHORT
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🍩Target 1 - 1600
🍩Target 2 - 1585
🍩Target 3 - 1565
🍩Target 4 - 1540
(78.3% Profit - 10x lev.)🍖🍖
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
$BTC VIP Analysis
October 13, 2023
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BIAS:
Mid-Term: Bearish
Short-Term: Bearish
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Still trading around $26,500, the bears remain in control on the mid term for BTC an higher market cap alts. Current price action is looking like we could see a lower correction before our next bounce, for which our positions are ready.
If BTC on the other hand manages to see a solid daily break and close above $27,500 - $28,000, we’ll see the bulls once again gaining momentum and strength, with which we’d once again see alts exploding and reaching new mid term highs.
Up Probability: 43% - Down: 57%
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MAIN INTEREST LEVELS
🌮SHORT🌮
$28,240
🍳LONG🍳
$26,228
PREDICTED DAILY RANGE
$25,431 - $27,993
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#thebitcoindiner🍻
Trade ID: #R285
Pair: $BTC/USDT (Binance, ByBit)
Direction: SHORT
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🍩Target 1 - 27,400
🍩Target 2 - 27,250
🍩Target 3 - 27,050
🍩Target 4 - 26,700
(76.3% Profit - 20x lev.)🍖🍖
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
$BTC VIP Analysis
October 12, 2023
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BIAS:
Mid-Term: Bearish
Short-Term: Bearish
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BTC has turned bearish on lower and mid term time frames over the last couple of days, sending us from $28,500 (our current local swing highs) towards $26,500 (level around which we can still see price action).
For now, the bears have a dominant control over local price action, which could take us to a lower correction before bouncing, unless the bulls finally see a solid daily break and close above $28,00 again.
Up Probability: 41% - Down: 59%
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MAIN INTEREST LEVELS
🌮SHORT🌮
$28,240
🍳LONG🍳
$26,228
PREDICTED DAILY RANGE
$25,423 - $27,997
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#thebitcoindiner🍻
MARKET UPDATE VIP
GBTC discount has resumed its narrowing and sits at 16.5%. In mid-June, when BlackRock filed for spot Bitcoin ETF, the discount was 43%
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the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R293
Pair: $MATIC/USDT (Binance, ByBit)
Direction: LONG
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Position Size: 2 - 4%
Leverage : 5-10X
Trade Type: Standard
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ENTRY : 0.497 - 0.5275
(OTE: ) 0.5118
🍕Target 1 - 0.532
🍕Target 2 - 0.538
🍕Target 3 - 0.545
🍕Target 4 - 0.555
🍕Target 5 - 0.57
🍕Target 6 - 0.59
🍕Target 7 - 0.62
🍕Target 8 - 0.66
🍕Target 9 - 0.701
🥓STOP LOSS: 0.4835
RISK: Medium/High
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R222
Pair: $ONT/USDT (Binance, ByBit)
Direction: 🍳LONG
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🍩Target 1 - 0.159
🍩Target 2 - 0.162
🍩Target 3 - 0.166
🍩Target 4 - 0.172
🍩Target 5 - 0.180
🍩Target 6 - 0.195
Profit: 271.2% (10x lev.)🍖🍖
Perfect VIP move!!!
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
SEC approves iShares Bitcoin spot ETF. The market reacted immediately.
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VIP ACTION PLAN
If the price action reclaim this Horizontal Resistance level into Support level and after an retest level we could see the possibility of upward movements which could share us some long positions and monitor our short positions to trim out where it needed
As always, stay safe brothers!
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R291
Pair: $LINK/USDT (Binance, ByBit)
Direction: SHORT
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Closing
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R285
Pair: $BTC/USDT (Binance, ByBit)
Direction: SHORT
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🍩Target 1 - 27,400
🍩Target 2 - 27,250
🍩Target 3 - 27,050
🍩Target 4 - 26,700
🍩Low Reached- 26,538
(82.4% Profit - 20x lev.)🍖🍖
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R291
Pair: $LINK/USDT (Binance, ByBit)
Direction: SHORT
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Position Size: 2 - 4%
Leverage : 5-10X
Trade Type: Standard
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ENTRY : 7.335 - 7.74
(OTE: ) 7.527
🍕Target 1 - 7.26
🍕Target 2 - 7.19
🍕Target 3 - 7.11
🍕Target 4 - 7.00
🍕Target 5 - 6.85
🍕Target 6 - 6.65
🍕Target 7 - 6.35
🍕Target 8 - 6.00
🍕Target 9 - 5.60
🍕Target 10 - 4.98
🥓STOP LOSS: 8.01
RISK: Medium/High
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R287
Pair: $SOL/USDT (Binance, ByBit)
Direction: 🌮SHORT
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🍩Target 1 - 21.4
🍩Target 2 - 21
(33.9% Profit - 5x lev.)🍖🍖
Profits taken.
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
$BTC VIP Analysis
October 14, 2023
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BIAS:
Mid-Term: Neutral
Short-Term: Bullish
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Currently, the price action is respecting its Horizontal Support level marked between the $27206 to $26786 level where the price action is consolidating in a compression level which can show us upward movement after an Breakout of the Market Structure Shift level
As the price action lefts out the FVG gap level marked between the $27031 to $26800 level which is filling out already
Up Probability: 44% - Down: 56%
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MAIN INTEREST LEVELS
🌮SHORT🌮
$27206
🍳LONG🍳
$26,776
PREDICTED DAILY RANGE
$28636 - 24904
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#thebitcoindiner🍻
Trade ID: #R288
Pair: $GRT/USDT (Binance, ByBit)
Direction: 🍳LONG
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Position Size: 2 - 4%
Leverage : 5-10X
Trade Type: Standard
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Expecting a short/mid term correction
ENTRY : 0.0778 - 0.0806
(OTE: 0.079)
🍕Target 1 - 0.0814
🍕Target 2 - 0.0822
🍕Target 3 - 0.0832
🍕Target 4 - 0.0845
🍕Target 5 - 0.086
🍕Target 6 - 0.088
🍕Target 7 - 0.091
🍕Target 8 - 0.098
🍕Target 9 - 0.0110
🥓STOP LOSS: 0.0765
RISK: Medium/High
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
VIP ACTION PLAN
Holding on to our latest short positions (on higher leverage and lower time frames) and to our higher time frame and lower leverage long positions, which should also reach targets in the next few weeks if we don’t see an extremely strong downside move (which is not expected for now).
As always, stay safe brothers!
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
MARKET UPDATE VIP
Options volumes as a % of overall derivatives market keeps growing. The 7 day moving average reached 3% of the overall derivatives total market activity, a new all time high
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the bitcoin diner 🍔
#thebitcoindiner🍻
VIP ACTION PLAN
For now, short positions remain the highest probability move, other than lower leverage and higher time frame long scalps which we’ve also sent over the last few days (those may remain in place for now). We’ll be updating on new picks and positions.
As always, stay safe brothers!
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Your daily meal 😋
the bitcoin diner 🍔
#thebitcoindiner🍻
Trade ID: #R217
Pair: $KNC/USDT (Binance, ByBit)
Direction: LONG
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🍩Target 1- 0.55
🍩Target 2- 0.56
🍩Target 3- 0.575
🍩Target 4- 0.59
🍩Target 5- 0.62
🍩Target 6- 0.69
Profit: 183.8% (5x lev.)🍖🍖
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Your daily meal 😋
the bitcoin diner 🍔