Sell walls this size can surely only mean one thing
Las time is saw sell walls this big in the ALTs it was at the end of the last bottom manipulation. The likes of BNB are being squeezed, BTC blocked.
- My current reading is that the price is being suppressed to ensure Futures targets are hit - see related idea from a few weeks ago.
Unfortunately I don't think the 'bear' market is over due to base product economics - e.g. cost.
For now I still think BTC is going to swing off the 5,800 target. Expecting to check 592X and then bounce. Alt we go deeper to create some pannic to allow the MM to buy and then up. I'm going to wait for confirmation before jumping right in.
I also don't believe in bears and bulls - it's the temple of doom and i'm Indiana Jones chasing Sankara stones but about to be squashed by a massive rolling ball.
- My current reading is that the price is being suppressed to ensure Futures targets are hit - see related idea from a few weeks ago.
Unfortunately I don't think the 'bear' market is over due to base product economics - e.g. cost.
For now I still think BTC is going to swing off the 5,800 target. Expecting to check 592X and then bounce. Alt we go deeper to create some pannic to allow the MM to buy and then up. I'm going to wait for confirmation before jumping right in.
I also don't believe in bears and bulls - it's the temple of doom and i'm Indiana Jones chasing Sankara stones but about to be squashed by a massive rolling ball.
Note
Money exiting ALTs into BTC buoying price - possible deep cut ahead.Note
Thinking this will break - next stop 4800 - ladder in from 5000Note
BNB buy wall just lured some folk in before dumping. Suggesting new lowNote
Might bounce at 5500 but I'm thinking this is a false wall and expecting 5100. my buy in is set lowerNote
Idea turned good - for now
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.