#Bitcoin/ Stock market – What’s Next?
The Big Sunday Report: All You Need to Know
🚩 TA / LCA / Psychological Breakdown:
Since end of August I am warning that the top territory is an area to add shorts and sell. Everyone who listened to me understood by now that 115-125k was indeed a great region to add shorts and sell, with an average short entry of 119k and hitting the top of 125k as predicted. So what is next? Markets remain extremely bearish as we are currently in the process of playing the bearish divergence forming since August. We need to understand that this market is driven by greed, currently I have rarely seen so much greed in the market as now, and I am speaking about both the bear and bullish side. Bulls that have been greedy to sell at good prices, and bears that are now euphoric as they know what’s coming next. While I am a big supporter of the bearish case, market makers tend to punish both sides of the market before making any important move. So just to have a quick recap, in August and September BTC visited our short and sell area region between 115-125k, while bulls were greedy, calling for higher, I have called to start building short positions in these regions. BTC went to 126k, 1k more than my max top scenario of 125k and we saw the historic dump in October. Now and in the recent days many bears joined the party late. These bears caused tons of liquidations in the region of 116.5k. While the region of our short entry is far from these short liquidations, the recent bears are in danger of seeing a liquidation event before continuing to the downside. I also see many people saying that there are tons of liquidations between the 120-130k region which is simply not true. I don’t know where your data is from but as per my data there is a very low amount of liquidity, given the fact that during 120-125k almost everyone was bullish and very few people besides me really entered into a short position. So given this in contrast, will the market makers allow retail and whales to exit at a better price after already making them lose? I doubt it, so I see the max bullish scenario at the 116,500 region if the market allows to visit, which is an increase of 9% from this point as a MAX BULLISH scenario. In case the market allows to visit this region, I am more than happy to have placed many short orders in that region waiting to be triggered as the main move is to the downside.
Its very important to mention that by breaking below $101,700 Bitcoin will break below its magic bull market line which would finally confirm a bear market and silence those bulls once for all! So have patience, because the move to send BTC below this magic line will be massive! Prepare for it, and dont be a fool! I predict a breakdown below this magic line and the end of the bull market!
On top of that we also see the 112,500 short term holder realized price, which shows the average entry of short term traders and buyers. This means that those short term traders are now in a loss, and as per on-chain data they tend to sell most of their positions if prices fall down between 5-10%, adding more short term pressure to the market. Keep this as side information as more sell pressure ahead.
As per the calendar CPI data is to be published on Friday with 0.3% expectations. I can repeat my words all over again but DrProfit Premium on Telegram nailed all of these moves. None of our members that listened to DrProfit ended up liquidated in the largest liquidation event in history, no, they shorted the largest liquidation event in history and made life changing gains. I can’t repeat it more often but joining DrProfit Premium can truly change your life as many testimonies are showing. Join here: https://t.co/4ilNrRrtAu
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THIS IS NOT FINANCIAL ADVICE BUT EDUCATIONAL CONTENT ONLY. ALL WRITTEN HERE IS MY OPINION AND MY OWN TRADING AND INVESTING STRATEGY.


From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

