Richter0x.eth @Richter0x
Macro TA & on chain defi analysis $BTC $ETH $SOL $OP @MadLadsNFT Partner of @MEXC_Official Use Partner Code: 1PKAB Currently Farming @blur_io @tensor_hq web3 Joined May 2023-
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One more short squeeze then down?
$BTC looks good. If 36.5k gets breached then it's very likely we tap 40k. Get ready bulls! I wouldn't be shorting here just yet.
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I don't believe this "bounce" will hinder further correction, so I continue to view the market from a shorting perspective. However, I'd like to point out that altcoins can be traded in both directions right now, as many low-cap coins have been showing growth lately 👌
Good morning, friends! 👋 Since yesterday, not much has changed in the market, even though it's a weekday. Bitcoin has locally bounced off the 26,000$ level and is currently trading around 1.1% away from it.
With this scenario in mind, there is very little time left for it to undergo a correction (as marked on the chart). That's why I believe that the move to 22-24k$ for mid-term liquidity is unlikely to be prolonged 🤷♂️
Analysis of #BTC with a focus on timing 🤫 There are only about ~210 days left until Bitcoin's halving in April 2023. Technically, by the time of the halving, Bitcoin is unlikely to reach new all-time highs, but it should at least retrace to the 0.5 Fibonacci level (42,200$).
The market is simply ignoring the technical pattern, as if nothing has happened. Now it's a game without rules. Each individual decides for themselves whether to accumulate the coin in their portfolio, based on their own investment strategy. 💼
This is exactly what we are seeing on the coin's chart right now. On the 1D timeframe, the key trendline support has been breached, but we have not seen any significant rebound or breakdown yet (even though it's been a month).
The liquidity crisis exemplified by $MATIC 🩸 I want to highlight one important thing, which was also discussed at the crypto summit in Moscow in September: the market stops obeying the laws of technical analysis when there's no money in it.
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