90% of your losses stem from whales manipulations :
90% of cryptocurrency losses are due to manipulation by whales (large-scale investors). These whales use tactics such as:
- Accumulation and pump
- Re-accumulation and pump
- Distribution and dump
- Re-distribution and dump
- Price-range manipulation
To outsmart whales:
- Identify consolidations hitting support/resistance multiple times.
- Be cautious of breakouts followed by quick reversals.
- Watch for Fair Value Gap (FVG) price imbalances during volatility.
- Expect retracements after sharp moves.
- Avoid fake patterns and retail traps created by whales.
To succeed:
- Stay focused and alert.
- Don't get tricked by misleading signals.
- Target $100k+ gains.
By understanding whale tactics and being cautious, investors can dodge traps and make informed decisions to achieve significant gains.
Bitcoin Price Analysis:
Bitcoin is currently consolidating within a descending broadening wedge pattern, encountering resistance at the 50-day Moving Average (50MA) and the Ichimoku Cloud. These levels are providing significant barriers to upward movement, hinting at potential near-term downside.
However, a successful breakout above the 50MA and Ichimoku Cloud could indicate a bullish reversal. If Bitcoin breaches the wedge pattern's resistance, it may trigger a sustained upward trend.
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Crypto's rollercoaster ride continues! Bitcoin bulls are back, pushing prices past the $64,000 mark. Will this momentum hold, or is it another climb before a dip? Buckle up for a wild ride!
What is your view about BTC at the current level?
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