Due to massive hedge shorts in past few months, #TSLA short squeezed
Just wonder what will happen with BTC
If you remember the history of last cycles:
There were always 2 shakeouts in midcycle, where alts dropped 70-90%.
Summer 2016 - Post halving
Summer 2017 - mid-cycle
———-
Summer 2020-Post halving
Summer 2021
————-
Now Summer 2024- Post halving
we are about 90 days from recent halving date.
It was tough time for Alts holders.
"History doesn't repeat itself but it often rhymes"
Historically you have about 400 days left to make it again by picking right coins.
#BOND 15M$ marketcap
OI 33M$
Funding is huge negative
It will be delisted at 22th.
It's more than 10 days to go, not today or tomorrow.
I think There will be huge manipulation for this altcoin.
In a new period of market, we will not talk about old names like PEPE WIF FLOKI, ONDO ... which mentioned frequently few months ago.
We will talk much about new hyped coins.
Main move of 120 days consolidation still has not came yet.
OI is still in the box.
Lesson: When animals go parabolic in the time BTC moves in a range, that range is distribution top.
Читать полностью…#EduContent
Understanding of how potential midterm dip looks like (data showing Open Interest in Binance)
Billions $ of Open Interest to be swept out is required.
#BTC Short Setup
BTC already broke out the range. It is time to trade BTC like an Altcoin.
Whale Mr.100 has been actively buying since 25th June.
https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP
following fractals,
BTC continues boring zone till October
Lucky alts pumps in this season
Other alts remain sideway-down & still no sign of reversal.
In my view, the shakeout of Summer 2024 already finished
Many alts already dropped 80-90% from the high of April.
Now consolidation time before green-Q4.
In every cycles, 550-600 days from The bottom of bear market is a interesting time.
Читать полностью…What you see in Media is Mt Gox + Germany Government selling Bitcoin
What actually happened behind the scenes is JaneStreet x BlackRock and other big boys in CME shorting Bitcoin
2022 we see LUNA foundation selling BTC
Now we see Mt Gox + Germany Government selling Bitcoin 👀