In this review, I would like to share my thoughts on Bitcoin for the next few years. months. Before going directly to the crypt market, I'd like to write... a little warning for traders. I rarely write about it in my posts. on the channel, but I think you should know about it and always remember when you're... come to a deal. Trading is a very difficult job. You're constantly competing with the smartest people/algorithms, who have very deep pockets, vast experience, and access to proprietary market and position information. of the participants. In addition, you're in a constant war with your... by trading against their instincts, or vice versa, against the chart and the price movement of the whole crowd. Remember: financial. markets don't care what you think about price movements, where you entered the deal and where your stop loss (I hope you're not trading on principle without it). Your trading ideas... have weight in the market just for you, nobody else cares about you, yours. trends, indicators and margins, they just want your money. The market consists of three parts: Accumulation/accumulation, Distribution/ distribution and manipulation. Market makers and hedge fodders are moving markets and create the conditions under which you, if not in the market, necessarily press buy or, if you're already in position, will make you either leave the position, or to go in the opposite direction. They know all your weaknesses, everything. what you think when you're on the schedule, all your fears, hopes and... desires. The only thing that will protect you from sharks is risk management and discipline. The market doesn't forgive the all-knowing, self-confident and lax!!! Trade is really hard work, where you have to work on yourself all the time.
Bitcoin. Now to the market (remember: accumulation, distribution, manipulation).
It's one of the swing trading models of the market maker. There was an accumulation in November... January in the range of $6400-7500, followed by a structural upward movement towards $10,500, then had to be followed by a structural descent down with a knockout. the last lot of $6400 to the $5600-5800 zone. Everything in principle went according to plan: whales. planned a U-turn, reported it to each other, distributed the bits to the hot ones. wallets, but... I think something went wrong in the $7200-7300 zone and started like this. called flash-crash. Flash-crash is a liquidation movement in which the algorithms of market makers and hedge funds are failing and there is a lack of liquidity. slow down the pulse. $7200 was a very important level of all storage range. Such levels usually contain the price and give a correction either in the range or in the range. the price with some kind of bounce and mini-range, or at least give a small reaction in the form of time correction. This time there was no reaction, no correction, nothing... The price just fell 45% from $7600 to... $4200.
BTC FLash-Crash
On the news of the coronovirus at this time fell everything, but not 60% of all-time-high. The batting really started to panic, and now the most important thing I'm saying is. ...wrote on the channel... ...on a decentralized bitcoin there was a centralized... exchange limitdown.
Limit-down is a forced stop of trading on a trading asset/instrument. Many people laugh when they see Bitcoin limit orders at $1, but these limits-- the orders there are for flashcrash, but the stock exchanges are advanced, and now the fuse is pushed in as a limitdown in a severe fall, so that the price doesn't drop to 0. Remember that the liquidation drop is a drop in marketing sales, and if nobody buys them, they drop to zero. Imagine that, what would happen to the reputation of the crypt if Bitcoin fell to $0, or at least to... $1?!!! You think someone would look at Bitcoin as an investment in the future? And now the most important thing about this review. This is purely my vision of the situation, based on whale experience and behavior. After the fall, the big ones started of Theser's movement. I've already stopped counting how many printed Theser fantasies... came out of Tether Limited's treasury in wallets, but the point is, right now. a new accumulation is starting or has already begun. How does the accumulation work? Usually two kinds. The first one is the so-called V-reversal, And now... attention to the basis of the thesis of the review!!!: If the whales expected to drain such a degree. Tezer would have been printed in advance and the limitdown wouldn't have been allowed. Ergo, even the crypto whales didn't expect to be drained that much, or they would have bought back the whole draining before the fuse is triggered. In that case, it would be a complete buyback of liquidation sales in the form of V-reversal on the bitcoin chart, but hike the Bitcoin price to limit down for me eliminates this type of savings as... an option. So, the next logical option for accumulation is with prolonged accumulation (3-6 months period) in a tedious but deep sidewall. By deep, I mean the $3,000 zone. Maybe in the $2,000-4,000 range. with a squeeze of up to $950,500. I know these prices sound absurd at the moment, but remember that financial markets are far more unpredictable than they realize. our deposits. I come back to my thoughts in the Foreword: Accumulation-- Distribution-Manipulation. It happens on all timeframes. Task . market makers to take your money, so think deeper and look wider!
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