in trading, strong #psychological zones exist which tend to become associated either with round numbers or very #specific number ranges. + for #bitcoin, that range is @ $66666 + for #ethereum, that range is @ $3333 it’s nearly guaranteed to be revisited with #price hovering around it, almost like a #magnet. > whenever price falls under it; you prepare for #buying > whenever price goes above it; you prepare for #selling these zones serve a #dualistic nature of both support and resistance, but always that of #accumulation or #reaccumulation.
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$BTC is in an interesting area at the moment of writing the piece. All sorts of obstacles are on the way higher. It's also trading below the moving avgs, again #BTC Weekly RSI is WEAK. Red Mov Avg has been above since Jan 23. Threatened Sept 23 but it overcame. #Bitcoin avg is trending lower & CAN cross to the downside in a couple weeks if nothing changes soon. Tibor Baranski Jr. https://lnkd.in/ePbe5Twu
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Its beyond to good to be true, so its likely bullish midterm. Short term probably not what people expect like last time where it was not a flip of the switch and we went vertical to 69K last time. It will continue to be volatile both directions, maybe we hit new ATH’s first who knows….even elite traders dont claim they know but trading the probabilities from lower. #Bitcoin
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Catch BlockFills' John Divine at this year's #PuertoRicoBlockchainSummit! TODAY: John will be speaking at Tokenize! Conference discussing #Bitcoin Options* Strategies at 3:30 PM TOMORROW: John will be speaking at #ETHSanJuan discussing #Defi Options* Register for both events: https://lnkd.in/gghvk336, https://lu.ma/Ethsanjuan Disclaimer: Derivative Products available to Qualified Counterparties Only. For US Persons, client is an Eligible Contract Participant (“ECP”) as defined in Section 1a(18) of the Commodity Exchange Act and related guidance. Non-US Persons must qualify as an Eligible Professional Client.
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EMA Lines dont work in a Bullmarket longterm. Seeing so many that did use them to win for a few months in 2023, continue to use it. Its the one with decade+ experience that are Millionaires from #Trading that told me to stop using them if I want consistent profits…. Yea 20-EMA above 67K….now its below, now what? Rely on 69 different EMA lines? Just chill and wait till the FOMO Dust has settled. #Trading #Bitcoin.
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...and this Ripping Insanity all stops at 8pm when the US Post market ends, DTCC closes, and the US ecosystem stops operating?... NaahiDontThinkso. one liquidity pool is open in the US night - The Blue Ocean - powering #BrokerDealers that are connected. 24 hour trading is here - and #AsiaInvestors wanna trade in the US electronic #trading ecosystem. Just like during the US daytime. Eric Balchunas sez, on X: "The #Bitcoin Industrial Complex (ETFs + $MSTR, $COIN) saw $38b in #trading volume today, lifetime records being set all over the place, incl $IBIT ... Just an insane day..." $TSLA $COIN #Tesla #Microstrategy #BTC #Coinbase
Eric Balchunas (@EricBalchunas) on X
x.com
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📰 Cointelegraph, citing CCData, reports June's CEX trading volume fell 21.8% month-on-month, with combined spot and derivatives trading volumes declining for three months. Open interest and options trading also decreased due to forced liquidation following price drops, partly due to Mt. Gox redemptions and German Bitcoin sales. Binance's market share dropped from 40.4% to 31.2% year-on-year, while Bybit (+4%p) and Bitget (+3.7%p) increased their shares. 📉🔄 #BitcoinWorld
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Institutional interest wanes as Ethereum futures and options volumes drop: CCData ➡️ Read All : https://lnkd.in/eDzB3jKy Ethereum derivatives volumes on the CME have plunged sharply following the launch of spot Ethereum ETFs, reflecting reduced institutional interest. Trading volumes for Ethereum derivatives... [...] #CryptoTrading #EthereumETFs #MarketTrends #BitcoinFutures #InstitutionalInterest #Crypto #Ethereum #NBTC
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Man this cycle the Meta-Indicators would have worked. Previous cycle they didnt work, hence I learn other methods, and sucked at trading because i went back into being a rookie in the new methods. Everytime MACD has reset only the Daily even, it has reversed. Trend has been our friend. #Bitcoin
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What I am about to share is based on 14 years of experience. It’s important not to panic-buy or sell in response to the psychological effects that arise when Bitcoin reaches certain levels. 📈 Always approach positions and spot trading with stop-loss orders. 🚫 Do not go against the trend. There is a significant (close) gap at the Chicago CME. 📊 While there is no guarantee that this gap will be filled, it’s worth noting that there is a potential liquidation of $2 billion in the $69,000 to $75,000 range during a correction. 💸 #bitcoin #trend #ath #trade #trading
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