Its history is full of traps, false breakouts, sharp reversals, and contractions designed to drive leveraged traders out of the market.
Both those who go long and those who go short fall into these traps. Then the cycle repeats.
With Bitcoin, confidence is important. But risk management is more important.
@RosePaid
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There are green candles everywhere.
If you've been through:
π The Collapse of October 10
π The War Between the U.S. and Iran
π The February Collapse
π Quantum FUD
π Sailor's Sale of BTC
π The Clarity Act's Failure in the Senate
π The Fed Raises Rates for the First Time in 3 Years
You've earned this pump.
Enjoy the showπ₯
@RosePaid
If you've been through:
You've earned this pump.
Enjoy the show
@RosePaid
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The 365-day MA was the last credible line of defence for the bear case.
BTC has just crossed it.
Holding it as support makes the bull thesis very difficult to argue against.
@RosePaid
BTC has just crossed it.
Holding it as support makes the bull thesis very difficult to argue against.
@RosePaid
Historically, September has been a month of negative returns for $BTC.
For September to end in the red this time, the price needs to close below 78,000.
So, think about how likely that is.
@RosePaid
For September to end in the red this time, the price needs to close below 78,000.
So, think about how likely that is.
@RosePaid
Bitcoin is poised to close above its 50-week moving average again, barring any unforeseen circumstances.
50 WMA: $78,789
@RosePaid
50 WMA: $78,789
@RosePaid
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Have a good day, everyone! π«
The price of BTC trading above the $81,000 level.
π° $81,517 (+1.43%)
π° $2,647 (+2.83%)
π° $767 (+2.47%)
π° $111 (+2.69%)
π° $1.43 (+3.97%)
@RosePaid
The price of BTC trading above the $81,000 level.
@RosePaid
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Looks like we'll see another billion dollars of shorts liquidated! $BTC is about to break the macro resistance!
@RosePaid
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Rose Paid Crypto Free β’π
π BTC UPDATE The price has dumped recently because of the Clarity Act related news (posted above). However, it is too early to write Bitcoin off. It is now located inside the thick layer of supports (marked on the chart). The lower it goes β the biggerβ¦
$BTC Breaks $85,000 Up!
Here we are. Bought the exact bottom β now in heavy profits.
One of the most profitable trades of the year.
@RosePaid
Here we are. Bought the exact bottom β now in heavy profits.
One of the most profitable trades of the year.
@RosePaid
Ethereum's silent accumulation Hits a 3-Year High.
In just 3 months, ETH has gone from $1 510 to $2 650, a gain of more than 75%.
@RosePaid
In just 3 months, ETH has gone from $1 510 to $2 650, a gain of more than 75%.
@RosePaid
Bitcoin ETFs have moved into the profitable zone after a long period, surpassing the average cost zone ($84.2k).
The fact that ETFs are selling in this zone poses a problem, as they have previously been in a selling position in the cost zone. ETF flows today and tomorrow will be important.
@RosePaid
The fact that ETFs are selling in this zone poses a problem, as they have previously been in a selling position in the cost zone. ETF flows today and tomorrow will be important.
@RosePaid
What's in store for us this week?
π΄ Tuesday β Speech by the FED Vice Chair
π΄ Wednesday - The Fed injects $1.9 billion in liquidity
π΄ Thursday β Trump and Xi meet at the White House
π΄ Friday β Release of U.S. GDP Data
@RosePaid
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Will share lots of charts today with my opinion on the whole crypto market and potentially metals.
Stay tuned.
@RosePaid
Stay tuned.
@RosePaid
π BTC UPDATE
We are in a bullish trend now, all dips are for buying, as they say.
The main resistance β $90,000. Can we go straightforward to that level? Sure.
But there are high chances of visiting $84,000 support before that. Especially after that rejection from the local $87,500 resistance.
π My plan:
- Buy spot at $84,000 support and go LONG only in case of a positive reaction on that level. Opening LONG position there without confirmation is risky.
- Buy spot at $79,000 - $80,000 and go LONG there as this is the main support of the bullish momentum. This support aligns with the Weekly MA50.
Opening any SHORT position now is trading against the trend and can only be performed by professionals.
@RosePaid
We are in a bullish trend now, all dips are for buying, as they say.
The main resistance β $90,000. Can we go straightforward to that level? Sure.
But there are high chances of visiting $84,000 support before that. Especially after that rejection from the local $87,500 resistance.
- Buy spot at $84,000 support and go LONG only in case of a positive reaction on that level. Opening LONG position there without confirmation is risky.
- Buy spot at $79,000 - $80,000 and go LONG there as this is the main support of the bullish momentum. This support aligns with the Weekly MA50.
Opening any SHORT position now is trading against the trend and can only be performed by professionals.
@RosePaid
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π¦ ETH UPDATE
The fun thing is that Ethereum is actually going to reach $10,000 milestone during this cycle. But that's the other story.
The key support is $2500 and I can barely see Ethereum breaking it down anytime soon.
You can either buy spot now and in case of correction or go LONG with low leverage (x2 - x3). Intermediate target is $3000.
@RosePaid
The fun thing is that Ethereum is actually going to reach $10,000 milestone during this cycle. But that's the other story.
The key support is $2500 and I can barely see Ethereum breaking it down anytime soon.
You can either buy spot now and in case of correction or go LONG with low leverage (x2 - x3). Intermediate target is $3000.
@RosePaid
π₯ BTC DOMINANCE UPDATE
Break this trend line down and we will get an altcoin season we haven't seen in ages.
@RosePaid
Break this trend line down and we will get an altcoin season we haven't seen in ages.
@RosePaid