Psychological Analysis: The market is strongly bearish and more and more FUD is loading. For now, FTx uncertainty regarding
SOL
is loading as we predicted a few months ago when watched the FTx data. It's not only
SOL
that is affected, but the entire Altcoin and BTC sector. We enter into the phase of FUD and fear which has not even started yet. Meanwhile, market makers are fake pumping altcoins to liquidate those shorts from above with sudden fake pumps, just to nuke it afterwards. It gives us hints that market makers know BTC's next move, and want to take out most of altcoin shorts with these fake pumps. At the same time, they send BTC into the boring sideways zone. Indeed, the next BTC leg down will fully nuke the Altcoin sector. You have been warned. For now, I am watching several options we might see for BTC before hitting my final target of $ 23,500. The best short entry for those that missed my call at 31k region is currently at $28.600 region. Pray that the market allows you to visit again if it happens. I would add more to my shorts. I have been mentioning $28.600 for a longer time to retest the breakdown of MA100 which happened on the 17th of August. So far we have not retested the breakdown, and at the same time, a big liquidity pool is perfectly matching in the same region. There are more than enough reasons for market makers to bring it to the $ 28,600 region. This is not a long call! However, general information on what might be the next moves of the market makers. Be prepared for all scenarios. All in all, zoom out, and the final target remains on the downside with a target of $23.500 as we spoke about an incoming sideway movement that took place as expected. This week is more volatile if important numbers released on Wednesday (CPI) and Thursday (PPI) are higher or lower than the expected numbers.
#BTC #BINANCE #FUTURES #TRADING
SOL
is loading as we predicted a few months ago when watched the FTx data. It's not only
SOL
that is affected, but the entire Altcoin and BTC sector. We enter into the phase of FUD and fear which has not even started yet. Meanwhile, market makers are fake pumping altcoins to liquidate those shorts from above with sudden fake pumps, just to nuke it afterwards. It gives us hints that market makers know BTC's next move, and want to take out most of altcoin shorts with these fake pumps. At the same time, they send BTC into the boring sideways zone. Indeed, the next BTC leg down will fully nuke the Altcoin sector. You have been warned. For now, I am watching several options we might see for BTC before hitting my final target of $ 23,500. The best short entry for those that missed my call at 31k region is currently at $28.600 region. Pray that the market allows you to visit again if it happens. I would add more to my shorts. I have been mentioning $28.600 for a longer time to retest the breakdown of MA100 which happened on the 17th of August. So far we have not retested the breakdown, and at the same time, a big liquidity pool is perfectly matching in the same region. There are more than enough reasons for market makers to bring it to the $ 28,600 region. This is not a long call! However, general information on what might be the next moves of the market makers. Be prepared for all scenarios. All in all, zoom out, and the final target remains on the downside with a target of $23.500 as we spoke about an incoming sideway movement that took place as expected. This week is more volatile if important numbers released on Wednesday (CPI) and Thursday (PPI) are higher or lower than the expected numbers. #BTC #BINANCE #FUTURES #TRADING