Reclaiming ~40k with a good retest will confirm the micro bottom.

Adding the fact that fear is at it's highest points, indicators oversold and that we already tested some big levels on weekly chart.

I might think that bottom would be in.

Before calling it we have to hold these levels first !

Don't wanna spread FUD but loosing them can be the beginning of a multi week bear market.

We have our capitulation candle !

90% of the market was waiting for 40-30k to buy !

We're at these levels now and 90% are selling ( capitulation candle )

I will be looking more for buy opportunities after confirming the bottom.

Biggest capitulation candle ever seen on BTC.

It's a very rare scenario, not the first time we get weird or big moves, but this dump was the hottest I've ever seen in crypto.

Feeling sorry for all the people who lost big in this market !

" Anything can happen "
It has be your ultimate lesson to learn and always risk less than 5% per trade !

$BTC long liquidations across all exchanges hit an all-time high. 10,525 BTC has been liquidated in an hour.

(Note: This data only includes BTC/USD, BTC/USDT perp contracts)

View Chart | @cryptoquant_official

Today dump was your Initiation into crypto !

Welcome to the real crypto market my fellas.

Tired of missing out ?

We have the solution 👇

More Than 70% Accuracy ✅
1-3 Daily Trades In Average 💯
Guaranteed Profits 👌

Join now the VIP group with more than 1000 members and start reaching your goals 🚀

@RocketWalletBot For VIP

Dominance rising and closed a daily candle above 44%.

Reduce drastically your ALTS holdings if you're over exposed !

Do I think bull market is over ?

No.

Will I change my opinion if we go below 30k or get a nasty weekly close ?

Yes.

It's not important how much you're right in trading, most important is your adaptation ability and facts acceptance.

Embrace the market instead of trying to fight it.

Crypto is all about surviving the bear cycles to enjoy the bull markets.

If you can do that by preserving your capital during bear periods you will do really well when sun comes.

Money management.

Don't fall for scams !!

Real ID : @Adam_RocketWallet

Fake ID : @Adams_Rocketwallet

Difference ?

On "Wallet" the scammer is using a I (i) and a l (L) !

Don't be fooled and check twice before paying someone you don't know !

RWS Announcement ‼️

We are migrating subscriptions to our updated @RocketWalletBot.

You can write the command /start and send it to the bot for more infos contact @thisaster62 or @flipcrypto37

https://www.tradingview.com/x/dcAnGprf/

#BTC Update :

Still ranging since the last market dump, picture hasn't changed and we're still on a big range from 30k to 41k.
Price below the POC, showing clearly that bears are still in control, which is logic with all the fear we have on the market currently.
Watching for one of these two scenarios for a possible play long/short into the range.

Still on the sidelines with my USDT hunting patiently for a clearer move.

https://www.tradingview.com/x/60YuMquC/

ETC :

- Big tf's showing a potential breakout on ETC.
- EMA9 held the price really well during the last upward move on ETC.
- You can also notice the perfect retest on the previous levels marked by the blue box.

https://www.tradingview.com/x/6hjBMgiy/

#BTC Dominance :

Two great things making me think bullish on ALTS !

1) EMA200 fake breakout.
2) Clear lower high since the fake breakout.
3) Back below an old support active from 2018.

Note :

Technical analysis on the BTC dominance is not as relevant as for other charts.

Not rushing blindly into ALTS right now, just watching closely how it will develop.

We went thru the worst month in term of losses since crypto was made !!

What was the biggest thing that made us loose our signals setups ?

We went from October to May with a working strategy called ( buy the dip until it doesn't work ) which consists mostly on spotting dip buys or trend continuation on coins..

Now game rules has changed since last dip and strategy has been adapted until we get another change again in the structure.

Current structure is sideways ( indecisive ) and a scalping strategy is best suited for this phase.


There's also two types of people here :

1. Those who didn't respected the money management :

All of them got REKT or took big losses.

2. Those who play safe :

Also got losses, in my case it was ~30% of balance, easier to recover.

You want to be successful switch from 1 to 2.

https://www.tradingview.com/x/sEMXVxrK/

#BTC Update :

Bitcoin is still accumulating betwen 40's and 30's.

We also had a triangle formation which is ending soon.

Points to watch :

Fake breakdown of triangle and push up to seek for 41.7K first. ( Bullish )

Breakdown of the triangle followed by price going below 34.6K. ( Bearish and will likely push price to low 30's )