BITCOIN
Bitcoin and the market have made this clear- although how low will Bitcoin and the whole sector go? There are many factors, I will share my 3-Day chart, where the SharpScope clearly caught the top of BTC's move and now we'll see if the same thing that previously happened will happen again. The last time the 3-Day SharpScope crossed down, we had a leg down to a new macro low of 17k. The next macro low would be near 15k-13k, but we have the support at 19k-21k, so this may not be a freefall, and the current overall market is conflicting, which is also perfect for Market Makers to sell-off while demand is in. Insider stocks have reported they are selling off their own stock, dormant addresses are actively selling crypto, and 80 million option calls expire tomorrow. Also, 20million+ of BTC from the Celsius court order is getting sold any moment now. On the other hand, we have 60million short put options expiring tomorrow below 23k-21k. Also, info shows we have more LONG liquidations in futures until 22.6k, while short liquidations on the heat map, as of now, are too spread and not many past 23.6k. What does this tell me? If the dump doesn't start on today's daily candle, it will start tomorrow. Money flow is clear because the charts have dumped from every pump since 25k. Beware at the 21k range, shorting and longing, as this month is choppy because of this.
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Ethereum
ETH is looking very bullish, but unfortunately the entire market will drag it down along with it. Currently, to make it simple for everyone, the 2hr/4hr cross down on the $harp$cope will confirm the loss of $1800 ETH -either later on or tomorrow. The next 3-6 days Eth has a macro top of 2k based on money flow, strength and momentum of demand with supply. Most importantly, the 3-Day chart on the SharpScope has crossed short and it's not clear if ETH will make a new macro low, unlike BTC could, but dormant eth wallets are selling... That to me puts more supply and a cascade of long liquidations could shock price to a new low quickly, so if it happens, I expect ETH to recover quickly. For ETH I have shared below my 2hr chart with prices of support to watch the ETH break down. ETH has less chop then BTC which is good for trading, but has more demand and emotion behind it. Currently, the upgrade and locked ETH is increasing demand so this could have spikes of prices jump higher than expected. Invest & trade safe everyone!
$harp$cope has a community Discord channel, where we post various setups and different pumps or sell-offs incoming for the day!
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