BTC Daily Technical Analysis: A small short-term rise to trap degen shorts / ETH and BTC are manipulated by the FTX hacker!!!


BTC in Daily:
The price has bounced off the trend line of the downtrend channel, and we have 3 bullish divergences to confirm! on the RSI (broad and in the oversold area below 30), MACD and OBV.
https://www.tradingview.com/x/jRp9RVdI/ 

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The shorts are more aggressive than the longs given the drop of its last days and the peaks in the north close to the price (between 1% to 5% therefore the liquidations of the levers from 20X to 100X), unlike the small and medium levers with large peaks of wind-ups from the southern longs.

Well we are in a critical phase of the bear market at -77% on very low levels, I think the BTC can still go down but I don't know exactly how long or the levels, but I am convinced when we will arrive on still lower levels like 14K or 12K at this time the longs will calm down on the BTC but the opposite on the alts which will try to buy the dips given the consequent drop, personally I would be careful and at that time we will see what King Fisher's map will tell us about BTC and then ETH and alts.

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The hacker's ETH are being sold every day against the RENBTC, there is still a lot to sell, a reason to go down from $900 to seek liquidations on the Defi.

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A theory not to be overlooked, that our hacker is a pro trader (SBF from FTX and his fellow traders) who takes advantage of the hack to short BTC and ETH before buying them back later cheaper, and we know that SBF is a trader in arbitrage and for the moment the hacker swaps between BTC and ETH, and I imagine the hacker's dollars are the profits on the shorts in futures with other accounts either in DEFI or in CEFI.

It's only a theory but nobody really knows the identity of the hacker, others think it's the government of the Bahamas, and others that it's a hacker who has nothing to do, I don't know what you think?

https://twitter.com/0xStacker/status/1594370387449610245 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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