I think we are just at the beginning of the Long Squeeze to the south on BTC, and traders with high leverages are already rekt given the non-existent liquidations spikes iclose to the price.
I expect a strong move today south towards 19K with a mass of giant peaks like a mountain with something to eat and drink for the exchanges, compared to the north it looks like flat empty desert with a few small dunes from time to time .
What the market can do to the S&P 500 and BTC after the interest rate announcement.
- Dump: FED not happy with an increase from +0.75% to +1%.
- Pump: +0.5% as rates rise.
- Pump & Dump: Buy to Sell, so first trap the shorts before going south to trap the Longs.
- Dump & Pump: Sell to Buy, so trap the Longs first before going north to trap the Shorts.
- Dump and then return to the starting point with a wick behind: just a Long squeeze and then accumulation with consolidation.
- Pump and then return to the starting point with a lock behind: just a Short squeeze and then accumulation with consolidation.
- Neither Pump nor Dump, just a consolidation: interest rates are already priced at +0.75% and that hasn't affected the price.
I try to anticipate all the possible scenarios to prepare for each one of them.
The probable scenario in my opinion is that the FED will not be happy and will hit hard on interest rates at least +0.75% to +1%, given that unemployment is down and more people are working, and that does not help inflation to fall, we're already in a bearish trend on the S&P 500 so below 3900, finally everything will depend on Jerome Powell's speech this evening, and what the market will decide to do.
The FOMC meeting in less than 3 hours:
My fourth short position in Grid Futures trading on DOGE/USDT at Kucoin, the robot has been running since yesterday (it's been 10 hours), so just after posting the analysis last night before sleeping.
- The leverage: 3X
- The range to short with 38 grids between: 0.0777$ to 0.1777$
Today we just passed below the bullish wedge to confirm the Bear Flag with a lower low than the last one.
Finally I closed the APT/USDT short on grid yesterday on Kucoiin to open the short on DOGE, but I still have 3 shorts on Binance on grid with APT / ATOM / SOL
Below are The analyzes I did yesterday if you don't follow my Telegram Channel:
☑️ English: https://t.me/tradingwithbinance
☑️ French: https://t.me/Adaminssane1
The DOGE is the crypto trend of the moment which pays the market makers by having the number 1 rank of cryptos with the most liquidations.
https://www.coinglass.com/LiquidationData
Personally, I don't really see a long-term fundamental reason behind the Pump other than Fomo, the euphoria caused by Elon Musk after the purchase of Twitter, which will be partially reimbursed by his wallet in DOGE.
https://twitter.com/elonmusk/status/1587297730631696384
High confluence in Weekly towards a possible rejection of the resistance at $0.15.
- The bottom of the Ichimuku cloud.
- The MA 62 in blue.
- The 38.2% of Fibo.
- Hidden bearish divergence on three indicators: RSI / MACD / OBV
https://www.tradingview.com/x/U1KRaDxT/
The DOGE at H4 is in a bullish wedge, to see the exit which is more likely to be from below to confirm the bearish flag.
Large bearish divergence on the RSI in the overbought area above 70, it's almost the perfect divergence, it just needs to be hidden.
https://www.tradingview.com/x/EzPstkEG/
👉 Follow the links below to the best & Secured Exchanges that I use for trading & often gives rewards for using their platform like Learn & Earn Program, making deposit & Trading on spot or Futures, Trading Competition, ...etc.
📈 Bybit: Get up to 4030 USDT in rewards just by signing up!
https://www.bybit.com/app/register?ref=7Wgmj
📈 Binance: 10% discount on Binance Futures trading fees!
https://www.binance.com/en/futures/ref/38451215
📈 FTX: Sign Up Bonus of 5% fee discount on all your trades.
https://ftx.com/referrals#a=1768923
📈 Phemex: Up to $180 in welcome bonuses waiting for you.
https://phemex.com/register?group=718&referralCode=BAR9K
📈 Kucoin: Rewards for users Up to 10 million USDT
https://www.kucoin.com/ucenter/signup?rcode=Kvyf2d
📈 Bitmex: Up to 80 BMEX Tokens Welcome Offer.
https://www.bitmex.com/app/register/xXePh3
👀 Follow the Links Bellow to my Telegram Channels:
☑️ English: https://t.me/tradingwithbinance
☑️ French: https://t.me/Adaminssane1
