Just a regular dude striving for financial freedom! sharing my insight about the crypto market and the latest blockchain trends. 🚀
California, USA
Joined February 2021
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Hey @grok how much Binance makes in fees, spreads, margin and revenue per year or month, are they also the market makers and if so how much they make being a MM ?
Market makers had to push the price of bitcoin as high as it can go, and that wasn’t natural but rather pure manipulation, the reason is simple, there was a big sell order parked at 82k now that liquidity is back to normal, the price is reflecting normal liquidity behavior!
Here is our confirmation that price will go higher: Bitcoin has to break and close on a daily above $82700- $83k
Still need to break above 83k for BTC to actually go higher.. until then I consider this rally today as a pure liquidity sweep, sweeping the shorts and now will sweep the longs!
after all who likes to be on a yacht thinking about their portfolio, selling in September have been a long tradition 😂🤌🏼 Bitcoin back to 65k
Bitcoin is the economy’s release valve l, but this last rally looks like a liquidity grab! Agree or disagree
I see a Head and Shoulders On the Bitcoin chart! Def a retracemnt confirmed by a bearish divergence and high F&G index, the market is really setup to take people’s money.. bears got squeezed, made the bulls believe in a euphoric rally, they opened longs, now the market is swallowing the longs.. classic
If we hit a full blown Bear Market,
$SOL could go as low as $60
DYOR - Not Financial Advice
People hate Bitcoin bears and the bear market and scared to buy the bottom!! Are we close to it yet ?
It’s easy to ask the following questions, the answers are not as straight forward..
How low do you thing bitcoin is going to go?
How long will it before bitcoin goes back up to ATH?
Is the Bullmarket over?
Are we in a bear market yet?
Should I sell now and buy again lower?
Altcoins bleeding hard! Not worth the risk, and nobody wants to gamble on anymore; NFTs and Memecoins destroyed the altcoin market!! those days are long gone..
The relief bounces are getting shorter each time, signaling that less and less buyers are stepping in, leverage is getting flushed.. I don’t think we’re at a bottom yet!! Bitcoin will have to consolidate before we can see a reversal!