Parabolic

Bitcoin ETF

<ul> 
 <li><a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">Crypto market</a> dip seems unstoppable, analysts state otherwise.</li> 
 <li>Dip caused by manipulation and outflows will keep going but will stop before $50,000.</li> 
 <li>All agree that new ATH is simply delayed and a parabolic leap is loading.</li> 
</ul> 
<p>Traders continue to watch the crypto market, as some expect another dip to come for the market, others say this ongoing dip is caused by manipulation caused by elites to shake out small holders so the majority of the gains will go to the elites.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Correction to $51,600 and then $110,000?<br><br>Unfortunately <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> closed the monthly candle below the $61,300, level we were monitoring carefully. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Hopefully it is just manipulation but if we stick only to the technical aspects, the 2Monthly chart just printed a reversal… <a href="https://t.co/e0L6xIkRXb">pic.twitter.com/e0L6xIkRXb</a></p>— Titan of Crypto (@Washigorira) <a href="https://twitter.com/Washigorira/status/1785618240699322399?ref_src=twsrc%5Etfw">May 1, 2024</a>
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<p>In this narrative, one trader says this <a href="https://cryptonewsland.com/bottom-not-in-yet-long-time-trader-shares-warning-and-pearls-of-trading-wisdom-amidst-turbulent-market-waves/" target="_blank" rel="noreferrer noopener">Bitcoin correction will likely go till Bitcoin (BTC) hits $51,600</a> and then will work its way to a new all-time high of $110,000. He noticed that April’s monthly close candle was below $61,300 which means levels were monitored carefully.&nbsp;</p> 
<p>According to this trader, he believes this dip to be one caused by market manipulation. Despite this he continues to see the charts through technical aspects and noticed that the 2 monthly charts just printed a reversal candle.&nbsp;</p> 
<p>He also adds that the bull market is still very much in play but it is simply delayed. Once the next target of $51,600 is met and retracement level is fulfilled, then <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noreferrer noopener nofollow">Bitcoin’s trajectory</a> to its next ATH will likely resume.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>$499,440,000 WORTH OF LEVERAGED POSITIONS HAVE BEEN LIQUIDATED IN THE PAST 24 HOURS <br><br>TOTAL LONG LIQUIDATIONS: $440.85 MILLION<br><br>TOTAL SHORT LIQUIDATIONS: $58.59 MILLION <a href="https://t.co/SO9OOyHMNM">pic.twitter.com/SO9OOyHMNM</a></p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1785591541299302602?ref_src=twsrc%5Etfw">May 1, 2024</a>
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<p>Meanwhile, other traders say the dip is caused by massive outflows from spot ETFs. The outflows have caused major FUD and traders have liquidated their leveraged positions in the last 24 hours. In detail, almost 500,000,000 worth of leveraged positions were liquidated.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw">#BITCOIN</a> | CRITICAL ZONE <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>PARABOLIC TREND <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3a5.png" alt="🎥" class="wp-smiley" style="height: 1em; max-height: 1em;"> UPDATE <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/25b6.png" alt="▶" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/fdhjcAYkkD">pic.twitter.com/fdhjcAYkkD</a></p>— Kevin Svenson (@KevinSvenson_) <a href="https://twitter.com/KevinSvenson_/status/1785735892918763763?ref_src=twsrc%5Etfw">May 1, 2024</a>
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<p>Lastly, another trader says this dip is still playing out what all seasoned traders expected. He shares a chart explaining the patterns of the mighty parabolic trend and this <a href="https://cryptonewsland.com/bear-market-flashbacks-cause-severe-crypto-market-dip-patient-analysts-dispel-fud-with-btc-targets-over-100k/" target="_blank" rel="noreferrer noopener">dip is marked as the final one</a> before the parabolic rise for <a href="https://bitcoin.org/en/" target="_blank" rel="noreferrer noopener nofollow">Bitcoin</a> and altcoins.&nbsp;</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
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</ul>     
<p>The post <a href="https://cryptonewsland.com/market-manipulation-bitcoin-etf-outflows-fud-rising-crypto-dip-barrels-on-parabolic-trend-on-the-horizon/">Market Manipulation, Bitcoin ETF Outflows, FUD Rising; Crypto Dip Barrels on, Parabolic Trend on the Horizon</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Market Manipulation, Bitcoin ETF Outflows, FUD Rising; Crypto Dip Barrels on, Parabolic Trend on the Horizon

Crypto News Land

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