Silver

Gold

Giant

Read

<ul> 
 <li>Bitcoin experienced a predicted fake pump, providing short opportunities.</li> 
 <li>Key levels, liquidity pools, and scalping strategies for BTC traders.</li> 
 <li>Historically bearish for Bitcoin, despite recent ETF announcements.</li> 
</ul> 
<p>In the world of cryptocurrencies, predictions and analyses are a dime a dozen. However, it’s crucial to sift through the noise and identify valuable insights. In particular, one market reader continues to share his <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a> analysis to the public.&nbsp;</p> 
<p>It is important to note that each of his predictions over the past few weeks have rang true. As more traders flock to these predictions, the latest report reveals another inevitable dip. Let’s have a closer look at his latest weekly Sunday report.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> – whats next ?<br><br>The big Sunday report, all you need to know:<br><br>In last weeks Sunday report we spoke about the strong possibility of a fake pump that will most likely take place, indeed BTC fake pumped towards the liquidity pool in the mentioned region of $28,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/">000</a> and went… <a href="https://t.co/iqyILdJ3gs">pic.twitter.com/iqyILdJ3gs</a></p>— Doctor Profit 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1698344310708593137?ref_src=twsrc%5Etfw">September 3, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In detail, <a href="https://twitter.com/DrProfitCrypto" target="_blank" rel="noreferrer noopener nofollow">Doctor Profit</a> begins by speaking of last week’s ‘fake pump’. Accordingly, he says the precious Sunday report drew light on the likelihood of a fake pump in BTC and how it unfolded precisely as anticipated.&nbsp;</p> 
<p>To highlight, Bitcoin surged toward the $28,000 mark and swiftly retraced, validating his prediction. Those who followed his advice and engaged in short positions likely found themselves in substantial profit. The crypto market often toys with news events, aiming to confound traders until they capitulate.&nbsp;</p> 
<p>It’s precisely when exhaustion sets in that we foresee a pivotal event: the <a href="https://cryptonewsland.com/sec-delays-decision-on-major-bitcoin-etf-applications/" target="_blank" rel="noreferrer noopener">approval of the Exchange-Traded Fund (ETF)</a> that could trigger a significant bull market, expected to arrive around mid-2024. Understanding this larger picture is key to navigating the coming months successfully.</p> 
<h3 class="wp-block-heading" id="h-bearing-down-for-september">Bearing Down for September</h3> 
<p>In the immediate future, he anticipates a period of sideways consolidation until next week. This week appears relatively tranquil in terms of trading volume and data releases. We’re closely monitoring two liquidity pools around the $28,500 region, coinciding neatly with the Moving Average (MA) indicators MA50 Daily and MA100 Daily.&nbsp;</p> 
<p>Additionally, there’s a liquidity pool at approximately $25,<a href="https://cryptonewsland.com/bitcoin-accumulation-surges-at-30200/">200</a>, suitable for rapid, short-term long scalping strategies with swift profit-taking. Given the current bearish market conditions, it’s unwise to hold long positions from $25,200 for an extended duration.</p> 
<p>In fact, he says it is essential to grasp the concept of quick scalping versus longer-term swing shorts. To clarify, $28,500 serves as a clear short signal for the mid-term, while $25,200 is a short-term long signal. Our recent calls, such as the $28,000 and $30,500 short signals, have proved profitable for those who heeded them.</p> 
<p>More so, <a href="https://cryptonewsland.com/can-bitcoin-defy-the-expected-september-slump-bulls-eye-25400-for-rally/" target="_blank" rel="noreferrer noopener">September holds a notorious reputation</a> as the worst month for both traditional stocks and Bitcoin. Ignoring historical trends could lead to significant losses. When examining the charts, liquidity, market psychology, and the BTC cycle, all signs point downward. He warns of accounts promising a new bull market after news like <a href="https://www.blackrock.com/us/individual" target="_blank" rel="noreferrer noopener nofollow">BlackRock</a>‘s ETF announcement. In reality, we’re still far from entering a bull market.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/spains-oldest-metal-refinery-launches-tokenized-gold-silver/">Spain’s Oldest Metal Refinery Launches Tokenized Gold, Silver</a></li>
 <li><a href="https://cryptonewsland.com/sempsa-jp-lbma-good-delivery-refinery-launches-tokenized-gold-and-silver-on-the-blockchain-in-partnership-with-aurus/">SEMPSA JP, LBMA Good Delivery Refinery Launches Tokenized Gold and Silver on the Blockchain in Partnership with Aurus</a></li>
 <li><a href="https://cryptonewsland.com/bitcoins-rise-brings-hope-to-altcoins-as-it-nearly-overtakes-silver/">Bitcoin’s Rise Brings Hope to Altcoins as It Nearly Overtakes Silver</a></li>
 <li><a href="https://cryptonewsland.com/robert-kiyosaki-sounds-alarm-urges-shift-to-real-assets-and-bitcoin/">Robert Kiyosaki Sounds Alarm: Giant Crash Imminent, Urges Shift to Real Assets and Bitcoin</a></li>
 <li><a href="https://cryptonewsland.com/bitcoins-boring-sideways-movement-around-30000/">Bitcoin’s Boring Sideways Movement Around $30,000, Lower Pool in Sight</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/silver-tongued-crypto-market-analyst-shares-latest-report/">Silver Tongued Crypto Market Analyst Shares Latest Report</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Silver Tongued Crypto Market Analyst Shares Latest Report

Spis treści

Crypto News Land

Inne artykuły opublikowane 4 wrz 2023

Chainlink (LINK) Fell 14%; Is More Downside Pending in LINK?

WBA Stock Crashes Amid Walgreens CEO Rosalind Brewer Steps Down

MakerDAO Chooses Solana Codebase for NewChain Upgrade

XRP Is In A Range But Trading Steadily Above $0.50

LSE Plans Pioneering Blockchain-Based Digital Markets Venture

Enhancing the Web3 User Experience: XION’s Strategic Alliance with Osmosis

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!