Kingsteve:
BREAKING: U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years.

After the release of that report, in seconds; BTC crashed to a lower low of 18.9k from the previous low of 19.2k

This new low is hovering around the previous key support of 18.6k

If this new support holds the onslaught, I expect short term buyers to buy the dip and exit at strong resistance areas.

Personally, as soon as I notice some strong buying pressure, I'd go long and grab what I can.

The following days will give us a clear indication where the market goes from this support.

Who still dey doubt TA?
Just like I expected, traders have swooped in to buy BTC and select altcoins on a discounted price after that drastic drop!


And yeah...I opened a long in Shiba.
Currently on 2.2% in profits.
BTC's reaction to lower resistance within the DI timeframe will determine if I close my position or hodl for more profits.

If today's high is broken, and previous higher supports holds without falling back, expect a momentum to build from here.

I'll be watching closely to know when to pull out, or hodl for more gains.

Image 1: Shiba
Image 2: BTC
Notice the long wick being left behind.
That's a good sign the support is doing its job!

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Today we entered pump and dump trade (VGX) AT 0.450, N TOOK PROFIT AT $0.8, n it punped to $1.. IT WAS A PUMP N DUMP UPDATE.. I remembered just days ago few nairalanders contacted me about my whatsapp group n I told them we get pump n dump updates too. Every single person I told about the pump n dump signals disappeared, one called me a scammer before ending d chat.. Well.. We made 70% today.. There'll be another pump n dump in less than an hr.. I'll share that update here for free..

Buy PIS TARGET 200%

Misturman:
Buy PIS TARGET 200%

It was the fastest pump n dump.. I only swept 40% tho.. A good day still

Hope y'all out of the coin.. More signals coming tonight. Stay tuned

Crypto is very manipulative and very few people control the market (The feds, The Money bags people) Just before CPI result was released, some smart money bag with first hand information already knew the outcome, they knew the price will fall. So they shut the market down.

Technical Analysis is for Retails Traders not for Institutional traders.

Kingsteve:



Who still dey doubt TA?
Just like I expected, traders have swooped in to buy BTC and select altcoins on a discounted price after that drastic drop!


And yeah...I opened a long in Shiba.
Currently on 2.2% in profits.
BTC's reaction to lower resistance within the DI timeframe will determine if I close my position or hodl for more profits.

If today's high is broken, and previous higher supports holds without falling back, expect a momentum to build from here.

I'll be watching closely to know when to pull out, or hodl for more gains.

Image 1: Shiba
Image 2: BTC
Notice the long wick being left behind.
That's a good sign the support is doing its job!

How possible is it for exchanges to implement certain % tax of transactions on lunc network to burn it out of the circulating supply?

Sure say no be to bag the least $50-100 lunc keep am aside

Omobola121:
Crypto is very manipulative and very few people control the market (The feds, The Money bags people) Just before CPI result was released, some smart money bag with first hand information already knew the outcome, they knew the price will fall. So they shut the market down.

Technical Analysis is for Retails Traders not for Institutional traders.

To be honest with you, I don't know about institutional traders, but what I know is that TA is a prerequisite for traders.

About what you explained...
Well, any serious minded trader who takes FA seriously, ought to know the CPI would be higher than the previous one which was at 8.6%
But it was expected to increase to 8.8% or thereabouts.
However, it shocked everyone and increased to 9.1%, highest in 41 years, which caused the markets to crash almost immediately the results were out.

Traders are usually speculative.
So what most advanced traders did before the results were out, was to short the expected negative results since the beginning of the week, which we all experienced.

When the CPI numbers finally came out, the results were worse than expected, which sent the markets tumbling to new lows.

The new support at 18k weathered the storm, which prompted traders to buy low, and that is why BTC is on the up once again.

I expected all of these to play out...no surprises!
TA is primary, while FA secondary...in my opinion though!

Kingsteve:


To be honest with you, I don't know about institutional traders, but what I know is that TA is a prerequisite for traders.

About what you explained...
Well, any serious minded trader who takes FA seriously, ought to know the CPI would be higher than the previous one which was at 8.6%
But it was expected to increase to 8.8% or thereabouts.
However, it shocked everyone and increased to 9.1%, highest in 41 years, which caused the markets to crash almost immediately the results were out.

Traders are usually speculative.
So what most advanced traders did before the results were out, was to short the expected negative results since the beginning of the week, which we all experienced.

When the CPI numbers finally came out, the results were worse than expected, which sent the markets tumbling to new lows.

The new support at 18k weathered the storm, which prompted traders to buy low, and that is why BTC is on the up once again.

I expected all of these to play out...no surprises!
TA is primary, while FA secondary...in my opinion though!

You talk too much

95% bullshit

Thank you for the explanation. I grab.

Kingsteve:


To be honest with you, I don't know about institutional traders, but what I know is that TA is a prerequisite for traders.

About what you explained...
Well, any serious minded trader who takes FA seriously, ought to know the CPI would be higher than the previous one which was at 8.6%
But it was expected to increase to 8.8% or thereabouts.
However, it shocked everyone and increased to 9.1%, highest in 41 years, which caused the markets to crash almost immediately the results were out.

Traders are usually speculative.
So what most advanced traders did before the results were out, was to short the expected negative results since the beginning of the week, which we all experienced.

When the CPI numbers finally came out, the results were worse than expected, which sent the markets tumbling to new lows.

The new support at 18k weathered the storm, which prompted traders to buy low, and that is why BTC is on the up once again.

I expected all of these to play out...no surprises!
TA is primary, while FA secondary...in my opinion though!

His response here wasn't for you. I personally quote him. Chilax

Born2winnx:


You talk too much

95% bullshit

$ETH
$BTC
& crypto index.

What do you guys think will happen next? Help*

seankafor:
How possible is it for exchanges to implement certain % tax of transactions on lunc network to burn it out of the circulating supply?

Sure say no be to bag the least $50-100 lunc keep am aside

Currently I I'm holding 3million lunc.. Safely in my metamask wallet... Something massive will still come out from lunc

Kingsteve:


To be honest with you, I don't know about institutional traders, but what I know is that TA is a prerequisite for traders.

About what you explained...
Well, any serious minded trader who takes FA seriously, ought to know the CPI would be higher than the previous one which was at 8.6%
But it was expected to increase to 8.8% or thereabouts.
However, it shocked everyone and increased to 9.1%, highest in 41 years, which caused the markets to crash almost immediately the results were out.

Traders are usually speculative.
So what most advanced traders did before the results were out, was to short the expected negative results since the beginning of the week, which we all experienced.

When the CPI numbers finally came out, the results were worse than expected, which sent the markets tumbling to new lows.

The new support at 18k weathered the storm, which prompted traders to buy low, and that is why BTC is on the up once again.

I expected all of these to play out...no surprises!
TA is primary, while FA secondary...in my opinion though!

The boss I greet you, carry on.

Allsmilez999:
$ETH
$BTC
& crypto index.

What do you guys think will happen next? Help*

I Don know the future, people who know the future will come very soon.

Goldbw122:

I Don know the future, people who know the future will come very soon.

I dey wait.

This one guy quoting himself with alt account and typing huge walls of texts in the name of TA analysis, what exactly is the colour of your problem?

Goldbw122:

The boss I greet you, carry on.

Lol.
No shaking!

Where are those people always talking about trading shitcoins?

Those people wey don turn poocoin to their house... Na for bull market we dey see una...

Red dey now, all of una enter hole.

Those wey dey find people to create token nko, where una dey?una token idea don vanish or wetin happen

DenreleDave:
Where are those people always talking about trading shitcoins?

Those people wey don turn poocoin to their house... Na for bull market we dey see una...

Red dey now, all of una enter hole.

Those wey dey find people to create token nko, where una dey?una token idea don vanish or wetin happen

You too like vawulence ahn ahn
Nobody Dy research gem again
Nobody Dy read white paper
Nobody Dy drop x100 call

All the comrades don stay out of market
Oh how I miss bull run

Free signal... Buy KMD sell at 0.41

Misturman:
Free signal... Buy KMD sell at 0.41

Thats around 10% profit (scalp)

Buy VGX SELL AT 0.85.. That's a 46% pump...

Done with free signals for the night

Misturman:


It will still pump to $1 again.. But for now I'm good.. Trade any further at ur own risk

this coins no Dey Binance nor KuCoin ?

Humphery09:
this coins no Dey Binance nor KuCoin ?

No sorry I forgot to add the exchange. That particular one is on hotbit..

Misturman:
Buy VGX SELL AT 0.85.. That's a 46% pump...

Done with free signals for the night

Congrats to those that bought.. We took profit last night.. Yesterday was a big win..

Experts from d market intelligence firm, Glassnode - are saying the market may have to fall further "to fully test investor resolve, and enable the market to establish a resilient bottom." d bears are trying to flip support to resistance, CPI reports ATH hikes, incoming fomc meetings july 26th, some majors(eth, leo, sol, etc.) shifting out of their bullish symmetrical angles chart setup. We should be aware of bull traps! In the coming days, just saying...

Kingsteve:


To be honest with you, I don't know about institutional traders, but what I know is that TA is a prerequisite for traders.

About what you explained...
Well, any serious minded trader who takes FA seriously, ought to know the CPI would be higher than the previous one which was at 8.6%
But it was expected to increase to 8.8% or thereabouts.
However, it shocked everyone and increased to 9.1%, highest in 41 years, which caused the markets to crash almost immediately the results were out.

Traders are usually speculative.
So what most advanced traders did before the results were out, was to short the expected negative results since the beginning of the week, which we all experienced.

When the CPI numbers finally came out, the results were worse than expected, which sent the markets tumbling to new lows.

The new support at 18k weathered the storm, which prompted traders to buy low, and that is why BTC is on the up once again.

I expected all of these to play out...no surprises!
TA is primary, while FA secondary...in my opinion though!

Correct! TA is king.

Another day for scalping

Elliotwaveforec:

Correct! TA is king.

I laugh at people saying TA isn't useful it crypto trading.. The sane TA we feed with? The same TA we use in enriching others??