Market Clearing Liquidations between $107k-$108k before $112k.

JUST IN : 🚨🚨 James Wynn just got liquidated for $100M as the price of $BTC dipped below $105,000.

@News_Crypto

The market has been pumping and dumping around his position, and now he’s been liquidated. Now Possibility of breaking out of this range soon.

📊 BTC is down approx 33% against ETH since mid-April.

It is now about to lose the 200-Day EMA support against ETH.

BTC/ETH break below the 200-Day EMA would be bullish for ETH and altcoins.

📊 As long as $ETH stays above the 200-Day EMA at $2,400 and $BTC remains above the 50-Day EMA at $100K,

These strong support levels suggest a potential bullish trend with possibility of bounce.

Holding swing LONGs as long as they hold these important support levels.

Now the market can finally take off.

📊 Altcoins Market Cap is consolidating for last 30 days in a range above 200 and 50 Day EMA.

Once altcoins break free from this gravitational zone, it’s a smooth shot to the moon. 🚀

Swing LONG with 3x-5x Leverage.

Altcoins are going to start uptrend within a week.

Capital is rotating into ETH.

Strong ETH Inflow Despite BTC Outflow.

Heavy Profit Booking in BTC.

$BTC is about to collapse below 200 Day EMA Against $ETH.

🚨 James Wynn is influencing retail investors to buy or go long.

So that whales can get exit liquidity without causing a major price drop.

$ETH holding strong above 200 Day EMA.

$BTC holding strong above 50 Day EMA.

Still Bullish 🚀

$BTC has been trading within a 10% range, and altcoins within a 20% range over the past month. A breakout from this range could provide good trade setups.

Due to this choppy price action, we recommended swing longs with low leverage to avoid getting caught in the fluctuations.

📊 The average spot trading volume on CEXs has dropped to October 2020 levels.

Coins are not being sold on spot or moved on-chain.

The market has shifted into HODL mode.

📊 Alts have started their uptrend as expected within week.

This rise is likely to take to the new market top within just two months.