Why do you ask everyone to liquidate their BTC and ETH?


The reasons given by an 8-year-old veteran are as follows:

1: BTC weekly chart shows a top divergence, with a weekly death cross. Even if it rises, it will still be a second divergence on the weekly chart. Historically, those who have sold at the weekly top divergence are all exceptional individuals.

2: Currently, it is the end of the bull market, with a huge bubble. It is expected to peak in November. We can't sell at the highest point, but selling in the high range is very okay. The tail end is left for others, after all, it has thorns.

3: Currently, the last favorable factor is the interest rate cut. After the largest liquidity boost in September when the interest rate is cut, there will be no major narrative hype. Everything relies on large funds to maintain the rise. Once the interest rate cuts stop, we will have to raise rates and enter a bear market, leading funds to withdraw from gold, the stock market, and deposit them into interest-bearing financial products in banks.

4: Once sold, do not bottom-fish in spot anymore, only do intraday short trades, otherwise, you will eventually be deeply trapped, as the bear market has arrived, and it’s all about weekly horizontal distribution of chips continuing weekly declines. In the end, at the end of the bear market, there will be a golden pit appearing again to push prices down and trigger stop losses for bulls before rising. We will only dollar-cost average into spot when the weekly chart shows a bottom divergence #加密市场反弹# .
BTC1.6%
ETH-0.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)