Men In Crypto🚀 (MIC)
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This is frustrating!
We hope everyone are safe in wherever part of the globe you guys belong to Our aim will be to "Build Back Better"
✅️ Can BTC break through resistance and provide some relief ? - React with a ❤️ if you think yes. - React with a 👍 if you think No. Lets see how you all are positioned in this market ?
✅️ Bitcoin has never been this oversold in its entire history ! ❌️ Don't look at the charts much if you ain't an active trader, buy coins that have a good long term value ✅️ Otherwise sit calmly, don't panic, continue learning !
🔴 $BTC- Closed below 200 weekly EMA and dumped immediately
BREAKING: 🇺🇸 US Supreme Court rules out Trump's tariffs illegal. This is good for bitcoin.
$BTC- Somehow still holding 200 weekly EMA. ✅️ Still no buy volume coming in here meaning we might go lower first before staring a fresh uptrend. ✅️ But one major positive is that its in the oversold category on weekly time frame that historically is a very good buy zone for long term. ✅️ On the flip side if it bounces from here then targeting 85k 100 weekly EMA
✅️ Altcoin ETFs for $SOL and $XRP had positive net inflows last week unlike BTC & ETH - Net Outflows: • BTC: - $359.91M • ETH: - $161.15M - Net Inflows: • SOL: + $13.17M • XRP: + $7.65M
✅️ Whales have been accumulating massive amounts of Bitcoin during recent drop. “On February 6th, 66.94k BTC in-flowed to accumulator addresses. This was the largest inflow amount in this cycle.” Credits- CRYPTO QUANT ✅️ Hold BTC in spot. Everything else is a trash !
$BTC - So far managed to defend the EMA200 on weekly time frame. ✅️ But no strong bounce from it as of now ! ✅️ For now keep a close look at EMA 200 Weekly until we make a big volume move upside or downside.
$BTC needs defend the 200 weekly EMA by closing above 68k for this week. ✅️ Keep a close look
🤯 Michael Saylor's Strategy is now in a $2.3 billion dollar unrealized loss on its Bitcoin investment. ✅️ And you are worrying about your few hundreds 🙌
$BTC- Continues to slide amid ongoing macro uncertainty and GOLD run. ✅️ Around 76k ( current levels ) should act as support on weekly as its Michael Saylor's average buy ( fundamental support ) ✅️ Otherwise next major support is around 68k ( 200 weekly ema ) ✅️ And don't call it a bull market until we move above 95k ( 50 weekly EMA )
✅️ BITCOIN at Michael Saylor's average purchase price 👀 ✅️ Daily RSI ( 14 day ) is 22 that is highly oversold territory.
- Record shattering correction in Gold and Silver yesterday. - Now waiting for those profits to shift into BTC in the coming weeks
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🇺🇸 President Trump is preparing to nominate Kevin Warsh as the next Fed Chair, per Bloomberg. ✅️ Again another reason why market is dumping. When the official announcement comes, Expect volatility om both sides
TOTAL CRYPTO MARKET CAP- ✅️ Nicely holding the uptrend despite macro uncertainty
We've got a ✅️ New ATH for Gold. ✅️ New ATH for Silver. ✅️ New ATH for S&P500. 🔴 4 year low for the Dollar. Bitcoin should be next !