BTCUSDT | Flash Crash, Recovery, Range | Near Term (30MIN)
2024-11-28

BTCUSDT | Flash Crash, Recovery, Range | Near Term (30MIN) 
 
 Thanksgiving, a break in retail typical routine for trading, and a general lull in attention. Easy targets for stop loss hunting and cascading liquidation points while everyone is busy, feeling safe and overly confident with their high leverage massive profits altcoin positions thinking surely this won't ever fall back down to this price again, I'm good. A quick 10-15% correction of BTC, if done quickly enough, coordinated with a targeted dumping of altcoins to stop loss and liquidation points, will cause a cascading liquidation and 40-60% flash crash for ALTs. Whales will be waiting to swoop in and accumulate one last time at these discount lows in one last asshole move before the new year and an altcoin season proper to kick off. Should this play out I'd think BTC will range through NOV into the 2nd or 3rd week of DEC, before finally picking up momentum after the FOMC meeting and or Christmas, and god candling through 100k to FOMO suck in all of retail, and kick off the bull run in earnest.
 Couple this with the fact that Black Friday, Cyber Monday, Christmas, and then US Taxes are all inbound. Not sure about others, but for me this meant realizing profits, closing my overall 833% up futures positions and withdrawing funds to the bank. 
 

This exact time last cycle. 



 BTCUSDT | Flash Crash on ALTs 40-60% | Near Term (1D) 
 
 I am thinking that in just a few hours we're going to see the next leg down, before a Thanksgiving day hard bleed down on BTC.
 This will cause a flash crash on ALTs 40-60%, with over leveraged long retail hopeful on altcoin season.
 Whales will induce this to cause mass liquidations and stops being hit, just to get the liquidity at lower levels, to then load up, ahead of month end for December
 

