저자: LuckSideCrypto · 외국인
요약 보기
BTC 하락으로 ADA가 주요 지지선(28센트) 하회, 현재 약 27센트. 레버리지 청산 9.5억 달러(롱 약 8억 달러). BTC 20% 하락, 클래리티법 불확실성과 미-이란 긴장이 요인. 2주봉 볼린저밴드 하단 이탈은 과거 바닥 신호였다는 주장도 언급하나 방향 확신은 없음. 알트코인 동조화가 강해 ADA 하락이 제한될 수 있다고 봄. 발언자는 예측 불가를 강조.
다듬은 글
It seems crazy to me that we keep running into the same things over and over again and they're the exact things that have plagued the crypto market uh in near-term. We've opened up again on a red note this morning. We've fallen below some significant support in terms of BTC uh in terms of ADA here. And the question is is obviously what comes next and we will talk about that in this video.
So again, if you are new or haven't already, show your support for the channel down below. Hit that subscribe button, that bell. It's free to do. It'll keep you updated anytime there's new content live here on the channel. So this is the 15minute chart for ADA and we can see that it had been holding up above that longer term trend was actually looking pretty good.
Tested it a bunch of times over the last 24 hours. Tested it on Tuesday obviously after we breached this uh back on Sunday and Saturday the sell-offs that took place there. But unfortunately this morning we did [clears throat] in fact breach support. We fell down below this 28 cent level like we were talking about and we currently sit down around 27 and a quarter to begin the day.
We did actually um or I guess not begin the day but here at about 6 a.m. Central Standard Time after actually breaching 27 cents. BTC is the leading cause of this. BTC has just continued to hemorrhage and hemorrhage and hemorrhage. It's actually down 3.75% for for the day. And since last Thursday, BTC is down 20%.
This has been the single most biggest issue in the crypto market. And again, it it comes back to one specific thing, uncertainty. It sounds like we are again fighting some headwind when it comes to the Clarity Act in Congress because of the entanglements of some of the we'll call them upper management.
uh that that's where we're getting some of the biggest push back and it's a question of obviously will that hold this up. Uh another thing as well again escalating tensions with US and Iran. All this stuff is going to sound pretty familiar because again we keep going around the merrygoround doing the same damn thing over and over again.
And what exactly does this lead to? Leverage liquidations across the crypto space over the last 24 hours. $955 million worth of of leverage liquidated across the crypto market. almost 800 million of that on the long side. And you guys can see I mean a pretty decent portion of this was in the last 12 hours.
So the overnight the overnight is has kind of killed us in the charts yet again. And apparently we should have taken the inverse Kramer more seriously. Uh cuz when Jim Kramer spoke back on February 1st, he said with Bitcoin at 77K, I figure the buyers come in and all move it back to 82K. Did not happen.
BTC has just been kind of a straight straight shot down and to the right during that time. So that's that's why we're having such problems in the crypto market. And we're looking at BTC right now. It looks like we're getting sucked back down to those levels that we were seeing throughout most of 2024 as BTC consolidated after hitting a new all-time high before the having um before obviously the the new administration took office.
Now here's what I will say is it could be a lot worse. It might still get worse. There there is always that possibility, right? If BTC does does continue crapping the bed because it has broken some significant support. It broke below the 71k level which was very significant. We might be again headed down to close some of those CME gaps in the the higher 60s.
We don't have to do that for sure. Um but why I'm saying things could be worse is if we take a look at BTC dominance, we're not really watching, you know, this massive altcoin capitulation, if that makes sense. Yes, it sucks. Yeah, I hate seeing red in the crypto market, but if you haven't noticed, we're really just watching uh the tide that raises and lowers all boats, if that makes sense.
So, that is at least the promising thing we're seeing in the crypto market. That's not my positive spin. It's just showing you that right now because of LPS, we're just rising and lowering, rising and lowering all all together. Some worse than others. Obviously, ADA being down, you know, about 5% for the day.
So most things down a little bit worse than BTC, but BTC down 4%. We're we're seeing a pretty strong correlation uh amongst most assets in the crypto space. So does that in fact slow down ADA's potential drop? It definitely could. Um I will say this is a new low that we're seeing here. So we're again getting back into some levels we have not seen in a very very long period of time.
So not since all the way back in, you know, 2023. So again, we're going to have to just be patient and wait things out. Uh I will say there's two things I want to mention here briefly. Institutional Money did do some selling yesterday. So that has not been a a friend of ours as of late as we know that uh Institutional Money has been on a heavy capitulation spree.
You guys can see the daily here. Uh red red red a lot of it over the past gosh what is that since uh since November. Go figure. That that's just been the consistent theme. And I did want to point to something else here as well. This was actually a post by the great Matsby said, "Here's an observation that welcomes all bears and haters to criticize.
This is the two-week chart. Every time the price has gone below the lower bowlinger band since 2014, it has marked the bottom or very near the bottom before before [clears throat] a strong recovery. We are below it now. So, just kind of taking a look back at some of these historical or historic uh points.
One was all the way back here in basically mid 2022. We obviously know that uh FTX made things pretty pretty ugly in the space uh in 2022. Saw this back here in the COVID crash in 2020. Saw this back here um at the bottom in 2019. And again saw this here uh back in 2015 as we wick down below the [clears throat] bottom of this bowlinger band.
So just kind of an interesting uh catch there because again we are experiencing that right now. And like I talked about uh in gosh, what video was that? Uh my video crypto nearing the local bottom. I think everybody should check that out. Um I I talked about some things that are actually aligning with what we have seen historically speaking.
Is this again kind of another wash out to to try to get some of the last people to capitulate and again it seems like we're not seeing a crazy amount of that. It's just again BTC just ra rising and lowering with with some leverage in the market with some isolated selling and then we're just kind of waiting for the moment that that stops.
So and again it's a question of when that is going to be and guys I don't have the answer. Like I said before, I'm not a prophet. I don't have a crystal ball. I'm not from the future. Nobody knows where the direction of things are are going to head to. Uh but obviously right now we're in a st a distinct downtrend.
Uh and just as aggressively we got down here, those things can reverse. That that possibility is there. We've seen that even uh as of just you know a month or so ago. So I appreciate you guys. I hope you enjoyed the video. Let me know your thoughts below. Do you think we're going to continue on this red note?
Will is this kind of a big exaggeration from the market before things flip the opposite way? But have a great day. Catch you guys in the next one.
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