HundredX Trading

BITCOIN DUMPING SOON? As we can see Bitcoin has a huge amount of liquidity below $26.000 which makes it an easy target for market makers to dump Bitcoin lower but we also still have some liquidity above $28.500. The current price is stuck in a trading range between these two liquidity zones and the news for inflation on Thursday could move the market towards these zones. We expect the price to target the sell-side liquidity below $26.000 sooner or later but the news on Thursday will have an impact on the price possibly taking the buy-side liquidity above $28.500 first.

So far, our expectations for 2023 were on point 🎯️️️️️️

Bitcoin - what to expect from 2023? First of all, we want to thank you all for being part of Hundred X. This was our first year and we're ready for an even better 2023. BTC is closing this year just above the important weekly support of $16 000. If we can go back in time to the beginning of this year, a very small percentage would even consider this level to be reached but that's what the bull market makes you think. In a bull market, you think there's no way the price will ever go down in the future. The same attitude people are having now thinking we will never see a price moving higher in the future because of what we experienced in recent months. The bottom will be reached, sooner or later! Be ready for a different year than 2022 was. We expect a slower market, more like a big range that will be established. We don't expect new all-time highs in 2023. We expect the economy to suffer even more because it wasn't hit by the recent interest rate hikes. This is going to be a tough year. Learn from it, these times teach you more than 10 good years. Don't just complain that it's tough. Do more research, find good projects, investing at these prices can offer you huge profit opportunities. 🥳 Happy New Year 🥳

BITCOIN - Bearish momentum confirmed 📉 As we can see, Bitcoin closed below $27 200 and created strong bearish momentum in the market. We expect to price action targeting $24 800 as the next level of interest. If that level doesn't hold, we're looking at $23 300 as the next level of support. We will be focusing mostly on the short trades until at least $24 800 is reached. Then, based on the price action, we might change the plan.

BITCOIN MONTHLY TIMEFRAME Today is the last day of August and it will be a tough battle between bulls and bears. If we close below $27,200, we'll have bearish momentum that could target $24,800 in September. On the other side, if we close above $27,200, we might go for one more test of $30,000.

BITCOIN MONTHLY OUTLOOK If we close below $27,200 in August, our main target for September is $23,300. Only a close above $27,200 would potentially save us from seeing $23,300 and potentially lower.

BITCOIN MARKET UPDATE - UP OR DOWN? We're stuck in a trading range between $25 800 and $26 300. Exactly 2 days ago, we tried breaking above $26 300 but we failed and found resistance in that zone. It's time for support to hold as we're testing it last 3-4 hours. If it fails to hold, the next level of interest is $25 600. If that one doesn't act as a support, we can expect another free-fall in the market.

BITCOIN MARKET UPDATE - UP OR DOWN? We're stuck in a trading range between $25 800 and $26 300. Exactly 2 days ago, we tried breaking above $26 300 but we failed and found resistance in that zone. It's time for support to hold as we're testing it last 3-4 hours. If it fails to hold, the next level of interest is $25 600. If that one doesn

BITCOIN ANALYSIS - What happened and what's the next? As we all know, BTC price hit suffered a big decline on Thursday evening falling down from $27 500. Because of a lack of market liquidity, different exchanges printed different bottoms from $25 200 down to $23 000. What's the most possible scenario? We most likely bleed in price a little bit more (possibly today and tomorrow) to collect more shorts in the market. Once it happens, we believe it will be time to squeeze the shorts targeting $27 500 - $27 900 area. Because of the very illiquid market, depending on how many shorts get open, there could be a surprising spike exceeding this resistance zone. In the same way, we had a spike down, there could be a very short-lived spike up (even to 30k). The entire Twitter is bearish. The same people that were calling for $35 000 2-3 weeks ago are calling for $23 000 and lower. Yes, it can happen but why did the market drop in the first place? Was it because of Evergrande's bankruptcy, the fact that SpaceX supposedly sold its Bitcoin holdings, or SOMETHING ELSE? The market dropped because of the huge amount of long positions and low market liquidity. Back in October, we had the real deal (FTX collapse). Now we don't have concrete negative news. Be careful shorting, the short squeeze could be as ugly as the long squeeze. All we need is single positive news that will spark the liquidations of short positions and considering how illiquid we are, this can be huge 4h or daily candlestick. Stay safe, stay out of the crowd! 🙌️️️️️️ Your HundredX Team ❤️

WHEN WILL VOLATILITY COME BACK? If we look at the past, September is the most bearish month for crypto. Last 6 years, we had negative returns on Bitcoin and 5 out of 6 years were negative for Ethereum. However, the month of October was one of the most bullish months for Bitcoin. The volatility is coming. Stay patient! Don't over-risk now on the poor setup. Save the money for the setups with way more chances of going towards your direction. The trading ranges are periods when the risk is the highest and the chances of capturing big moves are the lowest.

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BITCOIN HIT $29 700 🎯 It took Bitcoin less than 24h to go from one liquidity zone to another. We cleared both sides of liquidity and in the next 24h, we'll get more information on where we're heading next.

BITCOIN - The next target? We took liquidity below $28 850 and for now, the reaction is very good. We're expecting price action to target a liquidity pool above $29 700 and test an order block between $29 750 and $30 350. Invalidation of this scenario would be a price drop below $28 700 (the price where we established today's daily low).

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BITCOIN ANALYSIS - Detailed market overview 👀 We witnessed yesterday one more rate hike of 25 BPS which was expected by market analysts. This news spiked the price of Bitcoin to $29 700 where we found resistance. We're currently more bearish than bullish with the first target at $28 850 and the second at $28 400. On the other side, if we close above 0.618 Fibonacci level ($29 800) and order block in that area, we'll invalidate the current bearish momentum. In that scenario, our first target will be $30 450 and liquidity above that area with the possibility of going all the way up to the recent market high at $31 800.

BREAKING: 🇺🇸 Federal Reserve raises interest rates by 25bps, a 22-year high.

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BITCOIN - UP OR DOWN? Exactly a week ago, we were exactly at the same level and nothing major changed. We were able to take the liquidity yesterday evening that accumulated last 3 days above $30 050 and that move found resistance in an order block between $30 150 and $30 400. The amount of liquidity below $29 500 is getting bigger and bigger. The longer it takes for that potential drop, the more impulsive it could be (if happens). We're currently still slightly more bearish than bullish.

LITECOIN HALVING IS COMING, SHOULD WE BUY? Exactly 2 weeks ago, when everyone was calling for $130-150, we sold second part of our investment at $109 that we bought at $80. We believe the halving is priced in and that we already saw the high of this LTC halving cycle. Our expectations are that LTC will hit weekly support ($75-77) in the next 3-5 weeks. For the next 24 hours only, we're slashing our monthly subscription price by a staggering 50%! Unlock insider trade and investment ideas like this one and gain an edge in the financial world. Don't miss this limited-time opportunity! ⏳🔔 Click here to join us and seize this incredible offer now! DISCOUNT CODE: HUNDREDX50