BTCUSDTPERP
📊#BTC witnesses history, have you survived❓💥The crypto wave reaches its peak as we break through all-time highs, and what follows is a huge dump. Some are happy, some are sad, and human nature is fully demonstrated in this trading market. Trading is not gambling. You must know how to respect the market and consider risks first and then profits, so risk management is essential.💯
🧠From the perspective of the weekly level structure, after breaking through the historical high, the cup-and-handle bullish structure was established, which means that the space above has been opened, and the future is still a bull market. However, after we reach the weekly level target, there is no There is an adjustment to the corresponding level, so I hope there will be a weekly level correction. The area between the two necklines is regarded as the best buying area and deserves attention.👀
➡️From the perspective of wave theory, we may reach 135k-175k in the future🎯
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📊#BTC breaks out again, can it successfully break through ATH❓🎊Glad the market developed as expected and congratulations to the winners who followed Wolf King’s perspective and participated.🎉🎉🎉
🧠We pumped according to the ascending triangle. If you go long based on this point of view, you can lock in profits or close the position in time. Because the target area of this bullish structure has been reached, I don’t know whether it can continue to rise and break through ATH. There is no need to guess, just stay patient. Of course, you can also choose to retain part of the position in anticipation of the possibility of a breakthrough. Just decide based on your own risk appetite.✔️
➡️If the breakthrough is successful, I will look for long opportunities if there is a correction in the future.
➡️If the breakthrough fails and a short structure above the 1-hour level is formed, then I may change my bullish thinking.
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📊#BTC may continue to rise based on the ascending triangle📈🧠We have been consolidating in the target area for about 4 days. Graphically, we have formed an ascending triangle. If we successfully break through the inflection point, then this bullish structure will be confirmed. If there is a pullback, it will be a suitable buying opportunity.👀
⚠️Note that since we are within the daily level target zone, bullish calls need to be as conservative as possible.
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Bitcoin Mega Bullish 58K InComing I see nothing between 43500-58k.
Everyone Bearish right here.
I will long the claim of 43500 targeting 57k.
The more it holds the more things turning Bullish in timeframes.
Clean Invalidation of this long idea is breaking below 41500.
So I'll definitely try a long if price comes towards 42k else I'll wait for the 43500 retest.
Clean and clear rejection from downside.
Slight upside will push it in high liquidity and massive Level.
Note: Not a Financial Advice.
📊#BTC may enter a complex consolidation phase⚠️➡️After we complete the daily level target, we are expected to have daily level adjustments, so we try to maintain a cautious attitude in the D1 zone.
🧠In the coming time, we are likely to consolidate here for a period of time. Complex consolidation means that the wear and tear will be more serious, so I will not continue to do long here.
➡️If there is a good short structure, I will pay attention to short-selling opportunities. If we choose to directly break through ATH, then I will look for long-selling opportunities after the pullback.👀
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🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰😱Bitcoin surprised everyone in the last two days ( without any correction ) and increased by more than ➕25% . One of the biggest drivers of Bitcoin to increase again was MicroStrategy .
🏃♂️Bitcoin is currently moving at the 🟡 Potential Reversal Zone(PRZ) ($65,120_$56,300) 🟡and the Resistance line (we also saw the 🐮 Bull Trap 🐮).
🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing wave 5 .
💡In general, the distance between the Price of Bitcoin and the SMA(100) has increased, and the correction can probably continue until the SMA(100) .
🏃♂️ Market Cap BTC Dominance% (BTC.D%) has entered the 🟡 Potential Reversal Zone(PRZ) 🟡, and I expect a correction to the Support line .👇
🔔I expect Bitcoin to decline to the 🟢 Support zone($57,580-$56,320) 🟢 and then attack the Support line .
❗️⚠️Note⚠️❗️ : So far, Bitcoin has not touched its All-Time High(ATH) before halving. Can Bitcoin touch $69,000 before Halving ❗️❓
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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What can we expect in the cryptocurrency market in 2024-2026Today we have a rather interesting article with a lot of food for thought
Let's talk about the total capitalization of the crypto market.
In 2021, when the BTC price peaked at $ 69K, the total capitalization of the crypto market was $3 trillion
Yesterday, the BTCUSDT price touched $ 64K, almost reaching ATH, and the total capitalization of the crypto market is $2.25 trillion, which means that it is roughly speaking "behind" by 30%.
This can only mean that altcoins are just beginning to "break out" and the real "Bull run" is still ahead.
We have been in the cryptocurrency market since the end of 2016 and have "survived" many cycles in the market, and believe me, there will come a time when altcoins will shoot 30-50-100% per day in dozens, not just a few as it is now, and your eyes will run away in not understanding what to buy next, because everything is growing) Now we are just warming up.
What can happen next?
Further, the price of BTC can, for example, go into a broad consolidation in the range of $30-70k.
The "small money" will say wow, consolidation with a corridor of 100+%, and the "big money" will meanwhile take Bitcoin from the "weak hands" on fluctuations and accumulate their reserves.
Since the big money will not sell their BTC, they have a very effective tool to pump coins - buying altcoins in pairs with BTC. At this point, the price of altcoin/usdt will skyrocket exponentially.
If we look at the chart of the total capitalization of the crypto market, you can clearly see one pattern: from the moment of BTC halving to the maximum value of the total capitalization of the crypto market, 183 3-day candles pass. That is, roughly speaking, a confident bull run in the crypto market has already lasted for 550 days twice.
You might say that we can't compare these periods because big money is now entering the cryptocurrency market, and they will continue to drive the market.
But most likely, you have not been in the crypto market for long and do not remember what the narratives were in the previous cycles:
- In 2017, the market was mainly "rocked" by ICOs and pioneering venture capital funds entered the crypto market. If I'm not mistaken, ETH was sold at ICOs at either $0.30 or $0.50, and today it has reached $3500 - and this is probably the "most tenacious" project from this period.
- The entire 2018-2019 Internet space was teeming with reports that Bakkt would enter the cryptocurrency market and revitalize the crypto market and push for ATH updates. But no!) The crypto market was revived only in 2020, and then at the expense of retail buyers, at the expense of cash payments to the population to combat Covid-19. By the way, check out the movie Dumb Money, which reflects the events of the time when retail buyers punished hedge funds that were shorting the growing market! As they say, you can't go against the masses)
- Then in 2020-2021, there were the narratives of IEO, Defi, NFT, Elon Max with tokens and tweets that drove the market. There was something else, please add to the comments.
- And now it's 2023 and a new growth cycle with the main narrative at the moment - BTC ETFs and the entry of large funds like BlackRock into the crypto market.
By the way, at the end of 2022, we released the two ideas that this is probably the bottom and it is definitely worth buying:
1. How much can the Crypto market capitalization grow by 2025 at Nov. 2022
2. Bitcoin & Cryptocurrency results of 2022 and plans for 2023-2025 at 30.12.2022
Despite the mega rise in the price of BTC in 2024, Google trends suggest that the peak rush for search queries like in 2017 and 2021 is still very, very far away.
We also have a personal gut feeling, comparing to previous periods, that "strong hands", as they like to call themselves, who have sat for 2 years with a mega deposit drawdown of -60-80% and are now selling their assets at entry points.
And the "fresh and new money" is still "little" in the cryptocurrency market, perhaps it is already expensive?
Also, it's been a long time since the market has been nightmarized by news like possible large sales of BTC: Silk road, which was confiscated by the United States, MT Gox payments, FTX payments, and so on. As they say, let's be careful!)
If we believe the blue fractal that we have depicted on the idea's chart, the cryptocurrency market may soon begin to correct with a decline in the total capitalization of the crypto market.
But not super deep, only -30% to $1.5-1.6 trillion . Moreover, this does not mean that the entire crypto market will fall "like a stone down." Alternatively, the price of BTC, which now accounts for more than half of the crypto market capitalization, may show the largest proportional correction. Meanwhile, altcoins will adjust quite adequately in price, and then may be sharply "pumped" by pouring BTC or ETH into them.
Also, according to this fractal, this time the growth cycle may take longer than 550 days and last until the end of summer 2026.
Well, write in the comments what you think will happen to the crypto market in the coming months?
You can also put "like" the idea to subscribe to it and watch it develop together. And we will write our comments as the price moves.
📊Will #BTC break through ATH❓🧠Theoretically speaking, this possibility is already very high, because I also mentioned in my previous post that if we successfully break through the short defense point, it means that the short structure is destroyed and the bull market will come, which means that we There is a high probability that it will exceed ATH.
⚠️Note that this is a highly probable result, but we don’t know what the process is.
➡️Can it go directly to 69k❓
Yes, because there is no short position structure, any increase is reasonable. But I will not buy BTC in the range of 61k-64k.
➡️Will it enter the correction phase first before going to 69k❓
Yes, this is also the result I expect. I don’t know whether it will happen. We can only wait patiently.
➡️From a structural point of view, we directly broke through the D resistance zone and did not form a good short structure in this range, so we did not go short. Good opportunities require patience to find. We will not trade blindly just because we have expectations.
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Forward to 22500Based on the previous analysis method that was done on May 22, 2022 and referred to in this analysis.
Bitcoin has already gone through two 26-week uptrends and a half-16-week uptrend.
In the analysis based on my method, the bullish period of Bitcoin will end in the next 4 days and the bearish period of 10 to 26 weeks is ahead.
The end point of this downward movement will be 22500.
For more information about this method, please contact me.
Bullish Sign For Bitcoin!Bitcoin technical analysis update (Weekly Chart)
Bitcoin's weekly RSI falling from the last 2 years, In December 2020 weekly RSI touched 95 overbought levels, at the time BTC was trading at $42000 after that RSI started falling.
In the above chart, you can see Bitcoin 2 year-long Weekly RSI breakout above its trend resistance line, this is a good bullish sign for bitcoin.
Thanks
Hexa
📊#BTC has achieved the daily level target zone✔️➡️The recent focus has been on ETH, so we did not buy again after giving up the BTC order last time.
🧠However, the expected target area has been successfully achieved. If you follow my point of view and buy, please remember to lock in profits or close the position in time. Congratulations to all the friends who followed Wolf King to print money.
➡️The realization of the macro-cycle target also means that macro-cycle level adjustments may occur. Therefore, it is not recommended to go long in the target area. If there is a good bearish structure, you can try to make some short orders.📉
⚠️Also don’t forget risk management💯
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📊#BTC will continue to rise based on smiley face structure📈🧠As the popularity of the crypto market increases, it seems to be very difficult to fall quickly. A sharp decline or rise requires a process, and also requires structure as a supporting force. Moreover, there are still bullish targets above that have not all been realized, so we are still bullish. The response was good when it hit the support zone during yesterday's decline, and a potential smiling face bullish structure was constructed here, so we have a probability of continuing to break through the previous high. 🚀
Let's see
⚠️Also don’t forget risk management💯
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Gann Angles and Moon PhasesThis is me having fun. I do not claim to be an authority on Financial Astrology.
First issue: Why is the price consolidating at this price range?
I pulled a Gann Fan from the previous bear market low (3,156) to the November 2022 low (15,514). The 1/3 Gann angle is precisely at the current level of resistance.
This fact has profound implications. Why? Because a failure at this junction can take the price to as low as 37K, which is the 1/2 angle. The flip side of this coin is that Bitcoin can break resistance and proceed to make an ATH.
Is it likely? Not likely. Also, the Orange Angle seems more dominant, at least for now.
What about the moon? The days after a full moon are supposed to be bullish, and the days after a new moon are bearish. Simplistic, I know.
Let me suggest a possible scenario: Bitcoin breaks above the current consolidation range (Bull Flag) and makes it to 62K, which is the orange Gann angle resistance. After that, the new moon takes over, and we will begin the correction period, which will last until after the bitcoin halving (Buy the rumor; Sell the news). The yellow and orange Gann angles could provide support. 53K in the bullish scenario. 44K in the less bullish scenario.
This is an exercise in free thinking and extrapolation. Please take it for what it is.
Best Wishes
Pi Cycle Indicates The Bottom of Bitcoin.Pi cycle indicator has shown a bottom signal in July month, that’s the third time in the history of bitcoin.
This indicator accurately predicted the 2015 and 2018 bitcoin bottom.
If this indicator works for the third time then we are at the bottom of the bitcoin bear cycle.
Thanks
Hexa
🚧Bitcoin can GO DOWN by Rising Wedge Pattern🚧✅Bitcoin has managed to form a Rising Wedge Pattern near the 🔴 Resistance zone($52,820-$52,460) 🔴.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔After breaking the Support line , I expect Bitcoin to go Down to at least the 🟢 Support zone($50,840-$50,200) 🟢 in the next hour.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.