Bitcoin - 30k next stop, then big crash! (whales plan)
- This is a strategic plan on how to play the upcoming price action on Bitcoin in the next few weeks. As a trader, you have to see it!
- As we can see, Bitcoin pumped with a strong impulse in previous days, and the 30k level currently acts like a magnet because there is no resistance on the way up other than this.
- You probably want to trade with the trend, so I would recommend only long positions to increase the probability of a successful trade. I've been using this strategy since the start of January, as you can see on my profile.
- After we hit 30k, there will be a tremendous dump, and this dump you can short. We have a lot of confluence to short bitcoin in this region; see my previous analysis in the related section down below for more info.
- After we hit 30k, Bitcoin will take a break, and we should see an alt-season. Of course, there will be an initial dump for the whole crypto space first. So make sure you know what to do!
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
- The price has been moving in the ascending parallel channel on the log scale. This channel is very well respected, and it's very important to watch it because if it breaks, then the uptrend will be exhausted. Make sure you follow me, because I will warn you if this happens! You want to stay updated.
- You can see my Elliott Wave count on the chart; we are in the 5th wave of the first major impulse wave to the upside, which is a sign of a huge bull market. Bitcoin could reach 130,000 USDT in 2025 and even more.
*Thank you, and for more ideas, hit "Like" and "Follow"!
All of the reasons to take profits or short bitcoin above 30k can be found here:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.