Bitcoin Update 25 OCTHello! 😎
Returning to post videos but without the more advanced coverage of data points.
Hopefully will make them shorter over time up to a max of 7min. (I failed to do it in this video)
Alright I will cover the chart tends, momentum and price structure and make broader comments on what i see in the books or funding rates.
Talk about potential retraces zones and possible upcoming higher targets as the trend and momentum develops.
Best 🫡
1-BTCUSD
BTC NEXT MOVE (bull trap ongoing)BTC currently facing weekly resistance and forming rising wedge on weekly TF....... We need to be careful and wait for weekly candle to close to make our conclusion......
Don't FOMO into this BTC move
Remember there is always opportunity in market
Follow for more market update
BTCUSD I Potential downsideWelcome back! Let me know your thoughts in the comments!
** BTCUSD Analysis - Listen to video!
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BTC - You've never seen anything like it.Very useful informationIn this video I showed a cycle consisting of 2222, 3333, 4444 days. Which signaled the beginning of strong growth. Before these strong growths there was always a local squeeze. Therefore, I expect a decline to early October as part of the 44 week 44 from the 15555(21) bottom to be an amplified move, possibly to $23000.
Then from the 69 tisyach high, we will have 693 days to October 2, I expect at this point a reversal and strong growth. 369( denotes shortsqueeze and longsqueeze in this case, imho)
We have a bottom forming at the beginning of October, after that we rise so that there are no good entry points, for the scared crowd, when they accept the BTC ETF in mid-October and there will be a very strong dump globally my conservative target is $48000. This is not an exact price level, I will be pushing back on cycles. Also in the video I forgot to say that I expect a decline in late November - early December, local or global, I won't say, I will look for signals in tweets and on the chart, for those who understand the volume (69k 88.88))). 33.33 and degree system.
Also reminder if I expect a strong rise then somewhere around early May 2024 we should be able to fall hard, I really want to see some kind of stock or stablecoin scam. And then a strong reversal upwards in the spring of 2024. How strong I don't know. Globally I would also add that the significant date is 2026, in the video I showed a more precise month. This is also a strong reversal moment.
If you like it put likes and comments.
BITCOIN PUMP SOOM\Interesting fractalFrom the 69k high, we will have 699 days and a fractal in the buffer zone that was formed on the dump at the FTT, now there could be a strong rise on news, I don't know what kind of news it will be, but it will be. I'm waiting for the upside and in general we need to look at fibonaci and wave structure and numerology, comets and asteroids to see where we will have a reversal in the future. And cycles. If you like the idea, comment and like it, it will help me push the idea to the top to be seen by as many people as possible.
Bitcoin decopule with US10Y ? Where to look in bull cycle ?It has been commonly accepted that when yields and rates rise then higher risk assets should fall in value as money is tempted by yield returns
This relationship seems to be getting tested as Bitcoin and US10Y moves up together. It does give impression that bitcoin is not as risky as potentially imagined and can be seen as a flight to safety or "quality" to quote Fink.
If bitcoin continues then it is commonly accepted that it will lead out smaller caps in the cryptosphere
Its important to note that Bitcoin (on average) moves first. Why this is important is because it flies in the face of those who say Bitcoin will give less return then 'X' coin because in the very end X will ultimately move up more in % terms. However, if Bitcoin (on average) leads out the rest then the opportunity to reallocate lays mostly with those holding bitcoin. If you have to wait and watch as the rest of the market booms to see smallcap X coin eventually make its move.. then you have little chance of redistribution and any compounding. Whereas Bitcoin holders can take profit during btc move and redistribute into smallcap X coin pre its own breakout and essentially compound growth in that cycle.
Where after Bitcoin?
I believe that safe bets beyond Bitcoin that will move well post bitcoin runs are the sub sector monopolies within the cryptosphere. Coins that dominate their sector. Clear example is Uniswap's UNI.
The Power of Three: Bitcoin's Pivotal Moment at 31K 📈🔥🚀Hey Traders,
We've been closely monitoring Bitcoin's performance and it's time for an update. We've reached the third and crucial test of a major resistance level, and things are looking promising. 🎯
First Resistance: 29,900 - 30,000 🛑
The first resistance level we're facing is between 29,900 and 30,000. This is a key area to watch, as breaking through it could set the stage for tackling the next resistance level.
Second Resistance: 31,000 - 31,600 🚧
The second resistance level is a bit tougher, lying between 31,000 and 31,600. This is the real test. If we can break through this, the path to higher levels becomes much clearer.
The Big Picture 🌍
According to my analysis, there's a 60% chance that we'll break through the 31K resistance. If that happens, we could see Bitcoin soar to the 44-45K range, a very doable and likely scenario. 🚀
Why the Third Test Matters 🤔
In trading, the third test often proves to be the decisive one. It's like the market is finally ready to make a move, and this could be our moment.
Final Thoughts 🤑
Keep a close eye on these resistance levels. If Bitcoin can break through, we could be looking at a significant uptrend. Let's see if the third time really is the charm!
Happy Trading! 📊
One Love,
The FXPROFESSOR 💙
Full Video Transcript:
0:00 Okay, everyone, so, okay everyone, so, finally, Finally, we had the third test of the major resistance here. We had the first check over here, fake news, rejection, more fundamental than technical, but still, we did test one time, second time, and then finally the third, and decisive time, we are ready
0:37 to go higher, but we need to look at what's next and what kind of resistances we have to face. So obviously, we have a first resistance at, 31k.
1:21 Or to call it right, is the resistance between where we are now 29,900 and 30,000, so that's the first resistance we are facing.
1:33 Second one. And I'm going to use a different chart, it's the same chart basically, okay, but it's clearer here. So, you see again, one attempt, second and, Finally, the breakout, so the decisive one, very good news, we have support now at 29,000, but the second resistance we have is this one right here
2:53 . So, it's a 31 to 31.6k. Resistance. And that's a difficult one. The good news is that after that, the next one is much higher.
3:07 So, after that we're going to, ah, 44, 45,000. Okay. Again, you saw how the 1, 2, 3 worked for those that, ah, you have been following me.
3:18 So, here we go again. Okay, on the bigger chart, we have one attempt on rejection here. We have all together this one and you see how the price at tempted multiple times, but we consider it one.
3:32 You can change the chart weekly. It will be one week. So, we are heading for the third test and again, the third test is the crucial one.
3:42 So, why not we can finally break. Higher, over 31k for good. For very good reasons, we have remained long and long and long and gave a lot of good entries, but the big one is the 31k.
3:58 And according to my analysis, we have right now A possibility of over 60%. So, where, again, big news, we're going first, sego.
6:09 Third attempt to break higher from this level and go to the main, ah, support resistance level, which is lying around 44,000.
6:19 Remember, we started from here. On the first attempt, we said Bitcoin to 41. Well, this is the first attempt. It's an ascending level, so Bitcoin to 44, 45 is a very, very doable thing and a very likely scenario.
6:32 And don't forget how Bitcoin can explode. You can look at the previous charts to see the fundamental reasons why, as well as the technical.
6:41 One, two, we are hearing for the big three. Why is the three important? Thank you very much. Thank you. Well, here.
7:12 It is why first attempt rejected second attempt and then the third attempt it's a crucial one and the price does what it breaks higher it makes the resistance turns it into support and from there we fly to the next level.
7:29 So, in the same way this is the 8 minute chart by the way or 15 minute chart something reasonable for you to look at but also look at the daily candles and we have a big third attempt coming up over 6 minutes.
7:45 60% possibility to test the 31K and break higher. That's it from me. Take care.
BTC - FAKE ETF News cause BULL-trap👎Hi Traders, Investors and Speculators of Charts📈📉
There has been interesting volatility on BTC in the past 24 hours, with fake news being released on X, alleging that the SEC approved Blackrock's iShare spot ETF (they haven't).
Directly from the Cointelegraph website, 16 hours ago:
"Earlier today, during routine coverage, Cointelegraph’s social media team posted a message on X without prior editorial approval stating that the United States Securities and Exchange Commission had approved BlackRock’s iShares spot Bitcoin exchange-traded fund, or ETF. This was false, the result of misinformation. The news lead originated from an unconfirmed screenshot posted by an X user who claimed it was from the Bloomberg Terminal. "
Pretty much immediately after this article, the price started to retrace. It seems to me like severe insider trading / purposeful deceit. Interestingly enough, the price turned at EXACTLY 30K which seems very unnatural. It will be interesting to see whether the SEC reacts to this, or if it's just another day in crypto.
Luckily, as per all our previous posts on altcoins, I'm not trading BTC at the moment. Reason being I was expecting algo's on Bitcoin, as range trading often attracts bots. My focus is still on altcoins at the moment.
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Hash Rate Backtest(The Worlds Best Bitcoin Indicator)In this video we go through the edited Backtest version of Hash Ribbons. Our analysis shows various things but particularly interesting data in bull markets. As of right now, is it become less valid with more variables in the market or are we due a pump with these miners increasing their efforts to expand their operations?
Do not trade zone! Specially scalpers!I believe these two ranges and the area between them will catch, trap and make so much liquidation in next hours, as the weekly is closing.
Weekly wanted to close above monthly open. which seems buyers were successful. Make sure to be neutral between these two lines.
BTC Bitcoin Technical Analysis and Trade IdeaObserving the current dynamics of Bitcoin's price movement, we can see a clear uptrend on the 1D time frame. This trend becomes even more evident when we shift our focus to a 4H chart, revealing a compelling bullish trajectory characterized by successive higher highs and higher lows.
Presently, Bitcoin has retraced to a strategically significant support level. In our video discussion, we thoroughly examined the prospect of a potential trade opportunity, conducting a comprehensive analysis of various elements including the prevailing trend, price action patterns, and the underlying market structure.
It is imperative to emphasize that the content presented in the video is intended solely for educational purposes and should not be construed as financial advice. Our goal is to provide a detailed understanding of market dynamics, enabling viewers to make informed decisions within the realm of cryptocurrency trading.