Bitcoin Bulls Charge Ahead: Whales Bet Big as 50K Looms—A Quick Analysis for a Memorable Christmas Rally
In the fast-paced world of cryptocurrency, breaking news often arrives quicker than the giant whales themselves. As the year draws to a close, all eyes are on Bitcoin's soaring trajectory, with a tantalizing 50K milestone seemingly within reach. A swift analysis, guided by professional trader insights, unveils a compelling narrative for a Christmas rally that could make this the most memorable festive season of the new decade.
Recent Bitcoin options data has sent shockwaves through the market, revealing that whales—the significant players with deep pockets—are placing hefty bets on a 50K BTC surge. The strategic positioning of these market behemoths has set the stage for a potential bull run that could materialize by the 26th to 27th of December, creating a buzz of excitement and anticipation.
Professional traders , armed with their arsenal of technical analysis, are pointing to key indicators that suggest a substantial upward move for Bitcoin. The market sentiment is buoyed by the prospect of institutional investors and whales influencing the price action, providing a robust foundation for the projected surge.
The options market , as detailed in a recent report by CoinTelegraph, acts as a barometer for these whale-sized bets. The strategic use of call options—financial instruments that give holders the right to buy an asset at a predetermined price—indicates a bullish outlook among these influential market players. This calculated move, coupled with the historical significance of the 50K threshold, adds weight to the analysis.
Bitcoin enthusiasts and investors alike are eagerly anticipating what could be a historic Christmas for the cryptocurrency market. If the projections hold true, witnessing Bitcoin reach the 50K mark would not only mark a milestone for the leading digital asset but also create lasting memories for enthusiasts, traders, and investors as they toast to the end of the year and the beginning of a new era in the crypto space.
In conclusion, the confluence of strategic whale maneuvers, professional trader analyses, and the impending holiday season paints a compelling picture of a Bitcoin rally to 50K by the 26th to 27th of December. As the crypto community braces for a potentially historic moment, the news of this impending surge may have arrived quicker than the whales themselves, setting the stage for a Christmas celebration that will be etched into the annals of cryptocurrency history.
Bitcoin-btcusd
CARDANO - +80% Banked! ✅ Time For A Drop?First of all, let us start by saying we are going via technical analysis only.
Our last analysis played out nicely, banking us 80% raw gain!
Technically, we are seeing a 535 zigzag pattern. We've seen 5 waves for wave A. We are now seeing 3 waves for Wave B. Expecting 5 waves lower for wave C.
Trade Idea:
- Watch for rejection within the fib levels
- Confirmation that we've started a move lower will be a break of the red trendline
- You can go on to lower timeframe to find a slicker entry using various methods such as trendline break, BOS etc
- Targets: 0.23, 0.125, taper thereafter
Goodluck and as always, trade safe!
See our previous analysis below:
FANTOM - Boom! +150% Banked ✨In our last analysis, we identified we were in a correction were looking for a move up to complete wave B, subwave c. We are now nearing its completion and have banked over 150%.
We are now focusing our efforts on finding the reversal point for the next big trade. We have the fib levels falling in line with the recent highs.
Trade Idea:
- Watch for price to enter our reversal zone within the fib levels
- once there, look for rejection signs
- use trendline break or BOS for entry
- Targets: 0.17, 0.8, taper thereafter
Goodluck and as always, trade safe!
See below for our previous analysis.
Bitcoin's Rebound Game💡🌐
Hi guys, FX Professor here. We're diving into Bitcoin's current state, observing its sideways movement and its encouraging resistance to falling back into the previous channel. This suggests a potential rebound at the current level.
As we stand, the level we're at now acts as support. My personal strategy is to go long, but with caution. Should Bitcoin drop below 41,350, vigilance is key due to the potential of descending towards the 39,000 to 40,000 range, and even 38,500 where it would need to retest channel-end support.
Regarding predictions, I assign a 20-25% chance of a deeper channel dive. However, there's a good 50% likelihood that the market will rally today, pushing the price higher despite the FUD surrounding Congress's crypto discussions. The ETF rumors, if they materialize as news, especially by January, could catalyze a significant Bitcoin pump.
Our target remains at an ascending 46,000 level. However, given our current position, significantly above the 20,000 to 37,000 range, we must stay alert for a possible correction. The odds are evenly split, but I lean towards a price recovery today. I'll also be sharing some altcoin charts, as their narratives differ significantly from Bitcoin's.
Bitcoin's resilience, failing to break lower and holding above the psychological 41,500 support, hints at a potential ascent. Our initial targets are 44,300 and 45,000, the latter being a crucial point for a potential breakout.
It's crucial to be extra cautious as we approach major resistance levels. Our ongoing strategy involves looking for new entry points during dips, a practice we're applying in the current scenario.
I'm revising my earlier prognosis from a 50% to a 60% chance of a rise today, based on the current solid and improving trends. Conversely, I'm reducing the likelihood of hitting the channel's lower end to 10-15%.
In conclusion, while we must remain adaptable, our analysis remains consistent. Bitcoin seems poised for a rebound, likely leading some altcoins in its wake. Key to this growth is Bitcoin maintaining its current levels, with a 60% chance of reaching 44,000 before any drop to 40,000 or lower.
One Love,
The FXPROFESSOR 💙
Bitcoin Bulls VS Bears 🐂🐻Bitcoin, after a very significant rise, had a dip that in my opinion is healthy for the long term, but nothing alarming for now.
The red line (SMMA) has held the price perfectly on the 4H timeframe since November, which means that for now we continue with a bullish structure.
Therefore, only if a breakout below it happens, I will expect a more significant correction, initially towards the 38K support, but be aware that 35K is a big liquidity level.
Bitcoin: 42,850 Swing Trade Setup.Bitcoin consolidation within a Wave 4 which is poised for one more leg higher (Wave 5) IF the 40K support holds over the coming week. At this time, a break above 42,850 will signal a swing trade long in anticipation of a test of the 45K high. IF price breaks lower instead, I will be watching for a test and reversal confirmation around the 40K level support (See blue square on chart).
The next two weeks are likely to be filled with optimism, positive news, etc which is typical this time of year. Volume is also likely to get lighter which can make for lack of follow through OR slow grinds which are especially tricky (and costly) for counter trend strategies.
The outcome of Wednesday's FOMC meeting set the tone. The S&P, Nasdaq, Russell 2000, Ten Year Note have gone vertical pricing in a dovish future. PLEASE keep in mind, just because the market is pricing this in does NOT mean something unexpected can't come along in Q1 or Q2 of next year. It is easy to get caught in the hype and think "its strong, its safe" and usually this is when risk is the GREATEST (see S&P in December of 2021).
In my opinion the best way to control risk and avoid getting caught is by keeping expectations LOW on BOTH sides of the market. Don't fight the momentum, while at the same time, it is not wise to expect that higher highs will just relentlessly continue. Day trade strategies are best OR just stay out and WAIT for a broader retrace. It may take a month.
This is why I cannot emphasize enough the importance of sticking to a well defined system that identifies particular setups in your chosen market. My Trade Scanner is a testament to this because while it does not produce a 100% win rate (nothing does), it has identified over a dozen winning trades over the previous 2 weeks across 3 asset classes (see results page).
It really pays to understand what you are up against as a retail trader before you can appreciate the value of automation. To use a poker reference: imagine the advantage you would have over your opponents IF you could see their cards. THAT is the advantage that exchanges, market makers, dealers and other counter parties have over all of US. THINK about that the next time you are wondering why you can never seem to make consistent money in this game.
Thank you for considering my analysis and perspective.
Bitcoin - BTC pair signal🟢just occurred🚨🚨🚨Bitcoin
HUNT HISTORICAL BITCOIN VOLATILITY PLOT
The pair signal🟢just occurred 🚨🚨🚨
Not always but often seen‼️
Imagine these were your BTC entry points over the years😉
What will the smart money do❓
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
🐋 Deep Dive Part III: Time for small Caps & Presales/IDOsWelcome to Part III of our Deep Dive series. We've journeyed together from analyzing Whale Behavior in Bitcoin to understanding the flow of funds into major altcoins. Now, it's time to venture into the exciting world of small caps and presales! 🌐
In our first post, we delved into Whale Behavior in Bitcoin, uncovering the intricate movements and strategies of large-scale investors. We saw how their actions can significantly influence the BTC market. 🐋📉 Deep Dive Part I: Professor's Insights on Whale Behavior
Then, in Part II, we shifted our focus to major altcoins like ADA and Solana, observing how the investment tide moved from Bitcoin to these promising alternatives. This transition was a pivotal moment, marking a new chapter in altcoin investment strategies. 💡📈 Deep Dive Part II: Whale Behavior & Market Mastery
Now, in this third installment, we're exploring the burgeoning sector of small caps and presales. The crypto landscape is ever-evolving, and small-cap tokens are emerging as the new frontiers of growth and innovation. These tokens, often overlooked, are now gaining traction and offer unique opportunities for early investors. 🌱🔍
Why this shift? It's all about potential and diversification. Small caps and new tokens bring fresh concepts and technologies to the table, often presenting higher growth potential due to their nascent stage. Plus, diversifying into these assets can be a strategic move to spread risk and maximize returns in a volatile market. 🔄
As we approach significant resistance levels for Bitcoin, it's a strategic time to explore these new horizons. The market is indicating a potential pause for Bitcoin, possibly leading to a 'sell the ETF news' scenario. In this context, small caps and presales present a compelling alternative. 🛑🆕
As always, caution and due diligence are paramount. These markets are known for their high volatility and risk. However, with risk comes opportunity, and for the well-informed and strategic investor, this could be a golden era of discovery and profit. 📚💰
Stay tuned as we continue to navigate these dynamic waters, providing insights, charts, and analysis to keep you ahead of the curve. Let's embark on this new adventure together, exploring the potential that lies in the small caps and presales of the crypto world. 🚀
Together, we'll keep diving deep, uncovering opportunities, and mastering the market. Stay alert, stay informed, and let's make the most of this exciting crypto journey!
One Love,
The FXPROFESSOR 💙
Part 1:
Part 2:
Part 2 result:
Bitcoin- Recent price action is suggesting 48k target
The previous month proved highly favorable for BITSTAMP:BTCUSD bulls, witnessing a remarkable 25% surge in price and establishing a new local high above 44k. Following this upward move, a correction ensued, yet the price found solid support around the 40k zone.
After this correction, BTCUSD's price entered a consolidation phase, and the range of this consolidation is gradually contracting, indicative of a symmetrical triangle continuation pattern. The target for this pattern is set at 48k, with confirmation contingent on a breakout above the 43,500 zone.
I maintain a bullish outlook on Bitcoin, contingent on the price remaining above 40k in terms of daily close.
Bitcoin H4 | Falling to 50% Fibo supportBTC/USD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 41,833.50
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 40,176.52
Why we like it:
There is a swing-low support that aligns with the 50.0% Fibonacci retracement level
Take Profit: 44,503.21
Why we like it:
There is a pullback resistance level
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Bitcoin: Overlooking The Wave Count?Bitcoin appears to be in a smaller magnitude Wave 4 (see chart) which implies one more push higher to complete the impulse structure. such a move can see price into the mid to high 46Ks over the next couple of weeks. While this is good news for those who have been or are looking to go long, there is one technical problem that is likely being overlooked by most.
I am using the general wave count idea to illustrate the smaller magnitude impulse structure at hand. I am not accounting for where Bitcoin is on the broader magnitude. If you go out to a monthly time frame (not illustrated here) the risk is much more obvious. The completion of the current impulse appears to be a Wave C of a large magnitude B (I will review this further in my stream tomorrow).
This is important because IF this structure turns out to be true, then the coming corrective wave is likely to be a broader C Wave. This can take price back to levels completely unexpected or foreseen at this time. An extreme instance can be a test of the structure low at 15K. Keep in mind, a wave of this magnitude can take MONTHS or even a year to play out.
While this is NOT meant to be a precise forecast, it does highlight important RISKS, particularly for investors. Current levels are NOT attractive because there is a greater chance these are cycle highs. It should be no surprise that the faketuber thumbnail titles are once again coming out with "it's just getting started" and "early investors will make millions".
Markets are mostly random and do not operate on logic. There is no way to know if this bearish scenario will play out or not it is a function of perception. The third leg of this rally was initiated by EFT news and halving anticipation. Realize that bearish perception of the same magnitude can also come of out no where.
For these reasons, I control risk by having LOW expectations of further potential at current levels. Risk is controlled by your category of strategy. Day trades and swing trades are the best way to navigate current levels for the coming month at least. The idea being not getting caught with longs at cycle highs and assuming the MOST risk while letting others out for a nice profit.
Thank you for considering my analysis and perspective.