Will it hold?Bitcoin is retesting (again) my trendline. I see everyone calling for new highs, and last time that everyone was greedy... You know what happend. Now you are all greedy again, what could happen? I personally sold half of all my spot bags, and added more to the BTC shorts. I am short on BTC only. Of course my trendline can't hold forever, but i think we are closer to the drop. Big funds want to buy bitcoin, do you think they will buy it at this price when they can buy lower dropping it? Are you serious?
Btctrade
BITCOIN ANALYZE 1D📍According to Elliott Wave Theory: It has completed a full bullish cycle and is currently undergoing a corrective phase in the form of a 3-wave abc pattern. Currently, Wave a has been established and Wave b is in formation. In my opinion, this could potentially mark the end of Wave b and the beginning of Wave c (Wave c in Elliott Wave Theory can be the sharpest wave). We might anticipate a significant downward movement for Bitcoin.
📍My initial target is $14,000.
#Bitcoin Are you Ready for the ETF Rally 6 Hours to GO!!!!I know we all are still uncertain about what will unfold next, given all the hiccups from yesterday.
I've already shared BTC charts across all platforms, and things are progressing smoothly.
A pullback and a continuation to the FWB:52K level (expecting the news to come positive).
Let's take another scenario:-
My perspective is that there's a chance of a delay until May 2024. This could result in some sideways market movement for the next 2-3 months, with BTC hovering between $40K to $48K.
In the event of ETF approval, a quick pump to FWB:52K - FWB:54K might occur, followed by a sudden dump as miners initiate the "Sell the News" event. It's crucial to note that this is speculative, and nothing is guaranteed.
With only 6 hours left for the ETF news, people are wondering what actions to take. We've already shifted 40% to USDT, 40% to BTC, and only 20% to Alts, securing profits from altcoins that experienced a significant surge.
Now, we have a substantial USDT reserve to buy back at lower prices.
In my humble opinion, it's wise to let the price action mature after the news and avoid making immediate decisions.
Whether the ETF approval happens today or in the coming months, it's inevitable, so staying positive and focusing on the long-term picture is key.
Feel free to share your thoughts in the comments section below.
Thank you
#PEACE
$BTC Daily updateCRYPTOCAP:BTC #BTC $46,623 support in effect, $47,232 resistance holding. Previous 4h closed very good, current 1D looking good, if followed thru on previous daily close expect $47,786-$48,080 test,
Bitcoin ETF hype already pretty visible throughout the market, Jan 10 deadline approaching shortly.
Next key resistances $48,644, $49,734, $50,579, $51,630, $52,932.
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🔍Entry: 43730
🛑Stop Loss: 43504
🎯Take Profit: 43977
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#BTC/USDT Urgent Update!Daddy 200 SMA saving the day so far on a 4-hour chart.
The price is back into the channel.
The news is just a speculation by a media firm, nothing solid. The focus remains awaiting approval from #SEC on #BitcoinETF
Technical Invalidation:- Losing the $40200
What do you think?
Do you think Bitcoin will dump further?
Do share your views in the comment section
Thank you
Bitcoin on december and next year 2024Hello traders, i have very freaky ideas about bitcoinas follow: If bitcoin can not exceed 40000$ for next few weeks we will see a big dump to 10000$. Im writing this to think and consider probability about unthinkable cases that any trader may face just be ready for
everythings.
Big short
Sl:40000
Tp for long term: 10000
Period of time that this analysis stand: 6 weeks most after that if it can not break 40000 or fall bellow 31000 it s going range for long time.
Be profitable.
BITCOIN: STILL HOLDING ON.Bitcoin is currently maintaining support around the $43,000 level, but the uncertainty in the market raises questions about how long this support-resistance pattern will persist.
As we approach the end of the year, here are some key observations providing insights into the potential upcoming movement:
1. In early December, Bitcoin faced resistance at $44,000 and experienced a subsequent decline to $40,000 (-10%). We can see the same struggle at present.
2. The Relative Strength Index (RSI) is showing signs of losing momentum, suggesting a bearish sentiment.
3. The USDT Dominance remains firmly supported at 5.6%.
4. To signal a bullish trend, Bitcoin needs to successfully close above the $44,400 resistance in the daily timeframe.
In conclusion, considering the approaching Christmas Eve, which coincides with the weekly close, it is advisable to reduce trading stress meaning 'No leveraged positions', and enjoy your Christmas with friends and family. We will be posting updates related to the market so keep your notifications turned on.
Happy holidays.
Regards,
Team Dexter.
STILL A POSSIBILITY??We are back in the triangle "on-chart".
Support on 4-Hr, after tested severally got broken to downside
Daily: RSI looks lot more room to down side.
RUMOR: ETF approval usually precede down-move
KEY Pattern: Double-Top formed clearly on the chart. It is all there is to see.
Additionally what some people called M formation