2023-10-24: The BTC by Dajjal Pump24-10-2023, Tuesday 0052 am: BTC: Today, I wishes to exposed the reason behind as of on the October 19, 2023 where by I've published about Bitcoin is gonna uptrend to $31,000.
A week after monitoring, on hand I'd concluded a chart which will formed a Dajjal Symbol (Inverted Star of David) within the Bitcoin Trending Chart that aligned paraller with what's going on to geopolitics and civil warfare in the Middle East.
It is something that triggered the sense from retails since Friday-The -13th uptrend movement. Together with other asset such as Gold, Silver and Oil.
Before the uptrend really started on Friday night whereby the market is near the closure. It was a Distraction situation so Technical Analyst would think the Bear Sentiment is taking control. Of course, Bullish Sentiment on the weekend isn't a Good Omen as it always have been. This is because it would create a CME Gap on the CME chart.
Over here I want to keep the whole story short and sweet. For those who wanted to know the Secret Recipe of the Fibonacci Expansion. I've enclosed the expectation for our reference.
So now, I wishes 'Gracias' to everyone here for reading and learning along the way to improves your Wealth-Being and Abundance together. - Hang Nujum
Refer article October 19, 2023: (Check on the Comment Section)
Refer Chart on October 19, 2023: Formation of Dajjal Pump:
Refer Chart of October 24, 2023: Target Hit of Dajjal Pump:
BTCUSDC
Bitcoin Target Nailed for Long-Standing Inverse Head & ShouldersTraders,
Since June of last year, we have watched the start of our inverse head and shoulders pattern begin to form and then complete in March of this year, at which time we broke above our neckline (purple) and began to take aim at our target of 35-37k. Unfortunately, Bitcoin then became rangebound. Today that range was broken. And technically, we can say that our target has finally been met. Though Bitcoin may still have some steam in the tank, it must hold above 31,600 tonight and tomorrow for me to be a believer. Should we break back down below 31,600 all bets are off. We can call this pattern complete and look for the next.
Don't forget that we still have that gap on the Bitcoin CME futures chart sitting somewhere around 20k. Many don't believe we can still hit that, especially with halving t-6 months out, but I am not one of those. Anything is still possible. And now that we have hit that inverse head and shoulders target, it is critical we remain above 31,600 or else the bears will take control again.
Stay tuned here as we watch this closely.
Best,
Stew
BTCUSDT, We should be ready for droppingHello guys
We're back after 2 years , we are glad to see you again and can talk to each of you
Let's go to analysis the situation of Bitcoin at now.
According to the chart you can see we are in correction up trend and now we have 2 reason that the price can drop from the red box that we shown on chart :
1.The price is going to pull back to the trendline that was broken and after that it can ready to drop
2.If you look at the uptrend movement you can see we have a pattern that is head & shoulders , the body was made and now after left shoulder and head was made , its turn to complete the right shoulders and after that it can drop from their site.
The point that we should attention is, if the price can go up and break the 32K with power and can settle in 32k area we can say this scenario is failed and we should analysis again the price situation.
If you have any question just share it with us
Good Luck
BTC Price Skyrockets to 30k! Get Ready to Ride the BullBrace yourselves, because the BTC price has just hit an astonishing $30,000! 🚀🌕
Yes, you read that right! The cryptocurrency market is buzzing with exhilaration as BTC continues its meteoric rise, leaving traders and investors alike in awe. This is an unprecedented milestone that signals the immense potential and strength of Bitcoin.
Now, you might be wondering, "What does this mean for me?" Well, my friend, this is the perfect opportunity for you to seize the moment and potentially profit from this historic surge. It's time to put on your trading hats and get ready to long BTC!
Why should you consider going long on BTC? Let me tell you! Bitcoin has proven its resilience time and time again, consistently bouncing back from market downturns and reaching new all-time highs. It has become a trusted store of value and a hedge against traditional financial systems. With the recent surge to 30k, BTC has once again demonstrated its potential for massive gains.
So, here's the call-to-action: Don't miss out on this golden opportunity to ride the bull market. Take advantage of the current bullish trend and consider going long on BTC. But remember, always conduct thorough research, analyze market trends, and develop a sound trading strategy before making any investment decisions.
If you're already a seasoned trader, you know the drill. But if you're new to cryptocurrency trading, don't worry! There are plenty of resources available to help you navigate the exciting world of BTC trading. From educational platforms to expert analysis, take advantage of the wealth of information out there to equip yourself with the knowledge needed to make informed trading decisions.
Now, I understand that trading can be a rollercoaster ride filled with both ups and downs. It's important to approach it with caution, manage your risks wisely, and never invest more than you can afford to lose. But with the BTC price hitting 30k, the potential rewards are simply too enticing to ignore!
So, my fellow traders, let's harness our excitement and channel it into strategic decision-making. Let's ride this wave together and make the most of this incredible opportunity. Remember, fortune favors the bold!
₿itcoin will go ✈️UP✈️ by Falling Wedge Pattern⏰(15_Min)⚠️Yesterday, after the news of the approval of the Bitcoin ETF was confirmed to be Fake , Bitcoin fell again after breaking the🔴 Resistance zone($28,450-$28,000 )🔴.
🔄Currently, the 🔴Resistance zone($28,450-$28,000)🔴 has become a 🟢Support zone($28,450-$28,000)🟢 in my analysis.
🏁In terms of classic technical analysis , it seems that Bitcoin has succeeded in forming a Falling Wedge Pattern .
🔔I expect Bitcoin to rally to at least the ⬆️ Upper ⬆️🟡Price Reversal Zones(PRZ)🟡 after entering the ⬇️ Lower ⬇️ 🟡Price Reversal Zones(PRZ)🟡 and reacting to the Pitchfork and Fib channel lines .
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🌐➕ Positive News ➕🌐:
FTX customers could get $9 B shortfall claim payout by mid-2024.
The number of wallets holding between 100 and 1,000 Bitcoins has reached an all-time high this year.
Cathie Wood Says 'Hopes Are Rising' For Bitcoin ETF Approval By SEC
🌐➖ Negative News ➖🌐:
US Government Holds $5 B in Bitcoin: WSJ.
Bitcoin (BTC) Collapses 8% as BlackRock Denies ETF Approval Rumor.
Binance Will Stop Accepting New User Registrations in the UK Starting Today.
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Bitcoin Analyze ( BTCUSDT ), 15-minute 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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC SHOWING A FALL TREND BACK 26K (INDEXS can fall)Thank you for reading our update. Please remember that this is not advice for trading.
BTC showing a fall effect since the star effect.
Technical view shows that there is a high possibility BTC will have a fall-down trend since the star trend hit. The last volume was not a building volume.
Very important
When BTC is not able to confirm 30500 USD, there is 89% that it will fall.
we are also in different times with world trends. as SP can indexes that can fall.
Bitcoin - A Different Viewpoint - Time has officially run out
The largest support trend is being tested that represents Bitcoin history.
I play this with logic not emotion, the L-MACD shown the recent bear market started in APR 2021 followed by a leverage short covering blow off.
We have 4 times Bitcoin's price have gravitated towards the Line, each time has resulted in a violent bounce to the upside that gets almost everyone who is waiting for the world to end.
We could easily see 70-80K Bitcoin before year end and Its on my targets.
The market does not care about interest rates like Gold does not.
Neither does it need "cheap money liquidity" there is 133 Trillion in Bonds looking for a new market. It makes no sense that Bitcoin stays under 500k during 2024.
The story of 2024? "Nobody saw that move coming" "How can this be happening with interest rates so high". We've had a 616 day down period of Bitcoin open for accumulation, Michael Saylor adding thousands of Bitcoin, the biggest institutions in the world pre purchasing mining companies + launching futures / progress of Spot ETFs.
Bears wanna hope this line does not hold because the FOMO effect if Bitcoin hits 100k before end of year will be brutal.
BTC bullish vs bearish scenariosBTC / USDT
After rumors of SEC approved Bitcoin ETF yesterday, price pumped hard and then most of the pump is absorbed …
right now BTC at very decisive area :
1- The Bullish scenario:
Since 2021 the key level (31-32k)is a very strong level, a breakout and stability above is a bull signal and will confirm double bottom pattern
2- The Bearish scenario:
completing the head and shoulders pattern and dropping below 25k will lead to further correction “if happened I believe it will be the last correction”
What is the most likely scenario for you and why ?
All questions and opinions are welcomed
Share with me below ⬇️
Max Pain Scenario For Bitcoin 2023-2027 $140,000 Halving
Trying to plan out future cycle movement is hard before on-chain data but if you try to model something you get a movement like this.
We will have something like 2012-2015
Consensus in the the market is that the bull market will peak/start in 2025. I find this to mean 2025 will be a year like mid 2013/2019
There is zero chance this bullish on chain data on Bitcoin keeps the price under $100,000 by 2025 I can say that with complete data. The first "Big move" has to come late 2023 early 2024
Consensus states No Spot ETF before 2024 January, this is why I'm putting the odds Spot ETF's get bulk approved by 2023 NOV-DEC
I suspect we get Spot ETF's approved and a big rally starts around now before it by institutions moving on the PRE data, this would push Bitcoin into a "Supply shock" sending it to $140,000 "Median channel"
I suspect a sideways move in 2025 where the last retail / weak hands angry at the move believe Bitcoin is overpriced and has to correct thinking a -77% move will come
Following that 2025 break like an extended 2013-2014 the next upset will be a final ascend to the top of the channel peaking near $2,500,000
Simple price movement terms
1. BTC moves to $140,000 Mar 2024
2. BTC slight correction then bounces to $200,000 Jan 2025 then correcting under the macro median trend
3. BTC Makes a Final ascend doing a 12.5x to $2,500,000
** But a BTC at $2,500,000 would put the marketcap at $48 Trillion?**
This based on 19,500,000 BTC being in the market.
There's less than 2,500,000 BTC on exchanges
More than 10,000,000 BTC in the Hodl / Lost portion
Its clear the circulating bitcoin is flawed today and needs to be adjusted to
"Known Active Supply"
Bitcoin: Total Supply Last Active 10y (50d Moving Average)
2,928,655
Yes that's a 10 year active supply less than 3,000,000
So if I'm guessing how much supply is lost and how much exist that number has to be under 10,000,000 Bitcoin.
For people wondering pushing Bitcoin to "2.5million" would require less than 7 Trillion.
Lets just say Spot Bitcoin ETF inflows 400 Billion per week? that's 5 weeks from launch the price can be hit.
Final pointers I enter and exit based completely on (on-chain) data when that overheats? I don't know but its sure as hell not under $200,000.
Enjoy the bull market.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC broke $28,298 support, currently testing to hold. $27,994 support in effect, 4H RSI looking good, Previous daily close failed to follow bullish close from Tuesday, last daily closed bearish. Current support range $27,478-$27,994. Must hold $27,994 to reattempt $28,781
BTC Price Touches 200-Day Trendline - Perfect Entry for LongBrace yourself for this exciting update - the BTC price has just touched the 200-day negative trendline!
Now, I know what you're thinking - negative trendlines aren't usually cause for celebration. However, in this case, it presents a golden opportunity for potential entry into a long trade with BTC. Allow me to explain further.
The fact that the BTC price has touched the 200-day negative trendline indicates a significant shift in market sentiment. It suggests that the downward pressure on BTC is potentially losing steam, paving the way for a potential reversal. This is precisely the kind of situation that smart traders like us eagerly await!
Imagine being one of the early birds who seize this opportunity to enter a long trade with BTC. By doing so, you position yourself to benefit from a potential upward movement in the price. The possibilities are truly exciting!
So, my friend, I encourage you to seriously consider taking advantage of this situation. With BTC's price touching the 200-day negative trendline, it's an ideal time to evaluate your trading strategy and explore the potential for a profitable long trade. Don't let this opportunity slip away!
Remember, successful traders always stay ahead of the curve and are willing to take calculated risks. By entering a long trade now, you position yourself to potentially reap the rewards when BTC's price begins its upward journey.
BTC has positive signs- The BTC price increase scenario I presented yesterday was completely correct. However, due to the news, BTC price rose faster and stronger than I expected. Stay tuned for today's BTC commentary!
* Image D1 above: Yesterday's candlestick D1 was a strong bullish candlestick with a long top shadow, which suddenly increased in volume and closed half of its amplitude. From a technical point of view, this candle shows strong selling forces on the upside, which have succeeded in pushing the price lower and closing half of the range. However, due to the influence of fake news related to the BlackRock Bitcoin Spot ETF, yesterday's D1 candlestick did not have much meaning in terms of technical analysis. - Overall, BTC's short-term uptrend is likely to continue as it is trading in a new price appreciation channel. * Total3 comments (total market capitalization of virtual currencies excluding BTC and ETH)
- Total3 is accumulated in the last part of the symmetric triangular model, which is a bipolar model. However, this model was formed during a very long sideways phase, and the BTC trend is currently very positive. From a personal perspective, I'm leaning towards the scenario where his Total3 breaks the ascending triangle pattern. Therefore, I still believe that there will be a wave of altcoin recovery in the near future.
📊Bitcoin Mid-Term Analysis📊👋Hi everyone.
📈Today, I decided to analyze Bitcoin almost completely on a weekly time frame with the help of technical analysis tools to give you a good view for the mid-term .
✅After rising almost ➕15% for the past four weeks , Bitcoin has started to decline again (as I expected in previous posts ✅).
☠️One of the reasons for Bitcoin's fall again in terms of technical analysis was the Death Cross Signal .
📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day .
🌊According to Elliott's wave theory , Bitcoin completed its 5-impulse wave at $31,800 and is currently completing corrective waves. It is better to know that because the main wave A has 5 microwaves, the structure of the corrective pattern should be in the form of a Zigzag correction(ABC/5-3-5) .
🌊It seems that the main wave B has also ended, but to confirm this, we have to wait for the break of the Support line and the 🟢Support zone($26,880-$26,500)🟢 .
🌊After confirmation of the end of the main wave B , I expect the main wave C to finish in the 🟢Heavy Support zone($25,280-$23,900)🟢 or one of the 🟡Price Reversal Zones(PRZs)🟡 , in terms of timing, the end of the main wave C could be in one of the ⚫️ Time Reversal Zones(TRZs) ⚫️.
❗️ Note ❗️: The price and time of the end of the main wave C depends on the fundamental conditions of the cryptocurrency market and other parameters ( 💲Interest rate💲_⚔️War⚔️_🐳Behavior of whales🐳_🔄On-chain Data🔄_etc. )
🔔I expect Bitcoin to rise to at least the previous high($31,800) after the correction waves are completed.
🙏In the end, I have to apologize for the fact that the chart is busy, but in my opinion, all the lines and indicators were needed for your better understanding of the analysis, and I also hope that this analysis has an 📚educational📚 aspect for you.
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I would be happy to share your opinion about Bitcoin for the mid and even long-term below this post.
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Bitcoin Analyze ( BTCUSDT ), Weekly 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.
₿itcoin will go UP by Bullish 🏁Flag🏁 Pattern⏰(15_Min)👋Hi guys, I hope that you had a great weekend.🥳
✅Bitcoin seems to have managed to break the 🔴 Resistance zone($27,600-$27,300)🔴 by Breakout Candle and is currently completing a pullback to this line.
🏁In terms of classic technical analysis , it seems that Bitcoin has succeeded in forming a Bullish Flag Pattern.
🔔I expect Bitcoin to rise toward the 🔴 Resistance zone($28,450-$28,060) 🔴 after breaking the upper line of the descending channel .
Bitcoin Analyze ( BTCUSDT ), 15-minute 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 be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BTC Hovers at $28,000 with Strong ResistanceAs you may already be aware, BTC has reached an astonishing value of $28,000 with an alarming level of resistance. It was due to a fake story of a Blackrock ETF approval story. It is during times like these when it becomes crucial for us to reassess our strategies and approach trading with caution.
In light of the current situation, I strongly encourage each one of you to consider pausing your BTC trading activities momentarily. This is not a call to panic or to suggest that the market will crash, but rather an opportunity to reflect on the potential risks involved. As experienced traders, we understand that it is imperative to exercise prudence and vigilance as we navigate the ever-changing dynamics of the crypto market.
By pausing our BTC trading momentarily, we can gain a better understanding of the developing patterns and indicators that may guide our future decisions. It grants us the chance to reassess our risk management strategies, conduct thorough analyses, and seek advice from trusted experts in the field. This brief pause can help us avoid impulsive decision-making and allow us to approach the market with a clear and calculated perspective.
As we tread this uncharted territory, uncertainty can be overwhelming. However, it is in these challenging times that we have an opportunity to learn, adapt, and grow as traders. Pausing BTC trading now may potentially save us from unforeseen losses and provide us with a chance to regroup ourselves for the next profitable move.
Let us remember that our success as traders is not measured solely by our ability to act swiftly, but also by the wisdom and prudence with which we approach the market. So, take a moment and pause your BTC trading activities, reassess your strategies, and embrace this opportunity to ensure the long-term success of your trading journey.
₿itcoin is Ready to Fall again⏰(1-Hour)⏰✅₿itcoin started to grow as I expected in the previous post on the 1-hour time frame.
🏃♂️Bitcoin is currently moving near the 🔴 Resistance zone($27,600-$27,300) 🔴, Resistance lines , 🟡 Price Reversal Zones(PRZ) 🟡,🔵 100_EMA(Daily) 🔵 and Downtrend line .
🌊In terms of Elliott wave theory , Bitcoin seems to be completing the last wave of the Double Three Correction(WXY) .
🔔I expect Bitcoin to start going down again after hitting the Resistance lines and the 🟡 Price Reversal Zones(PRZ) 🟡.
🔔The first 🎯Target🎯 of Bitcoin can be a Support line .
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🌐➕ Positive News ➕🌐:
Ferrari to accept crypto for luxury car purchases: Reuters.
California Signs Crypto Bill Into Law.
Bloomberg Analyst Predicts Likelihood Of A Spot Bitcoin ETF By January 2024.
Legendary Investor Jim Rogers Warns Era of US Dollar Dominance Is Coming to an End.
US Government Has No Option Except Currency Debasement, and Bitcoin (BTC) Stands To Benefit: Bloomberg Analyst.
First Stage of Bitcoin Bull Market ‘Well and Truly Underway,’ Says Analyst Jason Pizzino – But There’s a Catch.
California Sets 2025 Start for Digital Asset Regulatory Framework.
🌐➖ Negative News ➖🌐:
Cryptocurrency Exchange Volume Report Released: Here’s How Binance, Coinbase, Bybit and 10 Other Exchanges Performed
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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.
BTC Bears Back in Control - An Opportunity to ShortI am reaching out to share a concerning development in the cryptocurrency market that has caught my attention, specifically regarding Bitcoin (BTC). As fellow traders who understand the volatility of this market, I believe it is crucial to stay informed and seize opportunities that arise.
In recent days, BTC has shown signs of regaining control after a period of uncertainty. This resurgence brings both excitement and a sense of caution. While BTC's ascent may seem promising, it is important to approach it with a discerning eye.
Considering the current market conditions, I would like to draw your attention to a potential opportunity: shorting BTC. By shorting, we can take advantage of the market's volatility and potentially profit from a potential decline in BTC's value. This strategy can be particularly beneficial during periods of uncertainty, such as the one we are currently experiencing.
I encourage you to carefully analyze the market trends, conduct thorough research, and consult with your trusted sources before making any trading decisions. Shorting BTC can be a complex strategy, so it is crucial to approach it with caution and ensure you are well-informed.
If you find this opportunity aligns with your trading goals and risk appetite, I suggest considering a short position on BTC. However, please remember that trading involves risks, and it is essential to make informed decisions based on your own analysis and risk management strategies.
Let's stay connected and share our insights and experiences as we navigate through these dynamic market conditions. Feel free to comment below if you have any questions or if you'd like to discuss further.
Bitcoin Analyze(Road map)🗺️⏰(1-Hour)⏰👋 Hi everyone.
🙏 First, I have to apologize for the busy chart, but I will try to draw all the important zones and lines for you so that the posts have an 📚 Educational aspect 📚.
🏃♂️Bitcoin is moving in the 🟢Support zone($26,880-$26,500)🟢 near the 🟣 Yearly Pivot Point($26,737) 🟣, Support lines and 🔵 50_SMA(Daily) 🔵.
🌊According to the theory of Elliott waves , Bitcoin seems to be completing its 5th wave with the help of the Expanding Ending Diagonal .
💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys .
🔔I expect Bitcoin to move towards the Resistance line and 🔴 Resistance zone($27,600-$27,300) 🔴 after breaking the upper line of the Expanding Ending Diagonal .
❗️ Note ❗️: Below the 🟢Support zone($26,880-$26,500)🟢 , Bitcoin has a 🔵 CME Gap($26,400-$26,290) 🔵, which I don't think Bitcoin will fill this gap in this attack, but if this zone is filled, the scenario will change .
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🌐➕ Positive News ➕🌐:
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan Onyx.
Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain.
Bitcoin Lightning Network growth jumps 1,200% in 2 years.
Billionaire Paul Tudor Jones Still Likes Bitcoin Despite Price Drop.
Tether Continues To Flow Into Exchanges.
JPMorgan debuts tokenization platform, BlackRock among key clients: Report.
Crypto HODLers Stash Bitcoin Worth $1.35B Each Month, Onchain Data Show.
ARK Invest updates spot Bitcoin ETF proposal in response to SEC criticisms.
🌐➖ Negative News ➖🌐:
Crypto exchange Bitstamp to end Canadian services in January
Jim Cramer thinks 'Mr. Bitcoin is about to go down big'
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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.