Where is the end point of Bitcoin's bullish trend?
Updated
In my opinion, today seems to be Bitcoin's last bullish day.
Likely, tonight or tomorrow, we might witness a small FOMO wave leading to the range of $73,000 to $74,000 ( Area $3.80~$3.75 USDT.D)
I suggest you read the previous 3 analyzes.
I would be happy if you share your opinion with me.
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Likely, tonight or tomorrow, we might witness a small FOMO wave leading to the range of $73,000 to $74,000 ( Area $3.80~$3.75 USDT.D)
I suggest you read the previous 3 analyzes.
I would be happy if you share your opinion with me.
Give me energy by liking and following me.
Note
Even in the RSI indicator, signs of the end of the bullish cycle are observable.Trade active
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It will be updated soon.Trade active
The analysis I have conducted so far is the most comprehensive. I hope I can improve my level.
Friends, please note that no trend emerges with just one candle either upwards or downwards, so this marks the beginning of a market shift from bullish to bearish. In my opinion, every upward movement provides an opportunity to take a short position. It's possible that Bitcoin may experience upward changes tonight that lead to a bull trap. Media outlets may announce negative news to fuel further declines.
As I mentioned before, a strong trend requires a pullback. A trend without a pullback is both FOMO-inducing and fragile.
The market, like a ruthless monster, brings in profits from fresh entrants and takes them away.
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Hello friends, I hope you have all made profitable trades.
Please pay attention to the yellow rectangles.
The market maker has accustomed you to repetitive patterns.
A sharp and emotional correction, followed by a price reversal and a new all-time high.
This is a psychological game.
The market maker is much smarter than you and me.
When you comfortably take a position, the market punishes you.
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Bitcoin has repeatedly proven to us that there is no permanent resistance or support, and no analysis is one hundred percent accurate.
Please note, the halving is just 36 days away. Many greedy investors are entering the altcoin party seeking astronomical profits.
The market must punish them. Four years ago, I was in the same situation.
The crash before the halving is terrifying and ruthless. I still remember the news of the Chicago CME exchange shutting down.
In my opinion, the whales sold the $73,000 Bitcoin to the people and fled.
Possibly, the range could be the end of wave "a" at 60k~63k$
A correction within wave "b" to the range of 66 to 68 thousand (bull trap)"
And finally, wave "c" known as the killer wave.
In my opinion, the main Bearish will start from next week.
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RSI worked fine.
Note
Hello friends, comment the name of a altcoin, get a time analysis and roadmap.Trade active
Hello dear friends, I hope you're all doing well.To better understand the market, I've decided to review a few important cryptocurrencies in terms of dominance.
1. Bitcoin: It seems the overall view from my previous analysis was correct, and we're proceeding along the same lines. The only aspect reviewed was the time analysis. As you can see in the chart, we're entering a new time analysis on Saturday. In general, there's a possibility of two scenarios:
A: Market excitement, touching the 54% dominance range, and then a downturn.
B: Bitcoin's downward pullback to the 69,000 range and a significant drop (in which case dominance would drop from this area).
Note that considering USDT.D conditions, Bitcoin's price, and the proximity to the halving, breaking this trend currently seems unlikely. I believe the trend break will occur on the fourth encounter.
2. Solana dominance (SOL.D): Solana and Bitcoin dominance show a similar time analysis. Therefore, the time analysis from Saturday, March 19th to Thursday, March 28th is crucial for the market cap. Possibly news regarding the sale of FTX assets and others may have a significant impact on Solana's price.
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In my opinion, at this stage, we should consider all aspects before discussing the historical ceiling or the $250,000 space price further.
I don't think news that everyone knows necessarily affects the trend. I guess only my grandma didn't mark the halvings on her calendar 😂
Due to this, I examined the two halving events:
Halving 2020:
As most of you remember, two months before the halving, the coronavirus became widespread, and the CME Chicago exchange closed. Bitcoin took only 7 days to plummet by 55%.
Halving 2016:
Millions of dollars worth of crypto were hacked before the halving, and after the halving, news of Bitcoin bans in some countries surfaced. Both events resulted in a 30% drop.
So, the conclusion is that the beginning of halving doesn't necessarily mean we can open long positions of 50 or 100 leverage.
Many individuals, driven by excitement, sold their homes and cars, incurring irreparable losses.
One interesting point is the similarity between the halving ranges of 2016 and 2024. In terms of chart structure and media coverage.
Market maker postponed CZ's criminal court date to late April. Remember, after Satoshi Nakamoto, the most influential person in crypto history is CZ.
I think from April 23rd to 26th, other whales will sell off their assets. The volume and type of charges will be so influential that most markets will undergo changes.
I think many market leaders and important policymakers' names will be mentioned in the trial process.
From April 25th to May 15th is the range for the formation of wave c.
These are just guesses and speculations. Expect any news.
Never forget, the media is in control of the market.
Note
Hello dear friends, I would be happy to hear your opinion about the analysis.Do you read it completely?? Should I continue this process?
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Hello friends, I hope you found this analysis useful.Note that this was just the beginning of wave A, and we might see a decline of up to $60,000.
Important point:
Bitcoin's dominance is still moving sideway.
During wave C, both Bitcoin and BTC.D experience simultaneous declines.
The decline becomes significantly more severe.
Trade closed: target reached
Note
If I take the childish mistake of FVG at face value, this is my best and most accurate analysis. Take the time to read the analysis; it's a classroom lesson.
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