Short

Bitcoin - All time high TRAP - 33% CRASH soon!

Updated

Bitcoin almost reached an all-time high, but not yet. Wait for it; it will go above the previous ATH from 2021 pretty soon! And what happens after that? A lot of people will start buying the new all-time high, the news will be full of articles, and retail trades will buy the peak. Whales need liquidity, especially on BTC, so they will trigger a massive crash after that. I am expecting a 33% crash back to 50,000 - 47,000. But first, Bitcoin should hit 72,000 - 73,000.

From the Elliott Wave perspective, we have almost completed wave (3) of the entire bull market, and we are going to experience wave (4) soon. Then I am expecting wave (5) to finish the bull market; sometimes wave (5) can be super-extended and stronger than wave (3).

What's more, we have a huge unfilled fair value GAP below the current price, as you can see on my chart. These gaps tend to be filled sooner rather than later.

My suggestion for you is to wait for much lower prices. Buy Bitcoin at around 48,000 - 50,000. Do not FOMO in!

Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.

Note

The current price of Bitcoin is relatively expensive when it comes to halving cycles. Usually, before the halving, we never see a new ATH. But also, usually around the halving, we see a significant correction, at least 33%.

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Pre-halving crash 2016 - minus 40%
Pre-halving crash 2020 - minus 63%
Pre-halving crash 2024 - minus 33% ??

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I pretty much agree with the recent comments that Bitcoin is now fueled by institutional investors and huge crashes are no longer possible, but take a look at META stock (Facebook).

77% crash in 2022 - this was clearly a huge manipulation done by huge institutions to get a lot of liquidity.

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Right now, I am waiting for the price to hit 72,000 - 73,000. That would be a trigger to enter a short position on futures.

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Bitcoin is approaching 73,000 level. I am expecting a crash soon!

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Huge crash is starting! 33% correction.

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6.50% crash happened, but Bitcoin quickly recovered.

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Bitcoin is down almost 10% now. Expecting another crash soon.

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Parabolic trend broken, new analysis on BTC soon! But I can tell you that the parabolic trend is broken.

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12.52% crash so far, my Elliott Wave count:

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Bitcoin down 17% !

Xanrox

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