BITCOIN hasn't made a new high versus M1 money since 2017What does it do
You see what could be a continuation inverse head and shoulders
and the two targets.
PLAN B hot alot of people wrecked last time, and he still adamant #BTC will hit $500K this cycle.
The chart says otherwise
and more likely we peak above the high meet the linear target & double top (at least for now )
what say you?
Bitcoin (Cryptocurrency)
Tale of the Two Necklines! #Btc Markets take more than they give.
Can you survive what lower prices would do to your Mentality and portfolio
The reasons are unknown why prices are rejecting at these key levels
Clearly lack of appetite or belief at these levels, of the use case of Inflation protection.
But if regular people like me can see the weakness... then it only feeds on itself
To bring us down to more palatable levels where the opportunity outweighs the risks.
Simple as it may sound.
A 6X from 16k to 100K is more enticing than a 2.5X.
Upcoming manipulation on month/quarter openingOn the chart we can see beautiful mid-term liquidity formed on the recent distribution phase after December ATH. To proceed upward movement it has to be taken. Beginning of the month and quarter is a perfect time, especially considering big inauguration event on 20th of January.
IBITUSDT Analysis: Red Box Breakout PotentialIn IBITUSDT, the red box signifies a critical resistance zone. If price breaks and retests this level, it may present a long entry opportunity . That said, my overall expectation is for the correction to deepen further before significant upward movement.
Key Points:
Red Box Resistance: Monitor for a breakout and retest to confirm a potential long setup.
Deeper Correction Likely: Current market conditions suggest the correction could continue before recovery.
Confirmation Indicators: I will utilize CDV, liquidity heatmaps, volume profiles, volume footprints, and upward market structure breaks in lower time frames to validate entries.
Learn With Me: If you want to understand how to leverage CDV, liquidity heatmaps, volume profiles, and volume footprints for accurate market analysis, feel free to DM me.
Reminder: Always manage your risk and look for confirmation before taking any trades.
If this analysis helps you, please don’t forget to boost and comment. Your support inspires me to share more valuable insights!
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Bitcoin VS QQQ First ETF Launch Date RangeBitcoin first spot ETF approval is 10 Jan 2024 and QQQ ETF trade is 10 March 1999
By day pretty similar right ? 10 ?
Lets doing research with weekly range.
In QQQ first trade till QQQ top is around 54 bars (54 weeks), if this scenario implement in Bitcoin so 54 bars/ weeks after Bitcoin first spot ETF approve is in around 20 Jan 2025
If we deep dive on this date we see 2 big event in crypto
1. Trump inauguration
2. Gensler (SEC) step down
This is programmed ? no ones know.
But With Trump inauguration and Gensler step down seems like good to altcoin ?
So real alt season begin here ?
Where market maker ? can you tell me about this program ?
If we study about wyckoff distribution, this scenario also can happen like my idea here
But also Bitcoin chart now looks bad similar with April 2021 top here
With all of this bear scenario in Bitcoin, i hope China will make a something cool wind for global market like stimulus or something better
I am also doing projection with CNM2 (China M2) here
hopefully this CNM2 well played so we have alt season in 2025
Bitcoin 1D Pitchfork & Correlating Tops Where To Next For $BTC Basic little draw up from now just checking market sentiment with the MACD providing great analytical insight into where we are NOW and were we were MID bull run from $75k ATH to $109k. See the bearish MACD over the ATH of 75k and the same over the 109k ATH. We are back to zero on MACD we should see small dips or sideways movement but more volatile as price is higher. It will always seem more volatile as %s of BTC price are larger. So 10% drop or gain now on $93k is $9.3k where when 1 CRYPTOCAP:BTC was 9.3k 10% drop or gain was only $930! Yes same % loss or gain but more capital required to make or loose hat 10%. Still you can always order less but this is just a sentiment driver when you look at the % math of now and back in the day even 4 years ago or pre covid.
Currently we sit at $93,250 USD at time of writing. Up from the down turn to $91k. IF we keep the market moving up growing and more $ flow in to longs and or buying bitcoin the better.
I think also as its in a DIP phase people WONT be selling who brought in at or between 50k-80k. At least I wouldn't be. Even if it goes to any price pre Covid so under 25k~ This will take a while to occur with many chances to exit before or you will see much increase from where we are now.
The market sentiment is good. Its down but its still dominant and will be for another 10 - 100 years plus. It's almost perfect and the coins doing other things BTC can mostly achieve but in directly. However it is no1 and will stay that way for some time.
Love you Holders let us know you thoughts on this projection to upward of $200k within a few 6 months ?
Not finical advice I trade on my own and use my own methods the post here isn't method to trade its just an assumption of what could happen with little degree of success. Thanks for reading!
Bitcoin Analysis: Key Support Levels and Market Trends 25.01.01Hello, this is Greedy All-Day.
Today’s analysis focuses on Bitcoin (BTC).
Daily Chart Analysis
On the daily chart, Bitcoin is showing signs of rejection near the 99485 resistance level. The price has now moved back between the 20 EMA and 60 EMA, indicating a consolidation phase.
The red box supply zone remains a critical level.
If this zone fails to hold as support, the price could retest the lower support range of 70000–68000.
Weekly Chart Analysis
On the weekly chart, 89372 is the last line of defense for Bitcoin.
Key scenarios:
A breakdown below 89372 could lead to a correction down to the 82353 level, aligning with the weekly 20 EMA.
If selling pressure intensifies, the price could drop further to the major support zone at 73835.
Market Structure and Historical Context
Historically, Bitcoin has followed a pattern of one-way rallies to new highs, followed by extended corrections and sharp drops before resuming its upward trajectory.
However, since 2023, the pattern has shifted to a box-like, stair-step upward trend.
This reflects increasing liquidity in the market and the emergence of new cryptocurrencies, which has led to capital distribution across a broader range of assets.
Key Insight:
Significant corrections typically occur only when the weekly chart closes below the 60 EMA and subsequently faces resistance. Until then, the market may continue a long-term consolidation phase.
Conclusion
For margin traders, this zone offers limited buying opportunities.
Bullish Perspective:
There is no clear buy signal at this time.
Bearish Perspective:
The trend remains uncertain, but a failure to hold the 89372 support level could trigger significant selling pressure.
The daily chart is currently consolidating between the 20 EMA and 60 EMA.
While it’s unclear whether the next move will result in a golden cross or a death cross, a clear breakout in either direction is likely to drive substantial momentum.
Although this update doesn’t bring major changes to the previous week’s analysis, I’ll revisit Bitcoin as new developments emerge.
Let’s stay patient and trade wisely. 🚀
Ai & OnChain Opportunities | Crypto insights for 2025How Base, Ai & Pump Fun Will Shape the Crypto Market in 2025
2024: A Milestone Year for On-Chain Growth
The year 2024 may prove pivotal for onchain development, potentially rivaling the "DeFi Summer." Narrative driven investment opportunities are expected to proliferate, fueled by the widespread adoption of the “everything can be a Meme” concept and the rapid asset issuance popularized by Pump Fun. Meme projects can now launch without requiring top tier centralized exchange (CEX) listings, with market caps in the onchain space reaching approximately $1 billion. This presents significant profit opportunities for ordinary users, with toptier CEXs serving as the final stage for cashing out on-chain investments.
Challenges for Established Assets
Rising tensions between VCCoin and its community have led to underperformance for new assets listed on major CEXs, while older projects struggle to stay relevant. Many such projects lack motivation or fail to adapt to market changes, often adopting a passive strategy while awaiting unlock periods.
Key Predictions for 2025
1. DEX/CEX Monthly Volume Ratio to Exceed 20%
In December 2024, decentralized exchange (DEX) trading volumes hit a record $320 billion, marking over 200% year-over-year growth. The DEX/CEX ratio rose from 9.6% in December 2023 to 11.7%, peaking at 13.9% during the year. Continued improvements in Web3 wallets and on-chain tools, spearheaded by CEXs, along with the growing appeal of the Meme sector, are expected to accelerate user migration from CEXs to DEXs.
2. AI Agents/AI Meme Market Cap to Eclipse NFTs
AI Agents integrated with tokenization have emerged as the fastest-growing narrative, with the total market cap for related tokens reaching $12 billion. Frameworks like ai16z’s Eliza and Virtuals Protocol’s Game Framework have gained dominance, enabling rapid deployment of AI Agent tokens. Virtuals Protocol’s VIRTUAL token leads the sector with a $3.5 billion market cap, bolstered by a robust ecosystem of subtokens.
3. Emergence of Vertical Launch Platforms
The success of Pump Fun on Solana, a low-cost launchpad for issuing Memecoins, has inspired similar platforms across other networks. Specialized vertical platforms like vvaifu (AI Agents) and Pump Science (DeSci) are gaining traction. The expansion of the “everything can be a Meme” narrative is expected to drive demand for more niche launchpads.
4. Base Ecosystem Tokens to Debut on Binance
The Base network, an Ethereum Layer 2 developed under Coinbase, is predicted to have at least five native tokens listed on Binance’s spot market. With a concentrated ecosystem led by Virtuals and Farcaster, Base is positioned as a key contender for listings. Integration with Coinbase Wallet and the potential for favorable U.S. policies could enhance its competitive edge.
5. Hyperliquid’s Spot Market to Drive Wealth Effects
Hyperliquid, leveraging its HYPE token airdrops and novel asset standards (HIP1 and HIP2), is positioned to create exclusive wealth-generation opportunities. Projects like Solv Protocol and Azuki Anime have utilized its spot listing auctions, attracting significant interest. HYPE’s value, while substantial, will benefit from increased trading volume and partnerships with exclusive projects.
These projections reflect growing innovation in onchain development, with decentralized finance, AI tokenization, and specialized launchpads driving the next phase of market evolution.
BTC to 124k - Quick ThoughtsBitcoin is currently in a consolidation phase and is simply waiting to expand further toward 124k.
Ideally, we’d like to see the price take out the key low first and then head toward 124k.
If the price ignores the key low and goes straight to 124k, we can be pretty sure it will retrace at that level and then look to take out the key level afterward.
Bitcoin Hits $108K A 2024 Milestone and What’s Next?Bitcoin had an impressive rally, reaching $100,000, a milestone I never imagined we'd see in 2024. But not only did we hit $100,000, we soared all the way up to $108,392.28! It truly made my day, and I'm sure many others feel the same. We've all been holding for years, and I've been in cryptocurrency since 2009-2010. To witness Bitcoin hit 100k is nothing short of a miracle, and it's reflected in the charts.
I want to wish everyone a Happy New Year! It's been a fantastic 2024, and this is my final chart of the year. Right now, we're looking at Bitcoin forming a head and shoulders pattern. It's a bit sloppy, but it could work. The left shoulder, head, and right shoulder are clear, and if the price breaks below the neckline, we could see a drop all the way down to $73,607.06.
I hope the TradingView monitors will promote this post and not delete it. What goes up must eventually come down, and it looks like Bitcoin is heading that way. We might return to where we started, possibly all the way down to the rally from November 5th. Let's hope it doesn't go that low and instead halts at the point of interest around $83,000.
Wishing you all a wonderful and safe New Year! Thanks to the TradingView monitors for keeping most of my posts up this year only one got deleted. See you all next year! 2025
#BitcoinMilestone #NewYearCrypto
Whether the bottom section will be formed is the key
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
Happy New Year.
-------------------------------------
(USDT 1D chart)
USDT appears to have turned into a gap downtrend.
If it does not rise quickly, the coin market is expected to show a sharp decline.
(USDC 1D chart)
Fortunately, USDC is maintaining a gap uptrend, so there seems to be a possibility of price defense to some extent.
However, since USDC has a lower influence on the coin market than USDT, if USDT maintains a gap downtrend, the coin market is expected to eventually show a decline.
What we need to do is check the stop loss point of the coin (token) we currently hold rather than increasing new transactions and think about how much we should cut loss.
(BTCUSDT 1D chart)
The point to watch is whether the movement of BTC is as updated last time.
If the HA-Low indicator is created, it means that the current wave is finished and a new wave is starting, so whether there is support is an important key.
There is a possibility that the HA-Low indicator will fall after being created and show a stepwise downtrend, but the fact that the HA-Low indicator was created means that it is ultimately forming a bottom section, so it is a time to buy.
-
Thank you for reading to the end.
I hope you have a successful transaction.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
Happy Crypto New Year 2025! 🎉💰Happy Crypto New Year 2025! 🚀✨💰🎉
As we welcome another exciting year, let’s remember: 🔑 Your crypto wallet is like your toothbrush—keep it safe, private, and never share it! 🪥
🌟 2025 Crypto Resolutions for Success:
1️⃣ DYOR (Do Your Own Research): Before you HODL, read, learn, and understand. 📚
2️⃣ Embrace the DCA (Dollar-Cost Averaging) : Timing the market is tough; consistency is 🔑.
3️⃣ Secure Your Assets : Use hardware wallets and enable 2FA. Don't get rugged this year! 🔒
4️⃣ Stay Updated: Crypto trends change faster than your favorite meme coins’ charts. 📰
🚀 Fun Crypto Fact:
If you invested $10 in Bitcoin in 2010, you’d have over $250 million today. Start small—dream big! 🌌
🎭 Entertaining Thought:
"Crypto is the only market where people panic when prices are low and celebrate when it’s expensive. Let’s flip that mindset in 2025!" 🤔🎉
💡 Pro Tip for the Year:
The next bull run is built in the bear market. Learn, strategize, and prepare—2025 could be your year! 💼📈
To our amazing community:
This year, let’s not just trade—let’s grow, innovate, and dominate. Together, we’ll explore new opportunities in blockchain, NFTs, DeFi, and beyond. 🌍✨
🎊 Here’s to a prosperous, joyful, and crypto-filled New Year! Drop your 2025 crypto goals in the comments! Let’s inspire each other.
💬 #HODL #CryptoNewYear #Blockchain2025
Bitcoin is Ready to Fall by Flag Pattern!!!Bitcoin ( BINANCE:BTCUSDT ) managed to break the 50_SMA(Daily) in the past days, and this could be a sign for a further fall of Bitcoin .
Bitcoin is currently moving in a Heavy Support zone($95,000-$90,870) and is breaking the Support lines .
In terms of Classic Technical Analysis , the Bearish Flag Pattern can cause Bitcoin to fall further.
I expect Bitcoin to drop towards $91,000 minimum after breaking the Support line and a possible pullback, and if the Heavy Support zone($95,000-$90,870) is broken, we should expect more dumps .
⚠️Note: If Bitcoin breaks the Resistance lines, we can hope for a further increase in Bitcoin.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; 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.
BITCOIN LONG TERM 200K 250K BY SEPTEMBER 2025 !!Institutional Adoption: Major financial institutions are increasingly embracing Bitcoin, with companies like MicroStrategy and BlackRock investing heavily in the cryptocurrency. This institutional interest is expected to drive demand and boost prices1.
Regulatory Changes: Favorable regulatory developments, such as the approval of Bitcoin ETFs, are making it easier for investors to enter the market. These changes are likely to attract more institutional and retail investors, further driving up the price1.
Macroeconomic Conditions: With low interest rates and accommodative monetary policies, investors are seeking alternative assets like Bitcoin. This increased liquidity is expected to flow into cryptocurrencies, pushing prices higher1.
Supply Constraints: Bitcoin's supply is limited to 21 million coins, and the upcoming halving events will reduce the rate at which new Bitcoins are created. This scarcity is anticipated to drive up prices as demand continues to grow.
Historical Trends: Past halvings have been followed by significant price increases, and many analysts believe this pattern will repeat. The combination of reduced supply and growing demand could propel Bitcoin to new heights.
BITCOIN's Distribution, Greed and Dutch TulipsThe **Tulip Mania** of the 1630s was the original bubble—and it was as absurd as it was dramatic. Picture this: a single tulip bulb sold for the price of a luxurious Amsterdam townhouse. Traders flipped tulips like hotcakes, fortunes were made overnight, and the humble flower became a symbol of outrageous wealth and speculation.
Then, in February 1637, the fever broke. Buyers disappeared faster than a Dutch winter thaw, and the market collapsed like a poorly built dike. Those who had mortgaged their futures for tulips were left with nothing but petals and regret. It was a dazzling rise and a catastrophic fall—a timeless lesson in the dangers of speculative greed!
🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉
Why do I write about the Tulip Crash?
These days, not many young Trader and Investors know about it. And why not learn from the past?
Happy profits all.
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy
It was my mistake to give a big short analysis of Bitcoin before the distribution structure was formed.
Currently, by combining the analytical styles of Dow Theory & Wyckoff Theory with the combination of the classical price action technical analysis, RTM & ICT, we are witnessing confirmation of the market decline, while the majority have a bullish view of the market, having fallen into the trap of the market maker.
Look for a heavy Bitcoin sell position from the marked premium area, don't forget to get confirmation based on your style and manage risk and capital.
My Bitcoin Big Short Setup Targets :
Bitcoin's Bullish Momentum Continues!Hey traders, here's an exciting update on Bitcoin! In our last analysis, we discussed how BTC was testing the critical $93,800–$94,200 level, and guess what? Bulls have delivered!"
📈 "As you can see in the updated chart, Bitcoin has surged past the $94,000 zone and is now approaching the Bullish Week level at $95,772. This shows strong buyer momentum as BTC continues to hold above key support zones."
💪 Key Observations:
1️⃣ Support Retest Held Strong:
Bitcoin successfully held the $93,800–$94,200 range, flipping it into a firm support base.
2️⃣ New Resistance Tested:
BTC is now battling with the $95,772 Bullish Week level. Clearing this level could open the door to the next key target at $96,600+, aligning with the swing highs above.
⚡ What’s Next?
"If BTC can close above $95,800, the path toward $96,600 and potentially $98,000 becomes a real possibility. However, watch for any pullbacks to retest the $94,000 zone, which should act as strong support if the bullish trend holds."
🛠️ "For now, bulls are in full control, and the momentum is clearly favoring upside action. Let us know in the comments where you think Bitcoin is heading next!"
🎥 "Don't forget to like, subscribe, and hit the notification bell for more Bitcoin trading updates!"
#Bitcoin #BTC #Crypto #Bullish
Bitcoin's 2024 Halving to 2025 Peak: Will BTC Reach $294K?📌Historical Observations
- 2012 Halving → 2013 Top:
Duration: ~1 year.
Price increase: ~8,600% (from ~$12 to ~$1,150).
- 2016 Halving → 2017 Top:
Duration: ~1.5 years.
Price increase: ~2,900% (from ~$650 to ~$19,500).
- 2020 Halving → 2021 Top:
Duration: ~1.5 years.
Price increase: ~900% (from ~$8,600 to ~$69,000).
- 2024 Halving → Projected 2025 Top:
Halving price: ~$64,000.
📌Identified Patterns
- Time from Halving to Peak: Peaks occur around 1.33 to 1.5 years after the halving.
- Diminishing Returns: Growth rates decrease with each cycle:
2012 to 2016: ~66% reduction in returns.
2016 to 2020: ~69% reduction in returns.
Expected reduction for 2024 cycle: ~60-70%.
📌Projection for the 2024 Cycle
Duration to Peak:
Add 1.33 to 1.5 years to the halving date (April 2024).
Projected top: June to October 2025.
Price Growth:
Assuming diminishing returns, we estimate 300% to 360% price growth from the halving price.
Next Top Price=Halving Price×(1+Growth Rate)
300% growth: $64,000 × 4 = $256,000.
360% growth: $64,000 × 4.6 = $294,400.
📌Final Projection
Next Bitcoin Peak Price: Estimated between $256,000 and $294,400.
Timing: Likely between June and October 2025.
Here’s to a successful and prosperous trading year ahead! 🎉
You’ve got this! Let’s make 2025 your best trading year yet.
~ Rich
BTC ShortThe chart reveals a classic distribution pattern in the Bitcoin market, marked by a significant peak followed by a consolidation phase. Distribution occurs after a strong uptrend, and as the price stalls and starts to move lower, it signals a potential reversal.
Our target is set at the 50% retracement level of the upmove, located around $78,682. This level represents a key support area and is a typical target for a corrective pullback after a distribution phase.
Price has shown weakness at the recent highs, and as we move forward, we anticipate further downside toward this target zone which would offer a nice buying opportunity in discount for further upside.