Trump's coin impact!The recent surge of Trump Coin highlights how sudden market movements can disrupt price patterns and influence trading behavior across the broader cryptocurrency market. The rapid rise of Trump Coin, which soared by over 600%, sparked a wave of euphoria and speculation, drawing attention away from other cryptocurrencies and creating a ripple effect that reshaped
market dynamics.
The Trump Coin Phenomenon
Trump Coin's explosive price increase captivated both traders and investors, significantly shifting market focus. This wasn’t just a temporary spike, but an event with lasting consequences that drained liquidity and trading volume from other coins, concentrating interest on Trump Coin.
Impact on Other Cryptocurrencies
As Trump Coin gained traction, the wider market began to stagnate, with overall market indicators like TOTAL (representing total market capitalization) and TOTAL2 (excluding Bitcoin) showing little movement. This period of stagnation reflected a lack of fresh capital flowing into other cryptocurrencies, as most traders redirected their focus to the Trump Coin rally.
The following consequences were observed:
[/b ]Liquidity Drain: As attention turned to Trump Coin, many altcoins saw a significant drop in trading volume, resulting in price stagnation and periodic sell-offs.
Market Dump: Investors exiting their positions in other cryptocurrencies to join the Trump Coin rally contributed to temporary market dumps, amplifying the broader consolidation phase.
Psychological Shift: The excitement surrounding Trump Coin led to a more cautious "wait-and-see" mentality among traders, reducing overall market volatility as fewer positions were opened.
Consolidation Phase
In the wake of Trump Coin's rapid rise, other cryptocurrencies entered a consolidation phase, a common occurrence when the market experiences a lull or imbalance. This phase reflects a market seeking stability before the next significant movement, with many investors holding back as they await further developments.
Bitcoin (Cryptocurrency)
Bitcoin correction inevitableTime to Chart the King!
If you've checked my recent ideas, you'll find onefrom 11 December 2022 titled "Run it Back Turbo." Check it out!
Press the play button to see how I've pinpointed the perfect bottom!
Now, let's dive into why I've decided to close my trade:
Wave Count: I've marked the 5 waves we've seen so far.
Wave Comparison: Using the Date & Price Range tool, I've compared the size of wave 3 to wave 5. Wave 5 typically matches or exceeds wave 3, and you can see the King has done just that. How much more do you need to satisfy your greed?
ABC Correction: We're expecting an ABC correction where:
A Wave: Should hit the 0.382 Fibonacci level drawn from the bottom of the count to the current wave 5 peak.
B Wave: Logically, this would reach the 0.236 Fibonacci level.
C Wave: Expected to extend to the 0.618 Fibonacci level.
Fibonacci Retracement for Wave 5: If you draw a Fibonacci retracement just for the 5th wave, you'll see:
The A wave should touch the 0.618 level of this measurement.
The B wave goes to the 0.382
The C wave, as usual, should retrace fully to the 1.000 Fib level, where it began.
CME Gap: Check out the 1-day chart below to see there's still a CME gap to fill on the way down.
Monthly Close: We're nearing the first monthly close of Q1. Take a look at the RSI; there's a clear bearish divergence forming.
Liquidity Clusters: The liquidity clusters below look enticing and are prime for grabs, essential for further upward movements. Remember, this market thrives on the ping-pong effect with short stop hunts and liquidation hunts, followed by the same to the longs, rinse and repeat.
Here you see a freshly pulled LiqMap from The Kingfisher platform currently the only one I know of which can show you these clusters. As you can see we have a ton of liquidity to tap into before we can resume this bullrun!
Conclusion:
The King Needs to Reset!
No reason to be upset. Everyone needs a rest after such a run. We will resume our journey soon enough, reaching those higher targets sooner or later. See the bright side: we can sell now, load up at cheaper prices, and potentially make even bigger profits.
Follow me for updates to this idea and follow me on X for even more insights!
Even if it falls, you should prepare for an uptrend
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
The High Boundary Zone has been changed to the 101947.24-103706.66 range.
Therefore, anything above 103706.00 is considered a high range.
However, the basic 106133.74 point is likely to act as resistance.
-
The StochRSI indicator is showing a decline to the 50 point range.
Therefore, since volatility is likely to occur, a quick response is required when trading.
Therefore, the point of observation is whether there is resistance near 106133.74.
When a new candle is created, if the StochRSI indicator falls below the 50 point, the key point is whether there is support near 101947.24-103706.66.
If there is support, I think there is a high possibility that the uptrend will continue.
If the StochRSI indicator enters the oversold zone and falls below 101947.24 and shows resistance, you should check whether it touches the BW(0) indicator or the HA-Low indicator.
The 93576.0-34742.35 zone is expected to be an important support and resistance zone.
------------------------------
It seems that a lot of funds have flowed into the coin market through USDC.
Accordingly, the coin market is likely to show an upward trend soon.
As I said before, for the altcoin bull market to start, BTC dominance must fall below 55.01 and remain there or show a downward trend.
The maximum decline point of USDT dominance is expected to be around 2.84.
After that, since USDT dominance is expected to show an upward trend, the coin market is expected to show a downward wave.
If it goes up by 4.97 or more, I think you can definitely tell that a downtrend is in progress.
-
Based on the above coin market cap chart, this uptrend is expected to be the last uptrend.
Therefore, even if the price falls, a trading strategy that prepares for an uptrend is needed.
The point to watch is whether this uptrend can rise to the Fibonacci ratio point of 2.24 (116940.43).
This volatility period is expected to continue until January 31.
The next volatility period is expected to be around February 9-16.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range 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
-----------------
BTC, long or short? It could go either wayTriangle pattern on the Daily. Clearer on the 4hr. A bit choppy on the 1hr, 45 and 15min as would be expected. Pretty much respects 0.236 and 0.785, and more recently 0.5 and 0.618 Fib levels. I’m expecting an early morning breakout to the upside at the start of the week with $109k in sight. Chances are, if enough retail think it’s breaking out to the upside, price will probably flush out shorts with a strong wick up then liquidate longs on the way to $97,2k region. On the back of Trump signing crypto related executive orders, it might be assumed bullish news for the of N.Y open, but this is as much psychology as it is TA and FA. Keep your stops tight or sit this one out?
Bitcoin is gearing up for a rally. 120K target Bitcoin after the false breakout of resistance, which is associated with Trump's inauguration did not fall, but only consolidates near resistance. And this, I believe, is a very good sign that the price may continue its trend after exiting the triangle.
Scenario: Since after the strong growth and after the false breakout there is no fall and consolidation is formed, we can expect the continuation of the growth because I also point out a few more things:
- strong trend on senior timeframes
- locally the price does not update the minimums
- resistance retest is formed
- consolidation on the background of the uptrend.
Correspondingly: a break of the triangle resistance may increase buying interest, which may lead to another rally to ATH and even update it to 120K.
BTCUSD - Will history repeats itself ?This post is just a correction from a post I made last month
I missed on identifying correctly the pattern because I thought the middle of the channel would act as a strong support
ended up being wrong on the timing of the next wave up - not a big deal tho
I also profit of this moment to update the fractal path that's BTC is doing, as you can see the asset is just copying move from last year (in violet) this is quite interesting because it did this the whole cycle, i don't remember seeing this before but maybe i'm wrong
so yeah the violet bar patterns says we go great wave up in a few days can you believe it ?
i'll start to take profit next month but not sure 100% id like to see what is going to do Pectra update on Eth's price
Here's a bigger picture i made in November still working very well :
not financial advice
Cheers
Bitcoin Update: Bears Nightmare!Bitcoin decently moved as expected according to my last analysis and now is ranging between 90 - 107K for almost 2 months and now I expect the price to make another last correction to GETTEX:97K and grab the liquidity to make a new leg up to the new all-time high of $130K and start the main move to my ultimate target of $150K. The zone between 154 - 172K will be the final top for BTC in this cycle in my opinion and I will fully close all my positions and execute my profits whenever the price hits this zone. I hope you guys all be in profit and stay safe and always DYOR.
ONDO 4H TRADE SETUP ONDO is a very exciting project with massive potential in the tokenization of real world assets, an aspect of crypto that has many very high profile interested parties, such as BlackRock and now the US Government via the Trump administration. World Liberty Financial (which is run by the Trump family) has an ONDO position currently and has been adding to it over time, so what is the future of ONDO?
For me the chart has some key points:
- Structurally ONDO been bearish since the later stages of December, retracing 50% from local high and losing the 4H 200 EMA in the process before bouncing off the bullish Orderblock that started the end of year rally in the first place, a very strong support area.
That bounce was capped off by the bearish orderblock zone with rejection in that zone on four separate occasions, so we now have a local range with a clear S/R level at the midpoint.
- Within that mini range we have higher lows constantly which forms a diagonal support as buyers put increasing pressure on price to break through the Bearish orderblock. The 4H 200 EMA has also been reclaimed and in a bullmarket this level is a key level to consider, more so during a trending phase and not chop but still important in this situation.
- That's the technical analysis but money is made in execution of the trade. For me a reclaim of the bearish orderblock would be a bullish trigger for ONDO to climb back up the hill towards local high with consideration to set SLs in stages. The trade would be invalidated on a loss of the bearish orderblock flip as this Swing fail pattern often leads to a further sell-off.
- In a bearish scenario, say BTC misbehaves or some bad news hits the timeline I would step away from the coin if diagonal support is lost. I would look to become a buyer at the bullish orderblock which would give a higher probability entry with the range midpoint and bearish orderblock as targets for price to reach.
BTC still runs the market currently with alts not getting much liquidity, I do believe that will change soon going into the second half of Q1. Once Bitcoin can get a trend going altcoins will follow in my view.
Bitcoin struggles to break through Dec 17 daily close. In this video I discuss how Bitcoin could not break through the high from Dec 17 close ($106,187), and how that has been a significant resistance level even though Bitcoin has traded higher intraday, it has not been able to close above that level.
Solana: long term trends...GM gents!
Take a look at the trends that are active in the monthly and quarterly timeframe in $SOLUSDT.
The most optimistic long term scenario implies a 42 to 1 reward ratio, and gains worth more than 1700% from here...
It's easy to be swayed by short term noise and miss out on these insane gains, I have helped many people achieve such results in the past and can do it again, make sure to follow me here and in my socials.
Best of luck!
Cheers,
Ivan Labrie.
HelenP. I Bitcoin can correct to support level and start to growHi folks today I'm prepared for you Bitcoin analytics. In this chart, the price declined to the trend line and then rebounded and started to grow inside the pennant, where it soon reached the support level. After this movement, the price broke this level, which coincided with the support zone and made a retest, after which continued to move up to the resistance level, which coincided with the resistance zone. Then BTC made the small correction, after which in a short time, it rose to the resistance zone and then made a correction movement to the 99500 support level. Next, the price made a strong impulse up to 109560 points (NEW ATH), breaking the resistance level, but soon turned around and dropped back to the trend line. Price some time traded near the trend line and then rose to the resistance zone, after which turned around and started to decline. In a short time, BTC fell to the trend line, broke it, thereby exiting from the pennant pattern also, and then continued to fall. At the moment, the price continues to decline and I expect that BTCUSDT will decline to the support level and then start to grow to the resistance level. For this level, I set my goal at 105800 level. If you like my analytics you may support me with your like/comment ❤️
BTCUSDT ( BITCOIN ) TODAY'S MAPPING IN 4H TF MUST CHECK IT OUT Hello Guy's Welcome To Another Day Of TRADING
Here we are mapping chart of BTCUSDT ( BITCOIN ) in 4-Hour TF
Our chart shows Bitcoin's price moving within a triangle shape. The price is going up and down, getting squeezed into a smaller range.
What this means: The price is preparing for a big move, either up or down.
If it breaks up: The price might increase a lot.
SUPPORT LEVEL 103,500
2ND SUPPORT. 102,000
TARGET IS 106,500 - 108,000
If the price breaks above resistance, it’s a bullish signal. If it breaks below support, it’s bearish.
If it breaks down: The price might drop, possibly toward the orange zone (2nd support area).
BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on BITCOIN right now from the resistance line above with the target of 96,962 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
BTC take the 100k lows and pump.I'm waiting for some or all of these lows to be taken out before Bitcoin puts in its next leg up.
Lots of liquidations sitting below them and liquidity now taken from above 106400.
Looking to bid that sweep for the next bullish leg, a daily close below 100k would invalidate this idea.
Bitcoin midterm and short term BEARISH,Increasing VolatilityI am currently bearish again in BTCUSD.
After hitting all time high in December 2025
as expected BTCUSD was not able anymore to increase gains.
THE LONG TERM TREND IS BULLISH; BUT MID AND SHORT TERM TREND bearish.
Above 100.582 although it seems that bulls gain power, the bears attack fast and successfully
the bulls. (orange area).
In the chart you see how I dvided the prices into two categories(red+green areas) OR WHERE BULLS (green) and bears(red) have control.
AT 100K;9560 specially volatility increases fast, a sign that these areas are fought by both powers. In these ares mayn false signals and false breakouts on both sides are possible.(fire)
A drop below 90560 leads BTC to 81229,73k and 68,7K
Below that area we will face a choppy but volatile market. The increaisng of volatility gains power of news,(also fake news), sudden catalysts.So be aware specially in those areas.
The long term POC(Magnet sysmbol) is located at 49559 now.That is very important as
these locations are very big magnets and attracting the price.
In between we have very dangerouse gap that is also attracting BTCUSD price.(see the Chart)
Here some important new of the last days and my interpretation that align with my bearish signal:
Republicans will still have to deal with the debt ceiling in 2025....(the news and Interpretation how it will affect financial markets and crypto in 2025)
Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish. Addressing the debt ceiling, which will be reinstated on January 2, is still on the list of congressional Republicans’ New Year’s resolutions. The House last week fell far short of passing a two-year extension of the suspension of the limit as part of a GOP-led government spending bill.
👉M y Interpretation:
Here’s how it could impact Bitcoin and the markets in general:
The news regarding the U.S. debt ceiling highlights a potential risk to financial markets and the broader economy in 2025. Here’s how it could impact Bitcoin and the markets in general:
Key Points from the News
Debt Ceiling Reinstatement
The U.S. debt ceiling will be reinstated on January 2, 2025, and congressional Republicans are expected to address it. A debt ceiling crisis can cause political and economic uncertainty, especially if there is a failure to raise or suspend the ceiling.
Government Spending Package
Last week, Congress passed a government funding bill that did not address the debt ceiling, disappointing President-elect Donald Trump’s wishes to resolve the issue sooner.
Potential Market Impact
Debt ceiling crises in the past have led to market volatility, particularly in equities, as investors react to the uncertainty and the potential for a government shutdown or a default on U.S. debt obligations.
Implications for Bitcoin and Markets
Increased Risk and Volatility
Debt ceiling concerns often create broader market anxiety, especially in traditional markets. Bitcoin, being seen as a "safe-haven" asset by some investors, could experience increased interest if there are fears of U.S. financial instability, a default, or a downgrade of U.S. credit.
Demand for Alternative Assets
During periods of heightened economic uncertainty or risk of financial crisis, assets like Bitcoin and gold are often viewed as alternative stores of value. Investors may seek refuge in these assets, increasing demand and possibly providing upward pressure on Bitcoin prices.
Risk of U.S. Dollar Volatility
Dollar volatility due to the debt ceiling issue could also lead to heightened interest in Bitcoin. A weakened dollar could boost Bitcoin’s appeal as a hedge, pushing prices higher. Conversely, if the U.S. government resolves the debt ceiling issue efficiently, the pressure on Bitcoin may ease, and its price may fall.
Market Sentiment and Speculation
Given Bitcoin's speculative nature, market participants may react strongly to news surrounding the debt ceiling. Speculative trading could amplify price swings, especially as investors price in possible outcomes of the debt ceiling debate.
How This Affects Your Bitcoin Position
Potential for Volatility(Fire symbol in the chart)
If the debt ceiling issue creates a crisis, Bitcoin could see increased demand as a safe-haven asset, potentially driving prices higher in the short term. However, if the situation stabilizes without a major crisis, the demand might subside, and Bitcoin’s price could stabilize or decline.
Key Resistance and Support
Watch for key levels around the current Bitcoin price (e.g., $93K-$95K). If the debt ceiling crisis intensifies, these levels could be breached in either direction depending on market sentiment. $90K and $85K remain critical support zones if the bearish trend continues.
Monitor Global Sentiment
Keep an eye on broader market sentiment, especially around U.S. debt ceiling developments and their effects on traditional financial markets. If broader markets experience a sell-off due to debt ceiling issues, Bitcoin could initially benefit from a flight to alternative assets.
Conclusion
The debt ceiling issue is a significant risk factor that could cause increased volatility in both traditional financial markets and Bitcoin. Given Bitcoin’s reputation as a hedge against uncertainty, the news could lead to short-term price increases if investors flock to it as a safe-haven asset. However, it’s essential to monitor how the U.S. government addresses the issue and the overall market sentiment. Continue to manage risk carefully, as the situation may evolve quickly.
Bitcoin’s ‘Kimchi Premium’ Jumps Amid South Korean Political Turmoil (this news+ 👉I nterpretation)
“Kimchi Premium,” which refers to the price gap between Bitcoin on South Korean exchange Upbit compared to Coinbase, has surged to the range of 3-5% this week, according to data compiled by blockchain data platform CryptoQuant. An increase in the metric usually indicates an elevated demand from South Korea-based investors in Bitcoin. The same metric for stablecoin Tether also has surged to the similar range.
“South Korea faces an unprecedented wealth outflow amid political turmoil, declining birth rates, and slowing growth,” said Ki Young Ju, founder and CEO of CryptoQuant. “Inflation fears drive conversions of won assets into US stocks, Bitcoin, gold, and dollars. Many crypto investors prefer exchanges over banks, with Tether and Bitcoin trading at 2-5% premiums.
👉I nterpretation:
This news about Bitcoin’s "Kimchi Premium" highlights the dynamics of South Korea's crypto market amid political and economic turmoil. Let’s break it down in the context of trading approach and bearish signal:
Key Insights from the News
Kimchi Premium Surge (3-5%)
The "Kimchi Premium" reflects the higher price of Bitcoin on South Korean exchanges compared to global exchanges like Coinbase. A 3-5% premium signals elevated demand from South Korean retail investors.
This surge suggests strong local buying interest, likely driven by uncertainty in traditional markets and the weakening South Korean won.
Inflation Concerns and Asset Diversification
Wealth outflows and inflation fears are pushing South Korean investors to move their capital into alternative assets, including Bitcoin, Tether, US stocks, and gold.
A preference for crypto exchanges over banks adds to the demand, with Bitcoin and Tether trading at a premium.
Political Turmoil
President Yoon Suk Yeol’s martial law declaration, impeachment, and the ongoing crisis have destabilized financial markets. The uncertainty adds to investor anxiety, further increasing the demand for alternative assets.
Retail-Driven Market
South Korea’s crypto market is predominantly retail-driven due to restrictions on corporate accounts. This means that market sentiment and speculative activity significantly influence prices.
Weakened South Korean Won
The won's decline against the US dollar (0.35%) adds to the appeal of USD-denominated assets like Bitcoin and Tether. This could sustain or even expand the premium.
Implications for Bitcoin's Price
Short-Term Buying Pressure in South Korea
The Kimchi Premium surge indicates localized demand but doesn’t necessarily mean a global price rally. The premium reflects South Korea’s retail enthusiasm, not broader market strength.
Impact of Retail Speculation
Retail-driven buying can create short-term upward momentum but often lacks the sustainability of institutional-driven demand. If global macro factors or technical resistance levels remain bearish, the local demand may not prevent further declines.
Risk of a Bubble or Sudden Sell-Off
A rising premium can sometimes signal excessive speculation. If South Korean retail investors begin unwinding positions, it could lead to a sharp local correction, adding selling pressure to global markets.
How This Aligns with Your Bearish Signal
Localized vs. Global Trends
While the Kimchi Premium shows localized buying pressure, your bearish signal likely reflects global market trends. Bitcoin’s recent drop from $104K to $93K aligns with broader market dynamics and not just South Korea-specific activity.
Watch for Technical Reactions
If Bitcoin approaches key support levels (e.g., $90K), South Korean demand could provide temporary relief. However, a failure to hold support might invalidate local demand as a bullish factor.
Evaluate Reversals Cautiously
Even with rising demand in South Korea, monitor if the global bearish trend shows signs of reversal (e.g., higher lows, breaking key resistance levels like $95K-$100K). Until then, stick with your bearish outlook.
Key Levels and Trading Strategy
Support Zones
Key levels to watch: $90K and $85K. A break below these could signal further downside, regardless of localized buying interest.
Resistance to Watch
If Bitcoin rebounds, resistance at $95K-$100K will be crucial to determine whether the bearish trend is weakening.
Potential for False Breakouts
South Korea-driven price spikes might create false breakouts. Ensure your technical signals confirm any potential reversal before adjusting your strategy.
Bottom Line
The surge in the Kimchi Premium reflects localized demand due to South Korea’s political and economic instability. However, this does not necessarily negate the global bearish trend you've been following. Continue monitoring global signals, support/resistance levels, and whether the localized buying pressure can translate into broader market strength. Stay disciplined and adapt your strategy based on technical confirmations rather than isolated news events.
News2 Why Bitcoin (Still) Likely Has Not Reached a Cycle Top Yet
Over a longer-term horizon though, there are plenty of indicators that suggest we may still be a way, in both time and price, from a cycle top in Bitcoin.
The MVRV (Market Value to Realized Value) Z-score, which compares the current price to the aggregate cost paid for all outstanding Bitcoin, has moved up from the < 1 level that has historically marked bear market bottoms in early 2023 to roughly 3 as of late December 2024.
👉I nterpretation
Let's break down this news in the context of your bearish signal on Bitcoin and how it could influence the current market dynamics:
Key Insights from the News
MVRV Z-Score at ~3
The MVRV Z-Score is used to assess whether Bitcoin is overvalued or undervalued relative to its historical patterns. Historically, cycle tops occur when this metric moves significantly higher, often near 7.
At a Z-Score of 3, the news implies that Bitcoin is still below levels historically associated with a cycle top. This suggests there could still be room for upward movement in the longer term.
Long-Term Holder (HODLer) Supply Decline
A 7% drop in the proportion of Bitcoin held for over a year indicates increased selling pressure from long-term holders. This release of 1.4M BTC into the market adds to the supply, creating potential headwinds for price growth.
Despite this, the news points out that cycle tops typically occur when this indicator drops further, suggesting we haven’t yet reached that point.
ETF Inflows and Market Offset
While long-term holders have been selling, some of this supply pressure has been absorbed by large ETF inflows. However, this balancing act might not sustain the price if selling accelerates.
Uncertainty in Historical Patterns
The article emphasizes that Bitcoin’s historical cycles may not repeat exactly due to limited data. This means that while historical indicators suggest the cycle top isn’t yet reached, the current cycle could deviate.
Implications for Your Bearish Signal
Short-Term Downtrend
The bearish signal you received two weeks ago aligns with the current price drop from 104K to 93K. This selling pressure might be attributed to long-term holders liquidating part of their positions, as the news mentions.
Medium- to Long-Term Outlook
Despite the short-term bearish action, the MVRV Z-Score and HODLer supply suggest the cycle top may still be ahead. This means the current drop might be part of a broader consolidation or retracement before another rally.
ETF Inflows as a Buffer
While long-term holders selling adds pressure, ETF inflows could stabilize the market. Watch for news about ETF approvals, inflows, or rejections, as these could heavily influence Bitcoin’s next move.
How to Align with Technical Analysis
Short-Term Action
Stick with your bearish signal for now, as the price trend supports it. If Bitcoin continues to fall or fails to hold key support levels (e.g., $90K), the bearish trend could intensify.
Monitor Key Levels
Watch for significant support zones (e.g., $90K or $85K). A break below these levels could validate further downside.
On the flip side, if Bitcoin starts consolidating and moves back above $95K or $100K, it may signal a potential reversal.
Use Leading Indicators
Keep an eye on the MVRV Z-Score, HODLer behavior, and ETF news. A change in these metrics could signal whether the bearish momentum is temporary or part of a broader trend.
Bottom Line
The news indicates that the current bearish trend might be a retracement within a larger bull market. However, in the short term, supply pressure from long-term holders and bearish technical signals could continue to drive prices lower. Stay cautious, manage risk, and monitor both the technical levels and fundamental indicators closely. This combination will help you navigate the market effectively.
BITCOIN What will happen in the short term ?According to my calculations, the price will reach $112K in the short term.If triangle not broke from down!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BITCOIN will reach $1 million in 2041.Bitcoin / BTCUSD hit last month the once unthinkable benchmark of $100k.
It took 2 Cycles to do so since it reached the previous benchmark of 10k.
The log sequence of hitting those benchmarks started at $0.10. It took quarter (0.25) Cycle to go from 0.10 to $10, i.e. x100 jump.
The next x100 increase was from 10 to $1000 and it took BTC half (0.5) Cycle to do so.
Then we move to the x10 jumps, 1000 to $10000, which took it a perfect 1 Cycle.
We already discussed above 100k and the pattern is obvious. For each of those logarithic jumps, Bitcoin needs double the time, i.e. it doubles the previous Cycle expectancy.
This means that for the million dollar mark ($1million), it should take 4 Cycles to do so (2 Cycles it needed from 10k to 100k x 2).
This gives us a rough estimate for the end of 2041!
Realistic or not in your opinion?
Follow us, like the idea and leave a comment below!!
Shiro Neko: Possible to Reach 5B in FebruaryShiro Neko is about to cut two zeros soon! On the MEXC chart, we can see the token approaching the next structure within the Keltner channel. In the coming days, we might witness the highly anticipated surge of Shiro, with the potential to reach a $2 billion market cap, as outlined in the project's plan, and progress toward the $10 billion milestone.
While this is not financial advice, Shiro Neko shows extraordinary potential, with projections of over 10,000x gains in the future, supported by an active community and a seasoned team. Being developed by the same creator and team behind Shiba Inu, we can trust they know the path to success.
My targets are above $3 billion market cap, so we’ll keep a close eye on Shiro's movements in the coming days. With more exchange listings on the horizon, the future looks bright.
Happy trading, everyone! 🚀 MEXC:SHIROUSDT BINANCE:SHIBUSDT COINBASE:ETHUSD