Bitcoin Analysis 🕯(Master Candle)🕯👋Hi, I hope you have a great weekend.
📚It is better to know that candles are considered as passports for charts. Candles alone or together ( candlestick patterns ) can convey concepts to us that help us identify price trends, and these patterns are in higher time frames , more volume and closer to standard patterns , the more valid they will be.
📉Today, I want to analyze the Bitcoin daily candles for the last week , which, along with the previous analysis, may help us identify the Bitcoin trend .
🕯If you look closely at the candle from five days ago in the daily time frame , you will see a candle with a red body , long and high volume , which contains five candles so far. The name of this candle is Master Candle .
📚 What is Master Candle ❗️❓
🔸 There are different ways of looking at this trading strategy, but in its simplest form, a Master Candle is a candle which contains the highs and lows of at least the next four candles after it. It can be applied to forex, gold, oil , crypto, stocks, and indices.
🔸 When a Master Candle forms, a trade is taken if the High/Low breaks , taken of course in the direction of the break.
💡Also, candles number 2 , 3, and 4 together and on the 🔴 Resistance zone($43,560-$42,780) 🔴 form the Evening Star Candlestick Pattern , which is one of the bearish reversal patterns .
💡Another point that may give us more insight into the value of this Master Candle is that this Master Candle is the longest and most voluminous daily Bitcoin candle since Bitcoin started its rally at $25,000 , and the other point is that this Master Candle has appeared at the top of the ascending channel and near the 🔴 Resistance zone($51,500_$45,340) 🔴 and the Regular Divergence(RD-) between two consecutive peak s can be seen.👇
💡Finally, before making a better conclusion, let's take a look at the weekly candlestick . The weekly candlestick has also formed a Hanging Man Candlestick Pattern near the 🔴 Resistance zone($51,500_$45,340) 🔴 and above the ascending channel . Hanging Man Candlestick Pattern is a bearish reversal pattern .👇
🔔As a result, I expect Bitcoin to decline and at least fill the 🔵 CME Gap($40,325-$39,290) 🔵 before falling to the 🟢 Support zone($39,000-$37,000) 🟢, given the Master Candle's red body and other analyses I shared with you earlier.
❗️⚠️Note⚠️❗️: If Bitcoin can break the High($43,810) Master Candle upwards, we can expect Bitcoin to rise to the 🔴 Resistance zone($51,500_$45,340) 🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), Daily 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.
BTCUSDTPERP
🚨Bitcoin is Ready to Fill CME Gap🚨✅As I expected, Bitcoin touched the 🔴 Resistance zone($43,180-$42,820) 🔴 .
🌊According to Elliott's wave theory , Bitcoin is completing a corrective Zigzag(ABC/5-3-5) pattern.
🔔I expect Bitcoin to decrease to at least the Support line after completing the Zigzag correction structure, and if the support line breaks, we can expect 🔵 CME Gap($40,325-$39,290) 🔵 to fill.
❗️⚠️Note⚠️❗️: If BTC can break the $44,720 , the Scenario will change.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🚨The End of the Bitcoin Rally(💡Signs💡)🚨👋Hi, everyone. I hope you had a great weekend.
🧐Today, I decided to answer the question of whether Bitcoin has reached the end of the Bullish Rally or not ❗️❓
⏰To answer the above question, it is better to look at the Bitcoin chart in the higher time frames, such as daily, 2-day, or weekly.
🌐Bitcoin started to increase after the confirmation of ETFs , but it seems that the result of the news should NOT help Bitcoin anymore, because the reality is that no money has entered the market through companies and we have to wait for the approval of ETFs and then their implementation phase. So it seems that the cryptocurrency market has increased well so far with this news, although when the entry of ETFs is done , we can see more growth of Bitcoin ( According to the news, the first ETF will be approved on January 8-10 ).
💡If we look at the 2-day chart of Bitcoin, we will realize that Bitcoin has been moving in an Ascending channel for more than a year .
💡Another interesting point is that the Pitchfork lines played the role of Support and Resistance very well on the Bitcoin chart so that every time a line breaks upwards, Bitcoin moves up to the upper bar.
🏃♂️Bitcoin is moving near the upper line of the Ascending Channel , one of the Pitchfork lines(0.618) , and the 🔴Resistance zone($51,500_$45,340)🔴 .
🌊In terms of Elliott wave theory , Bitcoin seems to have completed the second impulse wave 5 [ although I expected Bitcoin to touch the 🔴Resistance zone($51,500_$45,340)🔴] .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.
💡If Bitcoin touches the price range of $34,000-$34,300 , a large amount of LONG positions are exposed to the risk of liquidation , which is unfortunately attractive for exchanges .
💡One thing that can be said about Volume Trading is that, in general, the Volume Trading in the second five impulse waves is much less than the first five impulses == Not a good sign for the continuation of the upward trend of Bitcoin.
💡Another sign that can confirm the decline of Bitcoin is the presence of 🔵 6 CME Gaps 🔵; according to my research, Bitcoin has never created more than 5-6 CME Gaps in one direction, and in the past, Bitcoin has either been in an upward trend or moved down and filled these CME Gaps.
💡In addition, Bitcoin's Dominance(BTC.D%) has approached the 🟡 Price Reversal Zone(PRZ) 🟡, which will indicate the decrease of Bitcoin's dominance in the Cryptocurrency market in the future.👇
🔔I expect that Bitcoin will NOT be able to go above $44,700 in the next days and will fall to the 🟢 Support zone($39,000-$37,000) 🟢 and fill the 🔵 first CME Gap($40,325-$39,290) 🔵 and then spend some time above the support zone. The news of the approval of the fund, if it happens in January, can give temporary growth to Bitcoin, but it seems that the correction will continue at least until the lower line of the ascending channel and the 🔵 Second CME Gap($34,295-$34,160) 🔵.
❗️⚠️Note⚠️❗️: I will try to update you in the lower time frame every day.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 2-Days 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.
🗺️Bitcoin Roadmap🗺️👋Hi, everyone; I hope you all have a positive Portfolio these days (be happy).
✅Bitcoin managed to break the 🔴 Resistance zone($38,650-$37,000) 🔴 [ In previous posts, my resistance zone was 🟡Price Reversal Zone(PRZ)🟡 ] and Important Resistance line during the weekend. However, this zone was not expected to break on Saturdays and Sundays when trading volume was generally low .
🏃♂️Bitcoin is moving on Important Resistance lines , Monthly Resistance (3) . It is interesting to know that all previous stations were on monthly pivots in the last two to three days.
🌊According to Elliott's wave theory , Bitcoin is on its way to completing the main wave 5 .
🌊If we want to look more closely at the waves, Bitcoin is currently completing microwave 3 of the main wave 5 .
🌊 Microwave 4 of microwave 3 of main wave 5 can end on one of the 23.6%($42,730) and 38.2%($41,676) Fibonacci lines.
💡 On-chain data shows that many Bitcoins have been purchased in the range of $45,000 and that medium-term Bitcoin holders are at a loss until now. If the price reaches this area, it is possible that a large number of holders will want to sell their Bitcoins at Breakeven !
🔔I expect Bitcoin to make the first attack on the 🔴 Heavy Resistance zone($52,130-$45,840) 🔴 to complete microwave 3 of the main wave 5 . It is also likely that the first 🔵 CME Gap($40,325-$39,290) 🔵 will be filled after completing the main wave 5 .
📚There are at least 🔵6 CME Gaps🔵 that Bitcoin has not yet filled; generally, over 98% of these gaps have been filled in Bitcoin.
📚 Elliott waves include a series of Rules and Guidelines that you can analyze and predict the road map of the price. In general, in the theory of Elliott waves, you are faced with several scenarios that you should find the correct scenario with the help of other technical analysis tools and fundamental analysis and try to identify the correct scenario from the false scenario.
❤️In the end, here is some advice for you as a little brother:
🔸 TradingView website has provided us with a suitable space to transfer our analysis, so it is better to use it and not waste our time on destruction or ugly comments.
🔸If you have any comments, please share them with respect .
🔸 No analysis is 100% , so if you use analysis as an investment, it is better to follow capital management and take responsibility for it yourself.
🔸Please don't look at the words of Celebrities about the price of Bitcoin and other Altcoins as an investment ; check their past, and the truth will be clear(These days they are hot).
🔸I hope we can use TradingView to increase our capital and knowledge .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-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 Another disappointment for the bearshello dear trader and investors
If you follow my page, you know that I have already said that you should only buy Bitcoin, an economic crisis is coming...
Today I want to present another analysis
Bitcoin has reacted to the 0.23 Fibonacci retracement wave... the next target according to the harmonic pattern can be the 2.616 Fibo savior... which is a prz savior consisting of:
(dynamic resistance + fibou 0.618 + harmonic (ab=cd 2.618)
Another disappointment for the bears
good luck
Mehdi
BTC POSSIBLE RETRACEMENTAs the BTC bears push the market to the downside, the possibility of a possible retracement to the 41.6k-41.8k price regions. This pullback is ensured to begin the second wave of the Luftwaffe, Let's see how this market plays out this time period. Please tell me your thoughts o the comment section.
P:S
LWC - Luftwing Candle
1WL - 1st wave Luftwaffe
2WL - 2nd Wave Luftwaffe
Bitcoin BTC price moves according to fractal from the past v.2As we wrote in our previous idea, the Bitcoin price has been in a critical zone in recent days.
Tonight, sellers decided to step up and activated the red fractal from this idea:
At this idea depicted another fractal that was already on the BTCUSDT price chart. The logic of this fractal, and therefore the behavior of buyers/sellers, is similar to the fractal from the previous idea. However, there are slightly deeper drops here, but they have a chance to cover most of the CME GAPs that were formed during the current growth wave.
1. GAP $39310 - 40480, touched, but not yet completely filled.
2. Gap $34100 - 34400, not filled
3. GAP $27000 - 27300, not filled
Now you need to closely monitor the indicators of USDT.D and BTC.D, because now there is a redistribution of capital: part of it goes to usdt, and the other part hastily goes to the "selected" altcoins that did not have time to reach the desired target at this bull run.
Therefore, the next 1-3 days will be quite volatile, and we recommend that you refrain from trading with leverage.
Two events will also "add fuel to the fire" of position breakouts:
- 12.12.2023 - the announcement of the latest CPI
- 12/13/2023 - the announcement of a new FED rate, the last in 2023, and the speech of Mr. Powell's speech on the outlook for the economy and financial markets in 2024
If you are interested in reading our thoughts and experience, please be active: like and comment on the idea. And we, in turn, will update this idea as events unfold.
See if you can create a pull back patternHello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
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(BTCUSDT chart)
Even if it is a movement that anyone can see, your trading strategy can completely change depending on what you react to.
Coin markets follow trends.
Therefore, trading is carried out using the corresponding analysis techniques.
However, what is important is whether you can set the corresponding support and resistance points.
(1M charts)
Therefore, it was an opportunity to confirm that the HA-High indicator point, 43826.59, was an important support and resistance point.
HA-Low and HA-High indicators are trading indicators created using Hikinashi.
Accordingly, you can start or end a transaction when the HA-Low or HA-High indicators are touched.
It rises for the first time and touches the HA-High indicator, but is unable to maintain the price above the HA-High indicator and is falling.
Accordingly, if the price does not rise above the HA-High indicator quickly, it may lead to a decline to touch the HA-Low indicator, so we need to think about ways to respond.
However, since the HA-Low indicator has not yet been created on the 1M chart, it is necessary to check support and resistance points.
(1W chart)
I think the most important chart to see trends in the coin market is the 1W chart.
Therefore, the most important factor is whether the 1W chart shows a trend reversal.
Looking at the current chart, you can see that Hikinashi is maintaining a strong upward trend as it has not yet fallen below the opening price.
It is necessary to check whether it will touch Hikinashi's opening price or lower when a candle is created next week.
The indicator that plays an important role in determining the HA-Low and HA-High indicators is the RSI indicator.
Therefore, when the RSI indicator falls from the overbought range, there is a high possibility that a new HA-High indicator will be created.
Currently, the RSI indicator is located at 34.27(+50) = 84.27.
Usually, the overbought range of the RSI indicator is above 70, so you can see that a larger decline is necessary to get out of the overbought range.
Accordingly, when the 1W chart falls to the 37253.81-38531.90 range, it is believed that the RSI indicator is likely to move out of the overbought range.
Therefore, if the decline continues, the first support zone is expected to be the 37253.81-38531.90 zone.
(1D chart)
I told you that the 43823.59 point is an important section in re-determining the trend.
The reason can be seen in the previous article.
In that case, I think the key is how much it has to fall from the 43823.59 point to be considered a downward trend.
I think the 1D chart is a chart interpreted from a short-term perspective.
Therefore, the trend can change based on the MS-Signal (M-Signal in 1D chart) indicator.
The MS-Signal indicator is currently touched.
Accordingly, an important question is whether the price can be supported and rise in the current range, 39845.44-42053.66.
If the price falls below the MS-Signal indicator and the MS-Signal indicator switches from a bullish sign to a bearish sign and continues to hold the price, there is a high possibility that it will eventually turn into a bearish trend.
Therefore, until such a movement is seen, you should think of it as a short-term upward trend and react accordingly.
As I have said before, the section most likely to create a short-term pull back pattern is when it falls near the MS-Signal indicator.
Therefore, the current decline must be viewed as significant.
As I said, when it rises above the 43823.59 point, it is time to split and sell, if it shows support in the current range, it is time to purchase additional items because it is highly likely to form the bottom of a pull back pattern.
At this time, the important thing is that if you make additional purchases and the price falls below the support range, you must take a stop loss.
In other words, if it falls below 39845.44, a stop loss is required for the additional purchases.
Since the HA-High indicator is likely to be created at the 43450.03 point, it is important whether it can rise above 43450.03 quickly.
To do so, it is necessary to check whether it is supported and rising in the 39845.44-42053.66 range.
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In the coin market, it is best to trade by following trends.
However, you must find support and resistance points to follow the trend and create a trading strategy accordingly.
Therefore, your target point is likely to have a detrimental effect on creating your trading strategy.
I believe that if you identify movements at support and resistance points and respond with a trading strategy that can reduce losses, you can ultimately end up with a successful trade.
The current section is a section where you need to find a time to buy, not a section where you need to worry about stop loss.
If you are worried about stop loss, it means that you did not split the sale around 43823.59.
Therefore, you need to make efforts to reduce your greed toward your target point.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
BTC/USDT Looking BullishTRADE ALERT! BTC
Ticker: BTC/USDT
Entry:43800-43999
Take Profit: 45500-48000
Stop Loss: 40215
Risk to reward: 1:2
Technical Thesis:
Bitcoin is making an inverse head and shoulder pattern ( bullish)
For this bitcoin need to hold 42000$ level.
We have neckline around 44000$
Once price breaks neckline with good volume then target can be 45500$ to 48000$
🗺️Bitcoin Roadmap🗺️(15-minute time frame)🏃♂️Bitcoin is moving near the 🔵 CME Gap($40,325-$39,290) 🔵 and Support line .
🌊In terms of Elliott wave theory , Bitcoin seems to have completed its 5-wave downtrend near the support line.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect Bitcoin to Go UP at least until the end of wave 4 and at the next target of the 🔴 Resistance zone($43,180-$42,820) 🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
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 gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin BTC price moves according to the fractal from the pastThe chart shows the same fractal stretched over at a different time frame.
The BTCUSDT price is now in a critical price range.
If sellers do not allow the BTC price to update the high in the coming days, there is a chance that a correction will begin according to the red fractal.
If buyers manage to fix the BTCUSD price above $44500, then there will be a chance for continued growth according to the blue fractal to the FWB:52K area, which is another +20% to Bitcoin price.
Which fractal do you think is more likely to work out? Vote with "like" at comment under idea.
BITCOIN: HISTORICAL CYCLES AND HEALING ROADMAP!THIS CHART IS BASED ON HISTORICAL DATA
In the first cycle, after the ATL, CRYPTOCAP:BTC took 532 days to break above it’s previous ATH.
In the second cycle, it’s taken 546 days to break above its previous ATH.
If history repeats itself, we could see a new ATH around 385 days from today, possibly by December
2024.
ROADMAP FOR BITCOIN HEALING
First Halving: July 9, 2016
546 days of the bull market!
Second Halving: May 11, 2020
546 Days of Bull Market after Halving 3
Third Halving: April 25, 2024 (Expected)
Likely to last 528 days to 546 days of bull market.
Based on fractal analysis and chart data, it is anticipated that Bitcoin will reach its next bull market peak in September 2025. Subsequently, a shift back into the bear market is expected. Consequently, a decision to exit the market before September is considered, given that these projections are assumptions derived from fractal chart data.
I hope this graph clarifies how BTC's long-term growth dynamics work.
Only in a probabilistic approach, this concept is.
This chart is likely to help you make better trade decisions if you consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
BTCUSDT ready to aim monthly resistance againThe price visited that 4h support area and dipped further below before quickly moving up. The monthly resistance did its job. This bounce from the support should aim for the monthly resistance again. Therefore, a long is favorable here with a good entry. I will share a long setup in a separate post.
Bitcoin Inverse head and shoulders?An idea to inspire others to see the charts from another lens.
This is a overall bullish perspective seeing the potential of Bitcoin forming a large inverse head and shoulders. Upside resistance targets forming a neckline around $54,650 followed by a 2024 pullback to the 0.618 around $28.6k to form the low of a right shoulder.
Breaking the neckline after forming the right shoulder displayed by the black arrow forecast gives targets up to $200k, but anything above all time highs of $69,000 can be considered respectable profit taking zone. Market structure would need to be reassessed should price deviate significantly from the projected path.
Trying to gauge the exact ebbs and flows of the Bitcoin price over the next 2 years is harder than rocket science as the market will of course do whatever it wants, so you should never marry any idea, double down when you're wrong, become overconfident. Always have multiple ideas in your toolkit, identify where you are wrong earlier than others and proceed with dynamism when new data is presented by the market that contradicts your original hypothesis.
Need to confirm whether to create a pull back patternHello traders!
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Have a good day.
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(BTCUSDT 1D chart)
There may be different views on the definition of rise and fall depending on how you interpret the chart.
Some may believe that the current decline has begun, while others may think that it is a correction to a sharp rise.
No matter what you say, this is a problem that can be found out naturally if you wait a little longer.
(1W chart)
I think the 1W chart is the best way to find trends in the coin market.
Therefore, if you look at the 1W chart, you can see that it has only fallen slightly.
Even if the next week begins and the decline continues, if it does not fall below the opening price of the last rising candle, I don't think it can be said that the trend has turned to decline.
From the perspective of those who entered a SHORT position at the high point, it can be said that it is a downward trend since it is falling anyway, but when looking at the overall trend, I think it can only be seen as a correction that can occur in an upward trend.
The period of volatility began first on the futures charts and is expected to last until around December 10th.
Throughout this period of volatility, we need to see if there are any changes to the existing trend.
Therefore, if possible, it is recommended to avoid trading during periods of volatility when trading spot.
In particular, you must be more careful when it comes to stop loss.
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(4h chart)
I think that in order for the price to turn into at least a short-term downtrend, the price must be maintained by falling below the M-Signal indicator on the 1D chart.
Until then, I think it's just an adjustment.
Therefore, the adjustment is
1st: Near 5EMA on 1D chart
2nd: Near M-Signal on 1D chart
It is expected that it will proceed depending on support around the first and second rounds above.
If BTC touches the 5EMA on the 1D chart, I think BTC's movement could accelerate again.
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(USDT.D 1D chart)
USDT dominance fell below 5.89.
Accordingly, we can see that the coin market has begun an uptrend.
(BTC.D 1D chart)
However, since BTC dominance is still above 50, it is ambiguous to say that it is an altcoin bull market.
If BTC starts to move quickly, there is a possibility that the prices of altcoins will fall sharply.
Therefore, if you purchase altcoins for day trading, I think it is important to sell them when you are making a profit.
If you plan to hold it for a longer period of time through a short-term transaction, it is recommended to sell the amount equal to the purchase principal (+ transaction fee included) and reserve the number of coins (tokens) corresponding to the profit.
When these methods are used for the first time, they often fail.
The reason is that after selling, you buy immediately when the price rises.
The above method should not be used in day trading.
Since day trading is about earning cash profits anyway, it is best to just sell 100% and earn cash profits.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Need to check whether shaking will start based on 43160.0Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BTCUSDT chart)
(1M charts)
It rose and touched the HA-High indicator.
Accordingly, the trend is expected to be redetermined based on the 43823.59 point.
(1W chart)
The HA-High indicator on the 1W chart is currently located at 59370.07.
Accordingly, it is necessary to check whether the HA-High indicator falls by shaking around 43823.59.
Therefore, as I mentioned earlier, I think it is highly likely that the trend will be determined again based on the 43823.59 point.
If a shake occurs, you should check for support around 37253.81-38531.90.
(1D chart)
The secondary resistance range is 44200.0-47600.0.
Accordingly, it is necessary to check whether there is a shake across the 39845.44-42053.66 section to the 44200.0-47600.0 section based on the 43823.59 point.
Therefore, it can be said that the 43823.59 point corresponds to the split selling section.
The next period of volatility was expected to be around December 9th, but it moved a little faster.
However, you need to check whether a new trend is formed around December 9th (futures chart: around December 8th).
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(About altcoin bull market)
In order for an altcoin bull market, that is, a bull market that rises even when purchasing any coin (token), to begin.
1. BTC dominance: below 50
2. USDT dominance: below 5.89-6.39
Items 1 and 2 above must be satisfied.
And, the general bull market in which all coins (tokens) rise is expected to begin only when BTC dominance rises above 61 and then begins to fall.
Accordingly, caution is required when trading altcoins.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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You've been warned!Expect the peak around 48k-60k in the month of February. I would exit all positions there. While everyone is expecting BTC to go to 100k or 500k and others believing that we will bottom around 12k; we will dump much further. They will be talking about this moment for years to come!
UNpopular opinion $BTC down $CME WOuld pay to be contrarian here. all momentum indicators are very much over extended but can run a bit more but i feel time is running out. everyone and their moms are now calling for 40k where were they at 26??? we got a perfect CME gap fill, almost seems to easy to long here which is why we short. and fade the general public. I find it also very improbable on a new rally into the halvening. Imo we go tag the bottom gap at 20,300 to ill the final gap on daily. and chad after the halvening. all shorts got liq/d on the last move. i can see this slow bleed out down to the right before resetting and everyone calling crypto a scam. Holler if ya hear me.