BITCOIN forming Trend Continuation PATTERN.

#USJoblessClaimsDip #BTCETFDemandSurge #BTCBreak69K #CryptoPreUSElection #BTC67KRebound

$BTC

BTCUSDT is forming a triangle pattern after breaking through the downward channel on the daily chart. This pattern typically indicates a continuation of the current trend. It’s important to note that this pattern is developing just below the psychological level of 70,000, suggesting that the market may be preparing for a breakout. The previous weekly candle is a long-tailed bar, which also indicates a potential upward movement.

This week, pay attention to the monthly candle closure, as it will give a hint into future price action; a close above the September high could be particularly significant. I expect a pullback and a potential fake breakout of the triangle pattern, followed by a retest of the ATH level. My goal is resistance zone around 72,000.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

BTC/USD : new ATH is on the way?

#USJoblessClaimsDip #BTCETFDemandSurge #CryptoPreUSElection #BTC67KRebound

$BTC

By analyzing the #Bitcoin chart in the weekly timeframe, we can see that after the last analysis, when the price was trading around $66,500, I expected Bitcoin to find support at this level and continue rising, which is exactly what happened. Bitcoin has now gained over 5%, reaching $68,500.

We’ll have to see if the price can hold above $69,000 in the next two weeks. If it does, we could potentially witness another rally and a new high above $74,000. This analysis will be updated as the situation progresses!

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Bitcoin: The Last Correction Of 2024

#USJoblessClaimsDip #BTCETFDemandSurge #CryptoPreUSElection #BTC67KRebound

$BTC $ETH $BNB

Bitcoin produced a lower high 21-October compared to 29-July. It was moving up within a rising channel and as soon as it approached 70,000 it faced strong resistance. The peak price hit on the inverted correction was 69,555 and then a minor three days drop.

Other pairs in the Crypto-giant group are also bearish. This is revealing because they move together with Bitcoin. Since they move together with Bitcoin, being bearish means that Bitcoin is also bearish. The DXY is bullish and it works against Bitcoin and thus we have another confirmation.

Some people might not be convinced even after 7 months of the same. The last bullish wave lasted 77 days but it has been more than 7 months since Bitcoin started to move lower.

It crashed to $49,000 in early August after five months of bearish consolidation. We are about to experience the second drop and this will end the correction.
After the correction is over, up we go.

The market is likely to feel Bitcoin's crash strongly, at first, but then it will recover pretty strong. Those pairs that are already low can recovery within hours or days. Those that are mid-way can recover within weeks. Those that are trading high up, can take months to recover and that's the main three variations we will get.

The crash wick can be recovered super fast but after this initial fast recovery the action will then turn slow. You will literally see Bitcoin crawling up slowly for months, say 3-5 months. Only after this major, long drawn-out bullish consolidation we will see strong growth. People will get bored, leveraged traders will get killed always expecting a big and major move, we will be watching and sharing everything that is happening with you.

The market ranges most of the time and only for short periods of time it goes into a trend. The big and easy money is made by joining this trend. A massive opportunity will open up soon, new lower prices, the lowest in years.

Get ready for 2025.

Cardano: How To Approach This Pair? What To Do Now?

#USJoblessClaimsDip #BTC67KRebound #CryptoPreUSElection #ETHBTCNewLow #CardanoSurCardanoSurge

$BTC $ETH $ADA

Cardano is not in the same situation as many of the Crypto-giants, we can clearly see that it is already trading at bottom prices compared to the others, so, how do I approach this pair? Is it too late to sell? Should I just hold?

Here is the thing, Cardano is not trading at the same levels at which it traded back in February or March 2024 like Bitcoin or Binance Coin, instead, it is consolidating at the same November 2023 level. The early August 2024 drop wick activated the same prices at which ADAUSDT traded in August, June and July 2023, only the September and October 2023 support levels remain untested.

The question to answer is how to approach this pair.

The drop is already quite advanced and we can say that 80 to 90% of the correction is already over for this pair.

So I wouldn't recommend selling here because I already recommended selling, many times, around March 2024. Prices are already pretty low for ADA, we are already in the accumulation zone. For this pair, we would buy always focusing on the long-term. Buy now and hold. If it drops, buy more. Then buy, buy, buy, buy, wait, buy, wait, until the next bull-market enters in full swing. If you didn't sell, I would say it is too late. But a short-term trader can do some risky moves here but there are other pairs in a better situation for a SHORT trade.

My map says another drop. Slow recovery action between November-December-January-February and maximum bullish speed in March 2025. So we still have plenty of time.

If you held this long, waiting a few more months won't make much of a difference. If you have to buy, you can wait a bit longer and better price might be present in a matter of days. So either bear or bulls are recommended to wait.

➖ Short-term action calls for more consolidation with bearish tendencies.
➖ Mid-term and long-term action calls for sustained growth.

ETHEREUM → Price can't break the bearish trend. False breakout

#USJoblessClaimsDip #BTC67KRebound #CryptoPreUSElection #ETHBTCNewLow

$BTC $ETH

ETHUSDT
is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown

Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown.


If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900.

Resistance levels: 2562, 2728, 2764
Support levels: 2392, 2318, 2111

It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed

*Is a 70% crash to 20k for Bitcoin going to print ??*

#USJoblessClaimsDip #BTC67KRebound #CryptoPreUSElection #ETHBTCNewLow
$BTC

This is a 3 week chart. Each candle print takes 3 weeks. This is not a forecast for tomorrow or the day after. This is months in the making.

On this timeframe months pass until targets are realised. Regardless, there are some important signals now printing that require attention.

When:

1) Stochastic RSI was above 80 AND then crosses down 50 (red arrows)

AND

2) RSI 50 level confirms resistance once a breakout has printed (black circles) as it is now, you must watch for a confirmation of resistance.

A and B had confirmed resistance in 2018 and 2019. 80% and 70% corrections followed. Point C in early 2021 was a false breakout only confirming in late 2021. A 75% correction followed.

Look left. This chart is now either repeating years 2018 / 2019 or 2021.

There are some important takeaways from all of this.

1) Whether it is a repeat of 2018 or 2019 or 2021, the bull run is over inside the next 6 months. There are far too many calls for higher highs into 2025 and beyond. That is not going to happen.

2) This is not a forecast for something that is going to happen right away.

3) The market top is not in yet. True. Market tops arrive with Euphoria not fear.

4) When this RSI resistance confirms, there will be no long opportunities in the market until 2027 at the earliest.

Technical Analysis:

#CryptoPreUSElection #BTC☀ #SolanaUSTD #Solana_Blockchain

$SOL

Can we say that the first one failed? Or do we say that it hasn't drop just yet?

Solana's chart setup continues bearish and we have a confirmed lower high. This is part two of our PREMIUM SHORT. This is the last public short of this period/cycle, once this and the other trades fully develop we will be living in a different world, truly. Things are about to change massively.

The major catalysts, the 2020 analog, will be something near to US election date, or might be something related directly to the elections. The truth is that we cannot guess and do not need to guess. The market is going down, the chart is saying down so we either stay away, sell or SHORT. When prices are low, we buy at the support and hold or go LONG or both.

Even now there are hundreds of pairs that are bullish, I shared many of those. Some are going down while some others are going up. And that's ok.

We have a major lower high for SOLUSDT but trading volume is super low, this only confirms that the up-move is nothing more than a price-bounce from the August low, an inverted correction. When the market is bearish, each rise is an opportunity to sell. When the market is bullish, each drop is an opportunity to buy.

This is the last SHORT that you will see me publishing in years, literally, so have fun.

Without further ado, full trade-numbers below:

➢ SHORT SOLUSDT

Entry levels:

1) $185
2) $170

Targets:

1) $165
2) $155
3) $148
4) $133
5) $113
6) $96
7) $82
8) $73
9) $64

Stop-loss:
Adjust to your own risk tolerance

SOLUSDT SPOT

➖ Technical Analysis

80 days and no new highs. Still a lower high compared to 29-July. 225 days since the March peak. Major consolidation before a final leg-down. The end of the correction. The market crash. Bitcoin's 2024 capitulation event. Below you have the full trade-numbers from my latest Bitcoin trade.

➢ SHORT BTCUSDT

#CryptoPreUSElection #ScrollOnBinance

$BTC

Entry levels:1) $70,5002) $68,0003) $67,000Targets:0) $64,0001) $60,0002) $57,0003) $53,5004) $50,0005) $44,4446) $39,0007) $36,5008) $33,500

Stop-loss:
Adjust to your own risk tolerance.

#CryptoPreUSElection
$BTC

Entered a strong buying zone (68900) within the rally. BUT, the expected growth did not happen, the bulls could not realize the potential. A bearish engulfment of the last three bars is formed and actually - a false breakdown of the descending resistance...The growth formed from 59K is partly connected with the election race in the USA, economic revival in China, as well as economic news. But apparently, this energy is not yet enough for the price to easily overcome 68-69K with a target of retesting 71-73. The resistance zone of 68.4-69.4 is putting pressure. Buyers are taking profits, while bears, seeing the strong resistance zone, are trying to resist.The structure will break down if the price breaks 69400

Bitcoin / TetherUS
BITCOIN → False Breakout & Bearish Engulfment ↓

The first goal has been accomplished. Area 65000-65250 has been tested