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Many people, especially those who experienced previous cycles, say things like, āIāll sell before the top,ā āIāll sell right at the top,ā or āThis time, I wonāt hold too long.ā But in reality, human behavior doesnāt change that easily. I can already see it unfolding, and this is exactly why cycles repeat, because emotions are hard to control.
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$BTC Something like this would be very healthy for the market. #Bitcoin
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Hereās the playbook I expect to unfold next on $BTC . This is a weekly chart where weāve broken out of an 8-month consolidation, forming a sort of bull flag. Weāre now on the second green weekly candle. Typically, the third candle serves as a retest; if not, then we might see a retest on the fourth candle, possibly around 66-67k (with a potential wick down to 65k). The first long entry should be set around 69,600, with a second DCA entry around 66-67k. The first target is in the 85-88k range, with a risk-free trail toward higher levels. I may also look for short entries (small margins) if we see a weekly rejection. The full TP target is around the 69k zone. This is the current higher-timeframe playbook, and hopefully, it helps guide your trades. #Bitcoin
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Many newcomers on CT expect instant election results tomorrow, predicting $BTC will react with a quick pump or dump. However, counting takes timeāespecially if the race is tight, as we anticipate between Trump and Harris. While CT largely views Trump as the likely winner, broader media and sentiment outside of crypto suggest Harris may have a slight edge, though that could still shift. This is shaping up to be a very close race, with final results expected around November 7-10. Dont overtrade or trade at all; we may be heading into the most volatile week for crypto this year
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Look at the last few monthsānothing has changed. The first week or 10 days, BTC dip as if itāll never end; then, the last two weeks of the month, we pump like thereās no tomorrow. They play the same game every time, and every time, people fall for it. End of month: 77k+ confirmed.
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Latest News
Binance Market Update (2024-11-15)
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Ethereum(ETH) Surpasses 3,100 USDT with a Narrowed 3.42% Decrease in 24 Hours
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Bitcoin(BTC) Surpasses 89,000 USDT with a Narrowed 1.94% Decrease in 24 Hours
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BNB Surpasses 620 USDT with a Narrowed 4.26% Decrease in 24 Hours
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Bitcoin(BTC) Surpasses 88,000 USDT with a Narrowed 3.13% Decrease in 24 Hours
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