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$BTC to cease declining and create ATH?
▪️First is the weekly candlestick chart: After 4 consecutive weeks of decline, entering the 5th week, $BTC continued to drop from 63k to 57k, making everyone anticipate 50k, but by the end of the week, $BTC staged a strong recovery and closed the week with a bullish pinbar.
▪️Moving on to the daily candlestick chart: Wednesday saw significant selling volume, but thereafter, $BTC couldn't drop further and reversed to rise, especially with a strong upward candle on the 6th day.
👉 $BTC successfully trapped the bearish camp by breaking down below the 59k level. It also swept the stop losses of the Long camp.
▫️Based on the weekly and daily charts, I believe in the coming days $BTC will seek higher levels. First is the 68k-69k region. Then comes the ATH.
▫️Opportunity for "traders from the future" lies in the rebounds of $BTC to Long and TP at higher levels.
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
▪️First is the weekly candlestick chart: After 4 consecutive weeks of decline, entering the 5th week, $BTC continued to drop from 63k to 57k, making everyone anticipate 50k, but by the end of the week, $BTC staged a strong recovery and closed the week with a bullish pinbar.
▪️Moving on to the daily candlestick chart: Wednesday saw significant selling volume, but thereafter, $BTC couldn't drop further and reversed to rise, especially with a strong upward candle on the 6th day.
👉 $BTC successfully trapped the bearish camp by breaking down below the 59k level. It also swept the stop losses of the Long camp.
▫️Based on the weekly and daily charts, I believe in the coming days $BTC will seek higher levels. First is the 68k-69k region. Then comes the ATH.
▫️Opportunity for "traders from the future" lies in the rebounds of $BTC to Long and TP at higher levels.
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
$BTC analysis on the H4 timeframe
▫️With the bullish sentiment surrounding $BTC , upcoming corrections present opportunities for us to Long $BTC and anticipate ATH.
▫️However, pay close attention to the 69k area as this could be where selling pressure kicks in strongly. This was the previous ATH and also the region that formed the downward waves recently.
👉 Hoping that $BTC will overcome this zone, and if it does, we can expect the bull run to continue for the next few months.
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
▫️With the bullish sentiment surrounding $BTC , upcoming corrections present opportunities for us to Long $BTC and anticipate ATH.
▫️However, pay close attention to the 69k area as this could be where selling pressure kicks in strongly. This was the previous ATH and also the region that formed the downward waves recently.
👉 Hoping that $BTC will overcome this zone, and if it does, we can expect the bull run to continue for the next few months.
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
In recent months, we've witnessed 8 consecutive months of price increases in both BTC and altcoins. The current correction phase is necessary for the market to sustain long-term growth.
Many people are wondering how long this correction will last so they can mentally prepare. In my personal opinion, we may see the bottom of this market in about 2 months from now.
The following 3 months will likely be a period of slow market recovery with continuous pump and dump cycles - a rollercoaster that may lead to extreme frustration among traders, making them believe that a significant correction is imminent after such pump and dump phases.
However, towards the end of the year, everything will start to fall into place. The strongest bull wave of the cycle is expected to occur during this time.
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
Many people are wondering how long this correction will last so they can mentally prepare. In my personal opinion, we may see the bottom of this market in about 2 months from now.
The following 3 months will likely be a period of slow market recovery with continuous pump and dump cycles - a rollercoaster that may lead to extreme frustration among traders, making them believe that a significant correction is imminent after such pump and dump phases.
However, towards the end of the year, everything will start to fall into place. The strongest bull wave of the cycle is expected to occur during this time.
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
Besides the Bitcoin halving, another significant factor influencing the crypto market cycle is the U.S. presidential election!
After the election, a large amount of money is often allocated to new policies.
This explains why the market usually gradually rises and experiences continuous pump and dump cycles from the period after the halving onwards!
Just look at the market capitalization chart of altcoins outside the top 10, and you'll see it clearly!
From now on - until altcoins enter a strong upward trend, sit tight, hold firmly, and wait!
As long as the market and herd psychology exist, the cyclical factor will persist!
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
After the election, a large amount of money is often allocated to new policies.
This explains why the market usually gradually rises and experiences continuous pump and dump cycles from the period after the halving onwards!
Just look at the market capitalization chart of altcoins outside the top 10, and you'll see it clearly!
From now on - until altcoins enter a strong upward trend, sit tight, hold firmly, and wait!
As long as the market and herd psychology exist, the cyclical factor will persist!
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
In recent months, we've witnessed 8 consecutive months of price increases in both BTC and altcoins. The current correction phase is necessary for the market to sustain long-term growth.
Many people are wondering how long this correction will last so they can mentally prepare.
In my personal opinion, we may see the bottom of this market in about 2 months from now.
The following 3 months will likely be a period of slow market recovery with continuous pump and dump cycles - a rollercoaster that may lead to extreme frustration among traders, making them believe that a significant correction is imminent after such pump and dump phases.
However, towards the end of the year, everything will start to fall into place
. The strongest bull wave of the cycle is expected to occur during this time.
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
Many people are wondering how long this correction will last so they can mentally prepare.
In my personal opinion, we may see the bottom of this market in about 2 months from now.
The following 3 months will likely be a period of slow market recovery with continuous pump and dump cycles - a rollercoaster that may lead to extreme frustration among traders, making them believe that a significant correction is imminent after such pump and dump phases.
However, towards the end of the year, everything will start to fall into place
. The strongest bull wave of the cycle is expected to occur during this time.
#Lcademy #BlockchainJob #CryptoJob #KOLcrypto
