Rest assured that the peak of wave 5 (in wave 3 Elliott) of BTC will rise to 120-128k, and it could even reach 152k$ , coinciding with the time before and after Trump takes office. Check out the picture that Chang drew of Elliott and save it for 3 years later for comparison ☺️
After this peak of wave 3, the market will then drop to wave 4. When BTC enters wave 4, that will truly be the deep and unexpected decline that no trader can anticipate. The bottom of wave 4 will be in Q1/2025. Bitcoin will drop from 128k (or 152k) down to the range of 80k - 100k. In this wave 4 area, don’t be afraid; see it as an OPPORTUNITY to accumulate and hold for the long term.
Wave 5 will coincide with the most brilliant global economic cycle (2026 - 2027 - 2028). If BTC rises to Kịch Fibo, it could reach 300k$ by 2027 or 2028. This will also be the time when everyone has the most money in their pockets, the easiest time for investments, and the MOST DREAMS OF GETTING RICH. And that will be the time when the global MAKER MARKET crashes 😆 That will be the moment you... truly die. ☺️ THAT WILL BE THE TIME YOU END UP EMPTY-HANDED FOR REAL!!!
The latest and hottest news in the market on the last day of 2024
the most notable events on December 30, 2024!
Notable events:
$BTC - Spot BTC ETFs recorded a negative capital flow of 378 million USD last week. There were 3 sessions with net withdrawals over 200 million USD last week, partly due to investors tending to 'take profits' before the New Year as well as concerns following the hawkish speech by FED Chairman Jerome Powell at the end of December. $ETH - Spot ETH ETFs raised 350 million USD last week with 4 sessions of positive capital flow. In contrast to BTC ETFs, ETH ETFs are receiving more attention from US investors after a rather difficult start.
An anonymous Bitcoin wallet has made two large withdrawals from Binance, totaling 2,700 BTC ($256.38 million). In my opinion, there is a high possibility that BTC will experience another sharp decline!!! What do you all think, will it have any impact on the increase of the specific one???
$USUAL will increase or decrease in the next 24 hours?
Price prediction for the USUAL/UÚDT pair in the coming days: 1. Overall trend: • After rising sharply to a peak of 1.6521 USD, the price has significantly decreased and is currently at 1.0455 USD. This indicates a downward trend after a period of excessive price increase. 2. Resistance and support: • Resistance: The nearest resistance level is 1.1966 USD (EMA 7). • Support: The nearest support is at 1.0303 USD, which is the lowest price in 24 hours. 3. EMA indicator: • The price has crossed below EMA 7 (1.1717 USD) and EMA 25 (0.9171 USD), confirming a bearish signal. • EMA 7 is sloping down, indicating that selling pressure is dominant. 4. RSI indicator: • RSI(6) = 42.43: RSI is in the neutral zone, but close to the oversold level. This indicates that selling pressure is increasing, but has not yet reached the oversold state. 5. Trading volume: • Trading volume has gradually decreased in recent sessions, indicating weakening from the buying side. 6. Conclusion: • The current trend is bearish. If the price cannot hold the support level of 1.0303 USD, it may continue to decline further. A stop-loss should be set at this price level. • In case the price rebounds, it needs to surpass the resistance level of 1.1717 USD (EMA 7) to confirm a recovery signal.
it's not worth much but it's become a habit to close the order every night when there’s a profit, holding overnight doesn't get much but it disrupts my sleep. I can hold for a few months with the stock market, that's fine. As for forex, with this waiting period, I close the order at night. Unless I'm in a small loss, I will set a stop loss and take profit.
Analysis of the short-term DOGE price prediction for LongShort members Based on the 1-hour compressed chart of the DOGE/USDT pair at 11:36 on 28/12/24, here are some comments on the short-term price trend: 1. Current price trend: • The price is fluctuating in a narrow accumulation zone around $0.314. • The short-term EMA lines (EMA 7 and EMA 25) are quite close to each other and moving sideways, indicating a lack of clarity in the trend. 2. Resistance and support: • The nearest resistance level is around $0.319 (near EMA 99). • Important support is at $0.308, which is the lowest price in the last 24 hours. 3. RSI indicator: • RSI(6) = 52.46: The value is in the neutral zone, not indicating overbought or oversold conditions. • RSI(12) and RSI(24) are both lower than RSI(6), which may suggest slight downward pressure in the short term. 4. Trading volume: • Trading volume is gradually decreasing, indicating hesitation from both buyers and sellers. 5. Short-term trend: • If the price breaks above EMA 99 (~$0.320) with increased volume, the price is likely to bounce up to test higher resistance zones. • If the price breaks below the support level of $0.308, the downtrend may continue. Conclusion: In the short term, the price is in an accumulation state with an unclear trend. You should keep an eye on key resistance/support levels and trading volume to confirm the next direction.
Based on the 1-hour (1H) candlestick chart of the NEAR/USDT pair, there are some notable points to predict the trend in the coming hours:
SMA (Moving Average):
SMA 7 (yellow) is crossing and is close to SMA 25 (purple) but still below SMA 99 (green). This may signal a short-term recovery, but the larger trend is still downward. SMA 99 is still pointing downwards, indicating that the long-term trend remains bearish.
Candlestick Structure: The most recent candle shows a closing price higher than the previous candles, indicating a temporary recovery. The trading volume in the green candles is slightly increasing, which could be a sign of buying pressure returning.
Support and Resistance: The price area around $5.1 - $5.2 could be a temporary resistance level, and the price needs to break through this zone to continue rising higher. If the price cannot break through, it may return to a lower support area around $5.0.
Short-term Prediction: If the price breaks through the resistance area of $5.2 with high volume, there is a possibility that the price will continue to rise in the coming hours. If the price does not surpass this level, it may move sideways or decrease slightly before continuing the trend. You need to analyze which coin to comment on, and we will analyze it based on the knowledge we have.
I rarely short shitcoins but yesterday I saw people calling each other to short so I tried to try it out. It's really scary, Zen has increased nearly 4 times since the bottom of $13 and looking at the chart, I still don't see any distribution or divergence. It's very possible that Zen will pump it up to over $50 before starting to dump.
My advice is to be absolutely careful when shorting shitcoins, only short BTC ETH or BNB when the price seems to have peaked. And it must be DCA, not all-in. With these small-cap coins, MM can pump them up indefinitely, even if the armor is thick, MM will push the funding fee down to extremely negative levels so that even if they reach the shore, they still won't make a profit.
The price of Bitcoin (BTC) is currently trading around 94,865 USD, down about 2.37% compared to the previous day.
Recently, Bitcoin has experienced significant volatility. On November 11, 2024, BTC surpassed the 80,000 USD mark and continued to rise sharply, driven by market optimism following Donald Trump's victory in the U.S. presidential election. However, by November 26, 2024, many investors took profits as Bitcoin approached the 100,000 USD mark, leading to selling pressure and price correction.
According to technical analysis, the NVT Golden Cross index is currently at -3.25, indicating that Bitcoin still has growth potential. Some experts predict that BTC could reach the 100,000 USD mark before the end of this year. However, there are also opinions that Bitcoin could drop to 77,800 USD if strong selling pressure occurs.
Overall, the Bitcoin market is in a volatile phase with both opportunities and risks. Investors should closely monitor technical indicators and market news to make appropriate decisions. $BTC
How I make a profit of tens of thousands $ every day.
The market, regardless of conditions, can be profitable. The goal of 'always making a profit' is unrealistic, as the market is always volatile and no strategy guarantees 100% success. However, you can increase your chances of success by applying the following factors: 1. Capital Management (Risk Management) • Only use money you can afford to lose: Never risk your entire capital. Use 1-2% of total capital for each trade.