A relaxed weekend surfing BTC while enjoying a cup of coffee waiting for the super wave next week. - During the week with waves, I will try to find more opportunities for everyone to earn. - A community exchanging knowledge for free, Tle: @thewolf082023
- BTC is currently trading around 98k. The price of BTC has been continuously rising for the past 2 weeks, and the market sentiment is extremely enthusiastic. Everyone is shouting uptrend. Altcoin Ss. - However, as I observe, it is currently a good time to take profit and hold USD, or you might wait for BTC to have a fake breakout past ATH (around 100-103k in the next 2 days.) - Below, it seems that everyone also sees the price of BTC continuously increasing but the volume is decreasing, this is a price increase that is not sustainable, so in my opinion, everyone should take some profits and wait for a correction to the 78-80 range before re-entering.
- After BTC swept the swing low area of 89100, it rebounded strongly by 4000, proving that the buying power here is still very strong, with many buy limits leading to the price not reaching the expected 87-88.
But no worries, as stated on 13/1, from now until the end of the week, it is likely that BTC will approach the area of 96-97k, sideways trading here to allow altcoins to have a recovery of 10-15% depending on the FOMO power, everyone. Everyone can consider long trading during this period, remember to set TP and STL carefully as the main trend is still a correction.
In the long term, BTC will need to drop to the price range of 84431 and 77748.
BTC UPDATE 12/1: WILL IT DECREASE BY 85 IN THE NEXT 2 DAYS
The green of today's 2 days is really fake, in previous strong adjustments, I often saw XRP coin flying very strongly 1-2 days in advance. Breaking 91-92, it is likely to go straight to 85k. This period can catch the short-term bottom to the 94k area before Trump takes office, everyone.
Because I shared the post in the t.le group, it got deleted, so I'm reposting for anyone who hasn't had a chance to follow.
Regarding BTC, it is currently trading at the strong support zone of 91-92k, this zone has reacted 4 times with a bounce after touching it. In my opinion, in the coming days, this zone will be broken, and the next target will be 85-86k. Of course, there will be increases amidst the decreases; the zone can be shorted if there is a retracement to 96500-87500. Currently, my group and I are still holding a short position.
Altcoin isn't doing very well; although it has corrected by 30-50%, BTC dominance still needs to retest the peak one more time. It is expected that if BTC finishes its adjustment, altcoin will drop an additional 30-40%.
Additional information: The Mariana Trench - a fissure in the western Pacific Ocean, stretching 2,540 km and home to Challenger Deep - the deepest point on Earth at about 11,000 meters.
#BTC 8/1 Everyone pay attention to the price of the area I marked (region 95500), this spot, if there are signs of a reversal, can aim long up to the area 985-992. To be safer, wait for a recovery and then short down. The main trend still maintains the view that the price will reach 78k. But in the short term, BTC will have to break through the resistance of 91-92 first.
$BTC #btc END OF THE YEAR 31/12: NOT THE BOTTOM YET. - As I have stated since the beginning of the month, the market has not reached 7 yet, so it will take a long time to rise (specifically 78-80). - Here I see that in the coming days there will be a spike to 86-88k and then pull back to close candles in the range of 92-94. So during this time, you can consider a long position (from 87k to 92k). However, since there are profits, it is advisable to take profits because the trend from today to the beginning of next month is still DOWN.
- Those who listened to me have currently escaped the 4-50% adjustment phase from the peak, and we are not at the bottom yet, so do not rush to enter positions; an additional adjustment of 2-30% can completely occur with the BTC.D chart, okay everyone.
BTC UPDATE 12/28 to 1/10: 2 MAJOR ADJUSTMENTS, BOTTOMS OUT AND BOUNCES BACK
- Recently, I've been busy supporting everyone in the group, so I haven't had much time to post for your reference. Today, I want to share a bit about my personal perspective.
- Currently, BTC is stabilizing around the price of 94,500 after a drop from the 99,500 range. As per my view from the beginning of the month, there is a high likelihood that in the last 3 days of the year, BTC will experience a sell-off touching the 86-88k range. After that, it will bounce back to the 92-94k range. It may close the year around this area depending on the level of FOMO.
- Everyone should refrain from trying to catch the bottom at the 86-88k range, as the next month's candle can easily have a wick down to 77,544. I will wait until the beginning of next month when BTC reaches this area to accumulate for the super cycle uptrend in Q1.
- Currently, there is strong compression, so altcoins are not significantly affected, but in the next two phases when BTC adjusts, DOM will increase strongly. It is best for everyone not to LONG at this time to minimize impact.
- Today I'm too lazy to write long, so I'll summarize for everyone the upcoming view. This period will hover around the level of 97-99k, and then in the next 1-2 days, there will be another adjustment to the area of 85-87k. This period is only for SW decrease, so everyone should not Long and refrain from accumulating altcoins at this time.
- Anyone who wants to nitpick should review from 11/30 until now how much profit I and everyone in the group have made and how many times the account has multiplied.
- After a 2-day adjustment period, BTC is currently at a price of 97,593 after hitting the support zone (95,500 in the previous post on 18/12). As I mentioned, this support zone is very strong for BTC to break through once, so in my opinion, at this level, the price will linger around 94,000 - 95,000 and there will be a bounce back before the next adjustment phase in the coming days. BTC is expected to recover around 102,027-103,571.
- As BTC.D is still adjusting, it is very likely that Altcoin will benefit from a 10-15% growth after a series of bloody days. Before continuing to enter the market's adjustment cycle.$BTC
- Today I was lucky to catch a scalp order right at the bottom, congratulations to everyone who made a profit tonight.
- After a price correction of 5000 this morning from 108000 to 103000, BTC is currently experiencing a slight rebound and is fluctuating around the 105500 area.
- Overall, this downtrend has not yet confirmed that BTC is entering a corrective wave; the price is still being supported by a short-term upward trendline. However, on the D1 timeframe, BTC is currently forming a clear bearish candle pattern (waiting for BTC to close the daily candle below 105000).
- Yesterday, I wrote an article about the next peaks of BTC, noting that the 106-108 range has significant selling pressure. In my opinion, BTC’s current wave will not be able to break through the resistance level at this time, as new capital inflow is almost non-existent, with most coming from altcoins switching over.
- The next expected price range in the coming days is for BTC to adjust to the 95,500 price level.
- Currently, after 10 consecutive days of decline, some altcoins have recorded a drop of over 50% and still show no signs of stopping. It is expected that Altcoins will continue to decline an additional 20-40% from today, December 10. Therefore, everyone should consider holding coins at this moment. I will notify the group when it’s time to buy so that everyone can enter the market. $BTC #BTC☀ $XRP
BTC ANALYSIS 17/12: WHERE WILL BTC'S NEW PEAK BE. - Currently, BTC is still in an upward price channel (I updated on 8/12), and the current price is rising strongly, causing everyone to question how high BTC's new peak will be and when it will decrease.
- Below, I have used two tools: Fibo and Pivots, and the price range that BTC needs to surpass is 106,136 - 108,500 (this could be the peak before a correction in the next 1-2 days), with the next levels being 120,000 and 135,000.
- However, looking at the overall picture on the D1 timeframe, there are clear signs of a bearish divergence; the continuous price increase of BTC in recent days is mostly due to FOMO. My advice is not to open any BTC positions at this time.
- The current cash flow is pouring into BTC, causing a series of Altcoins to be affected, most of which are stagnant or slightly declining. Altcoin is heading toward the darkest days of buying Altcoin SS. If anyone wants to accumulate, now is not the right time; wait for the market to have a correction towards the 78,000 - 83,000 range.
"The Manufacturing PMI (Purchasing Managers' Index) measures the level of activity of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction."
After two consecutive corrective phases, BTC could not break the lower edge of the uptrend channel, creating H4 candles with wicks above the 95600 area.
The resistance here is enough to make BTC bounce back up, with the next price target being 103-105000, and then it may return to the 9500 area to continue breaking downwards; I am waiting for a daily candle to close below 91000 to accurately determine the next long-term downtrend cycle.
Altcoins are not looking as good; currently, prices have mostly dropped 20% and haven't rebounded strongly like BTC. This could be the last chance to escape before BTC returns to another corrective wave.
In this wave, MM may push low-cap coins or fantokens to pull liquidity, creating a false effect of an uptrend. Note the coin code Portal.
Thewolf2023
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Bearish
BTC ANALYSIS 9/12: WAITING FOR NEWS ...
- Looking at the H4 frame, BTC is currently forming a quite strong bullish channel as shown in the image below, the current price is expected to move within the red area I drew. The two price levels to pay attention to are 105000 and 96500.
- In my opinion, BTC will sweep up to the upper edge before returning to test the lower side and trying to break resistance. I am waiting for a sufficiently negative news to hope that BTC will close the daily candle below 91000 to officially break the upper trendline.
- I still firmly believe that the current trend will move towards a correction to the 80000 area as I predicted on 30/6.
- Overall, according to the chart, BTC still looks good, however, for altcoins, it is not as favorable. I have warned you to exit before BTC reaches ATH at 104000, in my view, looking at the BTC.D and Total 3 charts, currently only BTC is running, while the main trend for altcoins is mainly down, and if they increase, it will only be a few more %.
- Therefore, I do not encourage everyone to enter positions at this time, it is currently too risky; it is better to miss the opportunity than to lose money.
- What coin are you interested in waiting to catch the bottom?
- Yesterday, I called a light position in the group and managed to catch a small spike in BTC for a 3k gain, thank you everyone for trusting the call.
- After BTC created a spike at 93800, it closed the candle at 96317, where this is a very strong support zone I have identified from the previous post; anyone who doesn't understand can refer back to December 9. However, after the spike, the candle showed quite weak momentum. I expect BTC to hover around this area and then have a short-term bounce up to the range of 102000-104000 (the upper edge of the bullish frame). It is not advisable to enter any positions without a reversal signal yet, as there is a high possibility that in a bad scenario BTC will break through that resistance.
- After missing the first opportunity to exit on December 2 (most adjusted by 25-40%), this is the second opportunity, which I believe is the last chance. Because after returning to the reaction zone, BTC will officially enter a downtrend (expected to adjust until around the lunar New Year).
- Looking at the H4 frame, BTC is currently forming a quite strong bullish channel as shown in the image below, the current price is expected to move within the red area I drew. The two price levels to pay attention to are 105000 and 96500.
- In my opinion, BTC will sweep up to the upper edge before returning to test the lower side and trying to break resistance. I am waiting for a sufficiently negative news to hope that BTC will close the daily candle below 91000 to officially break the upper trendline.
- I still firmly believe that the current trend will move towards a correction to the 80000 area as I predicted on 30/6.
- Overall, according to the chart, BTC still looks good, however, for altcoins, it is not as favorable. I have warned you to exit before BTC reaches ATH at 104000, in my view, looking at the BTC.D and Total 3 charts, currently only BTC is running, while the main trend for altcoins is mainly down, and if they increase, it will only be a few more %.
- Therefore, I do not encourage everyone to enter positions at this time, it is currently too risky; it is better to miss the opportunity than to lose money.
- What coin are you interested in waiting to catch the bottom?
You guys often tease me saying that I came here to practice being a kols, to lure chickens and all. I would like to tell you guys, you guys are right, but I came here mainly to exchange and learn from each other. The main thing is that I still have my own community, guys, don't be so harsh with me. I have been active in this BTC market for several years, guys :)))