Cryptocurrency bloggers quick pass
1. Top Traders Dove
He said last night: I think before the last parabolic rally you always have some kind of psychological comfort that gives you more confidence that this is not the global top. Since we hit 100k my minimum target has been achieved so the probability that this is actually the top has increased significantly for me. Maybe from 3% to around 25%.
He meant that there was a 1/4 chance of a turn to bearish, and then he got criticized, and some traders I followed also criticized him.
2. Trader Vivian
Her views are shown in the picture. It contains a lot of information. You can take your time to read it. In summary, it means buying at the bottom on the 16th and 18th, and a crazy bull market will start after the 20th.
3. Trader Saint Pump
He believes that BTC and the S&P 500 are in sync and will oscillate until the 20th. As long as the S&P 500 continues to rise, BTC and altcoins will also rise.
Additionally, he mentioned that once it falls below the EMA55 moving average (92K), $BTC
The next stop is 88K.
4. Wave Theory by Liu Yudong
Daily chart on January 9, 2025
The black line is considered the first part, while the red line is the second part. The adjustment at the green point still needs to continue. It has dropped in three segments since the purple point, with a small-level bottom rebound at 92500. If it cannot rebound past 97612, there is still downward momentum, with 87584 as support. The adjustment at the green point is normal for 50 to 90 days. We are still looking for the endpoint. Once the endpoint is found, it will rise again to 115794 and 142252.
What he means is: $BTC during the adjustment, with a support level at 87584, and the yellow line below at 83576 is the observation point he mentioned yesterday. If it does not fall below the yellow line, the bull market will continue; if it breaks, it will continue after 2 years. Regardless, BTC will go to 142252.
Summary
This position is not suitable for bottom-fishing because the BTC 3-day line shows a large bearish candle, and it still needs adjustment time. Vivan's suggestion is to buy at the bottom between the 16th and 18th; the timing prediction cannot be accurate, but we are keeping a close watch, and bottom-fishing should be done before the 20th.
In the market, where there are bulls, there are also bears. What we need to do is control risk to seek profit. Be bold in buying at the bottom when it's time, and decisively exit when it's time to stop loss.
I have things to do today, so I'll keep this brief. Thank you for your support.
Statement:
The above information is for reference only and is not trading advice. The cryptocurrency market is high-risk; participation should be cautious.
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