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TheCryptoDegen
--ใƒป488 views
Happy new year mates ๐ŸŽŠ๐ŸŽŠ๐ŸŽŠ buy more #BTC and just chill & #HODL. Happy 2024...to more wins crypto maniacs

Happy new year mates ๐ŸŽŠ๐ŸŽŠ๐ŸŽŠ

buy more #BTC

and just chill & #HODL.

Happy 2024...to more wins crypto maniacs

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
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Happy bitcoin halving! (stock-to-flow doubling): - in the 6 months before the halving, insiders frontrun it: price 2x - in the 6 months after the halving, miner revenue adjusts: price 2x - 6-18m after the halving, the rest of the market rushes to get a piece of the pie: price 4x #bitcoinhalving
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April 17: Bitcoin 1D #Bitcoinโ€ฏโ€ฏโ€ฏ price is still testing first support zone. Will this support break or BTC will bounce from here ? WE ARE IN BULL MARKET and trust me no one can predict Bitcoin short term move in bull market. But yes we are going to $100,000+๐Ÿ”ฅ BTC price can give a wick to wash out short term traders. Whales will create panic in market and buy cheap coins 2nd demand zone is near $52k. There are many short term support and resistance on chart base on MA, FIB and other indicators but high volatility will disturb your trade. Bitcoin ETF is major incident which is driving Bitcoin price and we can say that BTC broke its all time high before halving just because of Bitcoin ETF. Hong Kong ETF is approved as well so donโ€™t focus on short term price action hold spot positions and chill
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Why Is #Bitcoinโ€ฏโ€ฏโ€ฏ Dumping? ย  1) Iran-Israel War Situationย  ย  Just a few minutes ago, the former Mossad intelligence chief said that they could strike Iran nuclear facilities.ย  ย  This is a massive statement and could even lead to the WWIII situation.ย  ย  This is causing panic in the market, which is dumping BTC and crypto. ย  2) Powell turning hawkish ย  Yesterday, Powell said that they're still not very confident about inflation and could keep the interest rates for longer. ย  The market was anticipating a rate cut in June, but now there's even a 1% probability of a rate hike. ย  3) Retail greed ย  Retail has become too greedy and longing every every dip with high leverage. ย  Despite recent corrections, the funding rate was still positive, which shows that the market is still greedy.ย  ย  Unless and until we see a full reset or even negative funding for some time, the market could keep going sideways/down #bitcoinhalving #BullorBear
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IMO this bitcoin halving will NOT be different: - All bitcoin price increase will again be around the halving - Buying 6m before the halving and selling 18m after the halving (green line) will outperform buy&hold - BTC > $100k in 2024 - BTC top > $300k in 2025
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#BTCโ€ฏโ€ฏโ€ฏ 3 Phases of The Bitcoin Halving 1. Final Pre-Halving Retrace The Pre-Halving Retrace has already occurred and is in the books This Pre-Halving Retrace was -18% deep whereas in 2016 it was -38% and in 2020 it was -19% deep This Pre-Halving Retrace was the final bargain-buying opportunity in the Pre-Halving period Bitcoin is only 7 days away from the Halving 2. Re-Accumulation Now that the Pre-Halving Retrace has occurred, it has set up the very foundations of the Re-Accumulation Range This Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it weeks after the Halving The goal now is for Bitcoin to move sideways going into the Halving and beyond The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months) Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving 3. Parabolic Uptrend Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green) It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle $BTC #Crypto #Bitcoinโ€ฏโ€ฏโ€ฏ
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