Gann's prediction for BTC (Bitcoin) on November 22, 2024 is as follows:
Green area: Bitcoin tends to have a higher probability of rebounding in this area, or is more inclined to show a sideways trend;
Red area: Bitcoin is likely to fall, or has a higher probability of sideways movement.
As for the market trend for the rest of the day, it is expected to show a trend of rising and falling.
Among them, the time point when the price may reach the top may be before the US trading session, and the time point when the price reaches the bottom may be before the closing, and there is a chance that the price will reach the position of 1017.
In the trading market, most people are not trading rationally, but are "gambling with their lives" with their own wealth.
In the trading market, most people are not trading rationally, but are "gambling with their lives" with their own wealth. They are completely ignorant of key knowledge such as position management and fund management. We must know that there are thousands of different opinions in the market, and each KOL holds different views, so we must build a mature trading system that can achieve stable profits.
After all, profits gained by luck will be returned sooner or later, and getting rich overnight is just an accidental experience for some individuals.
This is a very popular meme project recently, with many mid-influence KOLs vigorously promoting this cryptocurrency, so it is worth exploring whether there are potential opportunities within.
From the 30-minute level (30F), it is currently in a three-stage downward trend structure.
In this, segment ac shows a divergence phenomenon, and the internal central area of segment c is undergoing expansion and upgrading, currently at a critical point for divergence.
Switching to the 5-minute level (5F) perspective, it can be found that there is a consolidation bottom divergence situation, and it is currently in a pullback process; however, the pullback strength is relatively weak and has not produced any decisive effective damage, so the possibility of forming a third type of selling point and extending cannot be ruled out.
Trading Operation Suggestion: Although there is a bottom divergence interval structure, it seems slightly better than the neighboring act, but given the current situation, it is still not suitable to rush in.
Even if there are many nested buying levels, it essentially still belongs to a left-side trading strategy, containing a significant speculative gambling nature. Community ID: Yunzi Community, No Waste Good County
Unless a 5-minute level central area can be constructed subsequently, successfully forming a third type of buying point, allowing us to clearly observe the current market reversal situation, otherwise I will not consider intervening in trading this cryptocurrency.
In-Depth Analysis of Thursday Afternoon Market Trends and Friday Strategy Outlook
In the cryptocurrency market on Thursday, the market was in a state of consolidation during the early hours, seemingly gathering strength in the background, indicating that significant market movements were about to occur.
As noon approached, the bullish momentum could no longer be contained and began to emerge.
After successfully securing profits from the long positions held, it was precisely pointed out that once the price broke through 75000, a subsequent strong rally would inevitably follow.
As expected, the market trend followed my predictions, surging forward unstoppably towards 97900, resulting in substantial profits for all long positions during today's trading.
To delve deeper through the four-hour price trend analysis, the market, after experiencing a continuous and strong upward movement and successfully breaking through previous highs, is currently showing a brief pause, accompanied by a longer upper shadow.
This pause phenomenon aligns with the theories we previously articulated and should be regarded as the gradual unfolding of a corrective structure.
However, considering there is still ample upward space above, even a slight pullback could potentially impact the current strong pattern.
In terms of short-term strategy, we must closely combine price patterns and closing strength to comprehensively assess the sustainability of the market's strength.
In smaller time frames, such as during the noon period, although the market experienced a pullback after reaching a high point, the extent and strength of the retracement were relatively limited, causing no substantial damage to the overall strong pattern.
For future trends, we can attempt short positions to observe the continuity of the pullback, and based on the actual strength of the pullback, make timely adjustments, subsequently capturing the perfect timing for entering long positions. Cloud House Public No: Cloud Community, no waste, beautiful skirt
Friday Afternoon Operation Suggestions
For Bitcoin (BTC), if a pullback occurs to around 96500 - 97000, consider entering long, with the upper target price looking towards 98000 - 98900.
For Ethereum (ETH), when the price pulls back to the range of 3090 - 3100, it is suitable to perform long operations, with the upper target price set at 3220 - 3250.
Bitcoin's overall market capitalization has now reached 60%. Looking back at the data from the last bull market, it is known that when Bitcoin's market cap approaches 67%, altcoins will experience a collective explosive market.
Based on this prediction, the arrival of this moment is not far off. If nothing unexpected happens, it is likely to occur in the early to mid-December period.
After reaching new highs, Bitcoin has slightly retreated, and altcoins immediately fell into a state of gloom.
The current market situation is indeed not optimistic. Wall Street funds are only interested in Bitcoin, and retail investors in the U.S. are only focusing on on-chain meme coins, while mid-tier altcoins are mercilessly sidelined by the market, as if they were forgotten in a corner. Therefore, we can only patiently wait.
When Bitcoin's price successfully breaks through $100,000, we will then observe whether it can inject some confidence and vitality into altcoins. As long as market confidence can be restored and reshaped, I believe that many investors will be invigorated again, and the market is expected to regain vitality and energy.
From the current status of BTC, it is highly unlikely that it will touch the key level of 100,000 this week, as there are almost no signs of a pullback.
The current price is still in a strong bullish phase, and as long as during short-term pullbacks, the 4-hour line does not drop below 95,200 - 95,400 (MA7), and the daily line does not drop below 92,000 (MA7), there is basically no need for concern.
The 1-hour line can refer to the mid-line position of 95,000 (i.e., the current position). There is no obvious resistance above, only a turnover area based on market consensus, so we can still look towards 100,000.
The RSI index has reached 80, currently in the overbought range, but considering the extremely high market sentiment, this index is nearly distorted and can be ignored for now.
CEM: The BTC futures index has a positive premium of 600 points compared to the spot market, and this is still before the US market opens, which is enough to indicate that the bullish demand in the futures market is very strong.
In summary:
We should maintain a cautiously optimistic attitude and quietly wait for the historic moment when the 100,000 mark arrives.
If this goal can be achieved this week, then next week we need to reassess the overall market trend. Continuous and significant increases have the downside of draining liquidity from risk capital flow in the entire market except for BTC.
For BTC itself, a too strong upward trend often hides crises; appropriate pullbacks can create more opportunities for the entire market, which is a more favorable development trend.
The series of situations triggered by MicroStrategy has disrupted the originally expected adjustment path. Public House No. 9: Cloud Son Community, No Waste Excellent Skirt
Currently, many investors are very concerned about what kind of fluctuations will occur when the price reaches 100,000, whether it will directly break through to 110,000 or even 120,000.
But frankly speaking, with my limited knowledge and experience, it is difficult to predict such a long-term trend, and I do not want to make baseless speculations (after all, I am not an authoritative expert). I still focus on the price trend around 100,000, and then make a comprehensive judgment based on market data; this is my basic thinking and viewpoint.
On November 21, everyone watched as Bitcoin kept rising, with the price climbing steadily.
In this situation, many people thought to themselves that they couldn't sell their coins, as they might continue to rise. But when they came to their senses and took a closer look, they realized that their altcoins had already trapped them tightly.
As for whether these altcoins will experience a rebound later or perhaps surge dramatically, that really varies from person to person and everyone has their own opinion.
In my past experiences with price surges, I have indeed encountered situations where Bitcoin rose, pulling other altcoins up along with it.
However, this time is a bit different; Donald Trump has taken office, and his way of thinking is quite different from that of ordinary people, so it’s hard to say what kind of impact his presidency will have on the market. Community ID: Yunzi Commune, No Waste Excellent Skirt
Moreover, up to now, Bitcoin has not shown any significant fluctuations on the daily chart, nor has it displayed any large bullish candles with long lower shadows.
Looking at the current situation, it wouldn't be surprising at all if Bitcoin rises to 100,000, as it's only 5,000 points away from it. Who knows, one day there might be a large bullish candle that shoots it up in an instant.
Let's talk about the reasons for reducing altcoins yesterday.
In fact, this processing logic has already become a consensus among veteran stock traders.
The general situation is as follows: when the stock market index is in an upward state, it normally leads to the rise of many individual stocks as well.
However, if some individual stocks show a sideways or slightly declining performance, it means that there exists a force that opposes the upward trend of the overall market for these stocks.
This force often takes advantage of the overall favorable situation of the market rally to sell off, and these types of stocks are referred to as "junk stocks" in the professional field.
The same reasoning applies to the cryptocurrency market. If Bitcoin shows a one-sided upward trend, but altcoins do not rise accordingly and even show slight declines, then from this perspective, these altcoins are like junk stocks in the stock market, making them unsuitable short-term investment targets, and decisive reduction of positions must be taken at this time.
Of course, there are still certain differences between the cryptocurrency market and the stock market. The degree of sector differentiation in the cryptocurrency market is not as significant as in the stock market. In extreme cases, it is even possible to see some stocks hitting the upper limit while others hit the lower limit at the same time in the stock market, which makes stock traders more sensitive to changes in capital flow.
In contrast, cryptocurrency traders generally have a relatively lower sensitivity to sector differentiation and capital flow, but this actually becomes an advantage for all-category traders.
All-category traders can span multiple different trading markets, and the trading skills they master are universal; they can be effective in the cryptocurrency market, stock market, or other financial trading markets.
Because of this, I have always encouraged everyone to try all-category trading, as it helps to broaden investment horizons, better grasp market dynamics, and make more reasonable investment decisions.
BTC market has once again refreshed its historical high, and it is not far from the predicted high range of 96 - 98.
However, this is merely an estimated high point, and given Bitcoin's strong trend at present, it is difficult to assert whether it can reach this range in the future. Currently, the BTC market shows a trend of funds pushing prices up unilaterally, but has not been able to drive the entire market to rise in tandem.
The usual practice is to first purchase Bitcoin, and then wait for Ethereum to catch up; however, this year the situation is that buying Bitcoin yields profit while buying Ethereum results in losses.
Therefore, operational strategy is particularly crucial.
This year, as long as one shorts altcoins and Ethereum at random, profit can be made, but shorting Bitcoin is not feasible.
As long as one holds long positions in Bitcoin this year, continuous profits can be obtained. Conversely, if one goes long on Ethereum and altcoins, they will fall into difficulties. In such a market, can this really be called a bull market?
ETH trend analysis: its price has once again reached the critical defense point of 3000.
Yesterday, a small bullish line was formed on the daily chart, while bearish signals have already appeared on the four-hour chart.
In terms of the current trend, the probability of breaking below 3000 is continuously rising.
BTC (Bitcoin) is currently in a correction phase, but judging from the trend, it will stabilize at the 4-hour support level. After all, the Duotou force will also try its best to protect the key support level to prevent it from being broken.
From the perspective of the daily chart, Bitcoin successfully created a new historical high in the early morning.
It is particularly important to note that there is extremely strong resistance in the price range of US$95,000 to US$96,200, and this range is also the key area for the Kongtou to choose Pingcang operation.
Although the price was raised to around 94000 in the early morning, a strong drop occurred afterward. However, this 2600-point pullback falls within the normal adjustment range, and there is currently no likelihood of a deep correction.
89300 has already become a strong support level in the short term (the strong support level last week was around 85250), and the low has been raised by nearly 4000 points.
It is reported that some people got trapped when the price was between 70,000 and 80,000, and they are hoping for a significant correction every day. This anxious feeling is understandable, and they can only endure it slowly.
When the price reaches 100,000, there will probably be a period of adjustment, but the bottom won't be too low, so it's necessary to make trades.
As the saying goes, "A fortune cannot buy a cow's return"; in this one-sided upward trend, chasing highs is much stronger than blindly holding.
If the price range is from 65800 to 100000, the increase is 34200 points.
A 0.382 pullback would drop to 86950;
A 0.5 pullback would drop to 83000;
A 0.618 pullback would drop to 78800.
Therefore, do not expect too large of a pullback in the future.
Market Quick Review: ETH At the 30F level, ETH is different from BTC.
BTC is in a neutral structure of consolidation, while ETH shows a clear bearish structure, currently running the third segment of a downward trend at the 4H level, at a type II sell position, possessing a shorting structure.
In fact, I already initiated a short position at the first type II sell position, and I will do another short when it leaves the segment. After the current trend ends, it is necessary to observe whether there is a divergence phenomenon to decide whether a long position can be taken subsequently.
Trading Advice: Pay attention to the completion progress of the current 30F structure; you can either follow the short-term trend to short or wait for a bottom divergence to long, depending on which part of the market you wish to participate in. Public account: Yunzi Community, no waste of good skirts.
The essence of trading is to engage in a segment of a trend that has not yet completed, and what you want to participate in is the part that is about to complete. Clarify which part you want to participate in, and your trading plan will naturally become clear.
From the hourly trend of the big pie, is there a trend of forming an M head?
In fact, the emergence of an M head situation is not necessarily a bad thing, after all, if the price is too high, investors may not dare to enter the market.
A proper adjustment is beneficial, so that everyone has the opportunity to buy their desired spot.
As long as the big pie does not break below 89800, the situation is basically controllable.
Even if it breaks below 89800, if it can rise again, that's fine. But if it breaks directly and cannot recover, then the problem could be serious!
🔥 Combined with graphical analysis: If there is a direct breakout with volume above 92070, one can chase long on the right side;
If it falls below 91247, then one can chase short on the right side.
Let’s see if tonight's market will have significant price fluctuations like last night, repeatedly "washing" investors. Official public account: Cloud Community, no waste good skirt
The stop-loss shown in the figure must be set properly. Once there is a profit, exit in a timely manner, do not be too greedy for profit, unless the market moves in the direction you expected after you placed the order, and is getting further away from your entry point, in this case, you can hold a little, but apart from that, the best strategy is to take a little profit and run.
In the 30-minute level (30F) trend, Bitcoin is still in the stage of building the central segment of the top line, with three segments already defining the width of the central.
It is currently in the third phase of a downward movement, with the central running horizontally.
At this stage, one should pay attention to whether there will be an extension upgrade, observing if a non-divergent departure segment can form.
Trading advice: Currently, we should apply a consolidation mindset to handle trades, which is the partition money-making method in the broken-down levels of the theory of Chan.
As the market has developed to this stage, many people have begun to predict that Bitcoin's price will drop to 70,000 or 80,000. However, this is merely an intuition based on the inherent belief that "after a lot of increases, there will be a drop"; it is an unrealistic thought.
For those of us engaged in trading, it is essential to adhere to the principle of "current objectivity" and not rely on subjective assumptions to trade.
If one always guides trades with predictive thinking, they will ultimately fall into the trap of "self-attachment," making it impossible to accurately perceive the information conveyed by the market.
All traders must do their best to avoid this situation.
Are you clear about when the bull market will end? Today, let’s talk about it. When the following situations occur, it often means that the bull market is about to come to an end.
First is the first stage. In this stage, BTC will first start its upward mode, and then public chain coins will also rise accordingly. After this wave of market continues for a period of time, BTC will enter a phase of consolidation.
Next is the second stage. At this point, the situation has changed; public chain coins begin to lead the rise, while BTC becomes a follower in the upward trend.
Then there is the third stage. In this stage, both BTC and public chain coins will maintain a sideways position at high levels. At this time, altcoins begin to gain momentum, showing explosive upward trends.
Once all three stages are completed, it often indicates that the bull market has ended, followed by a bear market. As for the current situation, we are still in the first stage.
However, the market situation is ever-changing, and this is just a rough reference. Everyone should still act cautiously in the face of market changes.
Trading cryptocurrencies requires avoiding greed. Keep these pieces of advice in mind, and you'll have no problem navigating the crypto space!
First: Averaging down after being stuck is not to obtain high profits, but merely to reduce losses. Once you're stuck, do not fantasize about recovering through a rebound; this is just asking for trouble. The purpose of averaging down is to minimize losses, and you must not lose your rationality due to temporary being stuck.
Second: A calm market often hides risks; do not be deceived by superficial stability. The market changes rapidly, and you never know when the winds will change. Remember, after a significant rise, there will inevitably be a correction. If the K-line shows a triangular formation, pay special attention, as excessive gains will inevitably lead to a correction; never get stuck at high positions.
Third: Timing your purchases is crucial. Follow the principle of buying on bearish candles and selling on bullish candles. When others are panicking, you should bravely buy; when others are euphoric, you should decisively sell. True experts operate against market trends, neither chasing high prices nor blindly selling in a panic. Moreover, do not sell without a significant rise, and do not buy without a significant drop; do not act hastily during sideways movement. Closely monitor the resistance and support levels during the ups and downs; this will give you more confidence in your operations.
Fourth: Operating with a full position is a major taboo; maintaining flexibility is key. The cryptocurrency market changes quickly, and managing your positions well is the way to win. Only by responding flexibly to various situations can you survive and thrive in the crypto space. Public account: Cloud Community, avoid wasteful skirts.
Fifth: Your mindset is crucial when trading cryptocurrencies; greed and fear are your biggest enemies. Chasing prices and selling in panic will only lead to greater losses. Only by remaining calm can you steadily navigate the cryptocurrency market.
Bitcoin briefly dipped below the support level last night but quickly regained its ground, subsequently touching the four-hour support level at 90600.
The four-hour level pullback has been completed, and a four-hour uptrend has begun.
Currently, it has broken through the upper resistance level of 92000, and the next key resistance level to watch is 93400.
From a smaller timeframe perspective, the pullback support levels are 91465 and 90600.
If these two support levels are broken, one needs to pay attention to the bottom support level of the four-hour consolidation area at 88763.
If this bottom support level of the consolidation area is also breached, the price will continue to decline and may fall to the levels of 86800 and 85261.
The trading ideas are as follows:
Consider going long near 93200, with a stop loss set at 93500;
Near 95000 - 96000, one can take a light long position, with a stop loss set at 96600;
Public account: Yunzi Community, free of wasteful skirts.
If the price breaks through 100000, one can use three times leverage to make medium to long-term long positions with a 5% margin. As for short positions, one can make a short long operation at 85200, with a stop loss set at 84500.
The small level of sats has already broken through and stabilized. Next, we need to pay attention to the area around 0.00028u, which is the short-term resistance line. After breaking through this, the next target will be 0.00030u, which is a strong resistance line. Once it breaks, it will directly start to reverse, welcoming a strong surge. The premise is that the small resistance line can break through, and I hope it won't be a false alarm.
Bitcoin fell to a low of $88,722 in the morning, but it immediately rebounded after breaking through the one-hour level.
The price of 88,700 formed a strong support, and the market sentiment also slightly warmed up. Its trend rebounded and returned to above $90,000.
After repairing and sorting, the market formed a range. In the future, we should focus on whether the position of $90,000 can stabilize.
If there is a sharp decline, it is likely to touch around 93,000 first, and there is a possibility of a small new high.
The reason is actually not difficult to understand, that is, let the long orders burst first, and then let the short orders burst!
The short-term market is still in a consolidation state, and the operation idea is still to maintain a low position.
Ethereum is suppressed by 3250 above, and the current trend remains oscillating in the range around 3110. The short-term market is more inclined to fluctuate. There is no obvious sign of breaking at present. It is expected that this oscillating posture will continue for a while.
We should pay attention to the support level of 3000 below. If it falls below, the next support level is around 2900. At that time, we can consider building in batches.
The Bitcoin (BTC) market has been fluctuating at the current position for a week, and the price fluctuations are large.
As far as the current price is concerned, this fluctuation is already quite large, but compared with the previous trend, its price still has the possibility of rising to a new high.
But for Bitcoin, the current price actually contains a large risk, and the market is in an extremely greedy mood.
Ethereum (ETH) successfully held at the 3000 point position. From the current trend, it has launched an upward rush to the 3220 first-line resistance level and then stepped back, and tested around 3000 points many times.
This week, based on the current situation of Ethereum, it is expected that there will be another wave of rebound and upward rush, and the interim target will first look at the 3300-3400 range. If it can break through the high point of this range, then the 3700-3800 range is a good time to clear the position;
But if it cannot break through 3500 points, it is necessary to be cautious in the 3300-3400 range. It is not critical whether to take the tail profit or not. What is important is whether you can clear the position in time before the big drop. The recent operation is still ideal.
Today and this week's highlights
For the Bitcoin market, the daily level needs to focus on the support point of the 85000-86000 range. Once this point is broken, Ethereum may also fall below 3000 points, and may even drop to the 2800 point line.
At present, the visible target high point of Bitcoin is 96000-98000. Accordingly, the height of Ethereum is expected to be around 3400.
At the daily level, the support of Bitcoin in the range of 78000-80000 should also be noted, and finally the key trend point of 68000-72000 should be focused on.
In terms of Ethereum market, its four-hour level successfully defended the 3000-point mark.
This week, you can first pay attention to its rebound resistance points. The first resistance range is 3260-3300, and the second resistance range is 3380-3450 (near the previous high point). Guanzhugongzonghao: Yunzi Commune, Mianfeijiaqun
The rebound trend depends on market dynamics. At present, the AI sector and the game sector need to be paid attention to this week. For the game sector, we continue to pay attention to the YGG, IMX, and NOT series of currencies.