#Bitcoin Big big volatility is coming🔥⚠️⚠️💥
👀The last time the BBWP signaled multiple blue bars on the 2W-Chart of $BTC , we saw almost a 200% upward move.
👉Incidentally, this is only the second time that we've seen blue bars in the BBWP. This has never happened before in history.
🔥BTC has down-trended for 6 months. When you look at the smaller charts it's less obvious because it's messy but when you look at the monthly chart it's clear as can be.
🚀The upside wicks are all lower. The downside wicks are all lower. We've made a series of lower lows and lower highs since the false breakout.
⚠️If we break again, we're going to go through the level I marked as the critical break level while we were at the high⚠️⚠️.
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💥🔥The US Securities and Exchange Commission (SEC) has extended its review period for Hashdex’s proposal for a combined spot Bitcoin and Ethereum exchange-traded fund (ETF).

💦Yesterday, I posted an article warning about an impending dump in Bitcoin’s price, and I was met with skepticism and even jokes from some who didn’t believe a downturn was on the horizon.
🔥so it means #bitcoin☀️ will fall and touch the bottom. Get ready for a big Dump🔥

In an official notice on August 9, the SEC emphasized the need for “sufficient time to consider the proposed rule change and the issues raised therein.” The agency pushed the decision deadline to September 30, 2024.
👉If this approved, the Hashdex Nasdaq Crypto Index US ETF would provide investors with direct exposure to $BTC and $ETH .

👀 Because price action indicates indecision in the market, with multiple attempts to break above resistance levels but facing selling pressure.

✨This development comes after several exchanges and asset managers moved to include options trading and listing on their spot Bitcoin and Ethereum ETFs. Earlier this week, BlackRock submitted a filing for options trading on its spot Ethereum ETF to the SEC through Nasdaq. On the other hand, however, Seyffart noted that three exchanges have retracted their applications to list options for spot Bitcoin ETFs. 

💥In this case, the upper limit seems to be around the $62,000 level, and the lower limit is around the $54,000 level.

There’s definitely some movement on Bitcoin ETF options. CBOE just withdrew their application for options on spot Bitcoin ETFs. Which sounds like a bad thing at first… But at the same time, they just re-filed a brand new and updated application

💥False Breakouts: Be cautious of false breakouts, as the price might retest the broken support level before continuing its downward move.
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#MarketDownturn #bigDumpComing #HighAlert #Marketsentimentstoday

Yesterday, I posted an article warning about an impending dump in Bitcoin’s price, and I was met with skepticism and even jokes from some who didn’t believe a downturn was on the horizon.
But the data continues to support my prediction...
However, the chart attached below tells a different story, one that I believe is unfolding as we speak.

As seen in the updated chart, Bitcoin's price action is following the anticipated downward trajectory. The resistance level around $62,000 has held firm, and the lack of strong bullish momentum indicates that the bears are still in control.
The RSI (Relative Strength Index) also reflects weakening strength in the upward moves, suggesting that a more significant drop is imminent.
🔥👉But Now BTC will touch 54k -- 55k and even more Bottom.

💥For those who doubted, this is a crucial moment to consider the technical signals rather than getting caught up in market optimism. The warning signs are there, and experienced traders understand the importance of preparing for all market outcomes.
💦💦This is not about fear-mongering but about being realistic and strategic. I stand by my analysis that a big dump is on its way. If this descending triangle breaks down, we could see a swift move to the lower levels I mentioned today and yesterday.
🔥🔥As always, it's vital to stay informed and protect your investments. The market can be ruthless, and it's better to be safe than sorry. For those who mocked the possibility of a downturn, this could be a wake-up call to the unpredictability of the crypto market.
👉Remember: Secure your funds, stay alert, and don’t let market sentiment blind you to the technical realities.
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$BTC
#MarketDownturn #bigDumpComing #HighAlert #Marketsentimentstoday #MarketDump

Bitcoin BIG WARNING ALERT⚠️⚠️⚠️ Zoom out in Bitcoin could drop under 50k once more.
Rallies like this need to be driven by the banks and HFs.
They didn't accumulate enough before Retail took the price away from them. The banks and HFs have sold it all the way up from 30. They don't lose very often.

🔥It's usually best to be aligned the same way as they are.
A Few Days ago, I posted an article warning about an impending dump in Bitcoin’s price, and I was met with skepticism and even jokes from some who didn’t believe a downturn was on the horizon.
But the data continues to support my prediction...
⚠️This is such an easy one that I am tempted to answer right away... Bitcoin is going down!

🔥Now, consider this: The people that are saying that Bitcoin can't move any lower were the same people saying that Bitcoin would never hit below 50K. Bitcoin did hit below 50K so these people were either lying or wrong.

🤔But we thought Bitcoin was moving lower and Bitcoin moved lower exactly as shown by the chart.

🚨For taking a short position - it is necessary to wait for the bounce because BTC right now is dumping

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$BTC #bigDumpComing #HighAlert #BTCDROPING #btctoday #realmabbaskhan

BIG Dump🔥🔥 Coming High Alert⚠️⚠️⚠️ Secure your Funds Now👇👇

In the chart below, a potential Descending Triangle pattern appears to be forming.
👉This is a bearish continuation pattern, suggesting that the previous downtrend is likely to resume after a period of consolidation.
It is characterized by a series of lower highs and a flat or slightly upward-sloping support level.
👀It can be identified by the series of lower highs formed by the recent price peaks and the horizontal support level around the 58,000 - 59,000 region.

💥💥Combining the pattern analysis with other technical indicators, such as RSI or MACD, can provide additional confirmation. But I Mark the level of the #BTCPrice will down and touch $57,500 -$57600. if this Dump breaks 57500.... then it will continue more downtrend.
So Secure your funds and stay safe...

REMEMBER👇💥

It's important to be cautious of false breakouts, as the price might retest the broken support level before continuing its downward move.
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$BTC #bigDumpComing #HighAlert #MarketDump #MarketDownturn

ETH Bulls Beware Key Levels Every Trader Must Watch! ⚠️⚠️💥Are you Ready?⚡⚡
🚀💥Ethereum's price action has caught the attention of traders as it demonstrates a sharp reversal from its demand zone, moving back into the well-defined descending channel pattern. 🔥This critical reversal suggests that ETH might be gearing up for another test of the supply zone, potentially setting the stage for a significant move.
💥Currently, ETH is trading at $2,650, with a target price set at $3,800. This potential upward move, however, hinges on how the price interacts with the supply zone. A rejection at this level could trigger a fresh wave of selling pressure, pushing ETH back toward the lower boundaries of the descending channel.
💸Current Price -- $2650
📈Target Price -- $3800
What Should Traders Do?
We've highlighted crucial levels on the chart for #ETH, offering a roadmap for potential trades. By strategically positioning according to these key levels, traders can capitalize on ETH's price movements within this channel.
Key Strategy to Watch: Look for signs of strength or weakness as ETH approaches the supply zone. If the price fails to break above, it may signal a shorting opportunity. Conversely, a strong breakout could be a signal to ride the momentum toward higher targets.
🚀💸 Ready to make some profits? Follow the chart, stick to the strategy, and navigate ETH's next big move with confidence!
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#PowellAtJacksonHole #BIGALERT #HighAlert #BrokeDown #ethupdates $ETH