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Explosive’ and Risky Developments Coming for Bitcoin, Warns #Trader Who Caught 2023 Crypto Rally
A trader who masterfully rode the crypto rally this year is warning that #Bitcoin $BTC could witness a sell-off event amid an extended #consolidation at the $30,000 level.
In a new strategy session, top crypto analyst #DonAlt tells his 52,100 YouTube subscribers that Bitcoin is facing multiple headwinds as it struggles to get above a key psychological level.
A trader who masterfully rode the crypto rally this year is warning that #Bitcoin $BTC could witness a sell-off event amid an extended #consolidation at the $30,000 level.
In a new strategy session, top crypto analyst #DonAlt tells his 52,100 YouTube subscribers that Bitcoin is facing multiple headwinds as it struggles to get above a key psychological level.
Is Bitcoin’s Price Staying Strong Near Range Peak? 🧐
In November, #Bitcoin displayed resilience, closing at $37,700, marking its strongest month since April 2022.
Despite attempts by bears, BTC held key support, remaining above $35,000. Traders anticipate a #consolidation phase between $35,000 and $39,000, with resistance levels at $47,000 and the 2021 high of $69,000. The recent climb to $38,000, after the month-end, signified Bitcoin's first significant move.
Despite macroeconomic data releases in the U.S., Bitcoin showed minimal response. Analysts emphasize the importance of breaching the $40,000 mark due to #historical resistance/support lines.
Material Indicators highlighted the significance of this price zone, illustrating key levels on the monthly chart and signaling long and short positions using proprietary indicators.
#Binance
#crypto2023
In November, #Bitcoin displayed resilience, closing at $37,700, marking its strongest month since April 2022.
Despite attempts by bears, BTC held key support, remaining above $35,000. Traders anticipate a #consolidation phase between $35,000 and $39,000, with resistance levels at $47,000 and the 2021 high of $69,000. The recent climb to $38,000, after the month-end, signified Bitcoin's first significant move.
Despite macroeconomic data releases in the U.S., Bitcoin showed minimal response. Analysts emphasize the importance of breaching the $40,000 mark due to #historical resistance/support lines.
Material Indicators highlighted the significance of this price zone, illustrating key levels on the monthly chart and signaling long and short positions using proprietary indicators.
#Binance
#crypto2023
- A #trader who successfully predicted the earlier crypto rally this year is currently staying on the sidelines due to Bitcoin's recent loss of gains from #BlackRock's ETF application.
- The recent Bitcoin correction that dropped #BTC below $26,000 indicates to the trader that bears have taken control of the market.
- The trader notes that the retracement of gains from the #BlackRock ETF news signals weakness, as the market is trading at levels that were not expected to be revisited.
- The trader will only reconsider their stance if Bitcoin reclaims $30,000 or drops to $18,950.
- Trader sentiment towards altcoins suggests that it's not the right time to re-enter the crypto market, as many are buying alts after the #consolidation broke to the downside.
- Currently, Bitcoin is trading at $25,945.
$BTC
- The recent Bitcoin correction that dropped #BTC below $26,000 indicates to the trader that bears have taken control of the market.
- The trader notes that the retracement of gains from the #BlackRock ETF news signals weakness, as the market is trading at levels that were not expected to be revisited.
- The trader will only reconsider their stance if Bitcoin reclaims $30,000 or drops to $18,950.
- Trader sentiment towards altcoins suggests that it's not the right time to re-enter the crypto market, as many are buying alts after the #consolidation broke to the downside.
- Currently, Bitcoin is trading at $25,945.
$BTC
Navigating the Consolidation Phase: Strategies for a Mixed Crypto Market
Hey crypto fam! 🚀 As we sail through the crypto seas, we're currently riding the waves of a market consolidation. Let's dive into how we can navigate this mixed bag of a market with some savvy strategies.The Current SceneRight now, the crypto market is like a game of chess – a lot of strategic moves but not much action. Bitcoin's chillin' below $40K, while altcoins are playing a game of tug-of-war. Some, like Ethereum Classic ($ETC ), are showing an uptrend, predicted to rise in the coming days. 📈Spotlight on ETC and OthersETC's been a little star lately, gaining over 11% in the last month. Why? Maybe it's the tech, maybe it's market sentiment – but it's got traders' attention. Let's keep an eye on such altcoins that are defying the overall market vibes.Sideways Market StrategiesIn a market that's moving sideways, it's all about strategic plays. Think about:- Short-term trades based on technical analysis.- Setting tight stop-losses to minimize risks.- Looking for coins showing unusual activity – there might be opportunities there.Thinking Long-TermRemember, fam, Rome wasn't built in a day, and neither is a solid crypto portfolio. In times like these, think long-term:- Rebalance your portfolio if needed.- Research and invest in projects you believe have future potential.- Keep hodling if you believe in your coins' long-term value.Let's Hear It from YouWhat's your move in this market? 🤔 Are you spotting any altcoins that are looking promising? Drop your thoughts in the comments!Stay sharp, stay patient, and let's navigate these waters together. Until next time, keep your eyes on the horizon and your hands steady on the wheel! 🌊🛥️#consolidation #AltcoinOpportunity #LongTermGoals
$BTC
Bears got hunted, bulls got shocked.
Hourly open interest is slightly bullish, but mainly shows indecision.
Consoladition with little bit of upward movement can be expected in the upcoming days.
What y'all think?
#BTCUSDT.P
#Openinterest
#consolidation
#Write2Earn
Bears got hunted, bulls got shocked.
Hourly open interest is slightly bullish, but mainly shows indecision.
Consoladition with little bit of upward movement can be expected in the upcoming days.
What y'all think?
#BTCUSDT.P
#Openinterest
#consolidation
#Write2Earn
🛑$ARKM USDT URGENT UPDATE :🛑
Observation:
👉 Look for $ARKM 's price forming a consolidation pattern. This means the price is moving sideways, not trending strongly up or down. 🔄
Identify Liquidity Shadow:
👉 Within this #consolidation , observe if there's a shadow (a quick dip in price) that takes liquidity off the lows. This indicates that there's buying interest at lower levels. 🕳️💰
Reaction and Buyback:
👉After the liquidity shadow, watch for a reaction from buyers, pushing the price back up. This indicates that buyers are stepping in to support the price. 📈💪
4. Spot Liquidity Zone:
👉Above the upper boundary of the consolidation, look for a liquidity zone. This can appear as equal highs and imbalance, suggesting potential buying interest at higher levels. ⬆️💧
5. Timing Entry:
👉Wait for the penultimate (second to last) white candle to fill the imbalance in the liquidity zone. This candle indicates strong buying pressure. ⏳🕯️
6. Entry #Strategy :
👉Enter the trade with multiple orders, dividing your entry to manage risk. This means not putting all your funds into the trade at once. 💼💰
7. Manage Risk:
👉Throughout the trade, prioritize upward movement, but always trade cautiously, observing risk management principles to protect your capital. 🚧⚠️
#HotTrends
#cryptouniverseofficial
$ARKM
Observation:
👉 Look for $ARKM 's price forming a consolidation pattern. This means the price is moving sideways, not trending strongly up or down. 🔄
Identify Liquidity Shadow:
👉 Within this #consolidation , observe if there's a shadow (a quick dip in price) that takes liquidity off the lows. This indicates that there's buying interest at lower levels. 🕳️💰
Reaction and Buyback:
👉After the liquidity shadow, watch for a reaction from buyers, pushing the price back up. This indicates that buyers are stepping in to support the price. 📈💪
4. Spot Liquidity Zone:
👉Above the upper boundary of the consolidation, look for a liquidity zone. This can appear as equal highs and imbalance, suggesting potential buying interest at higher levels. ⬆️💧
5. Timing Entry:
👉Wait for the penultimate (second to last) white candle to fill the imbalance in the liquidity zone. This candle indicates strong buying pressure. ⏳🕯️
6. Entry #Strategy :
👉Enter the trade with multiple orders, dividing your entry to manage risk. This means not putting all your funds into the trade at once. 💼💰
7. Manage Risk:
👉Throughout the trade, prioritize upward movement, but always trade cautiously, observing risk management principles to protect your capital. 🚧⚠️
#HotTrends
#cryptouniverseofficial
$ARKM
Why #Bitcoin(BTC) is Dumping 👇
The recent dip in Bitcoin's price is likely a result of profit-taking by early investors after its significant run from $15500 to $73700. However, it's important not to #panic as this correction was expected given Bitcoin's rapid ascent.
Interestingly, altcoins are holding up relatively well compared to Bitcoin, indicating that money is flowing from BTC to other coins in the market. Once Bitcoin stabilizes and finds support, it's expected to range between $60000- $72000
This period of #consolidation will give #Ethereum(ETH) an opportunity to shine, especially with the potential approval of a spot #ETF: in May, following Bitcoin's halving in April.
As $BTC ranges, $ETH is anticipated to break $5k and set new all-time highs, driven by the ETF excitement similar to what Bitcoin experienced.
This surge in ETH's price will likely instill more confidence in the market, leading to increased investment across high, mid, and low-cap altcoins, potentially triggering an epic altseason.
It's crucial to hold steady and be patient during these times, as the overall trend remains bullish for both Bitcoin and altcoins. Avoid getting shaken out by the actions of whales and focus on the long-term potential of your investments.
Thankyou.
The recent dip in Bitcoin's price is likely a result of profit-taking by early investors after its significant run from $15500 to $73700. However, it's important not to #panic as this correction was expected given Bitcoin's rapid ascent.
Interestingly, altcoins are holding up relatively well compared to Bitcoin, indicating that money is flowing from BTC to other coins in the market. Once Bitcoin stabilizes and finds support, it's expected to range between $60000- $72000
This period of #consolidation will give #Ethereum(ETH) an opportunity to shine, especially with the potential approval of a spot #ETF: in May, following Bitcoin's halving in April.
As $BTC ranges, $ETH is anticipated to break $5k and set new all-time highs, driven by the ETF excitement similar to what Bitcoin experienced.
This surge in ETH's price will likely instill more confidence in the market, leading to increased investment across high, mid, and low-cap altcoins, potentially triggering an epic altseason.
It's crucial to hold steady and be patient during these times, as the overall trend remains bullish for both Bitcoin and altcoins. Avoid getting shaken out by the actions of whales and focus on the long-term potential of your investments.
Thankyou.
📉 Attention crypto community! 🚨 The KMD/USDT pair is currently in a tight spot, lingering stubbornly at $0.3618. 🛑 As traders, we're faced with a critical juncture: is this a momentary pause in the rally or a sign of impending consolidation? 🤔 Overall its in upward momentum form last 3 days.Let's dissect the charts, analyze the indicators, and collaborate on our predictions! 💬💼 Share your insights, strategies, and predictions as we navigate this pivotal point together! Keeping an eye on its next move🤟
#KMDUSDT #cryptooinsigts #analysisreport #consolidation 📊🚀
#KMDUSDT #cryptooinsigts #analysisreport #consolidation 📊🚀
