Long-term #BTC🔥🔥🔥🔥 holders stop selling - again to the | Valentin Criptan a Binance Square-en

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Valentin Criptan

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Long-term #BTC🔥🔥🔥🔥  holders stop selling -  again to the Moon?🚀The CryptoQuant chart hints that the last time Bitcoin made a strong pump after this.💰💵🚀👍

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Valentin Criptan

@ValentinCriptan

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Bitcoin #BTC☀ is almost ready to start a new and last huge wave to the upside! My target is around 130k for multiple reasons, which I will tell you in this analysis. But what happens after Bitcoin hits 130k? We all know that Bitcoin is extremely volatile, and during its bearish cycles, a 70% - 80% is standard. We can definitely expect a crash from 130k to 60k in the next bearish cycle to retest the current bullish flag (that you can see on the chart). That's why it's very important for you to take profit and potentially enter a long-term short position on futures! Why is 130K important? First we have the 0.618 fibonacci extension measured from wave 1+3 -> wave 4. Also, we have the long-term trendline of this bullish cycle, which is even stronger dynamic resistance level! From the Elliott Wave perspective, we need to complete this impulse wave and make the last wave 5! This wave 5 already started at 49k in August. On the chart, we can see 2 major consolidation periods marked as wave 2 and wave 4. The best plan on Bitcoin #BTC☀ is to buy it and sell around 130k, then enter a short position on futures to make money in the next bearish cycle. You will also get funding fees for holding your short position!💵🚀💥

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Hello my dear friends, another weekly session is over and new data becomes available. Let's review those in an unbiased way and see what the chart is saying. ➖ The 2-Sept. week #bitcoin☀️ just closed at 54,869. This is after being rejected by EMA34. ➖ It is the first time that Bitcoin closes below EMA34 in more than a year. ➖ It is the worst weekly close since Bitcoin moved above 60,000 in February. ➖ It is the worst weekly close, coming out of a major high, since November 2021. ➖ The weekly session also closed below the 0.382 Fib. retracement level relative to the bullish wave that started in September 2023; a major support lost. ➢ Everything is ultra-bearish. ➖ The weekly session that just closed also ended as a Doji but red. Signaling the continuation of the previous candle. The previous candle was a full red candle. ➢ Everything is so bearish that we need not go any further. I would love to entertain you more but it would be a waste of time. All the signals coming from this chart are saying that Bitcoin is about to crash.💵💰💥

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#TON Toncoin ( #tonusdt ) is moving ahead and this shows what is coming to the rest of the crypto-giants that are yet to complete their bearish wave. Here we have this chart depicting a clear lower high on high volume. Today's move is a continuation of the correction that developed after the mid-June All-Time High. A bearish wave always follows a bullish wave... The good news? A bullish wave always follows a bearish wave. When this correction is over, the market will enter a new growth phase and this can last for years. The last growth phase for Bitcoin lasted 16 months; from November 2022 (market bottom) through March 2024 (market top). One final drop; one final leg down; one final crash and it is over... The bears are done. Once the bears let go off the market, it is time for us to have real, positive, GREEN, fun. I will be here reading the charts for you. Thanks a lot for your continued support.💵💰👍

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Everyone is turning very bullish, which is not good for the crypto market. With the upcoming bloody September, we have a strong confluence to sell #Bitcoin with the current price of 63,800. Why are #Bitcoin❗ oin and whole crypto in a bear market? On the chart, we can see that the price is printing lower lows and lower highs, which is by definition a downtrend. It has been like this since March 2024, and nothing has changed since then. We can see that the price is inside this descending parallel channel on the daily chart. There are no signs of strength in higher timeframes! Bulls didn't prove their strength yet, so to me it looks like a bull trap, and we will see a 30% crash! From the Elliott Wave perspective, we have an ABC correction so far, and it's too early to tell if this will turn into an impulse wave or not, but right now this is a corrective structure. The problem is that everyone is turning bullish again; everyone sees a huge bull market, but usually the market does the opposite. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.💵

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