Trader, Certified Technical Analyst since Jan 2015. Called the market Tops and Bottom publicly since 2019. Am here to help. Follow me on Twitter @Cryptorphic
#BTC Update:- closed around $84,088 (Binance). Unless we break above $87.5K, there’s still a chance we revisit the lower $70Ks before seeing any real reversal.
With the weekend here, it’s wise to focus on capital preservation rather than taking unnecessary risks on futures, especially in such uncertain market conditions.
Just a heads-up: the blue EMA on the chart is the 35-period.
Hope this helps. Cheers, and have a great weekend!
🚨 BREAKING:- The Federal Reserve has maintained interest rates, as anticipated, signaling potential rate cuts later this year amid slowing economic growth and rising inflation.
Bitcoin (BTC) is currently trading at $85,108, up 3.81% from the previous close. To trigger significant market movements, BTC needs to break above the $86K-$87K range.
High-leverage positions on both sides are being liquidated ahead of major moves. Ethereum (ETH) is trading at $2,035.14, reflecting a 7.50% increase.
The attached ETH chart illustrates current market dynamics. #FedWatch #btc $BTC
#Tether showing signs of rejection at multi-year resistance (~6%)
Tether dominance is facing initial rejection from the key 6% resistance zone, a crucial level for swing-long traders. The index has been ranging between 4% and 6% since early 2024.
A weekly rejection could trigger reversals in many altcoins. Stay objective, market conditions make this setup seem unlikely, but that’s the catch. Watch the charts without bias.
Invalidation: A break and close above this resistance. Action: Scale in or hold spot positions.
DYOR, NFA. More alpha and charts dropping from Monday.
Tether’s breakout above 4.33% which aligns with the 100 EMA and the trendline resistance of the current trend, could delay the anticipated altseason by a few months. If this level holds, we may see a green Q2 instead of Q1.
Why This Resistance Matters
A rejection at the current resistance is crucial. The market sentiment is at a point where traders are exhausted, impatient, and uncertain often an ideal setup for a reversal. So we could see a fake breakout before breaking down again but this is just my opinion as per market sentiment and Altcoins charts but who knows!
We’ve already endured significant pain while BTC continues trading within a narrow $5K range. This price action is unlike anything we’ve seen before.
Risk Management in the Current Market:-
• Avoid Excessive Exposure to Derivatives – The market is unstable, making futures trading particularly risky. • Holding Spot Bags? Stay Patient – A single day of bullish momentum could push your portfolio back to break-even levels.
The Game Plan:-
For now, we wait for clarity , I am holding my spot bags, though looking them is painful lol. Please manage your risks properly. Dont play on futures if you’re not experienced!
$BTC long-term chart tells an incredible story: after every major bearish (red) yearly candle, three consecutive bullish (green) candles follow. We’re now on the third green candle of this sequence, a phase that has historically delivered significant gains driven by strong momentum.
“When in doubt, zoom out” perfectly captures the essence of Bitcoin’s cyclical nature. Remember, dips are only opportunities, don’t give up on them and don’t miss out on the best gains that are still ahead.
As we step into a brand-new year, I wanted to share this insight with you as my way of saying thank you. Thank you for all the support you’ve shown me this year and in the years before. Your trust and encouragement mean the world, and I hope to keep earning it in the future.
Wishing you all a very Happy New Year! May this year bring you happiness, good health, and prosperity in abundance. Here’s to a fantastic 2025 ahead! 🚀✨
Bitcoin’s path to $100K and even $135k is, in my opinion, inevitable. To make the most of it, you need to keep USDT in reserve. I personally maintain a 20% reserve, consistently taking profits from my leverage trades and setting aside the rest to buy the dips. Eight years ago, I did the opposite, and those lessons were costly. I hope you don’t make the same mistakes. BTC will experience corrections as part of healthier rallies, and you can’t afford to be wiped out during these moves.
Altcoins will see even larger pullbacks, which I consider “free money.” Just keep a USDT reserve, take profits from your scalps, and reinvest in your swing trades.
Hold your spot positions! Remember, there are always liquidation engines targeting over-leveraged traders. Your goal should be to secure profits while staying spot long on BTC and holding mid-term positions.
If this post helps you in, anyway, give it a retweet or like 👍.
#WIF🔥🔥 is up 17% since yesterday's post, and it's just getting started for another 100% rally. In this market, waiting for the perfect dips may not be realistic. If you're swing trading, hold onto your positions for gains of 100%- 300%. A 20% to 30% move for scalpers is solid, don't overlook it. Always ensure your stop losses are in place, no matter what, and take advantage of dips to add more to your position
Manta is trading at a long-term resistance of $0.72, and I’m anticipating a breakout. While there’s a slim chance of a retest around $0.60 in the coming days, once we see a confirmed breakout and a successful retest, the potential upside could take us to $4.
Regardless of who wins, #Bitcoin will likely reach a new ATH by the end of 2024. Altcoins will likely follow later. IMHO, alts are already heavily discounted. Even if BTC dominance rises and alts take another dip, it’s wiser to DCA into the weaker ones instead of selling near their high-timeframe lows.
Think twice before hitting that sell button. The next 6-8 months could be legendary. It won’t be easy, but the rewards will be worth it.
#BITCOIN UPDATE:-
BTC looks solid for now. There’s still a possibility for BTC to hit the 60K level if Kamala wins; it’s not certain, but it’s a topic circulating in the crypto space. This could act as a short-term downside catalyst, with bulls likely stepping in quickly, leaving a long wick below the resistance turned support.
A retest is underway on the daily, weekly, and monthly charts! I’m anticipating BTC to reach between 82K and 95K by the end of the year.