Here’s what i am anticipating from $BTC a new All time high 😱 Currently $BTC is creating a falling wedge once it breaks this we will see a massive SURGE in it’s price !! I am Bullish on $BTC for macro range. Before using this setup as a trade DYOR as this is not a financial advice it’s my take on the current price action of BTC !! #BTC☀ #NewATH #btcupdates2024
Here’s what i am anticipating from $BTC a new All time high 😱 Currently $BTC is creating a falling wedge once it breaks this we will see a massive SURGE in it’s price !! I am Bullish on $BTC for macro range. Before using this setup as a trade DYOR as this is not a financial advice it’s my take on the current price action of BTC !! #BTC☀ #NewATH #btcupdates2024
Congratulations to all of you who had read my previous post in which i told all of you that $BTC & $ETH will take a serious hit ! What you are seeing right now is what i was talking about in my post about #PowellAtJacksonHole !
A reversal is not expected in the initial 10 days of September so have some patience and keep funds for DCA as $BTC might drop below 52k level. So for longterm i am bullish but get ready as you will see a price action which you have not seen before quick ups & down just to get you liquidated.
Don’t be worried if you are not aware of this. I will be explaining this trending hashtag to you guys in this post !
What is JacksonHole ?
The Jackson Hole conference is like a big meeting where really smart people who help make decisions about money and the economy get together. They talk about how to make sure everyone has enough money, how to keep prices fair, and how to make sure people have jobs. It's held in a beautiful place called Jackson Hole, which is surrounded by mountains. Imagine it like a big clubhouse meeting where they try to figure out how to make things better for everyone!
What are the aftermaths of this conference on stocks&crypto markets and when does this take place annually?
The Jackson Hole conference usually takes place in late August every year. As for its impact, the conference is closely watched by investors because important economic policies or insights are often discussed there. The speeches and discussions can influence the stock markets and cryptocurrencies depending on what's said. If new policies or insights signal changes in interest rates or economic strategies, markets can react positively or negatively. For example, if there's news that suggests the economy will grow, stock and crypto prices might go up. But if there are concerns about economic challenges, prices might go down. It's like when a big news story happens, and it makes prices go up and down based on how people feel about the news!
Congratulations 🥳 now you are fully aware of what is #PowellAtJacksonHole all about 👍🏽
If you want an insight about what’s going to happen this year after this conference is over keep reading this post.
$BTC will drop $ETH will take a hit (A really bad one) and once this happens bull run begins. So don’t be a target of FOMO patience is the key to success. September might not be good for us (Traders) all the best for upcoming price actions.
Fasten your seatbelts as the upcoming drop will be a significant one and most of you will take exit from market !!
Now the question which must be arising in your minds must be “WHY” ?
Iran might attack Israel within the next 24-72 hours !! But this is not it…
Russia might use big guns which is currently not being used against Ukraine, As we have seen recently Ukraine has captured Kursk region and wants western countries to support it’s offensive and for this we might witness a big explosion within Ukraine !!
Now lets come back to the point $BTC will retest 45-47k level which is bad in short term but don’t forget to accumulate #AiNarratives during this dump as this is the last one ☝️!!
BREAKING: Reportedly 1.1 Trillion was wiped out of US stock market today it is being reported by multiple sources (Watchers guru being one of the main in this list).
Remember this basic rule if the stock market isn’t performing well crypto market will feel some effects of it. This news is one of the main reasons why the market went down. #BTC☀ almost touched 64 thousand level today. $ETH is wandering around 3350-3300 which is not bad. Why did it not followed $BTC step as always? Because we saw spot ETF of #etherreum surpassing $1billion for the 2nd day in a row.
INSIDE NOTE: My dear Trader fellows don’t forget this date: 07-27-24 as exactly after 2 days we will be seeing Mr Donald trump speaking about $BTC so a pump is guaranteed as we all know #TrumpCryptoSupport & #TrumpInPump
BREAKING !! SEC has officially approved spot $ETH ETF. Trading to start tomorrow #ETH_ETFs_Trading_Today A good news for everyone who’s involved in this space ❤️
#ETHETFsApproved and it will be live tomorrow. I have talked to some of my friends and they are anticipating that $ETH will take a massive dip as soon as the trading begins as that’s what happened with BTC. But my take is different institutional buyers have already purchased $ETH at a very discounted price (recent dip) so they don’t want to hinder the progress of $ETH !! There’s only one way from here and it’s up ⬆️ small pullbacks are a normal thing so don’t get worried. Plus ALTS season is just around the corner as we will see a massive drop in BTC dominance which means capital will be injected in TOTAL3 which is a good sign for Alts rally. #EthereumETFApprovalExpectations
WANT TO KNOW WHY WE SAW SUCH SHARP DIP&RECOVERY ON 15 mins TIME FRAME ?
Here’s my take on this sudden change:
As soon as the official announcement came out that Biden is no longer running for the election and uncertainty was spread among the market, As no name was announced who will replace him as the presidential candidate. Odds of trump getting re elected as #POTUS took a hit which isn’t a good sign for crypto specially as he supports this market unlike Biden Administration. But as soon as Kamala’s name came out the uncertainty died as she’s no match for #trump and his odds rose back quickly, imo it exceeded there previous odds. Market pumped as we all know #TrumpInPump 🇺🇸
$ETH etf is set to be launched on Tuesday expect some big movements on ETH and those projects which are based on ETH BLOCKCHAIN.. overall the sentiment is bullish we can see a big leap from alts and $BTC as well ! This reaction from market was due from some time but finally it’s happening. Remember the road for this bull run is not smooth there are a-lot of bumps. PATIENCE is the key for survival and greed will be the deciding factor for everyone. #ETH_ETF_Approval_23July