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#ChristmasMarketAnalysis
🌐#$BTC Update: Wave-X Ends, Bull Market Begins!
🔍 Key Highlights:
Wave-X Completed: The velocity and size of Bitcoin's recent rally confirm Wave-X is over.
1-2 Year Bull Market: A powerful bull market has begun, expected to approach $150,000 or more.
✨Wave-B Formation:
➡️Currently unfolding, possibly as an expanding triangle.
➡️Anticipated to conclude in the next few weeks.
Next Move: Following Wave-B's completion, a large upside move is expected into new all-time highs.
✨Monthly Chart Target: Bitcoin likely to surpass $150,000 later this year, with potential for even higher levels.
💡 What to Watch For:
➡️Wave-B’s design and its conclusion.
➡️Momentum in price action signaling the next explosive move.
💸 The Bitcoin Bull Run is here! Stay prepared and seize the opportunity!
🌐#$BTC Update: Wave-X Ends, Bull Market Begins!
🔍 Key Highlights:
Wave-X Completed: The velocity and size of Bitcoin's recent rally confirm Wave-X is over.
1-2 Year Bull Market: A powerful bull market has begun, expected to approach $150,000 or more.
✨Wave-B Formation:
➡️Currently unfolding, possibly as an expanding triangle.
➡️Anticipated to conclude in the next few weeks.
Next Move: Following Wave-B's completion, a large upside move is expected into new all-time highs.
✨Monthly Chart Target: Bitcoin likely to surpass $150,000 later this year, with potential for even higher levels.
💡 What to Watch For:
➡️Wave-B’s design and its conclusion.
➡️Momentum in price action signaling the next explosive move.
💸 The Bitcoin Bull Run is here! Stay prepared and seize the opportunity!
#$BTC
• Range of 93k-91k currently provides strong support for Bitcoin, with the price rebounding each time it reaches this level.
• Repeated tests of this support zone may weaken it; however, as long as it holds, we anticipate a price increase to the 101k-104k range and beyond.
• If this support level fail, #$BTC could decline to the 86k-85k range.
• Range of 93k-91k currently provides strong support for Bitcoin, with the price rebounding each time it reaches this level.
• Repeated tests of this support zone may weaken it; however, as long as it holds, we anticipate a price increase to the 101k-104k range and beyond.
• If this support level fail, #$BTC could decline to the 86k-85k range.
Times like these are why a lot of people praise the spot & "chill" mentality/approach.
#$BTC is still having a good Q4 so far and is simply giving back some of its post election gains.
Obviously, a lot of alts have done worse, but some have done better. It's why I also prefer to have my base portfolio consist of mostly #$BTC & #$ETH and have alts on the side.
If you've been trading this on leverage its likely you've taken a larger hit. If you're emotional about the loss, this is not the time to revenge trade it back. That's where a lot of people go bust during these corrections.
Generally you want to let the market calm down and form some kind of consolidation or range after which you can re-assess.
There will be plenty of opportunities out there, no need to make it all at this very moment.
#$BTC is still having a good Q4 so far and is simply giving back some of its post election gains.
Obviously, a lot of alts have done worse, but some have done better. It's why I also prefer to have my base portfolio consist of mostly #$BTC & #$ETH and have alts on the side.
If you've been trading this on leverage its likely you've taken a larger hit. If you're emotional about the loss, this is not the time to revenge trade it back. That's where a lot of people go bust during these corrections.
Generally you want to let the market calm down and form some kind of consolidation or range after which you can re-assess.
There will be plenty of opportunities out there, no need to make it all at this very moment.
#$BTC next major level Of Support at 88.5k
If that looses, then we can experience heavy bleeding 🩸 across the board
If that looses, then we can experience heavy bleeding 🩸 across the board
✅ Today,#BTC fell below $96,000, building on Wednesday's market-wide selloff spurred by Federal Reserve Chairman disappointing investors with his comments on expectations for U.S. interest rate cuts next year 🇺🇸
Daily Digest:
🔸 Fake Satoshi Craig Wright was given a one-year suspended sentence for contempt of court 👮
🔸 Investors filed a lawsuit against several entities involved in the launch of the Hawk Tuah memecoin
🔸 10% of #ETH validators are signaling support for raising the gas limit which could result in up to 33% reduction in transaction fees 🪙
🔸 Mo Shaikh, co-founder of Aptos Labs, announced that he's stepping down as CEO
🔸 Senator Lummis says Bitcoin “will continue to grow, where the US Dollar will continue to decline in value"
🔸 Hut 8, one of North America’s largest Bitcoin miners, has announced a $100 million purchase of Bitcoin
🔹 Prices:
🥇 #BTC - $97,193 (↓3.2%)
✨ #ETH - $3,411 (↓6.1%)
🧪 S&P 500 - 5,867 (↓0.09%)
🕗 DXY - 108.48 (↑0.07%)
🌉 Gold - 2,597 (↑0.11%)
Daily Digest:
🔸 Fake Satoshi Craig Wright was given a one-year suspended sentence for contempt of court 👮
🔸 Investors filed a lawsuit against several entities involved in the launch of the Hawk Tuah memecoin
🔸 10% of #ETH validators are signaling support for raising the gas limit which could result in up to 33% reduction in transaction fees 🪙
🔸 Mo Shaikh, co-founder of Aptos Labs, announced that he's stepping down as CEO
🔸 Senator Lummis says Bitcoin “will continue to grow, where the US Dollar will continue to decline in value"
🔸 Hut 8, one of North America’s largest Bitcoin miners, has announced a $100 million purchase of Bitcoin
🔹 Prices:
🥇 #BTC - $97,193 (↓3.2%)
✨ #ETH - $3,411 (↓6.1%)
🧪 S&P 500 - 5,867 (↓0.09%)
🕗 DXY - 108.48 (↑0.07%)
🌉 Gold - 2,597 (↑0.11%)
#BTC
• Unfortunately #BTC has broken through the resistance zone of 57.7-58.3% and appears to be strengthening for upward movement.
• As previously mentioned, alts would likely be negatively impacted following this breakout, and that is now unfortunately the case.
• Should this momentum persist, we may see #BTC reach the 60.8-61.8% zone, potentially leading to further challenges for alts.
Incase of changes in situation we will try to keep updating accordingly !!!
• Unfortunately #BTC has broken through the resistance zone of 57.7-58.3% and appears to be strengthening for upward movement.
• As previously mentioned, alts would likely be negatively impacted following this breakout, and that is now unfortunately the case.
• Should this momentum persist, we may see #BTC reach the 60.8-61.8% zone, potentially leading to further challenges for alts.
Incase of changes in situation we will try to keep updating accordingly !!!