BTC pump or dump next? Let’s check together here.

Hello to my friends again. Since many of my friends are asking for my update, so I get myself some free time and do a quick analysis here. So let’s go to the chart quick.

As we can see, MACD is creating a bullish sign in Daily chart. This is obviously getting more and more players think 49000 is the dip and they are rushing in to the market. But in the same time, you can see that EMA is successfully cross and it’s in death cross. So you might think, WTH is BTC doing now? What am I suppose to do?

From my POV, BTC is now trading at the range in my yellow box. Which is 57000-61000. BTC will either go bullish if stand above 61000 or go bearish if close below 57000. In this case, what we can do is just trade within this range and get yourself in a secure range until it break out successfully.

Here’s my very own ideal chart, BTC will break out 61000 and reach around 62-63K, or maybe even higher around 65K. This will get everyone on the bullish train. Then give them a very hard dump back below 45K. Why I said so? Because we have to understand the rules, BTC is giving hope for those who get hurt when dump to 49K. People will think BTC reach the dip and start getting back on the bullish train when BTC back above 61K. In that time, the whales will once again comes in and dump hard.

We have to understand the rules. Whales will never give players any chances to share their wealth. They will always try to squeeze out all your money by giving you hopes and some bright of sun. Don’t be fool again.

I hope you enjoy my analysis and always DYOR. If you feel my post is helping, please like, share and subscribes. Once again, thanks for your support and your patience of waiting. All the best in 2024. Peace and love ❤️