$BTC Analysis 11/19/2024

#BTC, really fantastic... see that even though yesterday showed some weakness, the green band on the chart still acted perfectly as support and we now jumped towards $95K.

As I mentioned yesterday and expected, the bears' control didn't take long at all lol and the BULLS quickly pushed the prices up, making a new ATH at $93,750.

The large SELL positions that were at $93K were quickly removed before being activated, which made it easier for the price to break through that region quickly, and avoided a large liquidation of the SHORTs.

Here we are in a price discovery, so there is not much we can do to know where the price will stop, we will only know when it does. However, we are already seeing a really strong movement from sellers going up to $100K, of course we still have good SELL orders at $95K, but if the price closes today above $93K, it will no longer make sense for the big BEARS to defend $95K, and we should have a continuation even higher.

There are 35 minutes left until the close of this current 4h candle, the next candle is crucial here, if we don't have a quick cancellation, then it is likely that what I have been saying since last week will happen (we will reach $95K this week).

I would like to see some lateralization above this $93K, for the #altcoin to follow this movement. BTC dominance is again hindering altcoins here, however, notice that BITCOIN rose above the previous ATH and dominance did not do the same, that is good!

Don't try to stop a train with your hands, if you are not going to buy... then do nothing!

I am VERY BULLISH ON ALTCOINS, and you will soon understand why...

* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.