lesson for today when you see the market moving your first question should be what is moving and move with it.leave the understanding why for latter$BTC
Hey Traders! 👋 We’re closing out 2024, and BTC is serving up something spicy on the charts. It looks like a potential setup for a sweet short trade—an opportunity to end the year strong or kick off the next one with momentum! 🚀📉💰 This is a classic bearish reversal pattern signaling a potential trend change from bullish to bearish. Here’s the breakdown:
1. **Left Shoulder**: The price spikes up, hits resistance, and pulls back to form a low (a "valley"). This movement sets the stage for the pattern. 2. **Head**: The price surges again, this time much higher than the left shoulder, but pulls back once more, typically to a similar support level as the first valley. 3. **Right Shoulder**: The price attempts one more rally but only reaches a lower high (below the "head"), showing fading bullish momentum. It then declines back toward support. 4. **Neckline**: This is the support level where the price repeatedly bounces before a breakdown. In this case, it’s the support zone at $93k–$92k.
**Pattern Confirmation ✅** If the price breaks below and retests the neckline, it signals sellers are overpowering buyers. Once this happens, the stage is set for a potential downward move.
**Potential Outcomes 📉📈**:
1. **Bearish Breakdown (Most Likely)**: - After the neckline breaks, the price often drops by the same height as the "head-to-neckline" distance. - On this chart, that implies a potential drop to the $86,000-$85,000 support zone—our target from earlier analysis.
2. **Fake-Out (Less Likely)**: 🤔 - Occasionally, the price dips below the neckline briefly but then recovers, trapping sellers who panic-sold. - If this happens, the price could rebound to $99,320 or higher.
If you need any more assistance or have other questions, feel free to ask! 🌟📊
Bitcoin - More blood will follow (Do not buy now, buy here!) $BTC
$ETH
Bitcoin is completely manipulated by the banks and huge institutions. They sent Bitcoin down just to make your Christmas and New Year celebrations bad. But luckily I warned you about this crash a few days ago, just before it happened in my previous analysis, when almost everyone was drunk with strong greed. Bitcoin crashed by 15% so far; altcoins are down by 30% to 70%.
The last days were very profitable, but let's focus on the future, because that's the most important. Bitcoin bounced a bit from 92k to 99k, giving players hope that the bottom is in. But do not be fooled, this looks like a corrective move for multiple reasons.
The first reason is that the crash was extremely fast and strong, pretty much no one expected such a drop in the short term. My Elliott Wave analysis suggests that this is a strong impulse wave 12345 and therefore the start of a larger corrective structure ABC. We have finished wave A, now we are in wave B, and we can expect wave C to finish at around 85k! You want to take a Fibonacci extension, as you can see on my chart.
I strongly recommend waiting for 85k because we have an unfilled FVGAP on the daily chart, and this needs to be tested. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss. I share my trades privately. Thank you, and I wish you successful trades!
here are the yellow boxes to avoid ,but also remember they are the gold you are looking for. Always look out for consolations because the provide both a trap and opportunity
When you look at the market, it might seem chaotic and difficult to understand, but let me simplify it for you.
Market Movements: The market only moves in three ways:
1. Uptrend (Going Up): - Characteristics: The market is moving upwards, making higher highs and higher lows.
- **Strategy**: This is generally a good time to consider buying, as the overall market sentiment is bullish.
2. **Downtrend (Going Down)**: - **Characteristics**: The market is moving downwards, making lower highs and lower lows.
- **Strategy**: This is generally a good time to consider selling, as the overall market sentiment is bearish.
3. Consolidation (Sideways Movement)
- Characteristics: The market is moving sideways within a range, without significant upward or downward movement. This is where the price gets stuck in a tight range, often represented by yellow highlighted areas on the chart.
- Strategy Avoid entering the market during consolidation. The market is indecisive, and it is unclear whether it will break out upwards or downwards. Entering during this time can be risky.
The image clearly shows these consolidation zones marked with yellow lines. These are the areas where the market is not moving significantly and should be considered red flags. Any time the market is not making clear moves (either up or down), it's best to stay out and wait for a clear trend to emerge.
By understanding these three market movements, you can make more informed trading decisions and avoid potential pitfalls. Stay patient and wait for the right opportunities to present themselves.
Keep learning and practicing these concepts daily, and you'll gain a clearer understanding of market dynamics.
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**Follow me for more insights and daily trading lessons!** 🚀📊
When you look at the market, it might seem chaotic and difficult to understand, but let me simplify it for you.
Market Movements: The market only moves in three ways:
1. Uptrend (Going Up): - Characteristics: The market is moving upwards, making higher highs and higher lows.
- **Strategy**: This is generally a good time to consider buying, as the overall market sentiment is bullish.
2. **Downtrend (Going Down)**: - **Characteristics**: The market is moving downwards, making lower highs and lower lows.
- **Strategy**: This is generally a good time to consider selling, as the overall market sentiment is bearish.
3. Consolidation (Sideways Movement)
- Characteristics: The market is moving sideways within a range, without significant upward or downward movement. This is where the price gets stuck in a tight range, often represented by yellow highlighted areas on the chart.
- Strategy Avoid entering the market during consolidation. The market is indecisive, and it is unclear whether it will break out upwards or downwards. Entering during this time can be risky.
The image clearly shows these consolidation zones marked with yellow lines. These are the areas where the market is not moving significantly and should be considered red flags. Any time the market is not making clear moves (either up or down), it's best to stay out and wait for a clear trend to emerge.
By understanding these three market movements, you can make more informed trading decisions and avoid potential pitfalls. Stay patient and wait for the right opportunities to present themselves.
Keep learning and practicing these concepts daily, and you'll gain a clearer understanding of market dynamics.
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**Follow me for more insights and daily trading lessons!** 🚀📊
The tools I use just triggered a clear **pump and dump signal** on **USDT.D**. This isn’t random — it’s a **serious warning**. When **USDT.D spikes**, it means traders are rushing into stablecoins, and that signals Bitcoin is about to fall hard — and altcoins are going down with it. My **Plotter tool** confirms this, and **dark pools are manipulating** the market right now.
What’s Likely to Happen:
We’ll probably see a **sharp spike in price** — that’s the **pump** — which might fool people into thinking the market is about to take off. But don’t trust it. This is a **trap**. Right after that spike, a **huge dump** is coming, and anyone who jumps in too soon could get wiped out.
The chart also highlights **smart money contractions** (the squares). These are zones where the price is likely to collapse due to institutional positioning. On top of that, I’ve got a **trend channel** mapped out, and I’ll be evaluating just **how deep this crash might go**. Why This Matters:**
This kind of signal usually means **dark pools and whales** are at work. They push prices up to lure retail traders in, then they dump their positions, crashing the market and leaving the smaller traders with losses.
What You Should Do:
1. Stay cautious— don’t fall for the spike. 2. Wait for the dump to play out before thinking about investing. 3. Stay calm and don’t panic-sell if things go south.
Bottom Line:
The warning is clear — this pump isn’t real. It’s a setup, and a massive dump is on the way. The signal is showing up on the 1-week timeframe, so this is going to be big.
Dark pools and whales are plotting against retail traders. The evidence is right there in the contractions and trend channels.
The key takeaway: • Don’t be fooled by the duration of the pump. • The dump is inevitable, and when it comes, it will be sudden. • Stay cautious, stay alert, and don’t get complacent just because the pump seems to last. guys remember this..