#Bitcoin - What's Next? #BTC The big Sunday report, all you need to know: 🚩 TA/LCA/Psychological Breakdown: In March, everyone expected things would keep going up once we hit the 70k region. I urgently made a post announcing the start of a massive sideways movement, and you can still see it today. So far, it's been 191 days of sideways movement inside the box I outlined back in March, and things still seem move in this game of ping pong. When we reach 68k and above, people go insane and turn f
Yesterday's PA was crazy. This is why I don't trust these kinds of pumps. They are mainly driven by perps and spoofing, with the intention of trapping people near resistance levels.
BTC has retraced most of the dump, but alts look weak after yesterday's P&D. It's a sign of preliminary supply. In my opinion, this could be the beginning of the final leg down (shakeout), with BTC potentially reaching $48k-50k and ETH $1.8k-2k. If the thesis is right, altcoins could dump between 25%-50% over the next few days, that's why I have a hedge position open.
Once again, don't panic if this happens. Just be ready for that scenario.
Maybe sooner or later some people understand why there is no day trading. Day trading is scam and only noobs try it and leave it after some time if their IQ allows. The real money is in cherry picking the timing and entry, the golden entries sometimes occur every few days, weeks and the super golden entries once a year.
$UNI is currently an answer to many problems! #UNI
$UNI is a solid project which is still trading at the dip👀
Structure is pretty textbook here📝
Downtrend - Accumulation - Re-Accumulation
We perfectly held above the both key zones in a bear market and formed a bigger accumulation of 980 Days between the ones and another key zone at 23.60% Fib Levels confluence🧐
$TAO #TAO $TAO is obviously dominating the AI mindshare but what’s interesting here is $DEAI taking the second spot 👀
$DEAI ($38M Market cap ) is currently at 7% of all crypto AI mindshare, behind $TAO but well ahead of $FET $GRT & $RNDR which are already multi-billion dollar projects .
Ethereum has been ranging between $2,000 and $2,800 for two months. It appears to be an accumulation range. However, as mentioned in recent days, it is likely that we will see one final shakeout before an expansion, to $1,800-2,000 (the spring phase of the accumulation schematic).
If that potential shakeout occurs, altcoins should dump 20-40%. A ''capitulation candle'' similar to the Covid crash. Don't get scared if that happens. It would probably be one of the best buying opportunities in months.
#Bitcoin - What’s Next? The big Sunday Report, all you need to know:
🚩TA/LCA/Psychological Breakdown: This week, for the first time since Bitcoin's ATH, it successfully printed a new higher high by pumping higher than past the previous high of $65k. This breaks the widely-discussed theory of higher highs and lower lows, which many bearish analysts were using as evidence that Bitcoin would continue in a downward trend. Indeed, their own theory has gave them a slap right in their face, hopefully
It's more of bullish signs as we entered into Uptober🐃
1️⃣ Local Structure switched to higher lows + higher highs 2️⃣ We broke and fixed above the strong support confluence of EMA 200 + EMA 100 + EMA 50 + 60k Key Level
Most likely scenario is consolidation between $60k & $65k level before we break out of the Bullish Flag🚀
Fakeout below $60k is more than possible though, so be careful!
BTC above 65k people are absolutely bullish and fear and greed index skyrockets toward greed region.
BTC below 62k and people are absolutely scared and fear and greed index goes straight to fear region
This usually happens in Accumulation and distribution phase. The only question you need to ask? Who is the one that is in distribution and who is the one accumulating. Watching whales activity and BlackRock ETF inflows + Retail and small BTC holder activity and you have a clear answer.
The accumulation is on big players hands while selling is on small players hands. Now ask the next question. What market maker sentiment is currently in the market, are they creating a bullish or bearish sentiment? The answer is clear again. Now it’s up to you to decide following the smart money or the retail decisions.
The altcoins index (OTHERS) never gave the second and main bullish confirmation. Instead, it was strongly rejected from the resistance zone (dark zone), showing weakness. From here, we could see a last drop to the blue ''buy zone''.
No need to worry if this happens. In fact, it could present a great buying opportunity. We have to adapt to what the market gives us.
ETF flow *Top Bitcoin ETFs net inflow today: FBTC 123.6M, IBIT 106.8M, GBTC 25.25M, HODL 10.76M, EZBC 5.72M, BTCO 2.54M *US BTC ETFs see 19M outflows, Bitwise leading with 9.67M. *ETH ETFs net inflow today: ETHA 10.99M, QETH 4.15M, ETH 2.2M, ETHV 1.9M. *US ETH ETFs see 10.28M outflows, all from Grayscale Ethereum Trust.
News: *We’ve officially entered "Uptober," a historically bullish month for Bitcoin. In 8 of the last 9 Octobers, BTC has seen an average gain of 22.9%. A simila
People need to relax and not to panic every time as we move in the same pattern since March. This is a bullish accumulation phase and MM try to benefit from any FUD to put some sell pressure into the market to make you more fearful. Everything close to the bottom of the box is accumulation and add more region.