$ENA didn't act as expected, with $BTC pump and most coins reacting accordingly i expected $ENA to have a little pump since it was closest to reaching the next level,
Both Bitcoin and US Dollar Index were on it side it's surprising how ENA didnt meet expectations
not even a little push or a single active candlestick when it had the best chance to rise to 1.15, ended up losing the mid support of 1.065 and losing volume (descending)
it's currently on correction on support level 1.03 but we don't know if it would be enough or it would have to dip further for deeper support although the current correction should be enough with Bitcoin consolidating,
As it stands, $BTC is currently trading three channels lower than its previous ATH of $73.5k on March 12th. Interestingly, $125k currently aligns with the exact channel Bitcoin was in 10 months ago, before making a major correction to the first channel of 56k which currently aligns with $80k, placing $103k at the midpoint.
- From here, two scenarios could unfold:
• Uptrend: Confirmed by a breakout above $102k by January 12th, coupled with a high-volume candlestick and new Fibonacci levels.
• Downtrend: A failure to break resistance signals further correction.
Key levels include $92k, which has been acting as major support, and $100k as a critical resistance point.
As of January 2025, the cryptocurrency market is exhibiting bullish behavior, with several major cryptocurrencies experiencing notable gains.
This upward trend is largely attributed to recent developments, including the approval of Bitcoin exchange-traded funds (ETFs) by U.S. regulators and a supportive stance from the incoming U.S. administration. President-elect Donald Trump has expressed intentions to establish the U.S. as "the crypto capital of the planet," signaling a favorable regulatory environment for digital assets.
These factors have contributed to increased institutional investment and optimism in the crypto market, suggesting a continuation of the bullish trend in the near future.
It's also crucial to remain cautious considering the monthly candlestick closing with an evening star candlestick, which is historically a bearish indicator for Bitcoin. However, with Donald Trump's promises and Elon Musk's ambitions in the mix, the possibilities remain wide open.
This is not financial advice—just a predictive analysis.
as $BTC loses position and proving to be a fakeout, its losing volume and support
it still has a chance to consiledate above 62k, if that doesn't happen, a further drop is expected
according to Ichimoku Cloud a correction to 60k is expected on 1h-4h Frame, while on Day frame it might drop further to 56k, either for a double bottom reversal or the downtrend continues to its target of 52k
while according to the bearish wedge (supposing it was a false breakout), correction should be around 59k before retest
the market seems bearish today, $BTC on selling and high selling on most indicators
im surprised there wasnt a big jump on BTC with Dollar Index dropping for a correction, which indicates either a rebound for Dollar Index is expected, or the prices are being manipulated
i think its gonna be volatile this week in such critical point, it had broken back into the falling wedge earlier and currently on the way for the second attempt of breaking out of it after going for a deep correction, a reversal uptrend is ongoing
do not trust the market especially now that we're within a bearish wedge, what are the chances of breaking out? only works if Dollar Index crushes
besides i still believe the downtrend never stopped, have we reached back any of the previous prices? as long as we're still getting lower highs and lower lows its still on
with daily candle closing within the descending triangle we're probably back into it
$BTC is still on downtrend, Dollar Index isn't stopping, it is going up and as long as the uptrend isnt broken, then BTC is dropping to 56-60k its imminent
they didn't stop the downtrend , they just slowed it down benefiting from small coins, as long as btc doesn't crush fake pumps wouldn't be suspicious, its just crushing slowly instead of a free fall
Fake Pumps are meant to not be caught and spotted before they're over pumped, so your entries would be high anyway, these people are the best at what they do no matter how good you think you are they do it best, in 1 C wave of Elliot waves or even 2 they know how to boost your greed and your FOMO (Fear of missing out) you'll be dragged down eventually
even if BTC dominance falls, BTC falling and Dollar Index boost would push every alcoin down too before they breakout, it's all locked for downtrend atm, more lower highs and lower lows
if you wanna risk it and you trust the current bulls im not changing your decisions, stop it with the ridiculous comments I've been getting them since i first mentioned it on Thursday while Bitcoin was still breaking out it was an obvious fakeout and i posted the same exact scenario that's ongoing atm, i said Dollar Index was gonna break back into the falling wedge and go for a second attempt of breaking out of it and if that happens crypto was gonna drop anyway with high resistance and sell-off would start,
im not posting for debating im just trying to help out whenever i can and i could always use a second opinion but if its based on analysis or proof, i wont allow any misleading
even if you staking it do not trust the market, benefit from the manipulation but don't get caught in it
follow Dollar Index, use Elliot waves with rising obviously manipulated coins, watch out for wave 5 do not get caught in it
use Whale Alert Indicator on Tradingview, it works on both 1h and 4h timeframe, track whale moves and predict them be safe
i warned you about the drop earlier before weekend with Dollar Index Recovering, you can see it in my previous posts (scenario in yellow arrow)
the market is currently in a bearish wedge which indicates a further drop unless it breaks out in the next wave,
Dollar Index back to work tomorrow and a big jump is expected although some are predicting its crushing (i hope it does)
either the market is trying to recover after the grand sell-off, or benefiting before a crush
so far $BTC is proving to be within the downtrend and that the breakout was a false breakout
52k may be inevitable, personally i don't find 60k as a good entry while the average price is 35-40k, it aint attractive price to investors, 56k might be but we'll see if it gets here
Crypto has gained a little momentum with Dollar Index dipping for correction, $BTC showing an attempt for a breakout, let's see what happens when it hits 62.8k resistance line, either downtrend is broken or its just another fakeout (false pump)
scenario is still the same either Dollar Index crushes or $BTC does
keep an eye on the chart, White Lines are the critical points of support and resistance
Crypt0nite
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Either Dollar Index crushes, or crypto does
thats what i said earlier this weekend, now that Dxy is back online it seems to be on track
with a correction so deep, i cant tell how far this could go might even breakout this time if it gets to the top of the wedge
$BTC seems to be still bluffing, although it might have a chance if Dollar Index breaksdown, which i doubt since its done well on Ichimoku Cloud (the green dot indicates a breakout, orange indicates a breakdown)
hold until Dollar Index hits the bottom of the wedge, keep an eye on it
$BTC is still on downtrend, Dollar Index isn't stopping, it is going up and as long as the uptrend isnt broken, then BTC is dropping to 56-60k its imminent
they didn't stop the downtrend , they just slowed it down benefiting from small coins, as long as btc doesn't crush fake pumps wouldn't be suspicious, its just crushing slowly instead of a free fall
Fake Pumps are meant to not be caught and spotted before they're over pumped, so your entries would be high anyway, these people are the best at what they do no matter how good you think you are they do it best, in 1 C wave of Elliot waves or even 2 they know how to boost your greed and your FOMO (Fear of missing out) you'll be dragged down eventually
even if BTC dominance falls, BTC falling and Dollar Index boost would push every alcoin down too before they breakout, it's all locked for downtrend atm, more lower highs and lower lows
if you wanna risk it and you trust the current bulls im not changing your decisions, stop it with the ridiculous comments I've been getting them since i first mentioned it on Thursday while Bitcoin was still breaking out it was an obvious fakeout and i posted the same exact scenario that's ongoing atm, i said Dollar Index was gonna break back into the falling wedge and go for a second attempt of breaking out of it and if that happens crypto was gonna drop anyway with high resistance and sell-off would start,
im not posting for debating im just trying to help out whenever i can and i could always use a second opinion but if its based on analysis or proof, i wont allow any misleading
even if you staking it do not trust the market, benefit from the manipulation but don't get caught in it
follow Dollar Index, use Elliot waves with rising obviously manipulated coins, watch out for wave 5 do not get caught in it
use Whale Alert Indicator on Tradingview, it works on both 1h and 4h timeframe, track whale moves and predict them be safe
seems like the expected scenario i talked about on weekend is ongoing
Dollar index broke back into the Bullish Wedge, if it keeps pushing up to the top of the wedge and try to breakout of it Bitcoin is definitely crushing back to 56k for a retest
as far as Dollar Index goes, $BTC faces higher resistance and more selling pressure ( USDT gains price while crypto drops)
$BTC is currently dropping to 63k support for retest, if its losses support then crypto is in trouble
nothing is for sure with whales manipulation but im just analysing the data
here's an explanation of what whales like Mr.100 and Grayscale have been doing to the market
they're not stacking coins, they're profitting in a drained market, hitting stop losses and liquidating shorts before the final dip (no wonder the bears pushed back on 56.5k)
might somehow with a bigger pump reach 67k but no way it goes further
to rise, fall is needed
$BTC bull run cant start without a deep correction. big whales and sharks know that the current market price is overpriced, not all investors are as active as Grayscale or Mr.100
most would just want to invest (stack) coins, only happens if they buy at an average price, 40k-50k
accumulation haven't even started, this's just big guys profitting along the way of a crash (bulls trap) instead of a freefall
and then profitting by buying the dip, the downtrend is still on it never stopped, this breakout is manipulated (fakeout)
longs are next,
a final correction is inevitable we just dont know how far it could go but 56k is inevitable probably 52k too
Ichimoku Cloud proves a breakdown was expected on 56.6k when it was pushed back by profit whales, breaking 56k support for retest was necessary, it would've proven BTC lost support 56k and 52k could be the next stop
couple days ago Solana based coins were targetted by whales, Meme coins were sold-off later
since yesterday its been Ethereum based Sol and ENA too
i bet the sell-off is ongoing
check my previous posts of Manipulated coins
watch out for Dollar Index it's on the way to breaking back in the Bullish Wedge
Last selling candlestick was confirmed to be whale selling (profitting over and over by keeping the market up while selling in smaller portions)
its confirmed on Whale Alert Indicator
they're all over every rising coin, theyre spotted even on BNB although last Dollar Index candlestick was high selling, market was supposed to have a big jump
i bet this's the last Bulls trap before the crash
now or later, a crash is inevitable before the real bull run starts
if you're suspicious about the trend my analysis is for you, if you believe in it then just ignore me im not here to change your perspective nor your decisions, its your money and your risk
thats what i said earlier this weekend, now that Dxy is back online it seems to be on track
with a correction so deep, i cant tell how far this could go might even breakout this time if it gets to the top of the wedge
$BTC seems to be still bluffing, although it might have a chance if Dollar Index breaksdown, which i doubt since its done well on Ichimoku Cloud (the green dot indicates a breakout, orange indicates a breakdown)
hold until Dollar Index hits the bottom of the wedge, keep an eye on it
Whale activity in April vs Whale activity this weekend
this isnt a market, just a big guy feeding on traders and small investors while the market is dead
$BTC seems promising atm after breaking support 64k and most people talking about longs already, but i still believe it's a fakeout.
volume is dead, suspicious patterns, and 0 accumulation
i cant tell how far this game gets but as soon as this or these whales give up on getting higher profit they're gonna sell it all, 56k in one 4h candlestick they only bought for 59k afterall, 64k aint bad for a profit
Unless Dollar index crushes tomorrow, Crypto crushing down is inevitable