A relaxed weekend surfing BTC while enjoying a cup of coffee waiting for the super wave next week. - During the week with waves, I will try to find more opportunities for everyone to earn. - A community exchanging knowledge for free, Tle: @thewolf082023
- BTC is currently trading around 98k. The price of BTC has been continuously rising for the past 2 weeks, and the market sentiment is extremely enthusiastic. Everyone is shouting uptrend. Altcoin Ss. - However, as I observe, it is currently a good time to take profit and hold USD, or you might wait for BTC to have a fake breakout past ATH (around 100-103k in the next 2 days.) - Below, it seems that everyone also sees the price of BTC continuously increasing but the volume is decreasing, this is a price increase that is not sustainable, so in my opinion, everyone should take some profits and wait for a correction to the 78-80 range before re-entering.
$BTC #btc END OF THE YEAR 31/12: NOT THE BOTTOM YET. - As I have stated since the beginning of the month, the market has not reached 7 yet, so it will take a long time to rise (specifically 78-80). - Here I see that in the coming days there will be a spike to 86-88k and then pull back to close candles in the range of 92-94. So during this time, you can consider a long position (from 87k to 92k). However, since there are profits, it is advisable to take profits because the trend from today to the beginning of next month is still DOWN.
- Those who listened to me have currently escaped the 4-50% adjustment phase from the peak, and we are not at the bottom yet, so do not rush to enter positions; an additional adjustment of 2-30% can completely occur with the BTC.D chart, okay everyone.
BTC UPDATE 12/28 to 1/10: 2 MAJOR ADJUSTMENTS, BOTTOMS OUT AND BOUNCES BACK
- Recently, I've been busy supporting everyone in the group, so I haven't had much time to post for your reference. Today, I want to share a bit about my personal perspective.
- Currently, BTC is stabilizing around the price of 94,500 after a drop from the 99,500 range. As per my view from the beginning of the month, there is a high likelihood that in the last 3 days of the year, BTC will experience a sell-off touching the 86-88k range. After that, it will bounce back to the 92-94k range. It may close the year around this area depending on the level of FOMO.
- Everyone should refrain from trying to catch the bottom at the 86-88k range, as the next month's candle can easily have a wick down to 77,544. I will wait until the beginning of next month when BTC reaches this area to accumulate for the super cycle uptrend in Q1.
- Currently, there is strong compression, so altcoins are not significantly affected, but in the next two phases when BTC adjusts, DOM will increase strongly. It is best for everyone not to LONG at this time to minimize impact.
- Today I'm too lazy to write long, so I'll summarize for everyone the upcoming view. This period will hover around the level of 97-99k, and then in the next 1-2 days, there will be another adjustment to the area of 85-87k. This period is only for SW decrease, so everyone should not Long and refrain from accumulating altcoins at this time.
- Anyone who wants to nitpick should review from 11/30 until now how much profit I and everyone in the group have made and how many times the account has multiplied.
- After a 2-day adjustment period, BTC is currently at a price of 97,593 after hitting the support zone (95,500 in the previous post on 18/12). As I mentioned, this support zone is very strong for BTC to break through once, so in my opinion, at this level, the price will linger around 94,000 - 95,000 and there will be a bounce back before the next adjustment phase in the coming days. BTC is expected to recover around 102,027-103,571.
- As BTC.D is still adjusting, it is very likely that Altcoin will benefit from a 10-15% growth after a series of bloody days. Before continuing to enter the market's adjustment cycle.$BTC
- Today I was lucky to catch a scalp order right at the bottom, congratulations to everyone who made a profit tonight.
- After a price correction of 5000 this morning from 108000 to 103000, BTC is currently experiencing a slight rebound and is fluctuating around the 105500 area.
- Overall, this downtrend has not yet confirmed that BTC is entering a corrective wave; the price is still being supported by a short-term upward trendline. However, on the D1 timeframe, BTC is currently forming a clear bearish candle pattern (waiting for BTC to close the daily candle below 105000).
- Yesterday, I wrote an article about the next peaks of BTC, noting that the 106-108 range has significant selling pressure. In my opinion, BTCâs current wave will not be able to break through the resistance level at this time, as new capital inflow is almost non-existent, with most coming from altcoins switching over.
- The next expected price range in the coming days is for BTC to adjust to the 95,500 price level.
- Currently, after 10 consecutive days of decline, some altcoins have recorded a drop of over 50% and still show no signs of stopping. It is expected that Altcoins will continue to decline an additional 20-40% from today, December 10. Therefore, everyone should consider holding coins at this moment. I will notify the group when itâs time to buy so that everyone can enter the market. $BTC #BTCâ $XRP
BTC ANALYSIS 17/12: WHERE WILL BTC'S NEW PEAK BE. - Currently, BTC is still in an upward price channel (I updated on 8/12), and the current price is rising strongly, causing everyone to question how high BTC's new peak will be and when it will decrease.
- Below, I have used two tools: Fibo and Pivots, and the price range that BTC needs to surpass is 106,136 - 108,500 (this could be the peak before a correction in the next 1-2 days), with the next levels being 120,000 and 135,000.
- However, looking at the overall picture on the D1 timeframe, there are clear signs of a bearish divergence; the continuous price increase of BTC in recent days is mostly due to FOMO. My advice is not to open any BTC positions at this time.
- The current cash flow is pouring into BTC, causing a series of Altcoins to be affected, most of which are stagnant or slightly declining. Altcoin is heading toward the darkest days of buying Altcoin SS. If anyone wants to accumulate, now is not the right time; wait for the market to have a correction towards the 78,000 - 83,000 range.
"The Manufacturing PMI (Purchasing Managers' Index) measures the level of activity of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction."
After two consecutive corrective phases, BTC could not break the lower edge of the uptrend channel, creating H4 candles with wicks above the 95600 area.
The resistance here is enough to make BTC bounce back up, with the next price target being 103-105000, and then it may return to the 9500 area to continue breaking downwards; I am waiting for a daily candle to close below 91000 to accurately determine the next long-term downtrend cycle.
Altcoins are not looking as good; currently, prices have mostly dropped 20% and haven't rebounded strongly like BTC. This could be the last chance to escape before BTC returns to another corrective wave.
In this wave, MM may push low-cap coins or fantokens to pull liquidity, creating a false effect of an uptrend. Note the coin code Portal.
Thewolf2023
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Bearish
BTC ANALYSIS 9/12: WAITING FOR NEWS ...
- Looking at the H4 frame, BTC is currently forming a quite strong bullish channel as shown in the image below, the current price is expected to move within the red area I drew. The two price levels to pay attention to are 105000 and 96500.
- In my opinion, BTC will sweep up to the upper edge before returning to test the lower side and trying to break resistance. I am waiting for a sufficiently negative news to hope that BTC will close the daily candle below 91000 to officially break the upper trendline.
- I still firmly believe that the current trend will move towards a correction to the 80000 area as I predicted on 30/6.
- Overall, according to the chart, BTC still looks good, however, for altcoins, it is not as favorable. I have warned you to exit before BTC reaches ATH at 104000, in my view, looking at the BTC.D and Total 3 charts, currently only BTC is running, while the main trend for altcoins is mainly down, and if they increase, it will only be a few more %.
- Therefore, I do not encourage everyone to enter positions at this time, it is currently too risky; it is better to miss the opportunity than to lose money.
- What coin are you interested in waiting to catch the bottom?
- Yesterday, I called a light position in the group and managed to catch a small spike in BTC for a 3k gain, thank you everyone for trusting the call.
- After BTC created a spike at 93800, it closed the candle at 96317, where this is a very strong support zone I have identified from the previous post; anyone who doesn't understand can refer back to December 9. However, after the spike, the candle showed quite weak momentum. I expect BTC to hover around this area and then have a short-term bounce up to the range of 102000-104000 (the upper edge of the bullish frame). It is not advisable to enter any positions without a reversal signal yet, as there is a high possibility that in a bad scenario BTC will break through that resistance.
- After missing the first opportunity to exit on December 2 (most adjusted by 25-40%), this is the second opportunity, which I believe is the last chance. Because after returning to the reaction zone, BTC will officially enter a downtrend (expected to adjust until around the lunar New Year).
- Looking at the H4 frame, BTC is currently forming a quite strong bullish channel as shown in the image below, the current price is expected to move within the red area I drew. The two price levels to pay attention to are 105000 and 96500.
- In my opinion, BTC will sweep up to the upper edge before returning to test the lower side and trying to break resistance. I am waiting for a sufficiently negative news to hope that BTC will close the daily candle below 91000 to officially break the upper trendline.
- I still firmly believe that the current trend will move towards a correction to the 80000 area as I predicted on 30/6.
- Overall, according to the chart, BTC still looks good, however, for altcoins, it is not as favorable. I have warned you to exit before BTC reaches ATH at 104000, in my view, looking at the BTC.D and Total 3 charts, currently only BTC is running, while the main trend for altcoins is mainly down, and if they increase, it will only be a few more %.
- Therefore, I do not encourage everyone to enter positions at this time, it is currently too risky; it is better to miss the opportunity than to lose money.
- What coin are you interested in waiting to catch the bottom?
You guys often tease me saying that I came here to practice being a kols, to lure chickens and all. I would like to tell you guys, you guys are right, but I came here mainly to exchange and learn from each other. The main thing is that I still have my own community, guys, don't be so harsh with me. I have been active in this BTC market for several years, guys :)))
- Continuing from this morning's article (Phần 1), I will analyze more clearly why I believe in the upcoming market trend, no longer based on speculation to avoid being criticized :)))
- BTC.D (BTC Dominance is the percentage market capitalization of Bitcoin (BTC) compared to the total cryptocurrency market capitalization): After 17 days of continuous decline, it is now approaching a strong support zone as shown in the image below. If BTC.D touches this support zone and bounces back, the market's capital will shift from Altcoin back to BTC. It is most noticeable for newcomers that when BTC rises, altcoins do not grow much, but if BTC declines, altcoins tend to dump. hehe.
Secondly, looking at Total 3, Total 2: Currently hitting a previous resistance area, if it can break through, then no further discussion, but if it cannot break through, the market will likely remain in the red for a while. Additionally, the altcoin index also indicates that the market is extremely FOMO right now, and everyone should trade cautiously at this moment. The question is whether it is a good time to buy? In my opinion, no, it is better to miss an opportunity than to lose money :))), anyone who is thirsty can jump in, but everyone has their own perspective.
Why is the assertion of DECREASE while we only see LONG positions?
- If the price decreases, there must be an increase; if it increases, there must be a decrease. That's the rule. The important thing is whether everyone dares to stand in front of the train and catch the knife or not.
- If you win, you are called a trader; if you lose, you are called a gambler.
- Here, I take positions based on technical analysis; it can be right or wrong, but I ensure that the win rate is always much higher. What you need to do is follow your stop loss, take profit, manage your capital, and manage your emotions. As for how to take positions, I will handle that. I say this so that whoever believes can follow; if you don't believe, you can ignore it. Is the market not tiring enough that you still look for others to argue with?
- I donât get anything from you all, so if I like it, I wonât call anymore, donât sit there and curse me. Back to the title, this (below the image) is one of the positions I am currently shorting. I donât care how much money you all have to all-in at once; I divide my capital into multiple DCA rounds and many positions, catching the waves, I only catch them once.
As for the way to profit, I both surf and throw out dogs; does that make you uncomfortable, you guys? :)) These past few days, I see I have shared profits, so you have reduced the mockery, which is quite boring. So, if anyone has any questions, just message me. Up here, I only talk nonsense; if you want to take any positions, come into my Telegram to get free signals; if you are frustrated, message me, Iâll share my Bybit account to show you how Iâm doing. :))) #BTCâ #lpt
VIEW BTC 8/12: BTC WEEKLY FORECAST Hidden support at the price range of 97320
- First, congratulations to everyone who managed to take the trade I provided yesterday; the current price is fluctuating, so you can either take profits or set a positive stop-loss and hold for take profit. Hereâs the link to the article, don't make me repeat myself:)) KĂO BTC 7/12 (thereâs a call on the trade, guidance on taking profits).
- Today is Sunday, so BTC doesnât have much volatility. On the H4 timeframe, BTC is currently making lower highs, and it seems like after a period of stagnation, BTC is preparing for its end; it is expected that next week BTC will start to enter a corrective trend.
There are 3 key levels we need to pay attention to: one is the hidden support at 97320; if the H4 BTC candle is red, with a long body and short wick closing below 97320, the price will drop back below the range of 89-90. Similarly, the next solid support area is 78-82 (fibo 0.618, donât make me guess). Whether it goes down further or not will only be known when the price moves.
Currently, the prices of altcoin/BTC pairs are gradually decreasing; itâs best to wait or take short-term long/short trades for profit, donât be greedy for long waves.
You guys messaged t.le asking if I still hold the view that BTC will go to 78-82? How long will it take to go down,.. honestly I don't know either.
Everything is based on technical analysis, and how it runs is a mystery that no one can know for sure 100%. Cryptocurrency in general, BTC in particular, is influenced by many economic and political factors,... so you can't just look at indicators to guess 100% correctly.
I only have more experience in this market than you, but for the past few years, I've completely forgotten how to deposit money into the app.
See, what's important here is not who is right or wrong, but who can actually withdraw money to their account. I say this and Iâm sure many people feel uncomfortable :))). In the past, when I played, I won a lot, very quickly xxx my account. But when I summed it all up, not a single penny had come back to my account.
Control your capital, control your greed, know when to enter and when to just watch. When the market is euphoric, thatâs when youâre most likely to lose everything.
I use FOMO for the market psychology right now, everyone is really optimistic. You guys are all in regardless and hope to x5, x10 the current price. :)))
Newcomers go into Meme hoping to reduce a few zeros to xxx their accounts, those who know a little go all in following Kols.... But the most basic thing is that you donât even know what the current market cap is. This leads to buying coins for 2-3 years and the account still doesnât increase at all, and even suffering losses that haven't returned to shore.
Pumping and dumping, watching nervously, TRUE, but charts donât just follow a straight line, do they? Nothing can keep increasing forever, holding USDT means no fear of missing opportunities.
I meant to write more but I ran out of characters.