🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨
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Will we see another dip for $BTC ? Or will we continue up from here? Find out in this post.
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In this post, I'll compare #SPX & #BTC to see if the bottom is in.
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Let's start with SPX (1st & 2nd photo):

The stock market and BTC are highly co-related and since we had a major correction in the stock market yesterday, we saw this dip for bitcoin.

But on the bright side, SPX right now is holding the 20 weekly EMA (1st chart) and whenever we tap the 20 EMA, we shoot up with great strength when we're in an uptrend (2nd chart).

SPX broke out of the previous ATH and shot up to 1.272 fib, then came down to the 20 EMA and held it as support. After that, we shot up to the 1.414 fib level and now came back to the 20 EMA for support. And we'll soon start our journey towards the 1.618 & 1.786 fib levels, which will be the Cycle top for SPX and BTC will also print a cycle top along with it before a prolonged bear market starts for crypto.
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Bitcoin update:

1D: As I said early, we had a double top forming on the bitcoin daily time frame, and after a perfect retest of the neckline, we reached the technical target of the double top. Even going beyond the target since we lost the 0.5 fib level.

Now we're holding the 0.386 fib level pretty well, if this support is lost, then the next target is the 0.236 fib level, which I'd say is very unlikely but is in the charts if we lose support.

4H: In the 4H time frame, we've been creating a bullish divergence since July 30th, which is a very good thing to see before trend reversal. Right now, I'm waiting to see what happens. If we go near the 4H 20 EMA, if we get rejected, the 0.236 fib level may happen. If we break above it, then the trend has flipped, and we'll very likely pump up.
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Thanks for reading; stay safe.🤝🏻
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PS: If you like my posts, and found this post informative, feel free to leave a tip by clicking the yellow tipping button below. I'll be grateful.❤️

#btc70k #ETF

🚨🚨 #Bitcoin Update, MUST READ!! 🚨🚨
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Is the bottom in for $BTC ? Are we ready to pump? Find out in this post.
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In this post, I'll explain what we can expect for #BTC going forward.
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Let's start with the previous trade setup:

As I said in the quoted post, wait for the confirmation to see if the 68.4k support holds; it didn't hold. We literally fell right through it.

I hope no one entered this trade since there was no confirmation, and this was invalidated eventually.
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Current situation update:

On the daily time frame, BTC came down to the green zone, which also aligns with the 0.618 fib level, and we saw a bounce off of this level again, just like before.

Keep in mind that this is also a double-top neckline; if we dump from here, the technical target is around 60k. But one thing that's good here is that the oscillator has finally been reset completely and is ready for a pump with full force.

The August prediction of 82k BTC still stands; going forward, let's see what happens.
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On the 4 hourly, BTC got rejected by the 20 EMA and dumped into the green zone. This happened mainly because of the FOMC data yesterday. The market was waiting for a rate cut, but since it remained the same, we saw this sell-off. This is just a short-term dump, which we'll recover from very soon.

On the bright side, we have a bullish divergence, which is confirmed at the support level, and we can expect a bounce back soon. Going forward, I'd like to see BTC break out of the 20 EMA both on the daily and 4H. This is what I'm looking forward to right now.
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Thanks for reading, stay safe.🤝🏻
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PS: If you like my posts, and found this post informative, feel free to leave a tip by clicking the yellow tipping button below. I'll be grateful.❤️

#btc70k #Binance #ETF

#Bitcoin Update! MUST READ.
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Is #BTC about to print a $10,000 candle? Find out in this post.
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In this post, I'll explain what we can expect from bitcoin in the next 4-7 days.
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Following up from my previous post, I can say the likelihood of this pump being an ABC correction has been invalidated. We also broke out of the MA resistance on the oscillator, which is a very good sign.
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Going forward, $BTC on the daily is ready to continue upwards, and right now we're at a key resistance zone. When we break out of this zone, we'll be at a technical target of a minimum of $71,792 bitcoin. (1st chart)

On the other hand, if we fail to break out of this resistance level and start to roll down, we have confirmed the double top pattern, and once we lose the neckline at $65k, the technical target of this dump will be approximately $62k.

Let's just hope that BTC manages to flip it's resistance into support. With the Trump speech imminent, we may see a huge green candle going forward, thus flipping the resistance. Let's see what happens.
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Let's talk about the 4H (2nd chart):

The divergence I was talking about is still valid, and the possibility of us dumping here is high. The best case scenario will be to go down, retest the 0.5 fib level as support while the oscillator resets, and then shoot back up.

I'd also like to mention that when the daily is bullish, the 4H oscillator stays on top for a very long time before becoming neutral.

With the Trump speech imminent, I think we'll likely see the oscillator stay on top for a very long time before rolling down. But just in case, be careful.
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Thanks for reading, Stay safe.🤝🏻
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AD: If you're interested in learning technical analysis like I do, comment "Teach Me" also mentioned your email ID for me to reach you, and I'll personally reach out to guide you on your journey with my exclusive one-on-one coaching sessions.

#ETF #btc70k #BTC☀

Major #Bitcoin Update!🤑
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Are we going to continue dumping? Find out in this post.
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In this post, I'll update on the possible reversal or dump targets. And we will also update on the Wyckoff re-accumulation pattern.
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Let's start with the daily (1st chart):

As I said in the quoted post below, $BTC went down and tapped the 0.618 fib and then shot back up, creating a bullish hammer candle on the daily time frame. The retest of the 20 EMA along with the 0.618 fib level is done.

One concerning thing I'm seeing here is that this pattern looks like an ABC correction pattern. If #BTC is in an ABC pattern here, then we'll break the yellow support zone and go lower, possibly to the 0.5 or 0.382 fib levels, before seeing a reversal.

In order to invalidate this, break the previous high of $68,486 and make a higher high. While doing so, we also want to see a breakout in the oscillator. Right now, we're on our way to face the moving average in it as resistance. Getting a rejection there will indicate a further downside possibility, and the ABC pattern is likely in play.
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Now let's move to the 4H (2nd chart):

On the 4H, I found a hidden bearish divergence, which indicates that the bulls are losing momentum and the bears will likely take over soon. In order to invalidate this, the same thing needs to be done: break the previous high.

If I see a rejection off of the 20 EMA near the 0.386 fib level and we never manage to break out of the 0.236 fib level, there'll be a good short opportunity. Right now, I'm waiting for the confirmation to enter this short and will update my clients if I get the confirmation.

The technical target down, if we lose the yellow zone on the 4H, is the 1.272 & 1.618 fib levels. You can see the price on the chart.
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Wyckoff Re-Accumulation Pattern Update (3rd & 4th charts):

The pattern is in the 3rd chart and in the 4th chart, I have drawn the pattern for you guys to see. And so far, it's following the pattern exactly. If you want a detailed explanation, read the detailed one on my feed
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Thanks for reading, stay safe.🤝

#btc70k #Binance

🚨 URGENT! MUST READ.🚨
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🚨#Solana is about to DUMP.🚨
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In this post, I'll talk about what the likely bottom is $SOL and what the correct situation is.
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Let's look into the daily first (1st chart):

Just like $BTC , we had a bearish divergence on the daily for #SOL as well, and right now it is playing out, and just like bitcoin, my technical target for this correct is the 20 EMA, which also almost aligns with the 0.681 fib level.

Ever since the recovery rally, we have never seen a retest of the 20 EMA and a retest of the EMA is inevitable, nothing goes up forever and needs to cool down. Think of this retest as a refueling to pump back up.
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Now let's talk about a trade setup (2nd chart):

After losing the 1 fib level ($169.7), we tapped the 1.272 fib level sitting at $165.74. We're now back to the green support zone to retest this as resistance.

Right now, SOL is re-testing the 0.786 fib level, the 4H 20 EMA, and the green support zone as resistance. Which, if not flipped into support, indicates that we'll likely continue to dump.
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So the trade setup is:

When you see a clear rejection off of this level and get the confirmation, enter the trade, DO NOT enter the trade if these levels are flipped into support.

The stop loss will be $174.93 and the take profit levels are:

TP1: $165.94, TP2: $163.91, & TP3: $161.03

As the TP hits, keep trailing your stop loss, and when TP3 hits, you can get out or leave 20% of the trade running as a moon back until it hits your stop loss.

Do not enter the trade if you don't know what you're doing. Instead, you can comment "Teach me" down below if you're willing to learn. I'll reach out to you and let you know a way to contact me, make sure to come back and check my reply.
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If there's a major correction for SOL, we may tap the 2.272 fib level sitting at $151.9

I'm personally not expecting such a correction going below 1.618 fib level & the daily 20 EMA, but just in case, be careful guys.
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Thanks for reading, take care.🤝🏻

#BinanceTurns7 #BNB

🚨 URGENT! MUST READ.🚨
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🚨Will #Bitcoin continue to DUMP?🚨
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In this post, I'll share where can we expect a reversal and what are the levels right now.
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Before I start, I want to start by saying "Told you so", Read the quoted post below, and in this post here, you'll see people commenting awful things. Now that what I said happened and the technical target of the trade met, I feel pity for them. Don't call people names when you don't know basic TA.
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Let's start with the trade update:

I had given a Technical target of $63,876 in this post here, and we reached $63,802 (1st chart) so the target has been met. I have personally closed 80% of my trade here and will keep the remaining 20% with my SL at TP 2, $64,935

If the SL hits, then I'm out. I hope you guys made some good profits with this trade.
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When can we expect a recovery?

Right now, the daily oscillator has been reset, and we can very well see a recovery from here. The target of this correction has always been the 20 EMA for me, which has been tapped perfectly (2nd chart).

But on the other hand, #BTC still have a little bit of room left to go down on the oscillator, and we haven't actually seen a retest of the golden pocket, so going forward, we may see a dip to the 0.5 fib level sitting at $62,233 before continuing upwards.

If you were looking to get back into the market, this is a great time to DCA
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A few days ago, I posted a $BTC cheat sheet for you guys to follow, read here. And we have been following that very well. We're in the test phase (3rd chart) right now, and once it's done, we'll continue upwards, as you can see on my cheat sheet.
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Thanks for reading, stay safe

#btc70k

🚨 URGENT! MUST READ.🚨
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🚨#Bitcoin is about to DUMP.🚨
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In this post, I will cover the technical targets of the upcoming correction and what we can expect moving forward.
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Before we begin, I urge you to read my quoted post, as the information there remains relevant.
Now look at the comment section to see how people are calling me names. I also made a post earlier warning you guys about the incoming dump, but I got name called there as well.
Read Here.

Moving forward, I hope my accurate calls will be met with respect rather than dismissiveness.
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Let's start with the daily chart:

Refer to the first attached chart. The bearish divergence I identified in previous posts is materializing, bringing us to the first level of support, the green zone, which aligns with the 0.786 Fibonacci level.

If #BTC consolidates here and the oscillator moves toward neutral territory, I will update you.
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Currently, the oscillator is in the overbought territory and moving towards neutral. We are holding at this support level, and if it holds, we may continue upward.

However, it appears likely we will see the anticipated retest of the 20 EMA, which aligns with the yellow support zone and the 0.618 Fib level. Several indicators suggest a retest of the yellow zone is imminent.
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Trade setup:

On the 4-hour timeframe (2nd chart), I have a trade setup. The stop loss is set at $67,713, and the take profit levels are $65,882, $64,935, and $63,876.

Do not risk more than 2% of your portfolio on this trade. Enter only if we get a rejection off the 20 EMA and the green zone on the retest. If you are unsure about managing your risk, it is best not to enter.

The 4-hour chart is in the oversold territory, and we may see a relief rally before a potential dump. Monitor the chart closely and enter only if the mentioned conditions are met. If $BTC holds support here, a pump is possible.
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Thank you for reading, and stay safe. 🤝

#btc70k

🚨 URGENT! MUST READ.🚨
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🚨#Bitcoin is about to DUMP.🚨
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Here's why a "sell the news" event might occur for Bitcoin and an update on the weekly status:
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Daily Time Frame:

Since the pump on July 12th, we've entered overbought territory on the oscillator (on July 16th) and are developing a bearish divergence, indicating a potential correction as bulls lose momentum.
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Now refer to the first chart attached:

In this chart, I have drawn 2 paths showing what I expect $BTC to do in the coming days.

Yellow path: It shows that we have started the correction and we're going down to retest the 0.618 fib level, which also aligns with the 20 EMA on the daily. Before ultimately reaching somewhere between 1.618 and 2 fib levels, which will be very close to 80k, I'm personally betting on the fact that we'll reach 82k by August. Let's see what happens.

Personally, I'd like to see the yellow path play out because it gives #BTC to cool down for a bit.

Red Path: It shows that BTC continues to pump in anticipation of the upcoming Bitcoin conference, where Trump will give a speech. And as we come closer to the event, the hype dies down and we see a normal market correction to the current level, and i believe by that time the 20 EMA will also be very close to that level, thus completing the long-awaited retest.

Now let's talk about the weekly timeframe:

As you can see, bitcoin gave a weekly close above a major level of resistance, which is very bullish. The weekly oscillator is in neutral territory, showing that it still has the strength to continue with the pump, which gives me hope that we still have enough power left on the weekly to reach the 80s.

But one thing we have to be careful about is that the last time we reached this area on the oscillator, we got rejected on the pink MA in it. Right now we're at the same place, and I'd personally like to see bitcoin break this resistance ASAP.
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All in all, bitcoin is bullish, and we're in an uptrend, no more 48k here. Looking forward to a new ATH very soon.
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Thanks for reading. Stay safe.🤝🏻

#crypto