🅱️ Bitcoin Headed To $100,000!!! FOMO! Warning! Must Read!
There is no need to panic, cancel any trades nor act fast; there is always time... Did we miss the bullish wave?
It is true that Bitcoin is now showing multiple very strong bullish signals and this is no cause for alarm; Bitcoin being bullish is always good for us and the Cryptocurrency market as a whole. We love Bitcoin/Crypto!
First, the chart:
➖ Bitcoin closed weekly full green and back above EMA10. This means that the bulls are in full control when it comes to the short-term potential. Where the action is headed next.
➖ Next, Bitcoin is trading above $60,000 which is ultra-bullish and this after months of a strong distribution/consolidation phase...
What will happen next?
What happens now?
👉 Yes Bitcoin is bullish and set to move to $100,000 and much, much higher in the long-term but, regardless of the short-term noise, we will see a crash in the coming days.
Bitcoin is likely to produce a lower high, not move higher and retrace to hit new lows before the major bullish wave. This fact doesn't change even though, Bitcoin is bullish!
Thanks a lot for your continued support.
Namaste.
It is true that Bitcoin is now showing multiple very strong bullish signals and this is no cause for alarm; Bitcoin being bullish is always good for us and the Cryptocurrency market as a whole. We love Bitcoin/Crypto!
First, the chart:
➖ Bitcoin closed weekly full green and back above EMA10. This means that the bulls are in full control when it comes to the short-term potential. Where the action is headed next.
➖ Next, Bitcoin is trading above $60,000 which is ultra-bullish and this after months of a strong distribution/consolidation phase...
What will happen next?
What happens now?
👉 Yes Bitcoin is bullish and set to move to $100,000 and much, much higher in the long-term but, regardless of the short-term noise, we will see a crash in the coming days.
Bitcoin is likely to produce a lower high, not move higher and retrace to hit new lows before the major bullish wave. This fact doesn't change even though, Bitcoin is bullish!
Thanks a lot for your continued support.
Namaste.
Comment:
A friendly piece of advice based on more than 10 years of trading experience...
Hello dear Cryptocurrency lover, I am back sharing some of my experience with you today. I am hoping that you find this information useful for your learning journey.
Problems arise due to the expectations we hold.
Say what you will, but if you are buying/holding Cryptocurrencies, Bitcoin, you are likely doing so with the expectation of making money (speculation).
Having the wrong expectations can wreak havoc to your mental and financial well-being if things do not develop according to what we predict. So the first thing we do is to remove all expectations.
Say you are buying an Altcoin trading pair with the goal of earning 150% from a bullish move; an up-move.
You decide to buy this pair now and sure enough, the market starts to grow.
Say the market grows for 1 week, 2 weeks straight up... It tends to fluctuate as seen on the chart but for the sake of simplicity let's say the market moves up 80% and then stops.
The market can grow 2-3 weeks straight for a total of 100% and then reverse fully.
While the initial move went up, it did not reach our 150% target so we end up holding and the ensuing correction can lead to a flash crash and then a waiting of four months before prices move back up to the initial entry level.
One can buy and see 20% up, 30% up fast and then things start to reverse... What was once an easy and fast win, can turn into a long-term hold or into a loss because we can have a 50% target but the market only grew by 40%... Let's clarify this example now using Bitcoin.
Imagine you buy Bitcoin at $65,000 with a LONG bias.
Say Bitcoin grows and hits $73,000; are you going to sell?
Say Bitcoin grows even higher and hits $84,000, 20% higher compared $70,000; are you going to sell?
Because Bitcoin can go up 20% but then reverse and move to $60,000.
Now, $60,000 is below the $65,000 entry level in this example; what would you do now? Hold or take the loss?
What if Bitcoin moves then to $50,000?
Remember, it did move up to $80,000, $90,000, etc. in this example before moving lower, but we didn't sell in expectations of higher prices!
What if $50,000 breaks as support and Bitcoin moves to $40K? Sell now or hold?
Will Bitcoin move from $40,000 to $100,000?
Or will Bitcoin move from $40,000 to $20,000?
It is impossible to know.
This is what we know with 100% certainty!
You were not around in early 2023.
Where were you in early 2023 when Bitcoin was trading below $20,000?
Why not buy at this amazing price when the chart was ultra-bullish?
You see, Bitcoin and the Cryptocurrency market never moves straight up!
Do this, go open the chart as BTCUSDT.
Choose the weekly timeframe and look at January 2018. What do you see?
After a massive period of growth, we get a massive period of prices moving down.
Don't believe?
Let's try again.
Look at November 2021? What do you see?
After a very strong period of growth, we get a massive correction lasting years not month.
Look now at early 2024!
Bitcoin grew from November 2022 through March 2024.
After massive growth a very strong correction tends to follow.
Did you ever saw a bullish article on television, the news, the media; telling you to buy Bitcoin at $16K?
Have you ever seen a news article telling you to sell Bitcoin in 2021 when it was at the top at 69K? No!
All these articles tend to reflect what is happening in the moment and what is happening in the moment is already priced in, the market is looking for the next move when most people become active.
The reason why the majority is always wrong is because they only hear about these things such as Bitcoin, this market, after it is already high up.
The best time to buy is when prices are down, not at the top.
Say you are a long-term holder and you want to buy Bitcoin for the long-term, so you don't care; Still, it is better to buy at $40,000, $30,000 or $25,000 rather than buying at $60,000 or $70,000... Makes sense?
How far up can it go?
Do this exercise... Visualize Bitcoin going up, up, up... How far up can it go?
$150,000? $200,000? $400,000?
Will you sell?
If yes, when and by how much?
Would you sell everything or just a portion?
Do you see how complex it is?
It becomes extremely easy when you buy at the bottom and sell as prices increase.
Patience is key!
Thanks a lot for your continued support.
Note: Just wait, the market is not going anywhere... I sold everything long ago.
We will see in 2-3 weeks time if the bottom of the correction is already in or if we will get a new market bottom low... I am betting on a new low, what about you?
Share your thoughts in the comments section below.
Namaste.
Hello dear Cryptocurrency lover, I am back sharing some of my experience with you today. I am hoping that you find this information useful for your learning journey.
Problems arise due to the expectations we hold.
Say what you will, but if you are buying/holding Cryptocurrencies, Bitcoin, you are likely doing so with the expectation of making money (speculation).
Having the wrong expectations can wreak havoc to your mental and financial well-being if things do not develop according to what we predict. So the first thing we do is to remove all expectations.
Say you are buying an Altcoin trading pair with the goal of earning 150% from a bullish move; an up-move.
You decide to buy this pair now and sure enough, the market starts to grow.
Say the market grows for 1 week, 2 weeks straight up... It tends to fluctuate as seen on the chart but for the sake of simplicity let's say the market moves up 80% and then stops.
The market can grow 2-3 weeks straight for a total of 100% and then reverse fully.
While the initial move went up, it did not reach our 150% target so we end up holding and the ensuing correction can lead to a flash crash and then a waiting of four months before prices move back up to the initial entry level.
One can buy and see 20% up, 30% up fast and then things start to reverse... What was once an easy and fast win, can turn into a long-term hold or into a loss because we can have a 50% target but the market only grew by 40%... Let's clarify this example now using Bitcoin.
Imagine you buy Bitcoin at $65,000 with a LONG bias.
Say Bitcoin grows and hits $73,000; are you going to sell?
Say Bitcoin grows even higher and hits $84,000, 20% higher compared $70,000; are you going to sell?
Because Bitcoin can go up 20% but then reverse and move to $60,000.
Now, $60,000 is below the $65,000 entry level in this example; what would you do now? Hold or take the loss?
What if Bitcoin moves then to $50,000?
Remember, it did move up to $80,000, $90,000, etc. in this example before moving lower, but we didn't sell in expectations of higher prices!
What if $50,000 breaks as support and Bitcoin moves to $40K? Sell now or hold?
Will Bitcoin move from $40,000 to $100,000?
Or will Bitcoin move from $40,000 to $20,000?
It is impossible to know.
This is what we know with 100% certainty!
You were not around in early 2023.
Where were you in early 2023 when Bitcoin was trading below $20,000?
Why not buy at this amazing price when the chart was ultra-bullish?
You see, Bitcoin and the Cryptocurrency market never moves straight up!
Do this, go open the chart as BTCUSDT.
Choose the weekly timeframe and look at January 2018. What do you see?
After a massive period of growth, we get a massive period of prices moving down.
Don't believe?
Let's try again.
Look at November 2021? What do you see?
After a very strong period of growth, we get a massive correction lasting years not month.
Look now at early 2024!
Bitcoin grew from November 2022 through March 2024.
After massive growth a very strong correction tends to follow.
Did you ever saw a bullish article on television, the news, the media; telling you to buy Bitcoin at $16K?
Have you ever seen a news article telling you to sell Bitcoin in 2021 when it was at the top at 69K? No!
All these articles tend to reflect what is happening in the moment and what is happening in the moment is already priced in, the market is looking for the next move when most people become active.
The reason why the majority is always wrong is because they only hear about these things such as Bitcoin, this market, after it is already high up.
The best time to buy is when prices are down, not at the top.
Say you are a long-term holder and you want to buy Bitcoin for the long-term, so you don't care; Still, it is better to buy at $40,000, $30,000 or $25,000 rather than buying at $60,000 or $70,000... Makes sense?
How far up can it go?
Do this exercise... Visualize Bitcoin going up, up, up... How far up can it go?
$150,000? $200,000? $400,000?
Will you sell?
If yes, when and by how much?
Would you sell everything or just a portion?
Do you see how complex it is?
It becomes extremely easy when you buy at the bottom and sell as prices increase.
Patience is key!
Thanks a lot for your continued support.
Note: Just wait, the market is not going anywhere... I sold everything long ago.
We will see in 2-3 weeks time if the bottom of the correction is already in or if we will get a new market bottom low... I am betting on a new low, what about you?
Share your thoughts in the comments section below.
Namaste.
Comment:
The Ethereum condition right now is quite revealing. The analysis has been shared in a different trade idea. Bitcoin and Ethereum's situation is the same... Look at this:
This is Bitcoin on the daily timeframe; notice:
➖ TD Sequential perfect nine (bearish).
➖ Lower high still in place.
➖ Low volume on yesterday strong bullish move. Such a strong move, set to move higher, would produce an "above-average" trading volume day. Instead the daily volume is low.
Of course, things can change but so far the bearish potential remains intact.
It remains intact below 72/74K.
👉 We continue bearish an expecting the pre-2025 bull-market correction.
Patience is key.
Namaste.
This is Bitcoin on the daily timeframe; notice:
➖ TD Sequential perfect nine (bearish).
➖ Lower high still in place.
➖ Low volume on yesterday strong bullish move. Such a strong move, set to move higher, would produce an "above-average" trading volume day. Instead the daily volume is low.
Of course, things can change but so far the bearish potential remains intact.
It remains intact below 72/74K.
👉 We continue bearish an expecting the pre-2025 bull-market correction.
Patience is key.
Namaste.
Comment:
Being honest and straight forward, can you imagine the amount of pain that can be caused if this is it?
Here is the weekly timeframe:
What do I mean with "this is it?"
TradingView's Bitcoin index chart is the best because of the volume. It uses a combination of volume from multiple exchanges giving us a better picture as to what is really happening with the market action.
Is this it?
We've been tracking this amazing asset, Bitcoin, and we've been expecting a correction.
The peak/ATH remains at March 2024.
The longer it takes for prices to drop, the strongest the potential for the ensuing move.
👉 Since Bitcoin's bearish potential remains intact while Bitcoin has been above 60K for 3 months; the ensuing correction can turn into a crash rather a "normal correction."
Notice the wording on the latest Ethereum news release, it says, "People are buying the rumor..."
The rumor for the SPOT ETF... Reminds me of something, "Buy the rumor, sell the news!"
The current situation is interesting to say the least, for both bulls and bears.
The last two weekly session has no volume.
Both candles volume is very low.
We use volume to identify a move; real or fake?
By fake we mean a "short-squeeze." This means that prices are moving up as a whales-market move in order to liquidate leveraged traders. Once the SHORT traders liquidation is over and done, Bitcoin will resume with its move down and produce a new lower low.
A lower low compared to $56,500... 👉 Which means that Bitcoin will soon trade below 50K.
Remember, we have all the days left in May and also June for the main low to be in... It can be wild, don't get trapped in this mixed situation, read the previous updates and make sure to do your research, take your time to plan and study because the market is not going away.
Since Bitcoin is here to stay; Since we are buying and trading Bitcoin long-term; It is better to wait for the best prices before making any moves... When in doubt, sit it out.
You can thank me later...
Think about it, do you really belief it will move straight up?
If yes, what's the next final target?
Is it $76,000, $84,000, $90,000 or more?
If you say more and Bitcoin does move up and hits $100K, will you sell or hold?
That's my question for you... Try to answer in the comments below but also consider, what would you do if there is no new highs and Bitcoin crashes toward the low 20Ks?
These last questions are not a prediction; we prepare for all scenarios, bearish and bullish. So I am trying to share our experience with you... It is not just me, there are thousands and thousands of us that have been here for many years and want you to avoid the discomfort that we had to go through when we were in the same situation but years ago.
Anything can happen but the chart doesn't look great for LONG.
The chart looks good for selling, SHORT or HOLD.
I am waiting, literally... We will see based on the results.
The Altcoins will be mixed as they continue to be mixed now, just as predicted and it will get worse.
We will have pairs going up, others going down while others go sideways... This is good for trading not bad, because we know there are always opportunities for growth.
We are seeing some pairs 50% down, while others are 80% up.
We are seeing new highs being hit, as well as new market bottom lows.
👉 We buy the low ones and sell those high up.
Sounds good to me, how does that sound to you?
The universe will bless those that dedicate time and energy to learning, preparation and personal growth. This is the recipe needed for success in the 2025 Cryptocurrency bull-market but this bull-market that ends in 2025 will start in 2024.
Just one more final drop; After this drop several major shakeouts (be aware of 2-3 additional swings after the low is in), and after the shakeouts UP WE GO!
The most important of all the signals, details and action to consider is...
Love & support.
I'll give you the content and you send me love.
Namaste.
Here is the weekly timeframe:
What do I mean with "this is it?"
TradingView's Bitcoin index chart is the best because of the volume. It uses a combination of volume from multiple exchanges giving us a better picture as to what is really happening with the market action.
Is this it?
We've been tracking this amazing asset, Bitcoin, and we've been expecting a correction.
The peak/ATH remains at March 2024.
The longer it takes for prices to drop, the strongest the potential for the ensuing move.
👉 Since Bitcoin's bearish potential remains intact while Bitcoin has been above 60K for 3 months; the ensuing correction can turn into a crash rather a "normal correction."
Notice the wording on the latest Ethereum news release, it says, "People are buying the rumor..."
The rumor for the SPOT ETF... Reminds me of something, "Buy the rumor, sell the news!"
The current situation is interesting to say the least, for both bulls and bears.
The last two weekly session has no volume.
Both candles volume is very low.
We use volume to identify a move; real or fake?
By fake we mean a "short-squeeze." This means that prices are moving up as a whales-market move in order to liquidate leveraged traders. Once the SHORT traders liquidation is over and done, Bitcoin will resume with its move down and produce a new lower low.
A lower low compared to $56,500... 👉 Which means that Bitcoin will soon trade below 50K.
Remember, we have all the days left in May and also June for the main low to be in... It can be wild, don't get trapped in this mixed situation, read the previous updates and make sure to do your research, take your time to plan and study because the market is not going away.
Since Bitcoin is here to stay; Since we are buying and trading Bitcoin long-term; It is better to wait for the best prices before making any moves... When in doubt, sit it out.
You can thank me later...
Think about it, do you really belief it will move straight up?
If yes, what's the next final target?
Is it $76,000, $84,000, $90,000 or more?
If you say more and Bitcoin does move up and hits $100K, will you sell or hold?
That's my question for you... Try to answer in the comments below but also consider, what would you do if there is no new highs and Bitcoin crashes toward the low 20Ks?
These last questions are not a prediction; we prepare for all scenarios, bearish and bullish. So I am trying to share our experience with you... It is not just me, there are thousands and thousands of us that have been here for many years and want you to avoid the discomfort that we had to go through when we were in the same situation but years ago.
Anything can happen but the chart doesn't look great for LONG.
The chart looks good for selling, SHORT or HOLD.
I am waiting, literally... We will see based on the results.
The Altcoins will be mixed as they continue to be mixed now, just as predicted and it will get worse.
We will have pairs going up, others going down while others go sideways... This is good for trading not bad, because we know there are always opportunities for growth.
We are seeing some pairs 50% down, while others are 80% up.
We are seeing new highs being hit, as well as new market bottom lows.
👉 We buy the low ones and sell those high up.
Sounds good to me, how does that sound to you?
The universe will bless those that dedicate time and energy to learning, preparation and personal growth. This is the recipe needed for success in the 2025 Cryptocurrency bull-market but this bull-market that ends in 2025 will start in 2024.
Just one more final drop; After this drop several major shakeouts (be aware of 2-3 additional swings after the low is in), and after the shakeouts UP WE GO!
The most important of all the signals, details and action to consider is...
Love & support.
I'll give you the content and you send me love.
Namaste.
Comment:
🍀 TIMING
Once upon a time, many people started to doubt me ... and that's ok, because I've been victim of doubting myself.
Some of them decided that the best course of action was to ban me ... Nothing new, these things happen night and day.
As more and more people decide to follow, it surely inspires me ... Maybe support comes, maybe it doesn't; but we do not work expecting any specific result.
The market is big, the market is wild ... the more it grows, the more people learn to love and soon start to admire me ... that's ok, I love and admire hard work.
Manipulation? Pushing around?
I don't know ... I am always grateful for your amazing and continued support.
Now ... You are welcome to join, but not because it will produce change ... everyday is filled with growth.
Every single hit works as the fuel; nay, it is the energy that drives me!
Push, push, push, push ... It only works to inspire me.
It is important to master patience; patience is key ... so don't fret if online you don't find me.
It doesn't matter how many people doubt me ... You still have to wait for my timing!
Namaste.
Once upon a time, many people started to doubt me ... and that's ok, because I've been victim of doubting myself.
Some of them decided that the best course of action was to ban me ... Nothing new, these things happen night and day.
As more and more people decide to follow, it surely inspires me ... Maybe support comes, maybe it doesn't; but we do not work expecting any specific result.
The market is big, the market is wild ... the more it grows, the more people learn to love and soon start to admire me ... that's ok, I love and admire hard work.
Manipulation? Pushing around?
I don't know ... I am always grateful for your amazing and continued support.
Now ... You are welcome to join, but not because it will produce change ... everyday is filled with growth.
Every single hit works as the fuel; nay, it is the energy that drives me!
Push, push, push, push ... It only works to inspire me.
It is important to master patience; patience is key ... so don't fret if online you don't find me.
It doesn't matter how many people doubt me ... You still have to wait for my timing!
Namaste.
🔝 Altcoins & Bitcoin Charts!
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🚨 Free PREMIUM Trade-Numbers
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🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
What we've been seeing lately is a quite complex situation and one of the hardest, if not the hardest of all, to predict based on Technical Analysis. Bitcoin is mixed!
Mixed because we have a mixture of bullish and bearish signals.
➖ Bullish technicals, with bearish potential.
➖ Bullish conditions with bearish developments.
With a more than two months long consolidation pattern, Bitcoin can go either way.
A consolidation pattern can be either bullish or bearish, but it is a very well known fact that a consolidation pattern can only be confirmed after the breakout.
Say a pattern has a 60/40 chance, or even 80/20 between bullish and bearish and yet the bearish side, even with the lower potential can develop. In reverse, a bullish breakout can happen anytime.
The market is mixed 50/50 based on this and other signals, I can expand, and this is the very annoying situation for traders and holders alike. What will you do knowing this?
There are tens of thousands of Altcoins trading pairs and these will start fluctuating even more when the next breakout comes.
The majority of the Altcoins are set to produce a major crash, another crash which will lead to the final support being established, the correction bottom low.
Now, some people are in a bit of hurry to see prices moving down or up but that's not how the market works. The market tend to take its time and only when most people break will the market move.
Right now things are not clear but Bitcoin can go up, up, up... Bitcoin can go up.
The next major move is a very, very strong drop... It can happen within 6 days just as it can take 3-4 weeks but not much more. (Mid June 2024 for the bottom.)
You can wait for the breakout and profit all the way to $100K.
Smart readers will either stay out or wait patiently, because it is much more wiser to wait for the crash rather than buying to see everything drop the next day.
It doesn't matter what the market do next and that we cannot predict... But we can prepare because we know that action is always going on. Instead of looking for the next big one, the 10,000%+, instead we focus on daily wins, a winning strategy and this winning strategy can produce positive long-term results.
I remember back in those days when I used to focus on the short-term.
I would go to the 5minutes chart, 15minutes can "confirm" whatever I was seeing, over and over, and yet somehow the market always moved the other way.
My efforts were a pure waste, of energy, because the bigger picture didn't change no matter how much my anxieties and stress built up.
So, instead of trying to guess the next move of the market why not prepare for both scenarios knowing that what goes down, must move back up.
➖ Bitcoin has been rising since day 1.
➖ Bitcoin has been moving up since it was created, since its first trading day.
➖ Bitcoin will continue growing, there is no doubt, so why would anybody worry about a correction that will only last a few days?
It is impossible to predict the future but Bitcoin is soon going down, would you like to bet?
Namaste.