The Higher The Better to SELL Bitcoins: PowerCrash to 24kK34K for CAPITALCOM:BTCUSD by DaveBrascoFX

Three previous Bitcoin halving events have seen a considerable decline in BTC price prior to the event and a surge in the asset’s price in the months and weeks following the mining reward halving.

The Higher The Better to SELL Bitcoins: PowerCrash to 24kK34K,even deeper to 8K potentially preparing.

Bitcoin’s current rally is driven by institutional capital inflows. BTC price rally to its new all-time high above $69,000 was likely catalyzed by the expectation of exchange-traded funds’ demand among market participants.

BTC price made it past the $65,000 level for the first time since November 2021.

Three previous Bitcoin halving events have seen a considerable decline in BTC price prior to the event and a surge in the asset’s price in the months and weeks following the mining reward halving.

This $42,000 estimate is also the level we envisage Bitcoin prices drifting towards once Bitcoin-halving-induced euphoria subsides after April.

Comment:

All shorts above 71500 open,Pullbacks will be used to immediately short BTC again and again and again. The SL will be moved as soon as possible to Breakeven(Position size+gross commission+spread9; THE slWILL BE TRAILED TO MAXIMUM 100 PIPSPROFIT ZONE:NoTPlimit, as it will drop very far deep,so I wont limit my profit potentiall,only the risk.If the short trade doesnt work, we leave the market with a little profit,but have lost no money.If it works,big profit will reward the trader. I no waywill take the long trade,as it seem seductive.

Comment:

a very good point of view:dump starts it was bull trap because of altcoins didn’t even want to pump while btc pumping

This thought is not mine,but the point of view of Serdar048 a good trader here in tradingview, whom I follow. And this point of analysis is so truth, that I had to publish it here.Thank you Serdar048

Comment:

today green dayPullback.Market waiting for todays US GDP.currently 70514 can go to 70805,if breaking 71335.Waiting for new sell

Comment:

if breaking below 70166 can go to 69567,if breaking this level can go to 69031 and 68484

Comment:

BTC has difficulty to break above 71K for the third time retracing back
I am short again at 70753.TP manually moving.SL trailed to breakeven

Comment:

US GDP too strong DXY to the Mooooooooooooooooooooooon.Sold short again 71178 target short 70409,70 7014369983.Above 71349 bullish again

Comment:

Got the bet hort selling price I could 71448 shorted the coin.Results of today:1loss,1Breakeven; 2 winners(TP at retracement,The last short still open.The reaction of BTC after GDP and algo bulltraps were really acceptable and well expected. I was expecting that bull run retrace in the afternoon, but better now than later.Recesion is coming,liquidity shrinking,halving waiting behind the door:Less liquidity, and rising infflation means less possibilities to buy the coin for retail traders or retail holders. On the other hand the companies and (big boys put all assets in BTC)move on thin ice: Just a retracing back of the BTC causes big margin calls of those accounts,and to get alive theymust sell BTC. That will rush the crash sooner. Sure:BTC can go also levels higher. We have seen in over 200 markets nearly All time highs, not only BTC. But the most of them more than 50% down after ATH.:They holding BTCs. And that is very very risky. I stay short, I will saty short BTC alwas.The higher it goes, the more I sell

Comment:

its 11:35New York time:The bullih levels of this morning has been held and estimated well.Now the bias changing into bearish and maybe what US session afternoon will doIf below the levels I mentioned above, then Bearish time will begin. The market structure building a lot of broadening patter on higher region of today, that is indicating the bear will and want to defend their territories above 71K(Therefor a lotof volatile moves UP AND DOWN.The major trend is bearish initiated by the bears(or whales or whom you call it, I dont mind about it,as Only the leves and the price is just interesting for me,no news, nointeresting stories,...) and the price says it wants to go down

Comment:

today US CPI expected-The very strong revised cpi that has more impact on inflation and neg.impact on stocks and specially crypto confirmed exactlymy strategyy of the last 2 weeks:SELL BTC!!!! SELL CRYPTO! Later in yesterday afternoon the news wa published that Microstrategy s short positions of its crypto positions wasdisclosed,Microstrategy crashed more than 18%.And who is microstrategy?Michael Saylor,that billionaire who tells the crypto community to buy BTC.Why?because he is or will be soon in big margin call. What dolearn?Trust only your strategy and the price.The price is the only unmanipulated indicatorWhen it goes down:Sell! Also the BTC price is now definitly trading on lower(dicreasing ranges).When the range trading goes down(in the chart) it is a signal that prices will collaps, or bulls will lose the fight soon.Currently the bears accumulating there positions. Interestingly almost if bullish news reach the readers, the price drop more deeper.

Comment:

Today is RED: Current price 70651 Asia open. We have are hort poitions still active, going for to reach the first TP 70179, the next levels are 69583 69105 sofar A move above 70842 71018 71299 and 71400 is thesignal for me Massively to add more shorts, but this time expecting bigger moves that go far beyond 62-60KThe firt midterm target is 50k,before BTC reaches 42K. The big broadening pattern and Keil-Wulff pattern on monthly TF has been broken down,that confirms BTC will tend plunge in deepest waters. Also the EU parliaments regulations to bann cryptocurrency and maing crpto regulations stronger will make life forthe bulls very very difficult. I stay short,will stay short, and will continue my short selling of BTC and cryptos also in future

Comment:

PCI unchanged,but high,Powellwont cut rates, even some FED members splittiing now, The stock market closed today, possiblly open and gap down on monday(potentially possible).If not the next days(2nd Ban Play).
BTC racting now bearish, 68482 very important ey level.If no bullish strong reaction, it will drop to 62K

Comment:

68392 is important price.Last time the bulls defended that zon very quickly and strong.So their last resort.If they missing it to defend, the bears will tart a big masacre there.

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Powell sees no or low risks of reession:No rate cuts...Bloody monday forGold and other deflationary assets that gained of uncertain fiscal policy wil fall during the next days.Good that I am already short in Gold and Silver. Let see how the coin will react

As BTC also will be considered as a ind of,,anti-inflation,, or deflationary ,,asset ,I will continue holding my short positions.

Comment:

Bearish levels
70130 70084 69925 69753 69606 69374 69183 69253 69028 68416(gap of March 28th) BULLISH levels today above 70318 can go to 70761 71504 71699

Comment:

69023 daily pivot, if broken, we will godeeper

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Here howthe beginning of this has strated and where it will lead to. click on the link

Comment:

horted again 70747 and 70753:Beacauz low volume+Breakout nord Target short:65-67K

Comment:

waiting for 71743 3D Inside bar to sell

Comment:

Increase my horts 71207 baed on the bulltrap 14;50h NY time to day ....My bulltrap pattern worked bet this month,it seems in the meantime predicting the BTC move.The bulltrap tart to be created often(not alway) between 12:20-15h (24time in March alone..The reaon i:Low volume during noon.ome go for lunch, ell or TP ,volume sinks.A imple a it i, but the price i always right

Comment:

BTCUSD down.Sadly I didnt get my deired higher prices(Hoped that bull once again drive price higher,becuz I wanted to short more higher)But doesnt matter,the ret of the concept worked,and my other short good in profit.Breaking 68K will lead BTC to 66k,65k64,800, and then 62K.I will stay short

Comment:

Today we will have a volatile day,no trend dayHigher High and Lower Low day.Waiting the maret to come forme at 71.8K to 72.200 hopefully-What seem to be a pump, will be jut a gap filling of yesterday.The higher the btter to sell again.In the meantime I have TP at 68430-65600.Very good day again.The sell setup worked fantastic again.

Comment:

Asia opened today below yeterdays Close.After a day high, BTCUSD looking now for lower low..For the next hours we will have RED DAY- I have TP ome hort, the other shorts till in profit

Comment:

Next Targets short 66K-6750. if broken, 65486,66480,63783,63501,63004

Comment:

Perfect! 2D Low broken!!!!! Short term reaction, hort pullback, and then here we go to reach downunder targets..

Comment:

Wwll ome taregts have reached,but the job is not done.We go nows for62-63K, and then 59-60K.Goodluck everybody

Comment:

if 64K broken, we go to62K and then 60.There I see Big reaction of the bulls(50 DAY EMA),but if broken that level, and conolidating below 50DAY EMA, it meansThe bears preparing big attack to reach 40k.42k.

Comment:

The most successful traders have a win rate of 51-55%.Its not toomuch.But do they do money?Well following the price.Only.An keep their loses very small.They again and again take their ignals, and when they are wrong,they immediately cut their loses small.They dont live in a wishful world of trading, they jut follow the plan,weather bullish or bearish. Just simple like that. No holy grails.The holy grail is the dicipline they live .Everyday.

Comment:

Micro Strategy down, will go to 300$!!!! That will with NVDA and TSLA hort give another kick to pre down BTC!

Comment:

Short timepullback preparing at 65996.omeday trader could take ome profits hereor partially,If price rie higher, wait for momentum to get weaker.If trend follower, tay with bearish trend,until broken

Comment:

Going upto 67500-690(Correction).I have taken someprofits, ome shorts still open.I willaccumulate higher,if above 70K,to hort heavilyagain

Comment:

BTC starting today again below yesterday closing. I am expecting a retesting 64851,yesterdays low,that was tested 3 time during the last 2 days(a sign of bulls weakness).Many bullish Lwiped out,that have generated CB orders. Todaythe market testing its day high,a bbreak above todays high is no big deal, but more a bulltrap, awearein 3D,2Dand 5D in side bar. 17 Resitances above,jut 4 spports below us:Enough pace to fall down easily. The higher the price rie,I will build agin more hort poitions lowly.A break below yesterdays D LOW will genrate a trong bearish trend day, and increasing of momentum.

Comment:

I use my Trend Analysis Metric algorithms because compared to trend analyi tools and used methodes,it i objective and not subjective.It based only on naked facts and number ofthe big money that move the market:
3th April 2024
Open POC 66202
POC yesteday65865
Open today
65737
QPOC67083
W POC 65909
W(t-1)97915
VAL Q 64915
VAH Q 71513
Q POC LOW 59170
QPOC High 73822

We are officially in Bearih trend(Beginning phae)
A down shifting of QPOC is the beginning of Big bearish trend(not yet).That will end BTC to below 34K zone. Unless QPOC is not shifted down, the bullcould hope a pullback, but no more All time highs.

Comment:

Open POC i shifting now lower to 64249, that will attract back the price to this level again

Comment:

69K reached a expected,lets ee,if it come back for 70K,tommorrow NFL data very important

Comment:

4th April 2024
Open POC 67842
POC yesteday 66202
Open today
65932
QPOC67083
W POC 65909
W(t-1)97915
VAL Q 64915
VAH Q 71513
Q POC LOW 59170
QPOC High 73822

Comment:

The market opened at clong of yeterday, and I am expecting to fll gaps of yesterday ,before cloing drop.Potentially BTC triie to reach again higher zone at above 69500-70K,if not higher, because of Non farmpayroll. A reaction if NON farmpayrol trong can be a bullish algo move firt, and then drop.If nonfarmpayrolls weak, the oppoite happen.Among ecpectation we can expect a backdrop to 64K.

In cae Non farmpayrolls are too weak, we can expect a break of 72K, poible gap fill at around 73K, or some ticks higher

Comment:

Overheatiing A break below 65K can drop down BTC to 64K and 62K: A sign of very strong NFL data.Nadaq currently under deep water

Comment:

Nonfarm 303K, unemplyoment rate -6%,not good foraets,Dollar to the moon,hort elling will begin.Be careful,the first move are algos, they will trap youi

Comment:

POC open down to 66901

Comment:

POC being shofting down, Gold truggles, Dollar prepares to the moon.Kahkari:Zero rate cuts, Inflaion up again,liquidity down, Ask yourelves:How ill this impact BTCUD negatively?

Comment:

Today potentiall retrace up to69-70k
bullish volume

Comment:

OPEN POC 67743

Comment:

if it goess back below 68147, and closes below that level,it will be bulltrap, and trend reversess to short side

Comment:

Levels down 68150
67981
67744
67600
67443

if it reaches 67443 break down,but comes back, and breaks above, we will have tommorrow the same range like today.If closes below, it will go to 66800 etc...

Comment:

So far so good, hope its going higher, waiting ince 1 week for mydesired prce to short.But seems near of 70K volume gong down, we have now many gaps to fill downside, that act luke magnets,Waiting pays off

Comment:

6503 rejected the price.bullish volume becoming weaker. I f falling below 68723, it tends to go more down

Comment:

I f falling below 690277, it tends to go more down

Comment:

4th April 2024
Open POC 67842
POC yesteday 67743
Open today
65932
QPOC69334
W POC 65909
W(t-1)97915
VAL Q 64915
VAH Q 71513
Q POC LOW 59170
QPOC High 73822

A break below 65500 leads BTC to 58K.Abreak above 73100 to 76K and 84K

Comment:

Got a mall short at 70015.The Deired Pullback didnt come.A volume divergence is forming, that short term bullish volume i falling back into Big bearish vilume. We will have a range trading unless the lines not broken,etup bearish.elling the Highs, TP lower range only.

Comment:

if below 70000 back into wedge, we go down.Above 70000 breakout (currently 70800), shows how fast bearih volume inreasing. I interprete thi a bullish fake breakout. Waiting for 71.3K.72K,better 73K,(i hopre) to short again.

Comment:

Trade plan 8th April-30th April 2024

BTC

Upside:

71055 Distribution VAH

72000 First Target

73835 Second Target / ATH

76185 Fake Out Fib

78500-80700 Fib Sell Zone

Downside:

67500 First Support

65000 Distribution VAL

62250 Small Low Support

60000 First Target

57300 Second Target

ETH

Upside:

3454 Fib Resistance

3577 50% Fib

3700 61.8% Fib

4000 First Target

Downside:

3200 First Support

3050 Buyer Demand Ending

3000-2850 New Buyer Demand

Comment:

Increaed shorts based on Trade plan above

Comment:

THE FAKE BREAKOUT of daily wedge now is revealing itself: Once the price drops below 70286,it will go for zhe bottom of the wedge which is major bullih upport 65890,and if breaking that level, it will go for 55K.We had a very good day,all bullish targets that hit we ued optimally to SELL short BTC.I will continue my hort elling trategy, a ow alo on bigger TF chart, the bullih volatility i going down, and alo in long term TF for BTC the bearih volatility increaes.

Comment:

Hold the Line guyz, keep our Plan. It´a beautiful day...becaue we have discipline, and trade our planNo matter what new coming. The price i the only un-manipulated indicator.

Comment:

OPEN POC 68448
Europe opened bearish
FED TALK waiting.Strategy Short Selling the highs or breakouts
TP Lows,if cannot break.
If breaks, lets go to next level

Comment:

Todas volume is bearish,but low volatiliy:We stay in the triple-High range,Bias bearish.If the volatili doesnt rise, the bears and the bulls should commit a range trading pla.The bulls buy the low,sell at highs, and The bears Sell the highs,but bu it back at lows. This game will continue, solong as the volatilty is low.Weather volume, neither other indicators,neither hopes,praers and wishes will help.No volatilit,nomove.In both sides.Therefor expect that tomorrow the market will go higher a little bit, but on the other da it will again drop deeper This is an old school trading methodethat is practiced on the wallstreet for now more than decades.

Comment:

Strong CPI is making investors uncertain.Tommorrow big PPI numbers(both very important vuz displaying that inflation is rising up, the economy heating up). has big pressure on tech ,gold, and BTC cryptos.. We stay with highest level of discipline no more than ever with our strategy, cuz sudden trong pullback is awaiting, before it crashes much more deeper.Chose your trades wisely,wait your time for that Golden shot, and have strong money mangement. Bias strong bearish, as now on higher timeframes a triple TOP is building, and that is below ATH.Open POChas dropped to 67995 in less than 20 minutes, thats a big sign of whats coming next.

Comment:

This morning CPI for March came in above expectations at +3.8%. The market is responding as I expected. Volatility is rising. Yesterday we doubled up on our

DIA short to overweight.
The FED has stated that the future path of possible rate cuts is going to be "data dependent." The monthly inflation data is one proxy by which to gauge the future direction of FED policy. The inflation data holding stubbornly above expectations (known as "sticky") is not going to provide the FED the needed cover to start cutting rates as quickly as many anticipated.

Comment:

TODAY 11.april2024 BIG DATA!!!!!! Remember my updates of yesterday,what I said
m quote yeterday: Therefor expect that tomorrow the market will go higher a little bit!!!!!
keep money and risk management!!!!! and be prepared!

Comment:

So far so good:Our Plan worket till now perfectly.Nearly every target reached. I keep staying short for now,but monitoring closely,as currently the Asian open was disappoiting for Nasdaq and CRUDE OIL.Why?Because both are very highly correlated to BTC.I wa expecting NQ and CL open agressively gap up,but it did not happen.Therefor waitign for Wallstreet open and London open, that is extremely important for CL. if CL falls below84,50 it means BTC will start to bull higher, more bullish volume will come in, and it will go higher than 65600.If it holds above, it can go to around 70800 -71200.If more bulls come in play it can potentially go to 73K-74K. IF THE WALLSTREET opens gap down, then BTC will be taken to 58k,54k,52k even 48k Or more.Lets wait and see. Below is the trade plna forthis week $NQ_F

Upside:

18298 First Resistance

18352 First Target

18519-568 Incomplete Auction

18612 Small High Resistance

18631-708 Seller Demand

18770 Fake Out Fib

Downside:

18113 First Support

18035 Incomplete Auction

18000-17920 Buyer Demand

17832 Third Target

17680-17600 LVN Support

BTC

Upside:

65000 Distribution VAL

71055 Distribution VAH

71200-73850 Seller Demand

76185 Fake Out Fib

78500-80700 Fib Sell Zone

Downside:

60000 Local Low, Possible Liquidity

57300 First Target

53000-50000 Buyer Demand

ETH

Upside:

3400 Seller Demand

3650-3725 Seller Demand

3950-4095 Seller Demand

Downside:

2900 First Support

2750-2690 LVN Target Zone

2600 Resting Liquidity

$CL_F

Upside:

86.50 Distribution VAH

90 Main Target

91.25 Second Target

Downside:

84.50 First Support

83-82 Buyer Demand

80 Main Bearish Target if Value Holds below 85

Comment:

You all got your tradingplans fromme.Stick to it and you will succeed.Go against it and you will fall.Bulls are scared a lot, their bluffs and blubbs dont work anmore, cuz the facts dictate where BTC has to go to; Below 20K and even deepr where it deserves to be. All targets and goals reached 100%ly until now.Short this scammy digital thing called btc.

Comment:

Short Squeez beginning in BTC SOLANA ETHUD:All eyes on Jerome Powell! IF levelsup(see Tradeplan) breaks, possible return to 70600-71400 or higher

Comment:

short squeez failed. Allsigns on ,,SHORT,,Chicago PMI expected to be high.Stick to the trade plan, ou got.

Comment:

Keep to our tradeplan ,my friends! Have you seen that patience pays off? oNCE BREAKING 60k WE GO TO 54K and then 50K, and once we break that level, then we will go to 34K-42k, and then you get the bonus:We will goto below 20K,finally8K. Turn off noise, hype news, chat news, etc...Just keep to our tradeplan, you got. At the end of the week big big surprise will be there.Good for bears,bad for bulls!

Comment:

VERY Bad News for BTC,but very good news for the Dollar: Keep to our tradeplan friends..Here we go..Currently BTC 60624 going to break down, ohhh that is making me sooo happy,,, The Bears have now more appetite to eat the bulls...XD