Bitcoin fans will not like this idea, but it is possible that BTC is already slowly ending its productive life and heading for retirement. One can't help but notice the ever-decreasing percentage performance.
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Keep it simple. A stop loss is a valid close above strong resistance, otherwise look for a target in the area of strong support at the end of the year.
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USDT.D is about to send crypto down.
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If I were to consider buying BTC, I would focus on the depression area, the market could potentially go there in 300 days. And if that doesn't happen, I'd wait for a close above 32K. I don't care about anything in between, waste of time.
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USDT.D is likely to end the consolidation soon, I expect an increase in dominance to the upside, followed by more cryptocurrency movement to the downside. However, another fakeout is certainly possible, it is an integral part of this market. Market makers will do anything to steer you in the wrong direction.
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Just as expected, there was a fakeout on USDT.D Market makers should do some thinking, because if they use fakeout every time, traders will automatically count on it and fakeout will no longer serve its purpose. Here it is back below the upper resistance in a consolidation range, if there is a subsequent break above, there will be a quick move up. Cryptocurrencies will fall rapidly in parallel. I personally don't care what happens here and how long it lasts. The bottom of the crypto market is still far away.
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I wonder if the market makers will repeat the same song here. Anyway, considering it a replacement for the dollar is ridiculous. We can think what we want about the dollar, but it will be king for a long time.
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Here, by the way, I clarified the previous drop point, it didn't go all the way down, yet :)
Go buy some horses and cows and start cowboy career as BTC is going nowhere down to 9k.
trader-123456
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@Moneyisjustanumber, Hi, please learn to respect other people's opinion. It's just an idea where I think BTC is currently in a time capitulation phase, I have no idea how deep it will go over time. But you obviously know the future, so don't be stingy and share your idea so that many people will become rich thanks to you. I don't understand where you get the audacity to advise how he should handle his life. I had horses in my country and believe me I wish to return to such a life in the future. Also try to live a real life and not deal with other people and digital nonsense.
Tradersweekly
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@Moneyisjustanumber, You sound like the most bullish people who were talking the same kind of stuff right at the top in late 2021, thinking crypto can go only up.
DrStein
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@Moneyisjustanumber, classic moonboi comment. Just insults and no arguments at all. You are the doom of the cryptoverse.
Moneyisjustanumber
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@DrStein, So from 25k i just earned 9000$ profit u haters, so no I am not waiting BTC RETIREMENT. Using chances on market scalping profits
trader-123456
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@Moneyisjustanumber, Hi, you win once and return the winnings the second time, it's a cycle. I wouldn't be surprised if you get out of ATH, so it will be a long time before you talk much about profit.
Moneyisjustanumber
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@trader-123456, When I sense waterfall I sell before that. So yes I am in huge profit on BTC from 2017 because I got them ultra cheap and I waited all the way up to ATH selling for 60k my bag. And I bought back on 15-17k range again so its HUGE PROFIT FOR ME selling on 34k now.
trader-123456
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@Moneyisjustanumber, And then you woke up and found out that it was only a dream :)
Moneyisjustanumber
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@trader-123456, sure bro i did x10 on FET and x4 on LTO and x2 on BTC during bear market what you did?
trader-123456
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@Moneyisjustanumber, Hi, you can list here profits of 100, 1000 or a million percent, but only you yourself know if it is realistic. I don't trade bear market rallies, I don't have the experience, the nerves, and I prefer a peaceful sleep. I don't consider crypto to be a long-term investment, if in the future (for example, until July 2024) crypto will be where I imagine it to be, I probably won't resist and buy something. If that doesn't happen, all the better, at least I won't have the urge to enter this crypto gambling.