I know more about bitcoin than anyone else, and I am telling you that this bear market rally will be huge! But at the end, it can be destructive.
Bitcoin is absolutely prepared for an exponential pump to 38,981 USDT! In this analysis, I will tell you why, so keep reading, you don't want to miss it!
First of all, a major impulse Elliott Wave has been completed (69,000 -> 15,476), and people are calling for 13K, 10K, and 6K. I think it's definitely possible to reach these low levels, but first we should have a bullish ABC retracement (correction), and I was looking for an optimal retracement level, which is the 38,981 level.
Why 38,981? It's the 0.618 FIB retracement of the major impulse wave + the last GAP that needs to be filled + the previous consolidation structure's POC. This is the strongest level, and it's the open gate to a new all-time high.
Unfortunately, this is going to be a bear market rally, and after we hit 39k, we could continue in the bear market and fall down to 6k–10k to complete this bear market.
If you want Bitcoin to grow exponentially, hit the like right now!
The volatility index on BTC is at an all-time low, which suggests an exponential move is likely. I think the move is going to be to the upside because there is not enough fuel to go down. The falling wedge is a huge barricade, and the bears don't want to go against it. So for the bears, it's better to transform into bulls and ride the bear market rally!
Have you seen that huge green dildo on Solana? It's an indication of a trend reversal not only for this coin but for the whole crypto market.
What's more, if we take a look at the RSI indicator on the weekly chart, we can spot a bullish divergence, which is a very strong indication, especially in the crypto market. All markets move differently, and the crypto market follows the RSI and the Elliott Wave theory much more than others.
Anyone who tells you that his strategy or bot works on all types of markets, such as forex, stocks, crypto, and commodities, is most likely lying to you. A bot that is profitable on forex is absolutely not profitable on crypto.
I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing.
A 131% pump from the current price is likely, and it's time to fill your bags with altcoins if you trade on the spot market. Otherwise, you can open a leveraged position on bitcoin on the futures market. Personally, I am a futures, options, and spot trader. I want to take advantage of all of these products.
Look at my extremely important idea about "Bitcoin: All of the Reasons Why the Bottom is Near (in)" from November 13, 2022 in the related section down below; you must see it!
Thank you, and for more ideas, hit "Like" and "Follow"!
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The exponential pump is happening! My entry is 16861.91 and it's going to be huge. I will post new analysis on the current market situation for Bitcoin very soon.
nice idea but you posted several ideas bro..BTC to 130K....few days later 12K.....now this one wich one is the next..but hope you are right this time..keep up the hard work💪
nestorador
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@flappie000000, the pump started right after I have read this idea. Very glad that I was working out my last idea and it was Long too. It was a hard series of Longs. Glad to get out with full bags 🎈 🐂♉ Trying to find smth like you are speaking about and I can't. Can you point me? I know that you can't delete your ideas here, so where is it? p.s. we are on the way to 120k btw
@Hatab.hatabow it seems like the people who draw the fancy image charts with digital images have the craziest ideas. there was a guy like that I. my old discord who used to influence alot of people take major Ls trading with his commercialized charts 🤣
Tolberti
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@Hatab.hatabow, The ideas on TradingView are set in stone; they cannot be deleted or edited. But anyway, why should I do that? This is a strong analysis based on bullish technical indicators.