The huge bear flag on the daily/weekly charts is breaking down! It's a great opportunity for the bears to short Bitcoin to 15k!
Bitcoin remains the weakest asset in the world, compared to gold or the stock market indexes SPX500 and Nasdaq. Gold almost hit an all-time high, while Bitcoin is at 26k. Bitcoin is supposed to be around 50k at this moment, but it's not. That's a pretty strong sign that the big players want to buy cheap Bitcoin and are not interested in pushing the price higher.
I have to be bearish at this point. Yesterday we saw a big dump followed by a pump, which is, of course, just a retest and filling the previous GAP. We have to also use altcoins for our analysis, and they just broke the key market structure and are ready to go lower.
Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately!
Now we can see that Bitcoin was heavily rejected by the strong resistance at 31k. We see multiple touchpoints in 2021 and 2023. It's a gateway to the bull market, so if the bulls can break this level, then I become very bullish, and it will start the true bull market!
I expect 15k or 10k because these levels are very significant from the Fibonacci perspective. We also need to complete the major ABC correction and print another impulse wave to the downside.
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. I post trade setups privately.
We are going to find the bottom between October 2023 and January 2024. That's my current outlook, and when the FED pivots, it triggers the massive crash.
Also, there will be a lot of problems with exchanges, so make sure you are safe on a trusted exchange. Or you can have only 10% - 20% of your money on exchanges and use leverage to borrow money for free on the futures market and transfer the risk to the exchange while remaining with full purchase power. Otherwise, you can use some kind of hardware wallet, such as Trezor or a hot wallet, to store your coins safely. Once the bull market starts, you can transfer the coins back to the exchange. You probably do not want to hold any coins right now anyway, because 95% of them are going to crash hard! I have a few tips for coins that can pump even during the bear market, such as Litecoin (halving event in less than 2 months).
Thank you, and for more ideas, hit "Like" and "Follow"!
Comment
⋅
Bad news about Binance and CoinBase; it's not looking good at all. I do not trade on these exchanges at all.
Comment
⋅
The halving event will be at 10 months, so we need to be patient. It should be in April 2024, which will be a strong fundamental bullish signal.
Comment
⋅
The big crash is happening, and altcoins are already absolutely losing value. But it's only the start...
Comment
⋅
New analysis - Bitcoin was created by the banks! (Proof) + Important falling wedge and price targets.
Comment
⋅
The uptrend from 15k to 31k is over; the trendline has been destroyed by the bears, and we are starting that bear market to go back to 10k–15k!
Comment
⋅
The majority is extremely bullish again; I see it in the comment section. These people counter-trade me, and always get rekt. In the past 6 months, I have usually been right on my analyses on BTC.
This guy obviously does not trade at all or has a very few trades. In the same time he just manipulates on TV by spamming every day mid-term or even long term charts on both sides and ppl who are new here clickbaited on the image in chart. Dude simply increases his auditory and then selling to them his "ideas". Such a cancer on TV
@Tolberti, what do you mean by "No"? Here's your last ideas : prnt.sc/5TTIt_UEPbOh You are showing here all the possible ways of price movement of any existing. Chose what you like it calls.
Tolberti
⋅
@SpaceMachine, I like to show my bullish perspective as well.
averkie_skila
⋅
@SpaceMachine, And someone can also get money from market manipulators by selling yourself to them as an opinion Influencer. That's also what Alan might be suspected of doing. It's just an idea. That it's okay for some people to do that. When you have a big audience. It can be quite a bit more lucrative than deals. If you can prove that your ideas affect longs and shorts.
@Tolberti, Nice idea, do you expect also that this coin are going to see a new gain view
remarkableCake99061
⋅
@SpaceMachine lol just few days ago calls it bullish in two different ideas now flops to bearish. I'll agree we are going bear mode at least short trend wise but that's it. these type of folks trying to sell bs on TV are out right scammers. if they know so much about trading why are they bothering to sell you their secrets? it's bc they don't and need to make money else where lol