My 2023 Bitcoin ShortSince September 2023 Bitcoin has been in a rally predicated on the Bitcoin ETF launch. The chart has setup in accordance with my technical rules to finally short (bet against) the price action. I am also going to use this post to expand upon my broader bearish outlook on Bitcoin at present and i
Key stats
About Bitcoin
Bitcoin is the world’s most traded cryptocurrency, and represents the largest piece of the crypto market pie. It was the first digital coin and as such, remains the most famous and widely-adopted cryptocurrency in the world. It's the original gangster in whose footsteps all other coins follow. The birth of Bitcoin was the genesis of an entirely new asset class, and a huge step away from traditional, centrally controlled money. Today, many advocates believe Bitcoin will facilitate the next stage for the global financial system, although this — of course — remains to be seen.
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!It's that time of the month again, time for the last Crypto Fiesta of 2023!
Short-term view
Bitcoin looks bullish. Long-term trend is 100% bull, but we might be seeing some headwinds in the near future. 48k remains my target. This will be the strongest area of resistance before the all-time high re
Navigating the Bitcoin Halving and Price TrajectoryGreetings,
We've reached the culmination of our ongoing analysis, and it's time to dive into the eagerly anticipated final update.
As previously discussed, the anticipated pre-halving price correction suggests a potential retracement to the $31,000-$35,000 zone. This dip is expected to be met with
🅱️ (100% Bullish) I Was Wrong About Bitcoin 🎁🎄Merry Christmas➖ It seems I made a major mistake predicting/expecting a major correction for Bitcoin and the major Altcoins.
➖ It seems I was 100% wrong and I accept it and fully admit it —when calling for marketwide correction at anytime.
➖ It is not a mistake but a major FAIL.
➖ I failed and I accept this as
Full Time Trading. Everything You Need to Know
Once you mature in trading and become a consistently profitable trader, the question arises: are you ready to trade full time?
Becoming a full time trade is a very significant step and my things must be taken into consideration before you make it.
✨ Becoming a full time trader implies that yo
Deciphering Bitcoin's Cyclical Trends & PhasesThis in-depth research delves into the three primary phases of Bitcoin market movement, namely:
Recovery Phase
Bull Run Phase
Correction Phase
Additionally, we analyze the effectiveness and impact of the halving event on Bitcoin prices within these phases. Finally, we consolidate all findin
BTCUSD → The potential for a rise to 50K is accumulatingBINANCE:BTCUSD is forming a good potential and prerequisites for further growth. The key resistance is the level of 44350, and the price continues to actively test this area.
On the high timeframe we see the formation of a global range. The potential target from the point of view of technical a
Top Is Likely In , I'm Out.Today, I'm going to present to you my thesis on why this rally is over and why the Bitcoin top is in for now, marking the weekly lower high that everyone will be setting as resistance in the coming months.
This rally has reminded me a lot of 2019 in many ways; it has played out the same, especially
BITCOIN Disturbing Puell trend-line calling for Cycle top?Bitcoin (BTCUSD) is trading within the 0.618 - 0.786 Fibonacci retracement levels which is the last Resistance Zone before it typically attempts a test of the All Time High (ATH) on each Bull Cycle. We have seen on previous analyses how the RSI is showing that this is a possible Mid-Cycle Resistance
Bitcoin Consolidating In A Bull Pennant?Bitcoin appears to be consolidating in a bull pennant. I have not checked the chart in over a week as I have been on vacation, and little has changed - including the price.
A pennant has a descending resistance and ascending support. Remember, this can easily turn into a flag, a descending paralle
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BTCUSDBTC/USD: Bitcoin Pulls Back Under $43K, Solana Shines Bright Smashing $100 per Coin
Solana holders have a lot to brag about at the family gathering today as the token is up a whopping 1,000% in the past twelve months.
BTCUSDBTC/USD: Bitcoin Ticks Up to $43,000 as JPMorgan Issues Bearish Outlook for Early 2024
The massive cryptocurrency flexed over the investment bank’s gloomy prediction and crossed 150% year-to-date gains.
BTCUSDBTC/USD: Bitcoin Consolidates Near $41K After 8% Drop Kicks Off Weekly Trading
Market participants endured the worst single-day performance in nine months, but Bitcoin is still up 150% on the year.
BTCUSDBTC/USD: Bitcoin Spikes Above $42,000 as ETF Euphoria Adds $140B to Crypto Market
Crypto’s late-year rally overshadows traditional assets as the OG token is up 150% so far in 2023, largely in anticipation of a spot BTC ETF.
BTCUSDBTC/USD: Bitcoin Kicks Off December Deals Above $38K Riding 6.5% November Gain
Top cryptocurrency is buoyed higher by growing enthusiasm over the first US spot Bitcoin ETF. Other tokens are getting a lift too.
BTCUSDBTC/USD: Bitcoin Up 17% in the Month to Thanksgiving as Crypto Bros Stay Optimistic
With the prospects of the SEC greenlighting the first US spot Bitcoin ETF, broad-based enthusiasm sweeps the token space.
BTCUSDBTC/USD: Bitcoin Holds Steady Near $36K as Binance CEO Admits Fraud, Leaves Post
In the biggest industry shakeup after the FTX debacle, Binance will pay a hefty $4.3bn in fines for money-laundering violations and more.
BTCUSDBTC/USD: Bitcoin Breaks $38K to Peak at Fresh 19-Month High amid SEC Excitement
A total of 12 spot Bitcoin ETFs are on the SEC’s finish line with the agency’s approval deadline fast-approaching tomorrow.
BTCUSDBTC/USD: Bitcoin Edges Closer to $37K as SEC’s Clock Starts Ticking for ETF Approval
The Securities and Exchange Commission has until Nov. 17 to cast verdicts over a total of 12 spot Bitcoin exchange-traded funds.
BTCUSDBTC/USD: Bitcoin Jumps 27% in Uptober, Outperforming Every Other Large-Cap Asset
The orange coin staged a whopping rebound on hopes for the first US-based spot Bitcoin ETF. Stocks ended the month with losses.
BTCUSDBTC/USD: Bitcoin Tops $35K After 20% Pump on the Week as Spot BTC ETF Prospects Shine
Excited buying has taken place this week and bulls are already calling for $40,000 as the next target. Altcoins got love too.
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