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Eternel insatisfait
@Eternel_insatisfait
Shedding Light Around This Thing: Blockchain
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Binance Square's outstanding winners for the #TrendingTopic Challenge from Feb 20 - Feb 27!
Congratulations to the accounts below 🎉
1. Altcoin Market Cap still on track by @Eternel insatisfait
2. BTC Update by @NoMA effect
3. UNI 消息 by @Square-Creator-49d666686
Have you joined the campaign yet? Participate now and you could be one of the winners next week! 🔥
*The list is not ranked in any particular order.
*Media & Project partners are not considered in this selection.
*Submissions are evaluated by the Binance Square team, and the final interpretation right belongs to Binance Square.
Congratulations to the accounts below 🎉
1. Altcoin Market Cap still on track by @Eternel insatisfait
2. BTC Update by @NoMA effect
3. UNI 消息 by @Square-Creator-49d666686
Have you joined the campaign yet? Participate now and you could be one of the winners next week! 🔥
*The list is not ranked in any particular order.
*Media & Project partners are not considered in this selection.
*Submissions are evaluated by the Binance Square team, and the final interpretation right belongs to Binance Square.
PINNED
Delighted to announce my appointment in the Traders Analysts category on Square! 🌟 Thank you for your ongoing support, and let's share new successes together in the financial world! 🚀🎉 #SquareTrader
#AnalystInAction"
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#AnalystInAction"
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$DOGE
Dogecoin has managed to recover a big part of the downside below the red $0.20 level
Volatile retest is in progress and #DOGE is only +4% away from reclaiming this red level as support
Still has plenty of time to reclaim it and doing well so far
#Crypto #Dogecoin
Dogecoin has managed to recover a big part of the downside below the red $0.20 level
Volatile retest is in progress and #DOGE is only +4% away from reclaiming this red level as support
Still has plenty of time to reclaim it and doing well so far
#Crypto #Dogecoin
$AVAX
Retest is in progress
Last week #AVAX downside wicked at this support
This week, AVAX is dropping below this level which may indicate that the volatile retest isn't yet over
Needs to Weekly Close above red $46.41 for the retest to be successful
#Crypto #Avalanche
Retest is in progress
Last week #AVAX downside wicked at this support
This week, AVAX is dropping below this level which may indicate that the volatile retest isn't yet over
Needs to Weekly Close above red $46.41 for the retest to be successful
#Crypto #Avalanche
#BTC
3 Phases of The Bitcoin Halving
1. Final Pre-Halving Retrace
The Pre-Halving Retrace has already occurred and is in the books
This Pre-Halving Retrace was -18% deep whereas in 2016 it was -38% and in 2020 it was -19% deep
This Pre-Halving Retrace was the final bargain-buying opportunity in the Pre-Halving period
Bitcoin is only 7 days away from the Halving
2. Re-Accumulation
Now that the Pre-Halving Retrace has occurred, it has set up the very foundations of the Re-Accumulation Range
This Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it weeks after the Halving
The goal now is for Bitcoin to move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
3. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
3 Phases of The Bitcoin Halving
1. Final Pre-Halving Retrace
The Pre-Halving Retrace has already occurred and is in the books
This Pre-Halving Retrace was -18% deep whereas in 2016 it was -38% and in 2020 it was -19% deep
This Pre-Halving Retrace was the final bargain-buying opportunity in the Pre-Halving period
Bitcoin is only 7 days away from the Halving
2. Re-Accumulation
Now that the Pre-Halving Retrace has occurred, it has set up the very foundations of the Re-Accumulation Range
This Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it weeks after the Halving
The goal now is for Bitcoin to move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
3. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
#BTC is still just consolidating between these two levels
No major trend shift as we approach the Bitcoin Halving
$BTC #Crypto #Bitcoin
No major trend shift as we approach the Bitcoin Halving
$BTC #Crypto #Bitcoin
WHY BITCOIN IS DUMPING?
1) High CPI Data
The US CPI data came in higher than expected.
The expectation was 3.4%, but the data came in at 3.5%.
A higher than expected CPI means the FED can continue its hawkish stance.
2) Rate Cuts Postponed
The market was expecting a rate cut in June, but after today's CPI data, the probability of it happening has gone down.
Now, the FED swaps is pricing in 50BPS rate cuts rather than 75BPS, and that too will happen after June.
These are the major reasons behind BTC's recent dump.
If you liked my analysis, hit like and repost it.
#bitcoinhalving
1) High CPI Data
The US CPI data came in higher than expected.
The expectation was 3.4%, but the data came in at 3.5%.
A higher than expected CPI means the FED can continue its hawkish stance.
2) Rate Cuts Postponed
The market was expecting a rate cut in June, but after today's CPI data, the probability of it happening has gone down.
Now, the FED swaps is pricing in 50BPS rate cuts rather than 75BPS, and that too will happen after June.
These are the major reasons behind BTC's recent dump.
If you liked my analysis, hit like and repost it.
#bitcoinhalving
#BITCOIN MONTHLY CHART
Since 2017, Bitcoin has consistently
followed an upward parallel channel,
respecting key upper and lower levels
over a three-year cycle.
Key Points:
✅Breaking above the middle line of
the channel typically drives the price
towards the upper channel.
✅Historically, breaking the Middle
Range (shown by broken lines) in
previous cycles led to a surge of up
to 225% towards the upper channel.
✅Currently, the middle range has
been breached and the price closed
above it, suggesting a strong potential
for continued upward movement.
✅If historical patterns repeat, Bitcoin
could potentially reach $200,000
#BTc
Since 2017, Bitcoin has consistently
followed an upward parallel channel,
respecting key upper and lower levels
over a three-year cycle.
Key Points:
✅Breaking above the middle line of
the channel typically drives the price
towards the upper channel.
✅Historically, breaking the Middle
Range (shown by broken lines) in
previous cycles led to a surge of up
to 225% towards the upper channel.
✅Currently, the middle range has
been breached and the price closed
above it, suggesting a strong potential
for continued upward movement.
✅If historical patterns repeat, Bitcoin
could potentially reach $200,000
#BTc
#BTC
Bitcoin has confirmed a breakout from its Weekly Range
Now the final resistance is $71300, the highs from 2 weeks ago (blue)
If $BTC isn't able to break $71300 then there could be another bout of consolidation between $69000 & $71300 (black-blue)
#Crypto #Bitcoin
Bitcoin has confirmed a breakout from its Weekly Range
Now the final resistance is $71300, the highs from 2 weeks ago (blue)
If $BTC isn't able to break $71300 then there could be another bout of consolidation between $69000 & $71300 (black-blue)
#Crypto #Bitcoin
#BTC
There are only two bargain-buying opportunities left for Bitcoin before price takes-out into Price Discovery
There's the Pre-Halving Retrace (dark blue circle)
And then there's the Re-Accumulation phase (red)
Bitcoin has already experienced a Pre-Halving Retrace of -18%
So actually there's only one bargain-buying opportunity left and that's dollar-cost-averaging within the Re-Accumulation Phase (red)
$BTC #Crypto #Bitcoin
There are only two bargain-buying opportunities left for Bitcoin before price takes-out into Price Discovery
There's the Pre-Halving Retrace (dark blue circle)
And then there's the Re-Accumulation phase (red)
Bitcoin has already experienced a Pre-Halving Retrace of -18%
So actually there's only one bargain-buying opportunity left and that's dollar-cost-averaging within the Re-Accumulation Phase (red)
$BTC #Crypto #Bitcoin
🚨 BREAKING 🚨
$284 BILLION CHINA SOUTHERN
FUND HAS REPORTEDLY APPLIED
TO LAUNCH SPOT BITCOIN ETF VIA
HONG KONG.
GIGA BULLISH 🔥
$284 BILLION CHINA SOUTHERN
FUND HAS REPORTEDLY APPLIED
TO LAUNCH SPOT BITCOIN ETF VIA
HONG KONG.
GIGA BULLISH 🔥
If you have survived
- BTC crash from $69k to $15k
- LUNA to $0 by Do kwon
- 3AC going from $18bln to $0
- Celsius and voyager bankrupt
- FTX and FTT Meltdown
- Binance bank run
- USDC de- peg
- CZ stepping down
- Survived 2yr bear market
You are a crypto OG now.
- BTC crash from $69k to $15k
- LUNA to $0 by Do kwon
- 3AC going from $18bln to $0
- Celsius and voyager bankrupt
- FTX and FTT Meltdown
- Binance bank run
- USDC de- peg
- CZ stepping down
- Survived 2yr bear market
You are a crypto OG now.
$ALTS
Altcoin Market Cap has had a period of multiple weeks of successfully retesting this $315bn level (red) as new support
The retest is still successful
#BTC #Crypto #Bitcoin
Altcoin Market Cap has had a period of multiple weeks of successfully retesting this $315bn level (red) as new support
The retest is still successful
#BTC #Crypto #Bitcoin
#BTC is currently positioning itself for a bullish Daily Close above the ~69000 level and in turn positioning itself for a bullish Weekly Candle Close as well
$BTC #Crypto #Bitcoin
$BTC #Crypto #Bitcoin
$DOGE
Dogecoin has successfully retested the top of the Bull Flag it broke out from last week
And over the coming weeks, DOGE will try to also reclaim the ~$0.20 level (red) so as to continue its rally
#DOGE #Crypto #Dogecoin
#BinanceLaunchpool
Dogecoin has successfully retested the top of the Bull Flag it broke out from last week
And over the coming weeks, DOGE will try to also reclaim the ~$0.20 level (red) so as to continue its rally
#DOGE #Crypto #Dogecoin
#BinanceLaunchpool
#Bitcoin has been consolidating inside a massive triangle for the past 25 days.
These triangles are trend continuation patterns and usually lead to a breakout in the direction of the HTF trend.
Upside Breakout incoming ? 🔥
#HalvingCylces
#HalvingCylces
#BTC
These triangles are trend continuation patterns and usually lead to a breakout in the direction of the HTF trend.
Upside Breakout incoming ? 🔥
#HalvingCylces
#HalvingCylces
#BTC
#Bitcoin simple strategy 🤝
1) Buy Bitcoins 500 days Before Halving
2) Hold & Do Nothing
3) Sell 250- 500 Days After Halving
4) Repeat
1) Buy Bitcoins 500 days Before Halving
2) Hold & Do Nothing
3) Sell 250- 500 Days After Halving
4) Repeat
𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗣𝗥𝗜𝗖𝗘 𝗨𝗣𝗗𝗔𝗧𝗘
Bitcoin had an amazing run in Q1 as it pumped by over 65%
Here's how the rest of the Bitcoin cycle will play out:
1⃣ Pre-Halving Correction
BTC is already down over 10% from its ATH.
With Grayscale outflows, US government BTC selling, and US tax season, BTC could go down 10%–15% before reversal.
2⃣ Post-Halving Accumulation
This period lasts from 3–6 months, during which whales accumulate while BTC hovers around its ATH.
This is the period of calm before the big storm.
3⃣ Post-Halving Parabolic Run
Once whales and big entities are done with accumulation, BTC scarcity kicks in, causing parabolic price action.
This is the period where BTC will break ATH every week or two, along with alts pumping 50%–100% in a day.
So, have some patience, as the BTC cycle is playing out exactly as the previous ones.
Bitcoin had an amazing run in Q1 as it pumped by over 65%
Here's how the rest of the Bitcoin cycle will play out:
1⃣ Pre-Halving Correction
BTC is already down over 10% from its ATH.
With Grayscale outflows, US government BTC selling, and US tax season, BTC could go down 10%–15% before reversal.
2⃣ Post-Halving Accumulation
This period lasts from 3–6 months, during which whales accumulate while BTC hovers around its ATH.
This is the period of calm before the big storm.
3⃣ Post-Halving Parabolic Run
Once whales and big entities are done with accumulation, BTC scarcity kicks in, causing parabolic price action.
This is the period where BTC will break ATH every week or two, along with alts pumping 50%–100% in a day.
So, have some patience, as the BTC cycle is playing out exactly as the previous ones.
3 phase of The Bitcoin Halving
#BTC
1. Final Pre-Halving Retrace
A Pre-Halving retrace tends to occur a 28 to 14 days before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep and lasted 3-4 days
In 2020, this Pre-Halving retrace was -20% deep and lasted 56 days (8 weeks)
Currently, $BTC is just over 14 days away from the Halving, pulled back -18% in total over the past couple of weeks
If the Pre-Halving Retrace bottom is in...
BTC therefore would've repeated a lot of qualities from the Pre-Halving Retrace of 2020
After all, the most recent retrace was -18% deep and lasted 7 days or so
However, Bitcoin in 2024 also repeated some 2016-like qualities as well
Because Bitcoin began its Pre-Halving Retrace ~30 days before the Halving whereas in 2016 Bitcoin began its retrace 28 days before the Halving
As a result, it looks like Bitcoin may be repeating pieces of both 2016 and 2020 Pre-Halving price tendencies
But the goal of a Pre-Halving Retrace is three-fold:
a) To offer one final bargain-buying opportunity in the Pre-Halving period
b) To form the Range Low of the future Re-Accumulation Range
c) To set up the next phase in the Bitcoin Halving Cycle: "Re-Accumulation" (red box)
With the latest rejection at ~$70,000...
It's possible that we may now know where the Range High of the Re-Accumulation Range may be
As a result, it's possible that this Pre-Halving Retrace period has already established the very beginnings of the Re-Accumulation phase
2. Re-Accumulation
The beginning of the "Re-Accumulation" phase occurs once the Pre-Halving Retrace has bottomed
In other words, the bottom of the Pre-Halving Retrace historically becomes the bottom of the Re-Accumulation Range (red)
It's still uncertain if the Pre-Halving Retrace bottom is in
However, because a Pre-Halving Retrace has occurred already...
It is possible that Bitcoin is slowly transitioning away from its Pre-Halving Retrace phase into its "Re-Accumulation" phase (red)
The goal now is for Bitcoin to move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
However, in this cycle it is the very first time that this Re-Accumulation Range is developing around the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range like we've seen throughout the cycle thus far and may not last very long before additional uptrend continuation
3. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
1. Final Pre-Halving Retrace
A Pre-Halving retrace tends to occur a 28 to 14 days before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep and lasted 3-4 days
In 2020, this Pre-Halving retrace was -20% deep and lasted 56 days (8 weeks)
Currently, $BTC is just over 14 days away from the Halving, pulled back -18% in total over the past couple of weeks
If the Pre-Halving Retrace bottom is in...
BTC therefore would've repeated a lot of qualities from the Pre-Halving Retrace of 2020
After all, the most recent retrace was -18% deep and lasted 7 days or so
However, Bitcoin in 2024 also repeated some 2016-like qualities as well
Because Bitcoin began its Pre-Halving Retrace ~30 days before the Halving whereas in 2016 Bitcoin began its retrace 28 days before the Halving
As a result, it looks like Bitcoin may be repeating pieces of both 2016 and 2020 Pre-Halving price tendencies
But the goal of a Pre-Halving Retrace is three-fold:
a) To offer one final bargain-buying opportunity in the Pre-Halving period
b) To form the Range Low of the future Re-Accumulation Range
c) To set up the next phase in the Bitcoin Halving Cycle: "Re-Accumulation" (red box)
With the latest rejection at ~$70,000...
It's possible that we may now know where the Range High of the Re-Accumulation Range may be
As a result, it's possible that this Pre-Halving Retrace period has already established the very beginnings of the Re-Accumulation phase
2. Re-Accumulation
The beginning of the "Re-Accumulation" phase occurs once the Pre-Halving Retrace has bottomed
In other words, the bottom of the Pre-Halving Retrace historically becomes the bottom of the Re-Accumulation Range (red)
It's still uncertain if the Pre-Halving Retrace bottom is in
However, because a Pre-Halving Retrace has occurred already...
It is possible that Bitcoin is slowly transitioning away from its Pre-Halving Retrace phase into its "Re-Accumulation" phase (red)
The goal now is for Bitcoin to move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
However, in this cycle it is the very first time that this Re-Accumulation Range is developing around the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range like we've seen throughout the cycle thus far and may not last very long before additional uptrend continuation
3. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
