"Bitcoin’s Consolidation Before the Next Big Pump"
BTC has a tendency to form tops, consolidate, and then pump. The same consolidation is shown in the chart prior to another bullish breakout being imminent, the support being around $69,594 and the target above $110,920. There is a cooling shown by the indicators, but overall structure still remains bullish.
Very neutral zone at the moment. Prices are lock below the main downtrend.
if the 25.50$ support is holding, we may see a test of the 31-32$ upper key resistance.
If not, prices could test again the 23.50 - 23.00$ area.
The daily RSI bottomed, but prices are now below the main downtrend daily. Hard to say what will be the next move here. More likely a dump because of the current market mood?
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Here are some daily mistakes 80% of traders make that lead to losing their money, and how to avoid them.
1. Skipping Stop-Loss Orders If you don’t set stop-loss orders, your investments could suffer during sudden price drops. Stop-losses help limit your losses by automatically selling when the price falls below a certain level. 2. Over-Leveraging Using borrowed money, or leverage, might seem like an easy way to increase profits, but it can lead to big losses. When the market moves against you, the effects of leverage can quickly magnify your losses. 3. Ignoring Market Cycles Bull runs don’t last forever. Many investors fail to recognize that after a bull run, a market correction or bear phase is likely. Not understanding market cycles can cause you to lose money when prices start to fall. 4. Chasing the Hype When prices rise rapidly, the fear of missing out (FOMO) can push people to buy at the top of the market. Often, these price spikes are followed by corrections, leaving FOMO buyers with losses. 5. Buying After a Pump Investing in assets that have already experienced a massive price increase can be dangerous. When you buy into a coin after it has pumped, there’s a high chance you’re buying near its peak price, setting yourself up for a loss when the price falls back down.
6. Lack of a Clear Plan Without a clear strategy, it’s easy to make emotional decisions. Whether it’s when to buy, sell, or take profits, a lack of planning can lead to poor choices that result in losses. 7. Emotional Trading Letting emotions like fear, greed, or impatience guide your decisions can lead to rash moves, like panic selling or buying without proper research. Emotional trading often ends in losing money. 8. Falling for Scams Bull runs attract scammers who offer too-good-to-be-true opportunities. If you don’t do your due diligence and research projects thoroughly, you might end up investing in a scam that costs you everything. 9. Holding Too Long Many traders hold their investments for too long, expecting prices to keep rising. When the market reverses, they fail to take profits in time and end up with losses. 10. Ignoring the Basics Investing in coins without understanding their true value or purpose can be risky. Chasing hype without research often leads to investments in projects with no real potential, which can result in losses. 11. Not Diversifying Putting all your money into one asset may seem like a good idea if that asset is performing well, but it increases the risk. If that coin takes a hit, you could lose a large portion of your money. 12. Trusting the Wrong Influencers Listening to advice from unverified sources, like social media influencers, can lead you to make poor investment choices. Always do your own research and make informed decisions. How to Protect Your Investments To avoid losing money, develop a clear plan, manage risk effectively, and stay informed. Research thoroughly, use stop-losses, diversify, and stay aware of market cycles to protect your investments. LIKE and FOLLOW Analystos
Many traders get too caught up in*short-term price fluctuations, ignoring the more important long-term trends that often bring greater profits.
Currently, the market is in an uptrend (prices are rising) since August.
As for #SOL, after reaching its ATH at $260, the price experienced a correction (a drop), but it has since stabilized in the support zone at $205 - $178. Support levels like these are where buyers usually step in, halting the decline and showing strong interest in the asset. 💎
For me, these price movements are neither unusual nor concerning. I plan to accumulate Solana on spot in the range of $180 - $156, as I’ve set ambitious targets of $300 - $400.
For spot, futures, or swing positions, here’s how I would consider entering: - EP (Entry Points): $192, $185, $178 - TP (Take Profits): $300, $350, $402 - SL (Stop Loss): $154.31 (for spot positions, I don’t use stop losses).
But remember, what you do is entirely up to you! Trade wisely, stay disciplined, and always do your own research. 💖
Back in 2020, I invested $500 in altcoins just a week before New Year.
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Trends and behavioral patterns exist across all financial markets, including crypto.
Recognizing these patterns allows you to make smarter, more confident decisions, even in times of market volatility and uncertainty. The key to spotting these patterns lies in analyzing historical data and understanding prevailing narratives.
When done correctly, this approach can help you anticipate the market’s next move and print life-changing profits.
Right now, we’re witnessing the same patterns we saw in 2020, just before a major altseason began.
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{future}(XRPUSDT) XRP doesn't seem to care too much about Bitcoin.
If it is a repeat of the previous structure then I expect as the green line is drawn that we will make the run.
I am still a bit skeptical with BITCOIN as I still see a possibility that it will go down a lot. I will upload another drawing about this.
For now, if we manage to maintain volume, I will follow this pattern and this is target 1. As soon as more later I will also upload the next target to take profits.
I think why I got so mad at the Bitcoin space is people you trust keep hollering these outlandish expectations and you internalize them and believe. And then see the reality in the ChART and realize your hero's are either stupid or scammers. Not to mention some of the cultist behavior is a turn off.
But in 2017 we were going to 250k. At 20k I was starting to be suspect. At 17k I sold.
Thought ok I am getting the hang of this. Then i said I can macro ChART Bitcoin with the best of them. And I obviously can. As I called the first top to a T. But then I was like I am tired of the cum rockets stealing the glory here. And just got totally negative on the space.
Because that was the whole story. Limited supply yada yada. But how can you claim that when the Total 2 (ALTCOIN) market cap is as large as the BTC market cap. So without the shitcoin show. Bitcoin would already be at 250k like we all have been anticipating. Instead it just breached 100k.
So Bitcoiners have overtly been diluted by 50% whether they like to admit it or not.
With that being said. From a fundamental and technical perspective. Bitcoin and the shitcoin show are here to stay. Just as penny stocks trade along side of valid companies so shall it be in Crypto.
But evaluating the long term aspects of Bitcoin. These outlandish claims of billion dollar bitcoin and million dollar this and that. It's scammy pump talk... I think over the next 27 halvings Bitcoin will compete with Gold and Silver at this point for the foreseeable future. But market caps matter and have to make sense.
Global GDP is 100 trillion!
Gold for instance at 18 trillion now. That is 18% of Global GDP... For Bitcoin to trade for a billon dollars a coin. That would be 2.2 QUADTRILLION! So Bitcoin will trade at 22 X Global GDP! You see the problem with the math here?
The GLOBAL STOCK MARKET VALUE IS 55 TRILLION!!!! 55% of global GDP!
People talking about Gold tripling from here are either ignorant and haven't thought this through, or scam artists themselves in my opinion.
So as I type this message Bitcoin is around 1.9% Global GDP...
Silver 1.7%...
These two individual asset classes are the skinniest of the bunch.
I DO NOT SEE GOLD TRILPING OR EVEN DOUBLING FROM HERE TO MATCH THE STOCK GLOBAL MARKET!
I DO NOT SEE THE STOCK MARKET TRIPLING FROM HERE TP BE WORTH MORE THAN IT PRODUCES!!!
I do think that over the next 5 decades or so Bitcoin will ebb and flow through cycles that will eventually see it trade somewhere around half of what Gold is (10% of GDP) and maybe after 100 years flip Gold. So if you are 20 you may see that happen. But until then 4 year cycles taking out 50k chunks of that price and retracing as profit taking is taking place.
I also see Silver as it is needed in the manufacturing of modern technology as a skinny asset class that will probably eventually over the same 5 decades or so be worth 5 or 6% of Global GDP. And yes population is growing etc. and so on but all we have is todays evaluations.
So IMHO what are the two best assets to DCA for the next 30 years?
Silver and BTC...
But I will still add some Gold, and S&P ETF...
I am done with the all in and all or nothing approach. The only one way mindset...
I am an Saver/Investor/Positional Trader/Swing Trader/ & Day Trader...
I enjoy all aspects of the investing world.
That is diversification as much as asset classes.
Multiple ways to generate wealth in the markets.
Taxes with BTC are confusing to say the least. Same with Physical Gold and Silver, not to mention you get punished as a collector. So never sell! Pass them on!
So save cash!
Stack Gold and Silver indefinitely...
Stack BTC indefinitely...
Stack an S&P ETF or mutual fund indefinitely...
Positional Trade Dividend Stocks... (medium size)
Swing trade speculative stocks... (small size)
Day trade high volume mega cap stocks... (small to medium size)
Large and Supersized plays kills financial situations just as it does in your diet.
NEVER OVERTRADE OR OVERSIZE!
The less you trade the more you make.
And remember when trading the BEST LOSER WINS!
LOSE SMALL, BREAK EVEN, WIN SMALL, WIN BIG...
This is the only way!!!
Fear instead of hope. Hope instead of fear...
Most get this backasswards.
So onto this ChART...
The 200 week SMA is the key here. It should stay right around that angle from here on out. Spreading from it pulling it up and coming back to test it once it gets to far away.
I think a 20% correction to about 80k in early spring and a 2025 top around 130k is in play. The correcting to around 50k in 2026-27... Then by 2030-32 after the next halving maybe around 170k. Then rinse and repeat. Which is why a DCA approach with this asset is the most logical emotionless approach with this asset. $20-$100-$500 a week. I don't know your budget. But that is what I will be doing from here on out with Bitcoin. Because I think it would be a dereliction of duty to any portfolio to not be doing so at this point.
Merry Christmas and Happy New Year Traders #BTC🔥🔥 #BTCUSDT #Wtite2earn #BTCNextMove #FranklinCryptoETF
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