$BTC yesterday when BTC was near 95k, I messaged the group about how BTC candles behave on the 1h chart, so when it corrects, it will correct quickly. Therefore, BTC dropping quickly by 3k from the 95k area to the 92k area is not surprising at all, my friends. Everything went as expected. I gave the group a short BTC order when BTC was at around 95k1xx with a stop loss at 95240. The stop loss was just over 100 points, but the take profit already moved 3k points. My technical analysis method mainly relies on price action. I mainly look at candle signals to forecast the trend of BTC as well as altcoins. I almost never use technical indicators for analysis, forecasting, or placing orders. The only thing I almost exclusively use is looking at candle signals, my friends. I rarely short BTC because I mainly short altcoins, but once I give the group a short BTC signal, the stop loss is usually around 200 points, while the take profit is a few thousand points, which is normal. The important thing is that my stop loss is very close but hard to hit. Those of you who have been following me for a long time are no stranger to my BTC short calls. This is a great trading method that I have developed over the years of being in the market.
In my opinion, #BTC.Dom is following the 12345 Downtrend Wave Adjustment model 📉
🌜In the upcoming Q1/2025, Dom and the Flow of Money will pour into #ETH and #Total3. We will achieve what we have long hoped for. It will officially be a true #Altcoinseason, with Projects reaching x5-10 times (Midcap), or even dozens, hundreds of times (Lowcap, Meme...)
🌝 However, it is worth reiterating that not all ships will be lifted when the tide 🌊 rises, as those rotten and holed ships will sink or be smashed to pieces by the current. 🌪️This also means that there are many #Coins in the current Market. But not every Coin can succeed, and some may even D.I.E. 🥶
🌟 Our remaining task is to closely follow the Market 💹, selectively choose Coins with good development potential, aligned with #Trend (AI, RWA, L1.2, Meme...). In summary, Projects must have a narrative to paint and must attract Money Flow. It is not reasonable to buy Projects that have been forgotten, with high delisting risks, super low caps... and then hope for x to be 100, 1,000 times. ❌
📌 THIS IS A CRUCIAL TIME IN THE 4-YEAR CYCLE. 👉 FOCUS ON INVESTING FOR PROFIT. DO NOT GET INVOLVED IN WORLDLY MATTERS, DO NOT LOOK INTO OTHER PEOPLE'S POCKETS, AND DO NOT JUMP AROUND THROUGH OTHER PUMPING PROJECTS. 👉 LIMIT LONG SHORT, HIGH MARGIN LOANS DUE TO GREED... AVOID LOSING ALL YOUR MONEY 💸 BEFORE THE BIG OPPORTUNITY ARRIVES.
In 2017 and 2021, the market grew very quickly and strongly!
Do you think in 2025 $BTC and altcoins will repeat the old history?
Even in 2017 and 2021, there was almost no dip before the Lunar New Year because money from the West poured in very crazily!
Some differences between 2017, 2021 and now:
In 2017, crypto was still very small, and just a little money pouring in would make the market go crazy - however, it should be noted that in 2017, the US stock market index $SPX also increased by more than 50%!
In 2021, the FED and the US government pumped money heavily to support covid with thousands of billions of $USD - The US stock market index SPX increased by 40%
In general, the 4-year cycle is indicating that we are very close to a bull wave!
In the previous cycle, the Christmas and New Year holidays!
Entering a new financial year, the market always starts to grow strongly
There are adjustments close to the Asian New Year, as I remember, but they are not significant, partly because the amount of money pumped in during the 2021 period was incredibly huge!
$BTC, altcoin all grew very strongly!
However, this time we are still missing one condition for a strong uptrend right at the beginning of the calendar year, which is the issue that the FED has not yet pumped money to reduce the balance sheet.
Mác OS
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BTC Update 25/12/2024 Long term timeframe 1D and above
Please note that the 1D timeframe and above can take a few weeks or 1-2 months to complete.
The H1-H4 timeframe can run for a few days.
The red peak number 3 could stop anywhere in the range of 108K-130K.
12345 in green is the small wave of the red wave 3.
The green peak 5 could also stop anywhere in the range of 108K-130K to create the red peak number 3.
Assuming that the red wave 3 has ended at the peak of 108K, then the green number 4 will not stop in the range of 92K-85K but will have a D1 candle closing below 85K to confirm that the price can drop deeper down to the bottom of the red number 4 (50-75K) before continuing to rise according to the red wave 5.
Here, I am leaning towards it continuing with one more green wave 5 before making a real downturn. This means the price could at least touch the peak of 108K once again, and more optimistically, it could reach TP 130K.
The range of 92xxx-85000 is the area where green number 4 must pause; the D1 candle closing at 7 AM today, 25/2/2024, plays a role in confirming whether the green number 4 has stopped or not. Currently, I believe that there's a 70% chance that the green number 4 has stopped at 92xxx.
The case of dropping to 85-89K for green number 4 could still happen but is unlikely, and with the Altcoin purchased on 20/12, even if #BTC drops to 89K, that Altcoin will still only return around the Entry on 20/12. Join the channel in the bio section for updates.
BTC Update 25/12/2024 Long term timeframe 1D and above
Please note that the 1D timeframe and above can take a few weeks or 1-2 months to complete.
The H1-H4 timeframe can run for a few days.
The red peak number 3 could stop anywhere in the range of 108K-130K.
12345 in green is the small wave of the red wave 3.
The green peak 5 could also stop anywhere in the range of 108K-130K to create the red peak number 3.
Assuming that the red wave 3 has ended at the peak of 108K, then the green number 4 will not stop in the range of 92K-85K but will have a D1 candle closing below 85K to confirm that the price can drop deeper down to the bottom of the red number 4 (50-75K) before continuing to rise according to the red wave 5.
Here, I am leaning towards it continuing with one more green wave 5 before making a real downturn. This means the price could at least touch the peak of 108K once again, and more optimistically, it could reach TP 130K.
The range of 92xxx-85000 is the area where green number 4 must pause; the D1 candle closing at 7 AM today, 25/2/2024, plays a role in confirming whether the green number 4 has stopped or not. Currently, I believe that there's a 70% chance that the green number 4 has stopped at 92xxx.
The case of dropping to 85-89K for green number 4 could still happen but is unlikely, and with the Altcoin purchased on 20/12, even if #BTC drops to 89K, that Altcoin will still only return around the Entry on 20/12. Join the channel in the bio section for updates.
🌠 #Bitcoin has made quite a good recovery. Maintaining above the $97k mark will help keep Market Sentiment optimistic & the #uptrend trend will continue to be maintained and developed.
🌠 From now until around January 20th will be a great time for the Market to recover strongly 💪, especially the Opportunity for #Altcoin to dance and soar high 🚀🚀