🛑 Beware of Chicken Herding Tricks, Especially for those who are disoriented
#cryptochannelstar #btc #eth <t-37/>#Altcoins👀🚀 $BTC Herding Chickens In The Crypto Trading World Everyone please be patient and read this entire article to better understand the nature of VIP REF fee groups...etc (need to join the group, must IB and stuff...) so all of them should be removed. In the current crypto trading world, many people have fallen into the trap of scams from VIP, Premium and Private groups. They often show off huge profits from Spot and Futures trading with impressive PNL numbers, using leverage up to x50, x200. Behind those numbers are tricks (all kinds of banners) to lure people into their so-called VIP.
Today I surfed and saw quite a few fortune tellers, correctly guessing a few waves, just like this and that. These people who call themselves "experts" sometimes give comments that sound sharp but are not based on any data, analysis or logic. For example, if someone says that “the market will explode by the end of the year” without explaining why they believe so, it is easy to fall into the category of guesswork. Likewise, if they are right, they will emphasize that they “got it right,” but if they are wrong, they will keep quiet or ignore it. This type of statement can easily lead others to believe that they have superior analytical abilities when in fact, the prediction has no basis at all.
Currently, Bitcoin (BTC) has completed 5 waves on the H4 chart and has undergone a correction after rising from $58,800 to $69,500. We now have an A-B correction, and the top of wave B has been confirmed at $68,800. Now, the market needs a B-C move to the 62,500-64,300 zone to complete this correction.
On the daily chart, BTC is in wave 3 of the extended wave, with the next target at $70,500. On the longer time frame like the weekly chart, the MACD indicator has turned green, indicating that the buying pressure in the market is very good. If the trend is favorable, BTC could head towards $78,500 - $81,000, corresponding to the 1.618 Fibonacci extension level. This could be a signal for a strong growth season ahead, but before that happens, the market is likely to undergo a major correction with the goal of sucking liquidity (dominance) to around 62-65%. Besides, there will also be a purge (delete list) of trash alts that are no longer valuable.
Predictions 2024: Are There Any Differences Coming?
Phase 2019: Growth and Adjustment When BTC dominance hit 59% in mid-2019, Bitcoin peaked at around $13,800. However, Bitcoin prices then began to decline and went through a prolonged correction period. Highlights of this period include: - Sudden Price Drop: From July to November 2019, Bitcoin fell sharply from its peak of $13,800 to around $6,500. This drop was caused by factors such as negative market sentiment, skepticism about Bitcoin's ability to sustain its bullish momentum, and the emergence of negative news related to regulations and security in the industry.
Read this entire article to get a better perspective and a more accurate view of your investment portfolio. Some warnings for those who are passionate about lowcalp, small marketing to make big profits Now the end of the year is the time to purge coin trash very strictly. Old coins from 2017-2020, low liquidity, especially small calp will be eliminated a lot. I hope you guys are more careful in choosing Coin to hold, always put the risk within your control and don't put all your eggs in one basket.
1. Price drops sharply then gradually increases? Be careful with asset allocation.If you see prices falling rapidly but then slowly starting to rise again, this could be a sign of asset distribution. Large investors are gradually exiting, selling their assets while the market recovers slightly. This is the time to be cautious, avoid buying hastily because the market may turn sharply down in the near future. Wait until the trend is clearer to make a decision.
BTC Market Situation and Strategy Ahead of US Election Currently, Bitcoin Dominance (BTC dom) is at a fairly high level, showing that Bitcoin's market share in the entire cryptocurrency market is larger than that of altcoins. This means that Bitcoin's price is increasing strongly, but altcoins cannot keep up with this increase. This is a warning sign for the risk of the altcoin market, especially in a sensitive period like the current one.
Yesterday, the price of the wave was pushed up to 63400 AE. So what to do today? Yesterday's Average Short Price Is At ~~ 62300 Just out guys Today, Canh 2 Border As Pictured Long Short 2 Ends BTC As well as ALT, stop loss at red levels, if STL I will plan to continue the short trend $BTC
Day 9 Although Not As Favorable As Planned By BTC, We Had A Profit Of +19% x10 = 190% When Long Unfi Current Status: Bitcoin is trading around $60,750, showing a notable correction after recent volatility Bullish Wave Structure Broken. Let's take a look at the strategy for today and tomorrow. Day 10 Goal: - Short signal: #BTC☀ $BTC - Short Zone: $61,650 - $61,850
$UNFI is currently at $2.7455, indicating strong upside potential in the near future. Technical analysis shows: - MA 34, 89, 200 on H4 and H1 frames all crossed and retested, showing a clear uptrend. - The buy/sell position ratio is 7.8:1, showing optimism from investors. - Current funding rate is 0.0001, further supporting the recovery. Futures Proposal: Futures Signal: UNFI/USDT LONG
BTC has seen strong growth, hitting $64,487 after surpassing $62,950. Of Plan Day 8 Trading Plan Day 9 - Current Price: 65,300 USD Plan 1: Long BTC - Entry point: - Entry 1: 62,200 - 62,450 (OB block area) - Entry 2: DCA from 61,660 to 61,880 - Stop loss: 61,080 - Price target: 63,800 - 65,537 - Entry point: I have considered the current support and resistance zones. Entering orders at OB zones can bring advantages.
On October 7, when BTC hit around $62,950, there was some reaction. Currently, there is strong buying pressure. - If Price Returns To $62,950 Zone: - Close all short positions. - If Not Over $62,950: - Continue to hold short positions as previously planned. Keep a close eye on price action to make timely decisions! This is a plan that arises when the price has a higher liquidity sweep move. Wait to Buy When Price Returns to 62200 62450 as shown in the picture, the next zone may be 63750 but do not short from this zone, just wait to BUY (remember this is the plan when Price Returns to $62,950 Zone again: )
Current Status: Bitcoin is currently trading around $62,750. After reaching the long target on the 7th, Let's take a look at Day 8 Goal: Short Signal: #BTC☀ $BTC - Short Zone: $62,800 - $63,200 (Watch price action to determine best entry points) - Stop Loss: $63,819 (Set stop loss at this level to manage risk if the market continues to rise) - Take Profit: - 1nd TP: $61,200 - 2rd TP: $60,500
Welcome back to "100 Days Bitcoin/ALT Prediction"! Today Bitcoin price has not reached the suggested zone in the strategy day 6, so today we will have some small adjustments to continue following the market. We will apply a flexible trading strategy, combining both long and short to maximize opportunities from market fluctuations. Strategy 1: Long around current price
Welcome back to "100 Days of Bitcoin/ALT Predictions"! Yesterday we reached our target of $62,250 and now it's time to prepare for the next step. Right Now $BTC $62000 Short entry: $62,660 - $62,860. This is the zone where bulls may encounter strong selling pressure. Stop loss: $63,590. This is the level to hedge against risk if the price breaks the resistance. Take profit: $60,860 - $59,600 - $57,800. These levels can be reached in case the price continues to go down.
With Bitcoin price moving towards the $60,000 region yesterday, do you see this as a sign of consolidation before a bounce or is this just a short-term pullback in a long-term downtrend? Day 6 of the "100 Days Bitcoin/ALT Prediction" series Although the target for day 5 was not reached, we did not lose and continued with a more cautious strategy. ⭐Long entry: $59,680 - $60,050 (this area is quite important to determine the next trend support)
Day 5 - Bitcoin Price Zone Is Reacting, Are You Ready To Go Long? Welcome back to the “100 Day Bitcoin/ALT Prediction”! Yesterday, as predicted, Bitcoin reacted at around $60,550 and bounced to $62,400. A clear bullish signal after bottoming out. So what are your plans for today? With the price having recovered strongly from the lows, we still maintain the strategy of watching the price range of $60,580 - $61,000 to find opportunities to enter long orders. The market may be accumulating for the next price increase.
**What do you think about this price range?** Is it reasonable to buy the bottom? Leave a comment or share your plan, I would love to hear your thoughts so we can analyze together!