Jacob Endito JBqC

$BTC



Last chance before 5-November Uranus in Taurus Super Full Moon!

My dear reader, how are you feeling in this wonderful day?

Mars just entered Sagittarius and Uranus is moving into Taurus as the moon becomes super full tomorrow, the 5th of November.

I cannot go into many details about what these astrological events signify for this market but what you are seeing today, has the signature of Mars and Uranus at work. Mars is the planet of action, Uranus is all about surprises, it can shake everything up. Taurus is always related to finance so... Bitcoin is trading within the opportunity buy-zone. This is the last call.

Just as everything can turn incredibly volatile in a single day; think what can happen when Bitcoin matches the action we are seeing on the altcoins market; expect the unexpected—Crypto is here to stay.

Focus on the altcoins once more. Yes, Bitcoin will recover and will grow really strong but the true opportunity for retail, for us—outsiders—lies in the altcoins. There is no more waiting time. If you choose the right pair, the right project, you can enjoy massive growth in a matter of weeks, not even months.

Market conditions will continue to improve. Focus on the altcoins.

Thanks a lot for your continued support.

Thank you for reading.

Namaste.

$BTC



This analysis focuses on the BTC/USD pair in the Daily Timeframe. This trading idea suggests a potential Long Position (Buy) based primarily on the formation of the Broadening Wedge chart pattern (also known as the Megaphone Pattern).

Technical Analysis Based on Broadening Wedge Pattern: The chart shows the formation of a pattern characterized by Lower Lows (green arrows) and Lower Highs (red arrows) sloping downwards, but the distance between them is widening, not narrowing. This is a variant of the Broadening Wedge pattern that slopes down, often classified as a bearish continuation pattern or a highly aggressive bullish reversal pattern when the price nears the lower boundary. In this context, with the price bouncing off the lower boundary, the pattern is interpreted as a potential bullish reversal.

Entry: The Long signal is based on two scenarios: Taking a position when the price touches the dynamic support of the lower wedge boundary (seen around the $96,000 - $100,000 level), where the latest bounce is occurring.

Take Profit (TP): The profit target has been precisely set at $129,000. This level is a resistance projection formed by the extension of the broader Broadening Wedge's upper trendline, indicating a potential rise of 29.07% from the current price. This level also serves as a test point to determine whether the price can break through and continue the long-term bullish uptrend or will retest that resistance.

Timeframe: This analysis is based on the Daily chart. The movement towards the target is projected to take about 57 days (57 bars), with the estimated time of target achievement around December 31, 2025. This suggests that this trading idea falls into the Medium-Term Swing Trade category.

Stop Loss (SL): To limit risk, the Stop Loss (SL) should be placed below the lower boundary of the Broadening Wedge pattern, which is considered crucial support. A safe SL placement is around the psychological level of $90,000 - $85,000 to invalidate the entire bullish idea if the wedge pattern is definitively broken downwards, signaling a deeper continuation of the bearish trend.

The current interpretation is a potential bullish reversal from the lower boundary of the pattern. Further confirmation will come from price action that manages to create a Higher Low on the retest of the dynamic support area, and strong buying volume upon a breakout from the upper trendline, validating the $129,000 target as a realistic Take Profit.

** Disclaimer: This analysis is part of a trading plan and does not constitute investment advice. Always use strict risk management and consider the potential for loss in every trading decision.**