- I know more about bitcoin than anyone else, and I am telling you that this bear market rally will be huge! But at the end, it can be destructive.
- Bitcoin is absolutely prepared for an exponential pump to 38,981 USDT! In this analysis, I will tell you why, so keep reading, you don’t want to miss it!
- First of all, a major impulse Elliott Wave has been completed (69,000 -> 15,476), and people are calling for 13K , 10K, and 6K. I think it’s definitely possible to reach these low levels, but first we should have a bullish ABC retracement (correction), and I was looking for an optimal retracement level, which is the 38,981 level.
- Why 38,981? It’s the 0.618 FIB retracement of the major impulse wave + the last GAP that needs to be filled + the previous consolidation structure’s POC. This is the strongest level, and it’s the open gate to a new all-time high.
- Unfortunately, this is going to be a bear market rally, and after we hit 39k , we could continue in the bear market and fall down to 6k–10k to complete this bear market.
- If you want Bitcoin to grow exponentially, hit the like right now!
- The volatility index on BTC is at an all-time low, which suggests an exponential move is likely. I think the move is going to be to the upside because there is not enough fuel to go down. The falling wedge is a huge barricade, and the bears don’t want to go against it. So for the bears, it’s better to transform into bulls and ride the bear market rally!
- Have you seen that huge green dildo on Solana? It’s an indication of a trend reversal not only for this coin but for the whole crypto market.
- What’s more, if we take a look at the RSI indicator on the weekly chart, we can spot a bullish divergence , which is a very strong indication, especially in the crypto market. All markets move differently, and the crypto market follows the RSI and the Elliott Wave theory much more than others.
- Anyone who tells you that his strategy or bot works on all types of markets, such as forex, stocks, crypto, and commodities , is most likely lying to you. A bot that is profitable on forex is absolutely not profitable on crypto.
- I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing.
- A 131% pump from the current price is likely, and it’s time to fill your bags with altcoins if you trade on the spot market. Otherwise, you can open a leveraged position on bitcoin on the futures market. Personally, I am a futures , options, and spot trader. I want to take advantage of all of these products.
- Look at my extremely important idea about “Bitcoin: All of the Reasons Why the Bottom is Near (in)” from November 13, 2022 in the related section down below; you must see it!
- Thank you, and for more ideas, hit “Like” and “Follow”!
