BTC - Dip Buy Could Be Coming As Fear Abounds

30 בדצמ׳ 2024

Very bearish content is now circulating here, YouTube Twitter etc

So my technical perspective is currently in the bullish end of the spectrum except for crypto fanboys that always post bullish.

But there is significant danger because both Nasdaq + S&P + Dow Jones and TOTAL have hit significant long term 1.618 ratios.

TOTAL:


Nasdaq Futures:


S&P Futures:


Dow Jones Futures:


On BTC chart, the 1:0.618 Golden Window should be the most likely reversal ratio in this area because that would show strength in the overall trend.

And there will be high liquidity below support @91.2K.

That said there will also be higher liquidity below support @ 85K.

But that lower support is far less defined and whipsaw is the market maker thumbprint.

Significant reversals are more likely just beyond price points that have previously seen high volatility whipsaw.

And so the most likely reversal point in terms of ratio and liquidity is below support and down into the Golden Window (90.4K - 88K).

But if stock indexes collapse then that can be the cause to pull Bitcoin down further.

Its certainly complex.

But in the end Bitcoin will see 174K 🧐.

This will be my last content of the year.

Have a great NYE 🎆

Not advice

30 בדצמ׳ 2024

הערה

If you like my content and would like to see more of it then a BOOST is a good way to communicate this and gets my thread higher in the TradingView listings.

The more BOOSTS I receive then the more it shows me that there is interest and thus I am more likely to make content.

If you don't have time to BOOST then I will be less likely to contribute to free content websites such as TradingView.

Thanks for the support 👍🏻.

31 בדצמ׳ 2024

עסקה פעילה

One more post for the year as it is quite an important one relative to this area.

It looks good odds that a significant pivot has now printed.

And so there is a decent chance that this bounce is the beginning of the next high time frame wave up.

The recent pivot low didn't hit below "5 December Support" where there would be highest liquidity...

But it has tapped below the support low of this downtrend.

In doing so it has printed a slightly lower low which is a Wyckoff move where SC Selling Climax forms support and ST Secondary Test forms the slightly lower low to tap into higher liquidity, trigger stop losses etc to then pivot into the next uptrend.

The pivot low completes an equidistant 3 wave 1:1 correction, where the third wave only just exceeds the 1.13 overshoot ratio and is a common reversal point for a high volatility chart.

A 3 wave correction complete with a tidy fib catch increases the probability that the next major wave up has begun.

We may see some volatility as the year changes but this is looking good to get moving on up and perhaps we'll see a big bullish move as we step into 2025 ✨.

2 בינו׳

הערה

Bitcoin is still corrective but many altcoins are breaking out here with the strongest coins pumping yet again - ADA, XRP, XLM, ALGO, THETA.

Bitcoin is pushing up against the trendline of a bullish descending wedge here.

In the immediate short term it is printing a bull trap shakeout though the trendline.

But if it can push on through the wedge then the party may really get going ✨.

2 בינו׳

הערה

Top tier coin; Cardano has been a great dip buy in this area.

Now moving on up very well 🚀.

3 בינו׳

הערה

Bitcoin moving up nicely after breaking through the wedge trendline - as predicted.

So many content providers were calling this area as bearish with devastating predictions (with scary thumbnails on youtube 😅) that would have been a washout for altcoins if they had actually happened...

But as predicted Bitcoin held firm and all things crypto are now moving on up 👍🏻.



I've given a lot of content to TradingView of late and plenty has been of high accuracy.

But I'm going to take a break from posting here for a while...

Though I may pop in for an occasional update here and there.

Its part of what I do these days.

And no doubt I'll be back again sometime down the road...

I do appreciate the uptick of likes and so thanks to those of you that do like my pages; it does help in getting my content more views.

Good luck in your trades ✨👋🏻

7 בינו׳

הערה

Big pop to 102K!



There's still lots of deep altcoins btw.

I'll be posting some of my favourites here after they breakout ✨🚀.

7 בינו׳

הערה

Up at the 0.618 Golden Window is the first major ratio band where there might be a pull back / correction btw.

No real sign of it yet but if it is going to happen then it might be in this area.

Anyhow this thread is complete in the outlined task.

I called the low - done 👍🏻.

7 בינו׳

הערה

And just like that; down we go ⬇️😅



Thats the power of ratio ❕

And its ratio that will likely be vital to success in the business end of the market cycle 💭.

Those that are "willy nilly" trading will likely have less success in that area.

...

As Bitcoin corrects there may be an opportunity to make another leveraged trade.

But I gave the last one on recent previous thread so the next one I may not post on TradingView.

...

Ok, so I'm really done here for now but I'll be back at some point down the road 👋🏻.

Thanks again for the support on my recent threads - it is appreciated 👍🏻.

Adios ❕