Looks Like A Shakeout, Too Strong! (Bearish & Bullish)

vor 3 Tagen

This current move we are witnessing on BTCUSDT trading pair has the smell of a shakeout, it is just happening too fast and too strong. But, let us consider all the signals before reaching any conclusions.

➖ We have a lower high 7-Jan., when we compare to the peak 17-Dec. This is a bearish signal.

➖ Trading volume is relatively high. It is the highest since the previous drop. The volume is red, which is also a bearish signal.

➖ $430,000,000 Total liquidated in the last 24 hours.

➖ Both the lower high and high bearish momentum points toward lower prices. There is very strong support around $90,000 and $92,000. Bitcoin is ultra-bullish above these levels, market conditions remain the same.

While we have some bearish action today and this action is very strong, this can end up being just a shakeout. After the over-leveraged trades are liquidated, the market can resume with its growth.

This is all part of the consolidation period, the sideways action.

Nothing changes, Bitcoin is going up!

Namaste.

vor 3 Tagen

Anmerkung

Very likely that this shakeout move will end up producing a new higher low, which would translate into a bullish signal. This is just speculation so far as the lower high is bearish but we know there is consolidation required before a major bullish wave.

We are also aware of the Mars retrograde that started 7-Dec. and Bitcoin slowed down to a halt. Sideways is needed until the end of the retrograde or close. Mars goes direct again on the 23rd of February 2025. At this point, the entire market will produce an immense rise.

This time is a huge opportunity to buy and accumulate your favorite Altcoins before the major 2025 bull-market bull-run. See the ETCUSDT trade idea for more information. We only have 1-3 months of straight up on some pairs. Other pairs have been growing for months and will grow 12 months straight. These are the exception not the norm. Once everything starts happening, it will be really fast. The market is giving you one last chance to buy-up and position yourself.

Thank you for reading.

Remember to boost, comment and follow.

Namaste.

vor 3 Tagen

Anmerkung

In 2022 Bitcoin underwent a bear-market. From November 2021 through November 2022.
2023 started with some bullish action and a recovery above $20,000. After this recovery, there was a very long consolidation phase lasting 7 months. This is post-bear-market year.

In 2024 we started with strong bullish action and new All-Time High. After this happened, Bitcoin went through another consolidation phase but this time lasting 5 months. This is pre-bullish market year.

In 2025, Bitcoin is hitting new All-Time Highs and now ready to consolidate again. Remember those people that were saying Bitcoin would never hit a new ATH until 2027? You asked my opinion and I told that Bitcoin was going to be really strong in 2025, the strongest ever. And this is true now, see how much bullish action we had in late 2024.

Now in 2025, the consolidation will be shorter than in 2024 and 2023. This time, very likely 3 months. That is December 2024 and January and February 2025. And then Boom! Massive growth.

All retraces and corrections are buy opportunity, on Bitcoin and the Altcoins.
Remember this.

Thanks for your support.

Namaste.

vor 3 Tagen

Anmerkung

Here you have all the most important support levels based on the short-term:


1) $95,822 is a strong support. Notice how the drop stopped above this level.

2) Then we have $94,559 & $93,939 followed $91,540 and $90,800,

I believe it will recover.

The main resistance super-short-term is set at $97,510. Bullish right away back above this level. If Bitcoin moves above it in a matter of days, this current drop becomes a confirmed shakeout.

You can find more levels on the chart.

Namaste.

vor 3 Tagen

Anmerkung

I will share another update in less than two hours and when the day closes so make sure to check back.
We will update based on the 4H candle and the daily. We will track the short-term moves.

Thanks a lot for your support.

vor 3 Tagen

Anmerkung

Here is the 1H chart, it is already looking good. We can early-say that a whale took profits, nothing more.


Either a whale took profits or a shakeout. Both end in additional bullish action.


A bearish impulse would lead to lower prices but it is too early to say as the move started just today. We would need more time to know with a greater degree of accuracy.

vor 3 Tagen

Anmerkung

The day closed red. A very strong bearish candle but not all is lost.


While the day was strongly bearish, the close happened above the 0.618 Fib. retracement level for the move between 30-Dec. and 7-Jan.

The following day, today (8-Jan.), will work either as confirmation or negation. Let me explain.

➖ If the daily candle moves lower and breaks support, on this case 95,800, the bears are winning and a lower low becomes possible compared to 30-Dec.

➖ If the daily candle recovers and moves above immediate resistance, closing green, yesterday's move (7-Jan.) can be considered a shakeout or a single whale taking profit. This means that no additional bearish action is likely.

These are the main two scenarios. So this day is the confirmation day.

Namaste.

vor 3 Tagen

Trade ist aktiv

I just published a new update detailing the bearish bias and potential. So far, nothing changes and the daily close today is needed to confirm if we will have a bearish impulse or a rejection (bullish reversal).

The way the day started, red, can be quite negative but nothing is certain until the day closes. It is possible that the first half of the week is red and the second half green. It is possible that Bitcoin does several days red and later turns green. It is still too early so we wait for the chart and market to give confirmation.

The lower high is a confirmed bearish signal though. The lower boundary of the sideways trading range can be tested but this is only depending on how's the close today. The bears are losing momentum. It isn't likely to go much lower.

Namaste.

vor 3 Tagen

Anmerkung

My personal opinion is that Bitcoin will recover. What you read above is an analysis of the chart. The short-term bias has turned bearish but short-term means that it can change really quickly, fast. One or two days, or even three or four days is really nothing when we consider the bigger picture. The market never moves in a straight line. It is normal to see fluctuations as prices move either down or up. It is normal and we are bullish. Bitcoin is bullish, for sure.

Thanks a lot for your support.

vor 3 Tagen

Anmerkung

When we consider the bigger picture, long-term/weekly timeframe, the current action is negligible. Nothing has changed basically and Bitcoin remains ultra-hyper-bullish. Only when we focus on the short-term, aka. noise, can we say something is going on. When we zoom-out, nothing is happening; Bitcoin will continue to grow. Allow time for the market to unravel, it is normal for prices to swing.

Have a nice and deep sleep.
Peace. Rest.

Patience is key.

vorgestern

Trade geschlossen: Ziel wurde erreicht

Looks like this is it! We have the higher low. Notice the 1H candle has a long lower wick (early-signal). The wick low happened at 92500. 660M liquidations. We wait for the daily close but I think we will get confirmation in a matter of hours.

vorgestern

Anmerkung

Some Altcoins are already bouncing really strong, this is another bullish early-signal. Some are up 100% while many are already up 20-30%. If Bitcoin was set to continue lower, these Altcoins would be crashing hard. The fact that a strong bounce is happening and bullish breakout, means that the retrace is over. So far it's been only two days. Yesterday and today.

vorgestern

Anmerkung

A shakeout such as this one can feel major in the moment but only because we are looking at from very close. When we step a little further back, we again notice the action happening safely above $90,000, the weekly timeframe structure still intact, the sideways range still intact and Bitcoin ultra-bullish. As soon as the market turns green, these two days of bearish action will be forgotten as noise, a non-event. Good, good, good, good. It is good that we are here and can see clearly. Bitcoin is going up! Patience is key. Thank you for reading. Remember to boost and follow.

Thanks a lot for your support.

Namaste.

vorgestern

Anmerkung

It is all very simple. The lower support of the trading range is tested, then the action moves to the upper resistance. From resistance back to support, from support back to resistance; that's sideways.



Bitcoin is moving back up!

Very easy. Time to go LONG!