BitcoinShort
Bitcoin Prepares For Mysterious SD-/SSD-Wave
Updated
Bitcoin is about to experience what is called an SD-Wave or an SSD-Wave. What determines the nomenclature is the size and magnitude of the wave... Let me explain.
➖ If the next move starts, builds up speed, goes fast but maxes out at around 20-30% down; this would be called an SD-Wave or Super-Down-Wave.
➖ The next option is what analysts called the SSD-Wave and it is something you don't actually want to experience. If the major move goes fast enough and surpasses 40% reaching to the point of 50% then it definitely qualifies as a Surprise-Super-Down-Wave (SSD-Wave).
👉 To be honest, I think we are in for the SSD version because the chart is saying so.
Do you agree with this market analysis?
If yes, leave a comment saying so.
If you do not agree, look at the declining volume in the past four months and look at the market dynamics as a whole and then comeback, you will be surprised to find out that I am right and you are wrong.
Namaste.
➖ If the next move starts, builds up speed, goes fast but maxes out at around 20-30% down; this would be called an SD-Wave or Super-Down-Wave.
➖ The next option is what analysts called the SSD-Wave and it is something you don't actually want to experience. If the major move goes fast enough and surpasses 40% reaching to the point of 50% then it definitely qualifies as a Surprise-Super-Down-Wave (SSD-Wave).
👉 To be honest, I think we are in for the SSD version because the chart is saying so.
Do you agree with this market analysis?
If yes, leave a comment saying so.
If you do not agree, look at the declining volume in the past four months and look at the market dynamics as a whole and then comeback, you will be surprised to find out that I am right and you are wrong.
Namaste.
Note
I am back my dear friends and now going fully into the Cryptocurrency market.I am starting to read the charts and see what data stands out, what comes up and what needs to be called to your attention.
My intention in sharing this information is to help you make better decisions; informed decisions.
The goal is that you can either make more money or protect your current capital. The intentions are positive and pure even if something doesn't go as expected.
Ok... Let's get started.
I've been looking at some of the altcoins on the tether side (USDT). Many of these are highly correlated with Bitcoin, they move in identical ways with only the size of the waves being different. Some small variations happen with the dates. This paragraphs applies only to a portion of the market and these we are going to call the "highly correlated ones."
Now, these altcoins, major real projects, that peaked together with Bitcoin in March 2024 are already trading at the same level they were trading back in January 2024. This is not the case with Bitcoin; what one does, the rest follows.
You know how in the past we would predict with a high level of accuracy where the market was headed by looking at those that moved first; this is the situation we have here.
In the bearish wave process, the correction, many already moved first and these are much lower compared to Bitcoin.
I shared two charts, CHR and PYTH where this situation can be corroborated.
(see my profile)
This analysis works in support of my thesis.
We have new data pointing to the same conclusion we reached previously, thus strengthening our market perspective.
I will continue to look at the charts...
I will be looking at hundreds of charts, literally and share with you everything that I see and belief can be useful to your trading, for learning or simply for entertainment.
I would like to thank you for reading.
It is my greatest pleasure to write for you today.
This is Alan Santana.
Namaste.
Note
Now... Something changed... What changed?Some major Cryptocurrency news outlets suddenly became very, very bullish; why?
Market conditions remain the same.
➖ Bitcoin has been in distribution; sideways, producing lower highs for more than three months.
1-July closed bearish (upper-wick on the session).
2-July closed red (full red candle).
3-July starts full red with bearish momentum growing...
The news outlets became extremely bullish, suddenly... This is a market signal.
What to make of this information?
Why would these media outlets become so bullish talking about new All-Time Highs and hundreds of percentages of points of growth, now; why?
If the market started to move up...
If there were some positive news... We would give them the benefit of the doubt but, the market turned red and there hasn't been any bullish action since early June; more than a month ago.
We are going to take this as a bearish signal based on the fact that there is no reason for such bullishness.
Yes! Anything can happen always and everything is possible but to make such a strong switch, we need something to support the claims.
➖ Bitcoin continues trading below 72K.
As long as Bitcoin trades daily, weekly and monthly below 70K, there is no reason to be ultra-bullish.
➖ If Bitcoin moves above $70,000; I will be the first one to start calling for $600,000,000 next... But this isn't the case right now.
We continue bearish until the chart changes.
The fact that these people are going ultra-bullish while the market is saying something else, is a warning signal that something odd is on the way.
We don't have to guess... We never saw any news outlet being very insistent in a bullish buy when Bitcoin was trading at 16K. But be bullish now, before the major crash takes place.
Watch-out.
This is not financial advice.
This is a friendly reminder to stay alert.
The more hype and propaganda that is pushed down our throats, the more reason to be alert because the good opportunities are hard to spot. They don't make them front page news, they hide them at the bottom.
We are at the bottom now... But soon we will be back at the top.
Namaste.
Note
Altcoins & Bitcoin➖ Some altcoins move contrary to Bitcoin; when Bitcoin grows, they drop. When Bitcoin drops, they grow. These can be green within this correction based on the fact that we are expecting a bull-market afterward —100%.
➖ Some altcoins have a positive correlation with Bitcoin. Bitcoin drops, these altcoins drop.
➖ Some altcoins move together with Bitcoin but faster; that is, Bitcoin drops and these altcoins drop as well but much faster. These altcoins can be trading very low or near support already. These can grow while Bitcoin drops.
Since we are sitting/standing/meditating/being/living/trading just before a major bull-market, money that flows out of Bitcoin and Ethereum will flow to other sections of the market.
When the king and queen drops, the smaller ones grow.
I hope this clear any and all confusion related to Bitcoin and the Altcoins.
Thanks a lot for your continued support.
Namaste.
Note
There is no contraction when a chart is shown as bullish while another is shown as bearish. Any such comments are a reflection of ignorance... Let me explain.➖ Each chart is different.
➖ Each pair has its own life and cycle; What one does, the other one doesn't necessarily follow.
With tens of thousands of altcoins and hundreds of thousands of trading pairs, it is normal to see some grow/move up, while others correct.
You cannot expect to know what XRP will do by looking at the BTC chart.
You cannot expect TRX to move the same way as BTC, because they are not one.
Each chart is different...
Each market can detach at anytime and move in its own particular way.
➖ If you generalize too much, you are bound to make mistakes.
➖ If you are confused about such basics, make sure to step out and study before you trade.
Trading without basic knowledge can lead to big losses... You've been warned.
Once you understand basic market dynamics, feel free to jump in.
👉 If you do not understand and/or lack experience, then trust what I share; trust what you read.
Namaste.
Note
Bitcoin just hit the lowest price since 1st May... If the 56K low breaks, 50/52K is next... The weekly timeframe is very important.There is potential for much lower... Prepare!
Note
Please support/visit the other trade-ideas as this one is somehow misbehaving... I don't know what I did wrong but it seems I am in being put in the same group as the bots, trolls and spammers... Incredible.Note
Target range for the current move sits between $34,900 - $42,855.Please keep this in mind... It means that there is still plenty of room for Bitcoin to move lower.
The move is only starting and patience is needed to see it develop.
Think of this; we use the weekly timeframe for big size movements. The weekly session has two more days before closing. This week would be the weakest session in years. Volume is still low. Low volume at this point is an indication that the major portion of the bearish move is yet to come.
There are still tens of billions of dollars worth of Bitcoin waiting to be sold. This can have a huge effect on Bitcoins price.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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