Bitcoin | Low Timeframe TradeIf the market breaks below the red line, I will place an order at 98.464$ as shown in the figure. This is a low timeframe trade and please do not take too much risk on it. I usually do my analysis in the high timeframe and take most of my risk there.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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BTC-D
When and Where this Bull Market Ends / BTC.D and TOTAL3 BehaviorCRYPTOCAP:BTC.D
Bitcoin Dominance and Alt Season Trigger:
The chart indicates that when Bitcoin Dominance reaches around 59%-64%, there’s a high chance of an BTC dominance market correction. This level often signals the end of a Bitcoin rally and the start of funds flowing into altcoins.
You can use this dominance level as a timing signal to anticipate the start of the next alt season.
Historical Patterns and Timelines:
Key vertical markers show important dates from past cycles, such as 2018, 2021, and projected points for 2025. These points highlight recurring patterns that can help forecast the end of the current Bitcoin rally.
TOTAL3 Index Trends Relative to BTC:
The TOTAL3 index (all altcoins excluding BTC and ETH) shows that after Bitcoin Dominance declines, TOTAL3 often experiences a sharp rise. This pattern has repeated in previous cycles, hinting at a potential similar move in the upcoming alt season.
Bitcoin Price Rallies and Corrections:
The lower chart shows Bitcoin's bullish and bearish phases, typically lasting between 450 to 550 days. This timeframe can help estimate the remaining duration of the current Bitcoin rally.
Future Predictions:
Based on the chart, Bitcoin Dominance is expected to reach critical levels again in 2025, potentially marking the start of the next major alt season. While this timeline depends on market conditions and investor behavior, it offers a general framework.
Total3 dumping, BTC crash. The untold reason.You'll hear it all over Twitter and YouTube: "The FED scared investors, and they decided to pull their money out, blah blah."
Let's be real—that's utter nonsense.
Investors had no real reason to pull money out of altcoins. Where would they move it to? The real story lies with the whales manipulating CRYPTOCAP:BTC to trap the ones who sold their CRYPTOCAP:BTC too early..
Here’s what really happened: we had a mini altseason, where many CRYPTOCAP:BTC holders took profits and shifted into altcoins. This caused a pump in CRYPTOCAP:TOTAL3 and a drop in BTC.D.
But then, to punish these moves and siphon off profits, the whales decided to crash CRYPTOCAP:BTC , conveniently using the FOMC as a cover.
If you sold CRYPTOCAP:BTC at, say, 100k and moved into riskier assets like SEED_DONKEYDAN_MARKET_CAP:FLOKI , SEED_DONKEYDAN_MARKET_CAP:BONK , or CRYPTOCAP:UNI , the whales made you lose 40%-50% of your capital by dumping CRYPTOCAP:BTC just 10%. Where did that lost value go? Straight into their pockets.
I know people who thought they were being clever, saying, "This is the peak; I'm moving to alts for x2 or x3 gains." Now they’ve lost 50% and are kicking themselves, wishing they’d never sold their $BTC.
This isn’t random. It’s not a coincidence. It’s a coordinated play to vacuum up the profits from anyone thinking they could outsmart the system.
DYOR.
BTC/USDT AnalysisBitcoin has broken down from the rising wedge pattern and retested the breakdown zone, encountering strong resistance from both the Ichimoku Cloud and the 200MA.
Key Resistance: The upper green zone is around $98,000–$99,000.
Support Zone: The horizontal black box around $92,000–$94,000 serves as immediate support.
A failure to hold above this support zone could continue the downtrend, potentially targeting the larger beige demand zone near $78,000–$80,000.
Conversely, if BTC reclaims the green resistance zone, it could invalidate the bearish outlook and push higher.
Overall, the bias remains bearish unless BTC reclaims key resistance levels.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
DYOR, NFA
@Peter_CSAdmin
ATCryptoScan: BTCUSD upside target in mid-Dec, what's next?Previously marked that BTCUSD would make a Mid-Dec 2024 top, at about 107K.
Happened 17 Dec as previously marked!
DONE and checked sweetly.
This was folllowed by an a large bearish marubozu candlestick downwards which broke back into the decision box, indicating that it would go out the other side. And it did, just yesterday, but it rebounded within the day to end off back in the box with a dragonfly doj i like candlestick... this is a bullish indication.
Thing is, technicals are bearish, including the modified VolDiv (dotted line, lower panel) which shows some weakening; and includes a MACD crossdown.
Waiting to see if the supports are going to break.
Am expecting it to break down... Previously downside target 75,000
But tendency for over estimates for downside in a bull run, so the new moderated downside target is 88,000 at the end of 2024.
BTCUSD is looking for a nice bullishs start to 2025...
Watch for it.
$TOTAL Crypto Market Cap Signals End of CorrectionCALLING IT NOW 🚨
THAT WAS THE BOTTOM OF THE DIP 💯
✅ Bounced beautifully off the 50DMA
✅ RSI is fully reset to when the Trump Pump started
✅ Volume has turned bullish to signal trend reversal
✅ The Crypto CRYPTOCAP:TOTAL Market Cap needs to stay above 3.2 - 3.3T
Some clustered days around this region will signal even more strength.
🚀 3.6 - 3.7T reclaims bullish trend.
SANTA CLAUS IS COMING TO TOWN 🎅
What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles.
Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072.
If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of $101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.
What a Daily BTC Update looks like Thank you for reading my post! I appreciate the time you have taken to stop by, please leave me a comment.
Every day for nearly 10 years, I have updated BTC in the various groups I have owned or worked for.
Follow as I post them here for the next 7 days!
BTC UPDATE 21/12/2024
BTC has shown resilience, bouncing successfully in the current region with a successful retest, indicating strong buying interest. However, we’re not out of the woods yet—the market remains cautious, and confirmation is still needed for the next bullish leg.
Key Weekly Pivot to Watch: $100,831
The weekly pivot at $100,831 is the critical level to reclaim.
A close above this pivot would signal renewed bullish momentum and confirm the bounce as more than a relief rally. There may still be one more retest in the lower region, but a more condensed corrective pattern would reflect the support as holding.
Scenarios to Prepare For
Bullish Case: Close Above $100,831
A weekly close above this pivot could open the door to:
Testing resistance zones around $105K to $108K.
Reaffirming BTC’s macro uptrend and restoring market confidence.
Bearish Case: Failure to Close Above $100,831
If BTC fails to hold or close above this region:
Expect a potential revisit to support around $95K to $94K.
Increased sell pressure could lead to deeper retracements, possibly targeting $85K as a more substantial support zone.
Key Indicators to Monitor
Watch RSI and MACD for signs of overbought or oversold conditions near key levels.
Volume: A strong breakout above $100,831 should be accompanied by increasing volume, signalling conviction from buyers.
Daily and Weekly Candle Closes: Focus on higher timeframes (daily and weekly) for confirmation of direction.
Momentum Indicators: Watch RSI and MACD for signs of overbought or oversold conditions near key levels.
EIGEN TREND CORRCTION CHANNEL (UPDATE)so in the analysis i made few days ago (or yesterday idk) on BINANCE:EIGENUSDT we we had a channel that wad broken from below and you could"ve opened your position from the channel brakeout or the grenn line i specified though to be honest channel brakeout candle was too big only time frame you could have opened postion was 15 and in my opinion it was too risky with current status of the market but with the green line it was a lot safer to open your position and even better and smaller SL if you managed to open a position on BINANCE:EIGENUSDT i would suggest to close it fully or saving your profits yeah that"s IT i would really be thankful of any of you that supports me if the support is enough i would be more productive thanks to all of you 😘
BTCUSD is holding its MA50 (1d). Bullish!Bitcoin touched the MA50 (1d) today and immediately rebounded, making a strong statement of how important of a support level that is.
The last time it hit the MA50 was on October 11th.
The pull back resembles March 20th from Bitcoin's last major rally, which rebounded and hit the 0.786 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 105000 (the 0.786 Fib).
Tips:
1. The RSI (1d) patterns of the current correction and March's are virtually identical and in fact today it hit the exact same Support leve (46.50) it had when the price rebounded on March 19th.
Please like, follow and comment!!
Notes:
Past trading plan:
BITCOIN 1month RSI showing the Bull Cycle is far from over.Bitcoin / BTCUSD has had a pull back this week but that shouldn't cloud your long term outlook.
That remains bullish and even more so on the 1month chart where the RSI turning flat is a sign that the parabolic rally has only just begun.
The 1month RSI is trading inside a Channel Down since the very first trading day and with this week's sideways turning, it remains under the 0.786 Fibonacci level.
This suggests that relative to past Cycles, we may be on a similar stage as February 2017 and January 2013.
Both took 10 months until their Cycles topped.
This shows that we can stay bullish until at least September 2025 or if the RSI hits the top of the Channel Down first.
Take all the above into consideration and start taking profits in September the latest.
Follow us, like the idea and leave a comment below!!
If bitcoin will not reclaim 100K, this will matter!#bitcoin #btc price' s dump has been proceeding as i revealed in my previous ideas. (See my prev. posts). Now, 100K is the bearish retest zone for CRYPTOCAP:BTC . if #btcusd declines at or below 100K usd, there' ll be a serious trouble. Not financial advice.
$OTHERS Alts Catching A Bid vs $BTCEveryone kicking themselves for not taking profits on Alts because they’re almost back to where they were before this whole run up when Trump won 😭
Today, Alts dumped to just 10% above their ₿itcoin pairs.
Lesson Here:
If you're gonna trade Alts, make sure to continuously take profits back into CRYPTOCAP:BTC
Good News:
the market looks to be bidding Alts > BTC rn on this dip, signaling Alt Season around the corner 💯
Notice RSI, Ascending Volume and Bullish Hammer 🚀
BTC Faces Significant Selling Pressure from Long-Term HoldersBitcoin ( CRYPTOCAP:BTC ) has faced intensified selling pressure from long-term holders (LTHs), who have offloaded approximately 1 million BTC since mid-September, contributing to its current 13% dip from its all-time high of $108,000. This marks the largest discount since the U.S. presidential election. While short-term holders (STHs) have stepped in to absorb some of this supply, demand imbalance continues to weigh heavily on Bitcoin’s price.
1. Long-Term Holders’ Selling Behavior
LTHs, defined as investors holding BTC for over 155 days, have been distributing their holdings as prices show strength. Over the past week, LTHs sold 70,000 BTC in a single day, marking the fourth-largest one-day sell-off this year, according to Glassnode data.
Their holdings have dropped from 14.2 million BTC in September to 13.2 million BTC, signaling a strategic move to realize profits during this period of heightened market volatility.
2. Short-Term Holders Absorbing Supply
STHs have accumulated 1.3 million BTC during the same period, partially offsetting LTHs' selling. However, this accumulation hasn’t been enough to sustain upward momentum, resulting in continued price weakness.
3. Market Liquidity and Exchange Activity
The circulating supply of Bitcoin stands at 19.8 million tokens, with 2.8 million BTC held on exchanges. Notably, 200,000 BTC have exited exchanges in recent months, indicating a trend of investors moving assets to cold storage.
This dwindling exchange balance could limit immediate liquidity, further impacting market dynamics.
Technical Outlook
Bitcoin is trading in a bearish zone, currently down 0.49% with a Relative Strength Index (RSI) of 42. The recent market sell-off liquidated approximately $1.4 billion, exacerbating downward pressure.
Key Levels to Watch
Support Level: If selling persists, CRYPTOCAP:BTC could dip to $85,000, a key support level aligning with the 23.6% Fibonacci retracement.
Resistance Level: For a bullish reversal, CRYPTOCAP:BTC must break through $101,000, a pivotal psychological and technical barrier that aligns with the 38.2% Fibonacci retracement.
Outlook and Implications
The ongoing selling by LTHs reflects a strategic shift, possibly influenced by macroeconomic uncertainties and profit-taking at current levels. Meanwhile, STHs’ buying activity suggests continued confidence in Bitcoin’s long-term potential.
However, the imbalance between supply and demand could lead to further short-term price volatility. Investors should closely monitor key support and resistance levels and market activity from these cohorts to anticipate the next significant price movement.
Conclusion
Bitcoin’s price trajectory remains uncertain amid significant selling pressure from LTHs. While oversold technical indicators hint at a potential rebound, the lack of sufficient demand from STHs raises concerns about sustained recovery. The next few days will be critical for Bitcoin as it navigates these pivotal price levels.
Will CRYPTOCAP:BTC bounce back like it has in past corrections, or is a deeper dip on the horizon? Only time will tell. Stay tuned for further updates!
good position for buyhello friends
This currency gave us a good correction considering the growth it has had and the money it has received.
Now, step by step on this point and in case of correction, it is worth buying more than the goals we specified for you.
{Note that it is better to make your purchases step by step...}
Be successful and profitable
HolderStat | BTC bulls leaving the ship?Over the last 3 days, $2.5 billion has been liquidated in the futures market, 83% of which is longs. The BTC price dropped to $96,613 (-4.6% for the week), the fear index dropped 7 points, and outflows from spot ETFs totaled an impressive $680 million.
❌ Is this a signal? No, it's a pattern. Corrections like this “drop off the tourists,” opening up new opportunities for those who know how to act strategically.
Even El Salvador did not flinch under IMF pressure and bought 11 BTC. Their wallet is usually replenished by 1 BTC per day - something is clearly brewing. What have you done?
💡 What to do?
1️⃣ Analyze key support levels.
2️⃣ Watch liquidity: BTC dominance remains high (59%), which confirms interest in the asset.
3️⃣ Evaluate trading volumes on pullbacks.
⚡️ Correction is not a time for panic, but a moment for cold-blooded analysis and precise actions.
_____________________
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Always DYOR! 🔬
BTCUSD - Missed TP ? that's okay history says 140KI followed too blindly this fractal that went almost perfect but was waiting 120k to take partial profits and missed a 30% opportunity,
I'll know take profits more often by moving from risky alts to BTC or other assets resistant to drawdown
the middle line of the channel BTC is evolving seems to support very well and I'm gonna assume the correction is already over, you can still expect to see another dip to 86k tho (but I dont believe this)
my simple trade idea : green is path of 4 years ago, blue is path of last year
first TP will be at 120k & 144K see you in 3 weeks
not financial advice
cheers
Bitcoin - Broader Structure and The $32K Breakdown TargetLast time, I posted an idea about Bitcoin's shorter term structure. I was scaling into a short position, and ultimately decided to close when I noticed strong support continuing to hold. This ended up being a good move, since price pushed higher towards $108k. There's a lot of resistance here in the low $100K range. While a notable milestone, it's a hefty price. More and more, Bitcoin is being seen as a tool for exploitation and wealth concentration for the wealthy, rather than something for the masses. Although good for price, this is not in keeping with the original intention behind the technology, or so we are led to believe.
I tend to generally post short ideas now because I do not support buying Bitcoin, which serves only to enrichen a select few, and no longer benefits the little guy. Sure, it could benefit ME in the future, but that feeds further into greed and selfishness, which are the human flaws at the root of many market inequities, fallacies, and injustices. For more on why I changed my perspective on crypto, there are tons of ideas I've posted over the years to pull from. It essentially boils down to this: When I was young and naive, I believed crypto could be an escape from the established financial system. In many ways it is, if you like gambling on memes and adrenaline coursing through your veins. But on a broader level, it's been co-opted by the same forces that control our traditional markets, institutions, and to an extent, our wellbeing. More and more, crypto seems to fit into a neo-feudalist dystopia, rather than a free-flowing renaissance utopia.
Earlier this year, I closed my original short positions when it seemed likely for Bitcoin to surpass its previous all time high. Now that price has hit a major milestone, altcoins have gone up 500-1000%, and gloating is abounds, it's time for me to re-enter my short. Now, I'm not looking to profit massively from this. It's a small position. But, I am of the belief that there is a non-negligible probability that Bitcoin will enter a longer term bearish trend. Whether it's now or at $160k, who knows?
If this trendline can break decisively (it's held very well so far, even when price drops below), the next stop seems to be around $89k.
From there, a bounce would be bullish. My green arrow shows the possibility of rally resumption if that level holds as strong support. On the bearish side, the previous all-time high is the next major level, followed by $32k if the entire support structure falls apart.
Markets are starting to wake up and understand that inflation isn't going away quickly, and monetary policy won't be as easy as it was. A lot of fluff needs to get weeded out. Unfortunately, crypto doesn't have much SUBSTANCE to it (meaning goods, resources, and services) attached to it.
As always this is meant for speculation and entertainment only! Thanks for reading.
-Victor Cobra
Is the Top In? Bitcoin's Diminishing ReturnsMany of us have seen the Bitcoin Rainbow chart before. Right now, it implies that there is still room for another leg higher. According to Blockchain Center's 2023 chart , the 'Is this a bubble?' price range is around $111,914 to $143,429.
However, we also see the highs diminish over time. The first peak is outside of 'Maximum Bubble Territory,' the second reaching the same area, and the third hitting 'Sell. Seriously, SELL.'
While this pattern suggests BTC may only reach 'Is this a bubble?' or 'FOMO intensifies' this cycle, there's another pattern that indicates 'HODL' might be as far as it goes.
In the logarithmic chart above, we can see that BTC's price follows a pattern of diminishing returns. It has moved from low to high as follows (rounded):
1. 2010/2011: 0.01 to 31.91 = 3,191x
2. 2011/2013: 1.99 to 1,242 = 624x
3. 2015/2017: 162 to 19,785 = 122x
4. 2018/2021: 3,125 to 68,977 = 22x
5. 2022/2024: 15,479 to 108,367 = 7x
That means the multipliers from low to high have decreased with the following factors:
624.12 ÷ 3,191 ≈ 0.1957 (a 5.10x factor decrease)
122.09 ÷ 624.12 ≈ 0.1955 (a 5.11x factor decrease)
22.07 ÷ 122.09 ≈ 0.1809 (a 5.52x factor decrease)
7.00 ÷ 22.07 ≈ 0.3170 (a 3.15x factor decrease)
The most recent bullish run appears to be an outlier; if there'd been a 5.52x factor decrease from 22.07, that would've meant a rough 4x (22.07 ÷ 5.52) from the low, or a peak of 61,916.
There are multiple ways to interpret this pattern, and why it may or may not be holding this time around:
On the bullish side:
It's 'different' this cycle
A pro-crypto Trump administration/SEC chair shifts fundamentals
Growing legitimisation of BTC in institutional and regulatory circles
More funds flowing in via BTC ETFs
Currency debasement means more demand for BTC
The Rainbow chart indicates there's more room to grow
The halving pattern is still playing out
Search interest is below previous peaks on Google Trends , implying more potential interest
On the bearish side:
The culmination of bullish fundamental factors has overextended the pattern (much like how RSI can show an asset overbought for a long time before an eventual correction)
A risk-on year for assets more broadly has dragged BTC up with it, taking it past the established pattern
A larger market cap makes it harder to continue expanding exponentially as the market matures. BTC's market cap is $1.8t right now.
There is diminishing marginal demand—those already interested in BTC have bought in, reducing the pool of potential buyers
The Fear and Greed index has already reached levels see in previous peaks, like 2021
The feverishness surrounding meme coins is reminiscent of previous bubbles, like the ICO bubble and Dotcom bubble
Discussion
I think there are strong arguments to be made on both sides.
On one hand, it's true that it really might be different this time around. There's certainly more institutional adoption and regulatory clarity than ever before, with Trump even talking about a strategic Bitcoin reserve. There weren't Bitcoin ETFs in previous cycles, and the halving pattern suggests a peak usually around 1-1.5 years later; it's only been 8 months since the halving in April.
While the dollar will likely get stronger under Trump (potentially weakening BTC), there is the argument that weakening purchasing power in many countries is driving entities towards 'hard' assets, like gold, silver, and Bitcoin.
Then there is the room for more retail investors to participate, given search results for ' Bitcoin ' and ' buy Bitcoin ' are lower than previous highs (though I will note that 2021 was also lower than 2017). Lastly, while the Rainbow chart does show diminishing peaks, it does suggest we could still hit 'Is this a bubble?' or higher.
On the other hand, this recent run to $100k+ was mostly fueled by Trump's election win and his backing of crypto-friendly Paul Atkins for SEC chair. BTC jumped from around $69k on the day of the election—a bit above the top projected by the factor decrease pattern—and Trump's win may have temporarily distorted the pattern.
It is also possible that the market is reaching maturity. Assuming that BTC will move to $250k in 2025 as some predict, its market cap would be around $4.9t. That would put it above Apple's market cap of $3.775t but still decently below gold's $17.6t .
However, there's a reason gold is the most valuable asset in the world by market cap: it has historical, cultural, and social significance. Its durability and lustre meant it was used to decorate temples in ancient times and as a symbol of divinity. Over time, that led to it being valued as currency in ancient empires and eventually backing the dollar.
In contrast, Bitcoin is relatively young; while feasible that it could eventually overtake gold and still remarkable that it's achieved such a large market cap in around 15 years, it does beg the question if $250k would be too far, too soon. After all, central banks are hoarding gold right now, not Bitcoin.
This ties in with the reducing marginal demand for BTC. Those who already believe in its potential have bought in; while the number of participants is likely to go up over time, there don't seem to be many catalysts for many more to join in the near-term (besides rumours of a strategic BTC reserve).
2017 was the first time BTC really went mainstream. Alongside relatively low interest rates and a weak dollar, FOMO drove the rally; BTC jumped more than 20x that year. 2021 was similar; cheap money, pandemic boredom, a broader awareness of crypto, and FOMO, pushed BTC to new ATHs.
Looking ahead to 2025, there appear to be more bearish catalysts than bullish. Most notable is a Fed worried about inflation and whether it's appropriate to pause easing of rate cuts ( Deutsche Bank expects no cuts in 2025 , which while a bit extreme, is indication of the current state of affairs). At the time of writing, that's already pushed BTC down to GETTEX:92K from $108k.
There is a US stock market that has risen over 60% since the start of 2023, compared to an average annual return of around 10-11% since 1980. There's also the promise of inflationary tariffs, discretionary spending cuts, rising yields, etc. all of which are the opposite of bullish signals.
Combined with the Fear and Greed index hitting 94 in November (just under the 95 peak in early 2021, late 2021 saw peaks of 74) and extraordinary runup in memecoins recently—Fartcoin is worth $1.25 billion right now, up from $40 million at the end of October—the vibes are feeling a bit toppy.
Conclusion
In my opinion and on the balance of probabilities, the combination of the currently-overextended diminishing returns pattern and the fundamental factors described skews Bitcoin bearish from here.
There are certainly many counter-arguments to be made and I respect the fact that markets can stay irrational for a long, long time and I could be completely wrong (along with the fact I have my own biases). But, I do think it's at least difficult for me to be bullish or buy into Bitcoin here. The risk-reward isn't great; maybe a 2x is achievable, and that also possibly explains a lack of further retail interest and the pump in meme coins recently.
As an aside, it's interesting that this pattern would theoretically continue to produce diminishing returns until
the multiplier eventually reaches near-zero. I don't think that would be how it works in reality, but it does indicate that Bitcoin could reach a ceiling as cycles continue. Does that imply the pattern has to break at some point, or that there is a true 'natural' high for BTC?
I'd be interested to hear your thoughts. Thanks for reading.
Disclaimer:
This content is for informational purposes only and should not be considered financial, investment, or trading advice. The author is not responsible for any financial losses incurred based on this information. The opinions expressed are solely those of the author and are based on current data and analysis, which may not be accurate or complete. Always conduct your own research.
ZEN/USDT- Bullish Breakout Targets ATHDescription:
Breakout Confirmation:- Horizen (ZEN) has successfully broken out of its long-term downtrend, supported by significant volume.
Retest Success:- The $15.50 zone has flipped from resistance to support, reinforcing the bullish case.
Potential Target:- Based on historical price action, the next major resistance is at the all-time high of $170.95, a potential 1,025% upside.
Strategy:-
Entry:- On a pullback to $15.50–$18.00.
Stop Loss:- Below $14.00 to manage risk.
Targets:- Short-term: $36.50, Medium-term: $85.00, Long-term: $170.95.
Risk Management:- Use proper position sizing and adjust stops to break even once the price moves significantly in your favor.