BTC/USD Local Work - 44,700 until January 17. Triangle 17%

已更新
Time frame 1 day. Until January 15 (the key date mentioned earlier) there will again be pumping of info space and opinion on the acceptance / non-acceptance of the spot ETF by the US Securities Commission (SEC). Hence, the next round of "hunger games" will be opened after the New Year on January 5-6.


Line chart.

快照


On bitcoin, under the resistance zone of 44,700 (key and symbolic) an ascending (bullish) triangle is forming at the moment. It is worth noting that above this resistance accumulates a huge liquidity from stop-loss shorts, which can serve as "fuel" for the impulse (breakout of it). This triangle is forming near the resistance of the large ascending channel (percentages shown). Local percentages taking into account this formation and key support/resistance levels are shown.


The ascending channel and this local trading situation in it. (part)

BTC/USD Local trend 11/19/2023
BTC/USD Local trend 11/19/2023




Altcoins and the $44,700 breakout.

If this liquidity is removed and the 17% triangle works its way up (even with a false breakout to channel resistance) - ALTCOINS EXPLODE in the moment and "overtake the market". Especially the low and medium liquid ones (which are swinging even now, when bitcoin is in the zone of doubt and uncertainty).

Liquid, large capitalization, HYIP (crowd is planted) — of course not now (i.e. price rise or fall only according to the market trend no more and no less).



Triangle break down through a false breakdown or without it..
The first stop zone 38 -36 thousand to the bullish meridian (will be relevant later), which is the middle of the ascending channel.



Not now (but worth reminding). Money and risk management..

Maximum reduction at the moment of capitulation for long liquidation, as well as by the way shorting of futures and margin positions when reversing by a large % (“needle takeout”), before the transition to the participation phase (price movement of 2024 targets to 2025 distribution zones) and a significant correction in the trend (does not break it) is a dynamic support of this huge ascending channel, which is the zone 28-26 and even 24 depending on the time of realization (the channel is ascending). When trading, earning, remember about this logical probability and set aside at least 30% of the profit in stablecoins. This happens when it is not expected (efficiency).



Futures and the penalty for greed.

Be careful with futures, so that the growth of the numbers drawn by the exchange on the screen of the futures account does not put your vigilance to sleep. Observe risk management. Always withdraw part of your profits to margin with reduced risk or to spot. When cashing out, don't be greedy. Otherwise, you simply burn time (money from you at zero will be taken away in the moment).


In cross and isolated margin, always keep the risk low. In moments of “market panic” this indicator will change to high. Medium risk to liquidation). Have stablecoins to refill collateral at the “peak” of fear.

Another option is knocked out stops (of all positions or part of them) as a body of collateral. Remember that in sharp movements, stops may fail or partially fail due to price slippage (make a large stock pitch, especially on low liquid cryptocurrencies).


It is worth noting that hedging by opening a short position may not work due to the speed of market movement at such times. This is done by a “manipulator” at a time when few people expect it, i.e. on the positive side. If you have time to open a hedge — great. If not — all of the above.
注释
BTC and the projection of the entire market.

Be extremely attentive to the market in the next couple of days, the main focus of attention is on the “health index” of the crypto market, i.e. BTC.

Price is long squeezed near the key resistance zone of 44,000 (previous local highs of 44,700). Observe risk management, reduce your margin leverage and risks. It may (definitely) start “sawing” in both directions from this squeeze.

If on a localized 2015 December fractal, there could be a localized takeout (fractals are a probability at most). Also locally #marketmaker (which conditionally does not exist) moves the price to the zone of the largest accumulation of stop Loss long/short, no matter if liquidity ("saw").
注释
快照 breakthrough of long consolidation resistance zone 44 700
注释
BTC Fractals. Where the price is now in projection to the past ?
注释
快照 Local work. false breakdown of resistance 44,700 and takeout -10% Huge number of long position liquidations on futures. Now back to the 42,000 level. The "circle saw" of the 44,000 zone continues.
注释
快照 Looking ahead to Jan. 10 (while FUD is about ETF adoption) exit from the 40582-44700 price squeeze rectangle to the 47122 level.
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