They are now 3D printing a 12 meter boat in one piece with robots, no mold and no extra cost, so what once needed a full shipyard can now be done with a giant printer 🚢
JUST IN: 🇪🇺 European MP says, “Donald Trump will create a Strategic #Bitcoin Reserve. What is the EU doing?”
“It's time to change the paradigm and protect our people from inflation.”
#Bitcoin - whats next ?
The big Sunday report, all you need to know:
🚩 TA/ LCA/ Psychological Analysis:
Fear spread among exchanges, people have panic sold, onchain data proves retails sent a massive inflow of altcoins and BTC to exchanges to sell, while onchain also proves big money and whales sending stablecoins to exchanges to buy, with big outflows afterwards. Indeed, we have seen the big fear, and Iam leaning down to say that the correction is as good as done, the promised 20-30% correction is mostly done, but read the report to have a full understanding on what is happening:
Seven weeks ago I gave you the exact plan on what market makers are truly planning right before we hit 48k region. Indeed, its to cause max hopium, putting tons of pressure on retails telling them its the right time to buy. Once we hit 48k exactly as predicted and called for a big crash from there, their plan to cause fear and panic in the hearts of top buyers and to make them exhausted for the next leg up has just started. The bear trap is loading and the huge green candle is just a matter of time, all we need to know is when this correction ends right? So whats next?
You need to be fully aware of the current situation Bitcoin is currently in. There is no bear or bull thesis at this point, opinions are splitted and you have a huge amount of investors buying BlackRock and other recently approved ETFs and at the same time you have the GrayScale selling pressure, so what will overwhelm the other in the mid and big term, indeed its the buyer side, indeed the golden bull is loading and this small correction is just the preparation for something big. Now Iam expecting sideway movement to make retails exhausted in this range. Please take a carefull look at the chart and read carefully:
We have 6 important TA indicators right now:
- MA50 Daily
- EMA50 Daily
- MA100 Daily
- Level of $41.400
- $42.700 region (Needs breakout)
- Level of $38.500 (Double bottom)
We need to speak about facts given in the chart, and not about our bias and what we love to see. Fact number one is #Bitcoin strongly bounced at MA100 Daily and showed a reversal on smaller time frame which is a good sign for the market. Second bullish fact is BTC also managed to regain EMA50 Daily which is a key indicator for Bitcoin during all pre bull phases in its entire history. Regaining this region should put bears on high alarm. Fact number three, BTC ETFs are getting bought stronger than market expected, and as mentioned before, once GrayScale selling is over, the price will know only one direction, and its up. Now watch if we breakout above $42.700 and we can expect more and more up this week.
Iam here not as bearish as I was at 48k due to the given facts. Markets are working in dynamics and things can change fast, so our way of thinking needs to be updated regulary. GBTC selloff is mostly done and things will change rapidly with few good news only. To make it clear: Bitcoin is currently in a non trading zone for me, but it doesnt look as bad as we expected weeks ago. I promised a 20-30% dump at $48.000, now we have seen the 20% dump and most of the blood is done. Some people love trying to catch the absolute bottom, and as said 20-30% correction is always more than usual in each cycle. So 10% remained but doesnt necessary mean that its going to happen for 100%. So risk management is clear in bull favour here. Its clear that buying in this region is a no brainer, its clear that even if we see the remained 10% correction (33-35k region), which will be instantly bought from my side, more than happy to see, but not relying 100% to happen. So manage your risk accordingly and decide if you want to wait for the perfect entry, or play with the risk to be left behind and ending up buying higher. I have a simple rule: Once media shares news of fear, its always a good sign to buy. *Important: When mentioning buying I mean some altcoins that will be shared in @DrProfitPremium. Our long term investment entry is between 16-18k, and there is no way we are going to sell before reaching a new ATH by end of year.
Big warning: Remember that any breakdown below MA100 with daily close confirmation will bring us to "Possible Target 2", its "Possible" because we havent seen a breakdown yet with confirmed daily close, however we have seen a strong bounce at MA100 which supports the bull side, but as you know some FUD can change the entire game, and if there is this possibility to visit 33-35k it will be the absolute perfect entry for the long term in my opinion. Pray for it to happen, but as said, we speak about current facts, and current fact is BTC respecting MA100 + regained EMA50 in a strong way. Be prepared for all scenarios and be prepared for the one with the biggest probability
Remember, Iam very bullish for the long term, and ATH is awaiting by the end of year, holding spots !
In terms of Calendar its also an interesting week due to FOMC on Wednesday which will most likely see no cuts or increase. One day later on Thursday Amazon, Apple and Meta will all publish their earning reports which will casue some volatility into the markets.
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This was the plan for the SEC all alone.
Eliminate the number 1 exchange in the industry, and take over the market.
Next what will happen is that all these ETFs will launch, and BlackRock also gets in power of #Bitcoin.