Is $BTC Dominance finally topping out? 🤔
BTC.D is printing the second TD-9 Sell on the 2W timeframe this cycle 👀
IMO this is something worth paying close attention to.
💡 We can see the same pattern repeating itself over and over again: no matter which direction $BTC Dominance is moving in general (up or down) there’s a false TD-9 in the middle. The second TD-9 is the true one that usually reverses the trend.
- In 2018 we missed the 2nd TD-9 at the Bottom (but we had one in the middle)
- In 2019 the 2nd TD-9 Sell marked the Top (there was a false TD-9 sell in the middle)
- In 2021 the 2nd TD-9 Buy marked the Top (there was a false TD-9 buy in the middle)
This time, in 2024, the same pattern is repeated: one TD-9 Sell at the Top and one false TD-9 Sell in the middle
Keep in mind that this 2W candle has 11 days to go. I believe BTC.D will peak very soon 🔨📉
New Record for BlackRock’s Bitcoin ETF! 🚀
Within the first 20 minutes of trading, the volume surpassed $1 billion, a figure usually achieved over a full day. This highlights the strong demand for BlackRock's Bitcoin ETF.
So crazy!
After $BTC hit a new all-time high, a whale shorting $BTC got liquidated for $74.98M!
🧬
BTC Price Performance Around US Election
Historical data shows Bitcoin doesn't really care who wins the White House. BTC consistently demonstrates significant volatility during election season. Look at the numbers:
2016 Sep-Jan: +60%
2020 Sep-Jan: +183%
2024 Sep-Jan: +25% (still counting...)
According to a Bloomberg report, $14.7 billion was spent on the 2024 US elections, so they may become the most expensive in history.
Trump said in the interview that he currently has a "significant lead" over Harris.
Also 12 hours ago whale brought out 5 million #USDC from Binance to bet on Harris to win.
Bitcoin is less than 7% away from a new all-time high, yet retail participation is still low.
Читать полностью…How to Find a Sniper Entry:
1. Spot Supply Zone: Identify where supply increases suddenly.
2. Spot Demand Zone: Look for sudden increases in demand.
3. Entry: Enter below the supply zone, with a stop loss above.
4. Take Profit: Set your target on the demand zone.
- Extra Tip: Supply and demand zones often indicate consolidation phases on lower time frames.
📢In the past 24 hours 72,986 traders were liquidated
➡️The total liquidations comes in at $223.27 million
There's $2.1 billion worth of #Bitcoin shorts to be liquidated at $74,000
"No supply over $74,000. We’ll see a gap to $100,000 then a swift trip to $200,000."
Cumulatively, since launch, US spot #BTC 💰 ETFs have already accumulated over 1,000,000 BTC - CryptoQuant data
Читать полностью…Historical #Bitcoin prices on #ElectionDay 🇺🇸
2012: $10
2016: $709
2020: 13,550
2024: $75,000
2028 Election - Bitcoin Price $280,000 😆
BREAKING: 🇺🇸 Donald Trump officially elected President of the United States of America.
Читать полностью…Do you think the market will pump if #Trump wins?
A lot of people are bullish, and whales are already aware of it. 🔻
Market Makers and Whales know people are likely to go long if Trump wins, and short if #Harris wins.
But watch out—they might move the market in the opposite direction to take advantage.
#BTC C.Q.: Long-Term Holders (LTH) are showing minor selling activity, which is being actively absorbed by Short-Term Holder (STH) demand.
The average purchase price for LTH is $24.5K, with holders realizing a 2.7x ROI.
Key Events This Week:
1. U.S. Presidential Election - Tuesday
2. ISM Non-Manufacturing PMI data - Tuesday
3. Initial Jobless Claims data - Thursday
4. Fed Interest Rate Decision - Thursday
5. MI Consumer Sentiment data - Friday
6. ~15% of S&P 500 companies report earnings.
REVIEW ALTCOINS MARKET
$BTC dominance is at the highest point since early 2021. How did we come to this alts anxiety and it is actually possible to earn money by longing altcoins?
🥀 First of all, this is the year of VC coins decline. Retail has understood the nature of VC backed projects, as funds are here to sell, not to pump the price for no reason. This was one of the reasons to turn into memes trading, as memecoins are "for community from community", kind of a fair deal.
Then, from mcap division (majors/mid caps/low caps) we went to different chains division. Now it depends on memes hype: if the chain has a lot of onchain volume and memes that are pumping, base asset will go up! I showed that on the chart above, look how money flow from $TRX to $SOL, then into $SUI and $APT, as degens chaise memes pumps!
🎯 Conclusion? The only real way to make money on alts longs is to snipe onchain activity and memes market. This way you are kind of following the trend, but not risking buying some degen memes!
Bloomberg analyst says spot #Bitcoin ETFs have had "extreme" inflows the last 13 days
Bitcoin is "digital gold and store of value."
REVIEW BITCOIN
I think we're witnessing the final consolidation before the new ATH! The price is inside local bullish pennant, while funding turns neutral 😌
I pointed my targets as previous ATH and $75k, note that these are TARGETS. I will close my longs and spot buys there, as I don't want to be exposed during the elections day.
Strong inflows for spot Bitcoin ETFs! Yesterday alone, $870M flowed in—the third-highest since launch.
BTC ETF holdings now at $72.5B!