StoXobr

StoXobr

You can write down what I say: --> BTC Next target is 60,000 --> 2024 High 80,000 Bitcoin will drop again to its lowest point from January 23rd and could even drop further to 34,000 to show that it's for real.

StoXobr

Being a trader is challenging. Now that we've pinpointed Bitcoin's current situation and revealed it's caught up in heavy liquidation, the journey becomes more complex. As it breaks free from its diamond-shaped pattern, we can better speculate on its future direction.

StoXobr

If a breakout occurs and is confirmed by the next candle, take the following steps: Buy at: 41200 Sell at: 42200 Remember, stay disciplined and stick to your strategy. Wishing you successful trading!

StoXobr

I have portrayed all my drawings on the chart, but remember, each trader sees the market through their own lens. Take the time to explore and analyze before making your moves.

StoXobr

This is what BTC is all about right now. If it can digest the liquidations at 42400-42600 level, it should move to 44000 and higher then.

StoXobr

The diamond pattern observed has the potential to move in either direction, whether upward or downward. However, in the context of the impending ETF launch, it seems that the market is poised for a significant breakout, indicating a potential surge to new heights in the upward direction.

StoXobr

Developer Samson Mow stated about 2 hours ago that we may observe an Omega Pattern emerging in Bitcoin, potentially propelling its price beyond 50k. I am not certain, but the pattern within the circle appears to be a double bottom, W, or Omega, indicating a potential bullish trend at the moment.

StoXobr

Traders are actively engaging in speculative activities, anticipating the imminent approval of Bitcoin today. Exercise caution, as there is already a significant liquidation of over 800 million within the specified range. While the market reached 45,600 on January 2 and subsequently experienced a gradual decline, it is crucial to note that a formidable resistance...

StoXobr

The next stop is probably 46800 as there is no major level in between.

StoXobr Updated 

Witness the systematic and progressive evolution of the bullish trend as it advances towards reaching the pinnacle of the 80,000 mark.

StoXobr Updated 

Prominent investors, often dubbed 'whales,' strategically aimed to lower the price of Bitcoin, positioning themselves to secure more favorable rates for their imminent ETF investments. This last-minute maneuvering has already exerted a significant impact today. The emergence of a golden cross now signals a decisive inclination towards a robust bullish trend,...

StoXobr

Its pouring down man, let it be and wait with patience and see how it does on Monday. The GDP data will be a major milestone to decide on pulling or pushing back.

StoXobr

Bitcoin's potential movements within a one-hour timeframe, confined by distinct triangle boundaries. Termed "The Bitcoin Playground," this pattern suggests a confined trading range next.

StoXobr

If it follows the last waterfall formation the next move could be like this.

StoXobr

If it were truly hawkish, Bitcoin should not be heading down at 43,000. Looks like the market is on the way to, slow and steady wins the race. Be patient friends and wait as the outlook is optimistic on all fronts and we are clearly seeing the lighthouse ahead. Happy trading!

StoXobr

Friends, dont get affected by the fakeout moves and wait for the data reports at 2:00 PM today. Don't lose your hard earned money in the rush and let the market decide the real moves.

StoXobr

Watch which gramophone baseline hits the target. Whatever happens it's just a probability which may turn to reality anytime soon. Happy trading!

StoXobr

Bitcoin has to reverse after the recent pullback the important level to buy is 41708, if not then 41221, and if it still goes down then ultimate buy comes to 40400 the major blocks buying level. Happy trading!