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Chart Analysis | Not financial advice. Only speculation | 50% of the time, I’m right, every time

$BTC is running with or without a #Bitcoin  ETF.

A #BTC  ETF is not necessary, but the news of its possibility has already increased interest and adoption via other platforms, i.e. #Robinhood, #Grayscale, and #Coinbase.

https://coinpaprika.com/news/sec-may-delay-etf-decision/

#Bitcoin up over 3% today. Nice green day in #crypto so far. Feels good at the moment.

Just a reminder to take some profit on the way up, at least your initial deposit, so you break even.

You don’t want to end up being like the 2nd frame, and holding the bag. $BTC #BTC

Does #Solana still have legs?

$SOL broke structure on Dec 26, which was bearish.

BUT… it fell down to an order block, and has been holding on top of it since. If #SOL can stay above this order block, then there is a chance for more upside.

I could see this happening.

Institutions know that retail is expecting the #Bitcoin  halving to be bullish for $BTC price action (considering it has been, in previous years).

Institutions may try to front-end this expectation, making either the release of the #BTC  ETF or the halving a sell-the-news event.

$BONK decided to retest strong support, literally at the turn of the year, and is currently bouncing off of it. That’s a good sign.

Looking at the daily chart, this support was created back in Dec 13th. Monitoring to see if #BONK holds this level.

TLDR; #DeFi and #Metaverse to make a comeback, #Binance  no longer the leading #Crypto exchange, and the tokenization of traditional assets.

Let’s see if this will all ring true in 2024. Cheers!

https://zycrypto.com/top-crypto-predictions-for-2024/

The No. 5 top #NFT collection is #PudgyPenguins, that came out with physical plush copies, made available at #Amazon in May 2023 and #Walmart in September 2023.

Since the physical versions were released, the value of the Pudgy Penguin NFT’s have increased dramatically. That’s quite the marketing.

$BTC price action in July/August vs #BAYC #NFT price action now.

Interesting price action similarities… #Bitcoin  #BTC  #BoredApeYachtClub

Negative $BONK article releases when #BONK hits major support/Wycoff accumulation region.

News manipulation, to get you to capitulate, at its finest.

https://www.cryptopolitan.com/bonk-posts-significant-losses-in-one-week/

If #Bitcoin  ETF’s are approved by Jan 10th, then “#Fidelity Wise Origin Bitcoin Fund was identified as the cheapest fund with a fee of only 0.39%.” #BTC

https://en.bitcoinsistemi.com/just-in-reuters-reveals-estimated-date-next-week-bitcoin-spot-etfs-will-be-approved-its-starting-to-get-clearer/

While most of the #cryptocurrency market is in a sea of red, $BONK bottomed yesterday, and has been making higher highs and higher lows.

Keep an eye on #BONK to see if it continues this upward trend.

Of all the popular #Bitcoin  miners, #Argo is down single digit percentage vs the rest with double digit percentage.

Why? I suspect it’s because $ARBK is bouncing off strong support created in February.

This could be a good sign, but I’d drop down to a LTF to make sure it doesn’t reverse into making lower highs and lower lows. $BTC #BTC

#Bitcoin  miners, such as $CAN, took a beating this morning.

To find out if the $BTC miners will continue to dip or if it is reversing, switch to a lower time frame, and look for a change of character from the lower lows and lower highs trend.

#Canann is used in this example. #BTC

$HOOD is in a precarious region, as it is within an order block created in Mar ‘22.

If #HOOD can break above this order block and retest it, then that would be very bullish.

However, #Robinhood made multiple impulsive moves to the upside over the past month, and has yet to mitigate them.

$BONK showed exceptional strength bouncing off the daily order block (purple bar), which is typically a good sign.

The daily order block is a stronger order block than the 4 hr order block (blue bar), as #BONK cut through it like butter.

Watching price action to see if it holds, and possibly retest.

$BONK is still within the order block (blue bar).

If we zoom into a lower time frame, we can see that #BONK’s price touched the lower range of the order block, which also happens to be… the 2.618 Fibonacci level. Watch the Fib levels.

$BONK hit strong support, and is currently bouncing off the retest. That’s a good sign.

If #BONK can sustain itself above support, then it’s possible it can go after reclaiming its ATH. Watch the Fib levels.

So… if the Pelosi’s purchased $5 mil in $NVDA call options, with a strike of $120, expiring 12/20/24… then when will this gap get filled? #NVDA #Nvidia

9 out of 10 gaps get filled, and that’s a pretty large gap…

$SOL created a head and shoulder pattern over the past few days.

#SOL also created a head and shoulder pattern a month ago, but continued to rip up.

The difference between now and then, is that #Solana broke structure now, which typically means downward pressure. It’s possible we’ll see $74 again.