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๐Ÿšฉ#Bitcoin #BTCUSD quick update!

๐Ÿ‘‰Would Bitcoin have found a new range (Fibonacci: 38.2 / 61.8) to accumulate even more, before rising higher above $50K level?

IMHO, it would definitely be a great option, and whatever the "moonboys" might think. ๐Ÿ˜‚
BITCOIN POLL: At the end of this weekend, the price of #BTCUSD will cost:
Anonymous Poll
59%
Over $50,000
41%
Between $46K and $50K
6%
Between $42K and $46K
12%
Less than $42,000
๐Ÿ“Š Here are some important Crypto Values that I always look at first to get an overall trend in the current crypto market. Let me know if you think I missed one to add to this list.

โ–ซ๏ธBitcoin & Ethereum
๐Ÿ”น#BTCUSD
๐Ÿ”น#ETHUSD
๐Ÿ”น#ETHBTC

โ–ซ๏ธDominance & Volatility
๐Ÿ”น#BTC.D
๐Ÿ”น#ETH.D
๐Ÿ”น#BVOL
๐Ÿ”น#BVOLUSD

โ–ซ๏ธMarket Cap
๐Ÿ”น#TOTAL
๐Ÿ”น#TOTAL2
๐Ÿ”น#CMC200
๐Ÿ”น#CMC200EX

โ–ซ๏ธFutures ETF
๐Ÿ”น#BITO
๐Ÿ”น#GBTC
๐Ÿ”น#BTC1!
Power Crypto Club
See the poll below....
๐Ÿ† Congratulations to the 25% of "I'm red (Bearish)" voters who correctly assessed the trend reversal in the price structure.

๐Ÿ‘ Well done also to those who saw that the chart represented the #BTCUSD pair, but that I had changed to "Inverse Scale". ๐Ÿ˜‚ (Attached is the normal scale chart)

โ›”๏ธ It is therefore 57% of "I'm green (Bullish)" voters who thought that the drop of $BTC should continue, except that you were wrong, guys!
โœจMath of Gains & Losses

After a loss, it takes a greater gain to return to your original value. If you invested $10,000, and your account declined 20%. To fully recover from the 20% loss, you'd need to gain 25%. If you gained 20% back, you would be $400 short of your initial investment.

If your crypto has declined by 70% or more, your needed gains will be much larger to recover your loss as you can see below:

โ–ซ๏ธ#BTCUSD
๐Ÿ”นFrom its $69K ATH to last bottom at $20,800, it's -70% loss
๐Ÿ”นTo fully recover, $BTC needs to generate +230% gains.

โ–ซ๏ธ
#ETHUSD
๐Ÿ”นFrom its $4,890 ATH to last bottom at $1,180, it's -77% loss
๐Ÿ”นTo fully recover, $ETH needs to generate +350% gains.

โ–ซ๏ธ
#AXSUSD
๐Ÿ”นFrom its $165 ATH to last bottom at $12, it's -92% loss
๐Ÿ”นTo fully recover, $AXS needs to generate +1,260% gains.
โœจHow Low Can We Go?
The current drawdown in #BTCUSD since its ATH in November is now circa -67%. Again, this is to be expected from such an asset class, and as shown below, historically, bear markets for $BTC have seen prices fall by -75% to -90%. History would tell us there may be more pain ahead. Even though crypto and equities have a high level of correlation to the underlying Crypto markets, as they are typically much more volatile, a 40% drawdown in $BTC is widely seen as a correction, and a drawdown of -70% is considered a bear market. In fact, $BTC has spent more than 80% of its history in a drawdown of -20% or more. While looking at historical drawdowns vs the current drawdown, we can see that all major historical bear market drawdowns bottomed around a -75% to -85% range. Whereas the current drawdown is around -67%, one can use this metric to track the bottom levels that could be in the -75% to -85% range. (Source: CryptoQuant)
โšก๏ธ#Bitcoin Testing $20K Key Level

๐Ÿ‘‰๐Ÿป The price was rejected exactly on Fibonacci 61.8%, so now technically it should bounce off Fib 38.2% or lower on the $20,000 level.

๐Ÿ‘‰๐Ÿป The 2nd option could be a bounce between the 50% and 61.8% Fib retracement ratios, around $19,200-19,600 levels.

TA: #BTCUSD TF 4-h
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ

5 indicators for a KEY LEVEL
โ–ซ๏ธ61.8% Fib retracement ratio
โ–ซ๏ธ23.6% Fib horizontal range ratio
โ–ซ๏ธ20-day downtrend diagonal
โ–ซ๏ธBollinger Bands squeeze
โ–ซ๏ธEMA20 on price

TA: #BTCUSD TF.4-h
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ

Nice jump of +7.58% right now, moving the price back above $20k mark.

TA: #BTCUSD TF.4-h
#BTCUSD See the survey below...
โœจThe Bollinger Bands Squeeze Strategy.

โ–ซ๏ธWhen the bands squeeze together, you should be ready for a breakout. The bands are driven by volatility, and the squeeze is just a reflection of that.

๐Ÿ‘‰๐Ÿป If the price breakout above the top bands, it's the signal for opening long positions as the price is expected to continue to move up.

๐Ÿ‘‰๐Ÿป If the candle breakout below the bottom band, it's time to go short because the price will continue to go down.

๐Ÿ“ˆ Bollinger Bands use 2 parameters, Period (the default values are 20 for period) and 2 Standard Deviations which means that, from a statistical perspective, 95% of all the price action happens in between the channels.

TA #BTCUSD TF. 1-hour
Power Crypto Club
๐Ÿ”…Here is the same Selection of Alts as above but on the date of my TAs was shared, based to their price structure ready to lift off their last bottom, as well as their strength, Dev's teams reliability and potential to join the next bull market. (All Altsโ€ฆ
โšก๏ธWho said the market was correcting?

โš ๏ธ Don't be confused between a correction wave (indicating a trend reversal) and the opposite which is a pullback (indicating a trend confirmation).

Best performance in my "Selection of Alts" during the last 24 hours.
๐Ÿ‘โ€๐Ÿ—จ #AAVEUSD: $56.60/$68 = +20%
๐Ÿ‘โ€๐Ÿ—จ #AVAXUSD: $12.08/$16.5 = +37% ๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #FTMUSD: $0.22/$0.27 = +23%
๐Ÿ‘โ€๐Ÿ—จ #ZILUSD: $0.017/0.028 = +65% ๐Ÿš€๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #NEARUSD: $1.62/$1.86 = +15%
๐Ÿ‘โ€๐Ÿ—จ #ATOMUSD: $10.46/$12 = +15%
๐Ÿ‘โ€๐Ÿ—จ #LTCUSD: $76.38/$87.65 = +15%
๐Ÿ‘โ€๐Ÿ—จ #BTCUSD: 17,017/18,370 = +9%
๐Ÿ‘โ€๐Ÿ—จ #ETHUSD: 1,265/1,420 = +13%
โœ… All Targets Reached... and much more! ๐Ÿš€๐Ÿš€๐Ÿš€

๐Ÿ‘‰ I understand it was not easy to follow me from the beginning when I shared my signals, because many analysts saw in these breakouts a BULLTRAP... but as I always say "Keep your own trading strategy from start until the end, and without being influenced by others".

TIME TO TAKE SOME PROFITS, GUYS! ๐Ÿ’ฐ

๐ŸŽฏ#BTCUSD โžก๏ธ $21,300
๐ŸŽฏ#LTCUSD โžก๏ธ $91,64
๐ŸŽฏ#ETHUSD โžก๏ธ $1,620
๐ŸŽฏ#ETCUSD โžก๏ธ $23.90
๐ŸŽฏ#SOLUSD โžก๏ธ $22.60
๐ŸŽฏ#ATOMUSD โžก๏ธ $13
๐ŸŽฏ#MATICUSD โžก๏ธ $1

๐Ÿ‘โ€๐Ÿ—จ $BNB โžก๏ธ $310
๐Ÿ‘โ€๐Ÿ—จ $AVAX โžก๏ธ $17.40
๐Ÿ‘โ€๐Ÿ—จ $AAVE โžก๏ธ $75
๐Ÿ‘โ€๐Ÿ—จ $DOT โžก๏ธ $5.77
๐Ÿ‘โ€๐Ÿ—จ $NEAR โžก๏ธ $2
๐Ÿ‘โ€๐Ÿ—จ $RUNE โžก๏ธ $1.82
๐Ÿ‘โ€๐Ÿ—จ $CHZ โžก๏ธ $0.38
๐Ÿ‘โ€๐Ÿ—จ $LINK โžก๏ธ $6.9
๐Ÿ‘โ€๐Ÿ—จ $ENS โžก๏ธ $14
๐Ÿ‘โ€๐Ÿ—จ $SAND โžก๏ธ $0.7
๐Ÿ‘โ€๐Ÿ—จ $ADA โžก๏ธ $0.36
๐Ÿ‘โ€๐Ÿ—จ $FTM โžก๏ธ $0.31
๐Ÿ‘โ€๐Ÿ—จ $XRP โžก๏ธ $0.40
๐Ÿ† Performance of Trading Signals as of 14-Jan / 9am(UTC):

From 3/4-Jan
๐Ÿ‘โ€๐Ÿ—จ #BTCUSD: $16,820/$21,367 = +27%
๐Ÿ‘โ€๐Ÿ—จ #ETHUSD: $1,253/$1,620 = +29%
๐Ÿ‘โ€๐Ÿ—จ #ETCUSD: $17.84/$23.87 = +34%
๐Ÿ‘โ€๐Ÿ—จ #LTCUSD: $76.38/$91.64 = +20%
๐Ÿ‘โ€๐Ÿ—จ #ATOMUSDT: $10.46/$13.44 = +29%
๐Ÿ‘โ€๐Ÿ—จ #MATICUSDT: $0.81/$1.05 = +30%
๐Ÿ‘โ€๐Ÿ—จ #SOLEUR: $11.20/$22.78 = +103% ๐Ÿš€๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #SOLUSD: $11.75/$24.72 = +110% ๐Ÿš€๐Ÿš€

From 5-Jan (or later)
๐Ÿ‘โ€๐Ÿ—จ #AAVEUSD: $56.60/$81.31 = +44%
๐Ÿ‘โ€๐Ÿ—จ #ADAXUSD: $0.268/$0.37 = +38%
๐Ÿ‘โ€๐Ÿ—จ #ALGOUSDT: $0.188/$0.237 = +26%
๐Ÿ‘โ€๐Ÿ—จ #AVAXUSD: $12.08/$18.02 = +49%
๐Ÿ‘โ€๐Ÿ—จ #BNBUSDT: $2598/$314 = +21%
๐Ÿ‘โ€๐Ÿ—จ #CHRUSDT: $0.112/$0.145 = +30%
๐Ÿ‘โ€๐Ÿ—จ #CHZUSDT: $0.102/$0.142 = +40%
๐Ÿ‘โ€๐Ÿ—จ #DOTUSD: $4.64/$6.52 = +40%
๐Ÿ‘โ€๐Ÿ—จ #ENSUSD: $11.73 /$14.25 = +22%
๐Ÿ‘โ€๐Ÿ—จ #FTMUSDT: $0.22/$0.34 = +57%๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #LINKUSDT: $5.80/$7.07 = +22%
๐Ÿ‘โ€๐Ÿ—จ #NEARUSD: $1.62/$203 = +42%
๐Ÿ‘โ€๐Ÿ—จ #RUNEUSD: $1.438/$1.826 = +27%
๐Ÿ‘โ€๐Ÿ—จ #SANDUSDT: $0.433/$0.698 = +62% ๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #VETUSD: $0.0164/$0.0216 = +32%
๐Ÿ‘โ€๐Ÿ—จ #ZILUSD: $0.017/$0.028 = +69% ๐Ÿš€
Power Crypto Club
โš ๏ธ ATTENTION, we are currently in a Period which should be Decisive and de facto Selective for the Future of All Cryptos. As I have explained several times for 2 years, the Crypto Market needed a BIG CLEANING among its Alts, and even more today since it'sโ€ฆ
.
๐Ÿ”…SELECTION of ALTS for NEXT BULL MARKET.

๐Ÿ”นThe 3rd and last pack will be a very small selection made up of Alts that are not only solid and reliable, but above all that offer USEFULNESS SERVICES or PRODUCTS for the Future... Read here the full post: https://t.me/PowerCryptoClub/3754

๐Ÿ‘‰ Since 3-Jan, I am only focusing on the "Selection of Alts" that I have shared with you, while trying to technically and fundamentally assess the potential of each of these Cryptos, to join the next Bullrun market with the leaders $BTC & $ETH.

๐Ÿ‘‰ Nothing is final, and therefore some Alts can be removed as added. BTW, please let me know if you think any Alts other than the ones listed below are worth looking into.

1๏ธโƒฃ Alts Confirmed for Next Bull Market:
๐Ÿ‘โ€๐Ÿ—จ #BTCUSD: $16,820/$21,367 = +27%
๐Ÿ‘โ€๐Ÿ—จ #ETHUSD: $1,253/$1,620 = +29%
๐Ÿ‘โ€๐Ÿ—จ #ETCUSD: $17.84/$23.87 = +34%
๐Ÿ‘โ€๐Ÿ—จ #LTCUSD: $76.38/$91.64 = +20%
๐Ÿ‘โ€๐Ÿ—จ #ATOMUSD: $10.46/$13.44 = +29%
๐Ÿ‘โ€๐Ÿ—จ #MATICUSD: $0.81/$1.053 = +30%
๐Ÿ‘โ€๐Ÿ—จ #SOLEUR: $11.20/$23.11 = +106% ๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #SOLUSD: $11.75/$25.03 = +113% ๐Ÿš€

2๏ธโƒฃ Alts Probably on Next Bull Market:
๐Ÿ‘โ€๐Ÿ—จ #AAVEUSD: $56.60/$82.98 = +47% ๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #ADAXUSD: $0.268/$0.37 = +38%
๐Ÿ‘โ€๐Ÿ—จ #ALGOUSD: $0.188/$0.239 = +27%
๐Ÿ‘โ€๐Ÿ—จ #AVAXUSD: $12.08/$18.54 = +54% ๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #BNBUSDT: $2598/$314 = +21%
๐Ÿ‘โ€๐Ÿ—จ #CHRUSD: $0.112/$0.145 = +30%
๐Ÿ‘โ€๐Ÿ—จ #CHZUSD: $0.102/$0.149 = +42%
๐Ÿ‘โ€๐Ÿ—จ #DOTUSD: $4.64/$6.52 = +40%
๐Ÿ‘โ€๐Ÿ—จ #ENSUSD: $11.73 /$14.43 = +23%
๐Ÿ‘โ€๐Ÿ—จ #FTMUSD: $0.22/$0.36 = +63% ๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #LINKUSDT: $5.80/$7.07 = +22%
๐Ÿ‘โ€๐Ÿ—จ #NEARUSD: $1.62/$2.35 = +45%
๐Ÿ‘โ€๐Ÿ—จ #RUNEUSD: $1.438/$1.826 = +27%
๐Ÿ‘โ€๐Ÿ—จ #SANDUSDT: $0.433/$0.73 = +70% ๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #VETUSD: $0.0164/$0.0216 = +32%
๐Ÿ‘โ€๐Ÿ—จ #XRPUSD: $0.37/$0.41 = +11%
๐Ÿ‘โ€๐Ÿ—จ #ZILUSD: $0.017/$0.028 = +69% ๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #XMRUSD: $161/187 = +16%

3๏ธโƒฃ Alts to Evaluate their Potential:
๐Ÿ‘โ€๐Ÿ—จ $THETA
๐Ÿ‘โ€๐Ÿ—จ $XLM
๐Ÿ‘โ€๐Ÿ—จ $QTUM
๐Ÿ‘โ€๐Ÿ—จ $ICX
๐Ÿ‘โ€๐Ÿ—จ $HOT
๐Ÿ‘โ€๐Ÿ—จ $NEXO
๐Ÿ”…$BTC Bullrun or Bulltrapโ‰๏ธ

๐Ÿ‘‰ As we can hear everything and its opposite, let's see the price structure of #BTCUSD and in what context is it moving, before to make your own conclusion. Easy! ๐Ÿ˜œ

๐Ÿ”นApr/Jun: 1st correction in 2 bearish waves.

๐Ÿ”นJuly/Aug: 1st flux with range-exit breakout failed ($25,200).

๐Ÿ”นAug/Dec: 2nd correction in 2 bearish waves.

๐Ÿ”นDec/Jan: 2nd flux stopped by the 61.8% Fibonacci retracement level.
๐Ÿ”…SELECTION of ALTS / January 2023 Trading Results

1๏ธโƒฃ Alts Confirmed for Next Bull Market
:
๐Ÿ‘โ€๐Ÿ—จ #BTCUSD: $16,820/$23,958 = +42% (55%)
๐Ÿ‘โ€๐Ÿ—จ #ETHUSD: $1,253/$1,680 = +34% (56%)
๐Ÿ‘โ€๐Ÿ—จ #ETCUSD: $17.84/$23.88 = +34% (63%)
๐Ÿ‘โ€๐Ÿ—จ #LTCUSD: $76.38/$97.74 = +28% (60%)
๐Ÿ‘โ€๐Ÿ—จ #ATOMUSD: $10.46/$14 = +34% (65%)
๐Ÿ‘โ€๐Ÿ—จ #MATICUSD: $0.81/$1.2 = +48% (60%)
๐Ÿ‘โ€๐Ÿ—จ #SOLEUR: โ‚ฌ11.20/โ‚ฌ24.68 = +120% (229%)๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #SOLUSD: $11.75/$26.78 = +128% (237%)๐Ÿš€

2๏ธโƒฃ Alts Probably in Next Bull Market:
๐Ÿ‘โ€๐Ÿ—จ #AAVEUSD: $56.60/$91.18 = +61% (82%)๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #ADAXUSD: $0.268/$0.399 = +49% (66%)
๐Ÿ‘โ€๐Ÿ—จ #ALGOUSD: $0.188/$0.26 = +71% (66%)๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #AVAXUSD: $12.08/$21.84 = +81% (107%)๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #BNBUSDT: $2598/$324 = +25% (47%)
๐Ÿ‘โ€๐Ÿ—จ #CHRUSD: $0.112/$0.182 = +62% (82%)
๐Ÿ‘โ€๐Ÿ—จ #CHZUSD: $0.102/$0.155 = +82% (60%)๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #DOTUSD: $4.64/$6.82 = +47% (61%)
๐Ÿ‘โ€๐Ÿ—จ #ENSUSD: $11.73 /$17.07 = +38% (64%)
๐Ÿ‘โ€๐Ÿ—จ #FTMUSD: $0.22/$0.50 = +128% (204%)๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #ICXUSD: $0.19/$0.30 = +58% (117%)
๐Ÿ‘โ€๐Ÿ—จ #LINKUSDT: $5.80/$7.52 = +30% (40%)
๐Ÿ‘โ€๐Ÿ—จ #NEARUSD: $1.62/$2.72 = +68% (121%)๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #ONEUSD $0.017/$0.238 = +40% (154%)
๐Ÿ‘โ€๐Ÿ—จ #QTMUSD $2.62/$2.85 = +9% (78%)
๐Ÿ‘โ€๐Ÿ—จ #RUNEUSD: $1.438/$1.94 = +35% (94%)
๐Ÿ‘โ€๐Ÿ—จ #SANDUSDT: $0.433/$0.85 = +96% (127%)๐Ÿš€
๐Ÿ‘โ€๐Ÿ—จ #STMXUSD $0.0054/$0.0064 = +19% (95%)
๐Ÿ‘โ€๐Ÿ—จ #THETAUSD: $0.94/$1.19 = +27% (68%)
๐Ÿ‘โ€๐Ÿ—จ #UOSUSDT: $0.241/$0.292 = +21% (69%)
๐Ÿ‘โ€๐Ÿ—จ #VETUSD: $0.0164/$0.0252 = +54% (65%)
๐Ÿ‘โ€๐Ÿ—จ #XMRUSD: $161/$187 = +16% (61%)
๐Ÿ‘โ€๐Ÿ—จ #XRPUSD: $0.37/$0.43 = +17% (45%)
๐Ÿ‘โ€๐Ÿ—จ #ZILUSD: $0.0168/$0.028 = +90% (111%)๐Ÿš€

๐Ÿ‘โ€๐Ÿ—จ #Code: Signal/Highest = Gains% (Bottom Recovery)
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ

๐Ÿ‘‰ According to this #Wyckoff schematic, $BTC is about ready to "Jump the Creek" after 10-month of accumulation. #BTCUSD

โš ๏ธ What is the Wyckoff strategy?
๐Ÿ”นThe two main ideas behind Wyckoffโ€™s theory are:
a) Accumulation & Distribution happen in Consolidation.
b) The Consolidations themselves happen in Particular Sequences.
๐Ÿ”น Those sequences are called phases, the phases have specific events that occur within them.
๐Ÿ”นRealizing what phase the stock is currently in and what event is about to happen helps you make an investment decision.
๐Ÿ›‘ When the #SEC decides to strike hard... when American #propaganda with #Bloomberg announces a crypto crack without any real explanation... and when all the other media stupidly relay there propaganda... it causes uncertainty and skepticism among investors, including the most influential will sell their bags at the slightest sign of a significant drop in the market, accelerating the fall. However, the price of $BTC has not fallen below its low 4 days ago at $25,434, which shows that the panic effect is only on Alts investors.

Just now (Last 3 x 4-hour candle)
๐Ÿ”น#BTCUSD = -2.68%
๐Ÿ”น#ETHUSD = -5.95%
๐Ÿ”น#ATOMUSD = -14%
๐Ÿ”น#SOLUSD = -17%
๐Ÿ”น#MATICUSD = -21%
๐Ÿšฉ#Bitcoin Quick Updateโ€ผ๏ธ$26,500

๐Ÿ‘‰ #BTCUSD Chart speaks for itself.
It's impressive the volume of stupidity & nonsense that has been circulating for weeks in social networks, as well as in crypto media. When there is nothing to say, it is better to remain silent... than to try to explain incoherent things that could influence people to make wrong decisions.
Have a nice Sunday
#CryptoLovers