Opening Statement 0:00-0:46
Unconfirmed Breakout Of 1.5 Year Bearish Pattern 0:46-1:29
Bullish Progress 1:29-4:35
Analysing The 40k Resistance, Should You Buy? 4:35-8:25
Analysing The 42k Resistance, Should You Buy? 8:25-12:28
There WILL Be A Correction… (Scenario) 12:28-13:35
ETF Decision Approaching… Sell The News? 13:35-15:18
IMPORTANT. Cyclical Analysis, The 2023 Candle 15:18-17:50
Final Notes & Summary 17:50-19:29
Wolves Of Crypto VIP Membership 19:29-19:54
The Bitget & Bingx Exchanges, Links In Bio! 19:54-20:41
The Crypto Academy 20:41-21:07
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LEGAL DISCLAIMER:
It is worth noting that this video, as with all Wolves Of Crypto content, is a representation of my personal opinions on the market and should in no way be considered direct financial advice in any form. I am not responsible for your investment decisions or outcomes, analyse the charts for yourself before proceeding with a trade. This applies to every investment decision in cryptocurrency, stock market and any financial market – including investment decisions directly related to Bitcoin BTC, Ethereum ETH & any other altcoin.
6 thoughts on “Bitcoin: Is This A TRAP? – EVERYONE Needs To See This! (BTC)”
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Bitcoin (BTC) Price Today
1 min read
April 28, 2024
I strongly suggest you watch the entirety of this video. Throughout the 20 minutes, I constantly bring up new points and arguments and expand on my thoughts.
This is not one to skip, and I don't say that lightly 🤝🐺
I like this video. I'm on the sidelines and just sitting on my hands until a major correction IF that happens, if not, then I'm just gonna wait. I do wonder if the ETF is buy the rumor and sell the news. 😉 which could fit into the correction etc.
I don’t think people realize where BTC is at. First, it's sitting precisely at the Fibonacci golden zone from ATH to bottom on a log scale. Second, there's a perfect upsloping channel top. Third, there’s the huge prior support zone of $40-46k, which is now immense resistance. Fourth, the sentiment is simply too bullish. Everyone is counting their chickens before they hatch. Fifth, and most importantly, there is an unfilled CME gap around $21k. Considering that there has NEVER been a CME gap that hasn’t been filled, this is significant. If that’s not a reason to go short between $40-46k, then I don’t know what is. Yes, I realize that markets are irrational, there are no certainties, and we may shoot straight up to $100k from here without stopping. Is it possible? Yes. Probable? No. The bottom line is that no sane trader would be buying BTC at these overextended levels. FOMO is real, retail is buying in droves, ETF mania, etc. – it's a recipe for disaster. It's the ideal scenario for a market maker to wreak havoc on the dumb money. The ETF has been priced in, just as Elon Musk's buying and the Coinbase IPO conveniently happened at the ATH. This market is incredibly dumb. Retail learned literally nothing from the last $69-15k dump. But that should surprise absolutely nobody. People are so delusional, they actually believe ETF approval is a good thing for crypto. They think smart money will come into the space and allow the average Joe to make millions alongside them. SMH.
buyers r so bias 🚮🎎😩😳
I’ld like to know what you think about the bear market red candles that followed each of the bull markets. The 2022 is about 2X the red. It looks way out of line with the previous two reds which are only a fraction of the bull markets. ???
Thanks wolf 🐺💚