Bitcoin Fear and Greed Index is 10 - Extreme Fear
Current price: $41,789

Binance Futures
#BCH/USDT Take-Profit target 2 ✅
Profit: 150.0387% 📈

#BTC breaking out the range its been consolidating in shorter time frame.

A double bottom also inside the range.

I expect short term rise to resistance area before continuing downtrend. (alts will follow)

The Fed is broadly seen to start raising interest rates in the coming months, this making investors de-risk and causing a headache for crypto bulls. “Easy money,” which began flowing in 2020, will now be much harder to come by.

It's worth mentioning the open CME gap at around 32.5k & 24k

There is possibility of drop to these levels because of :

- Double top on daily chart
- BTC trading below 200 moving average
- FED monetary policies
- CME Gaps acts like Magnet
- Major crash before next halving (800 days to go)

Be ready to accumulate in major crash.

$BTC is Following $SPX.

Macro factors are at play here and more important than anything else at the moment.

If bitcoin loose 40k support next key support level is at $36k.

📊 New CPI numbers coming out jan 12th, Be careful for the next hour or so.

The last time #Bitcoin pumped on CPI numbers it was a massive fake out 📉 - If that happens again then be ready.

#BTC Update

Bitcoin is trading in choppy range so we need to wait for the breakout to opening a long or short position in the market.

📉 BTC Death Cross Analysis :

- For previous Top, it took 67 days till death cross. Same for the current Top.

- Followed by 31 days of sideways movement before bulls took over.

If the right half were to follow, it would be more 1-2 weeks of sideways of action.

📊 BTC Update

- Bitcoin is likely to go sideways or hover around $40k (5-10% price change) for 1-2 weeks more, Because of the major support at $40k & the resistance at $44k.

- If daily candle close below $40k then next imp support level to watch is $37k. Bulls will take over the control if Daily candle close above $44k resistance.

Altcoins are not looking good few random altcoins can outperform while others get REKT hard.

#BTC $40k 2021 vs #BTC $40k 2022

➡️ SHORT BTCUSDT

❇️ Entry: 41800 - 42800

☑️ Target 1: 39999.00000000

☑️ Target 2: 37530.00000000

☑️ Target 3: 35445.00000000

⛔ Stoploss: 43985.00000000

💫 Leverage : 10x

ByBit USDT, Binance Futures, BitMEX
#BTC/USDT Take-Profit target 1 ✅
Profit: 54.3972% 📈
Period: 1 Days 9 Hours 20 Minutes ⏰

Binance Futures, ByBit USDT
#BCH/USDT All take-profit targets achieved 😎
Profit: 150.0% 📈
Period: 6 Days 14 Hours 50 Minutes ⏰

#BTC Update

- As predicted bitcoin has been rejected from our mentioned major resistance at $44k.

- Bitcoin is bearish as long as it is trading below the $44k major resistance level. Next Support : $37k and $31k

When to start accumulation of bitcoin?

- Below Production cost of BTC ($34,000)

BitMEX, ByBit USDT, Binance Futures
#BCH/USDT All take-profit targets achieved 😎
Profit: 146.8489% 📈
Period: 18 Days 5 Hours 16 Minutes ⏰

ByBit USDT, Binance Futures, BitMEX
#BTC/USDT Take-Profit target 2 ✅
Profit: 100.5816% 📈
Period: 2 Days 5 Hours 13 Minutes ⏰

BitMEX, ByBit USDT, Binance Futures
#ETH/USDT Take-Profit target 2 ✅
Profit: 100.0% 📈
Period: 10 Hours 53 Minutes ⏰

#ETH Update

ETH is currently trading near $3000.

ETH has major support at $2k - 1.8k and CME Gap at $2.1k So be ready to see ETH price flush down below $2k.

Bloodbath in alts 📉

Glad that we already sold everything on Xmas!

BitMEX, Binance Futures, ByBit USDT
#BTC/USDT All take-profit targets achieved 😎
Profit: 200% 📈
Period: 14 Days 10 Hours 57 Minutes ⏰