BTC - Incoming Pain Before Halving/ETF's

Analysis:

- Support & Resistance
- Trend Line Analysis
- Liquidity Points

T1: Target 1
T2: Target 2

Opinion:

I was going to wait to post until the new year but price has enticed me to make my view known!

I believe December is going to end as a red month and the beginning of 2024 is going to be rough...

We may or may not get a retest to previous swing high but I have laid out my projection...

Again to be clear, I am okay if the timing is slightly off as I care more about the general direction and overall move...

Ask yourself, when have the big boys allowed the majority of retail to make money before any significant price changes?

We have the ETFs on the way and the Halving...

Do you really believe they will allow the majority of traders to ride the rocket ship up?

Or does it make more sense to drop price significantly before the halving and ETFs so they can liquidate a good amount of traders and scare away good buys?

Only time will tell but I have made my view known in advance...

I will update as price moves along and good luck bulls cause the bears are coming to town

I am still long term bullish overall but I do not believe the bull run has started nor will it start until after ETFs and halving!

Comment:

Here comes the retest to the previous swing high as mentioned above

Be careful bulls

Comment:

Weaker retest than anticipated

Market makers must have enough retail traders trapped long at 44.6

This *may* mean that the rest of the month will end red....

Bulls have been warned...

Comment:

Down we go...

Comment:

Ohhhhhhh bitty why do you love to torture the bulls so much

Funny how one day of price action can change the mood of retail

View remains the same...

Figured they were done with retest but I guess not

Couple more day until the pain....

Comment:

Ill also add that there will most likely be some news event that comes out before the end of the year...

Remember they love to use the news as the "excuse" for why price moves a certain way

Next update will be in a few days

Comment:

Moment of truth...

Double Top incoming

I believe bitty will tap past 44.6 to activate the breakout orders

This will also liquidate the bears who shorted the first leg

Then bitty will drop hard to end the year

Pay attention as this is the 3rd swipe at the trend line as well

Let their be PAIN

Comment:

Well bitty might want to hold that first leg

Either way drop inbound

Respect the trend line haha

Bulls in trouble

Comment:

Merry Xmas!

Hope everyone is enjoying their day with their families

I see bitty is rejecting off the trend line as expected...

Get ready for a bumpy ride and buckle up bulls cause its almost time!

Comment:

Would you look at that?!?!?

Did I call it or did I call it?

Boom

Oh just wait bulls haha

Keep looking for "support"

Pay attention and watch how quickly we drop before these ETFs and halving...

Bears in town ;)

Comment:

Looks like bitty wants to do a 3rd swipe at the high

This will commit even more money long

Again I can only warn the bulls

A double top is nice but a triple top is even nicer

Think like a market maker

If everyone is expecting the breakout what makes more sense?

I would trap the money at 44k and then drop back leaving even more liquidity when the true bull run starts

Comment:

Looking good

Trend Line is being respected

Bulls in denial

Just wait until we break 40K mentally that is going to destroy a lot of bulls

Again I say all this jokingly as I am not against bulls or bears even

I simply trade the directional bias of the market

I am one of the few that happen to catch the turning points quicker before majority of market catches on

Comment:

Well as we close out 2023 I hope those following my page reached their trading goals

If you did not then go back and look where you make mistakes and either improve or change some things up

Understand, whether you are bullish or bearish price doesn't care and will do what it wants

Trading should be fun and not stressful

Whether this chart plays out or not I enjoy trading/charting and will continue to enjoy it because I make money

Now back to regular schedule programming...

Bulls REKT

hahahahahahahahhahaha jk jk

No but seriously....good luck in January bulls you are going to need it

Comment:

Look at bitty! The back and forth was driving me crazy so Im glad bitty finally is moving I can go back to my comments above about the 3rd swipe I still believe in my analysis and believe January will be a red month Timing could have been better so now I wait Bulls dont get excited because its also beg of month and beg of a new year so expect significant moves Remember.....No bull run until AFTER ETFs and HALVING

sorry I accidentally posted in the comment section while on my phone

Comment:

BOOM

Called it

I told you all that the breakout was a TRAP

Comment:

Also they will most likely delay the ETFs which will drop price even further

Bulls we are headed lower stop fighting it haha

Comment:

Well looks like price has invalidated my analysis

I will adjust and re analyze

I have no issue admitting when I am wrong

I will get the next one :)

Comment:

Had to come back to this one!

My timing was off again but dang look at that drop!

Bulls in trouble

Comment:

Maybe I should do a new chart and tie it to this one :)

Comment:

Well would you look at that haha

Talk about coming back from the dead

Well bitty reach for my targets and as you can see price is past the emoji face

Whats the current sentiment? lmfao

Sorry bulls