Hello guys. Iโm Omar a crypto trader.I live on market blood riding Bull$ over all charts. Follow me and youโll see your binance balance fly high ๐
HOW TO MAKE USE OF THIS IMPORTANT INDICATOR THAT WILL HELP YOU HOW $BTC CHART WILL BE LIKE โ๏ธ๐ฅ
The ( CPI YOY ) is a key indicator for measuring inflation and changes in buying trends.
If this chart repeats the comparison, analysts who expect the next meeting to favor a rate cut will be shocked.
The red line shows previous behavior when inflation reached 2 and jumped to 14, while the blue line is currently preparing for something.
I placed a comparison of $BTC in the background. We notice that it rises with rising inflation and falls with it. However, in the blue box, when inflation fluctuates, #Bitcoinโ rises before an inflation rebound occurs.
This might happen in the next Federal Reserve report, God knows best
A point of view: Throughout Bitcoinโs history, the month of September after the halving tends to be either a period of calm or an upward trend, especially after mid-month. Have a look at this chart ๐ ๐๐ป
$SOL TURNS TO GREEN , ITโs NOT TO LATE TO HAVE A GOOD DEAL๐ค๐๐ฅ
$SOL is still disgusting cheap โ๏ธ
RSI is currently at 54.85. This is neither overbought nor oversold territory, as the RSI is considered overbought when above 70 and oversold when below 30, so it suggests that the market is relatively neutral right now.
Short-Term traders sell at $159.51. If SOL breaks above this, it could reach $167.50 by September. If not, it might dip back to $143 ๐
Long-Term traders hold By 2025, where SOL could hit $298 as market conditions and institutional adoption improve ๐
If you need to enter a fast deal you can Consider entering around $159 with a target of $167.50. Set a stop-loss below $143 to manage risk.
๐ Is $BTC Influenced by the Dollar? Will It Break the Trend โ๏ธ
In summary, the chart indicates that Bitcoinโs breakout was delayed due to the dollar breaking its trend and support levels.
The dollar is not far from its target of 97-94. If Bitcoin delays further, its main peak target will be close, not as high as many expect, unless it jumps strongly and quickly, potentially reaching 150,000 - 170,000.
Based on the current movement, Bitcoinโs main peak is between 110,000 - 120,000 unless it achieves these numbers early before the end of April 2025.
When Bitcoin dominance decreases, it often signals a shift in the cryptocurrency market dynamics. Here are some key implications:
๐ฅ Altcoin Season: A decrease in Bitcoin dominance typically heralds the beginning of an โaltseason,โ where altcoins (alternative cryptocurrencies to Bitcoin) experience significant price increases ๐ relative to both Bitcoin and the US dollar. This is driven by investors diversifying their portfolios into various altcoin projects.
Increased Altcoin Investment: Investors may start allocating more funds to altcoins, driven by innovation, market speculation, or shifts in sentiment. This can lead to a broader acceptance and growth of altcoins ๐ฅ
Market Diversification: The overall cryptocurrency market becomes more diversified, with a wider range of projects gaining attention and investment ๐
Potential for Higher Returns: During periods of decreased Bitcoin dominance, some altcoins can offer higher returns compared to Bitcoin, attracting more speculative investments ๐ธ
๐จ Risk and Volatility: While the potential for higher returns exists, investing in altcoins can also be riskier and more volatile compared to Bitcoin. Itโs essential to conduct thorough research and be cautious.
VIX ; After rising 340% in a week and causing market tension, it is now historically plummeting sharply, and the markets should react upwards in response to this movement.
BTCVIX After we integrated the index with Bitcoin at the top of the chart, it shows the candle responsible for the strong Bitcoin drop a few days ago. Breaking through this candle, I expect it to precede Bitcoinโs movement.
FUNDS TAKE ADVANTAGE OF ANY $BTC DECLINE AND THE FLOWS CONTINUE TO RISE โผ๏ธ
Funds, especially institutional investors, often employ a strategy known as โbuying the dipโ to take advantage of Bitcoin price declines.
Hereโs how it works:
๐ฅAccumulation During Dips: When Bitcoinโs price drops, funds purchase more Bitcoin at the lower price. This allows them to accumulate more assets at a discount, anticipating that the price will rise again in the future.
๐ฅMarket Sentiment: Large purchases during dips can help stabilize the market and even drive prices back up, as it signals confidence in Bitcoinโs long-term value.
๐ฅDiversification and Hedging: Funds may also use Bitcoin as part of a diversified portfolio. Buying during dips helps them maintain a balanced investment strategy and hedge against other market risks.
๐ฅIncreased Inflows: As funds continue to buy during dips, it attracts more investors who see the potential for future gains. This leads to increased inflows into Bitcoin and other cryptocurrencies.
๐ฅLong-Term Holding: Many funds are in it for the long haul. They buy during dips and hold onto their assets, waiting for significant price appreciation over time.
This strategy is part of why you might see continuous inflows into Bitcoin, even during periods of price volatility. Are you considering any similar strategies for your investments?
$BTC price vulnerable to $44k drop if support fails โ๏ธ
Bitcoin's recent price rally has hit a roadblock, raising concerns that the cryptocurrency could face a significant 25% decline in the upcoming weeks. ๐
Technically, Bitcoin faces substantial risks. It has already formed the highly-feared death cross pattern as the 50-day and 200-day Simple Moving Averages have crossed each other.
Additionally, the two lines of the MACD indicator have slipped below the neutral point. At the same time, as shown above, Bitcoin has formed a series of lower lows and lower highs, indicating a downtrend.
Therefore, a drop below this monthโs low of $49,000 will be a sign that bears have prevailed and that the falling broadening wedge pattern has been invalidated.
Such a move could lead to a further decline to the 50% Fibonacci Retracement point at $44,900, which is 25% below the Aug. 13 level.
Keep your eyes on the chart and be careful ๐
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