Bitcoin Market Insights and Trading Strategies

Dec 19, 2024

Lecture Notes: Bitcoin and Cryptocurrency Prices

Introduction

  • Bitcoin is coiling up for a big move.
  • Key question: Will this move be upwards or downwards?
  • Importance of understanding current tipping point for Bitcoin and cryptocurrency space.

Recent Updates and Personal Trading Insights

  • Significant profits taken on Bitcoin trade.
    • 10 million USD in realized profits.
    • 10 million USD in unrealized profits.
    • Ranked number one worldwide on Bybit exchange.

Community and Personal Reflections

  • Gratitude towards the community for support.
  • Addressing critics and showing proof of success.
  • Humility in sharing success.

Bitcoin’s Current Market Situation

  • Daily candles analysis:
    • Importance of maintaining the daily support.
    • Current status: Bitcoin holding the 40-day support.
    • If support holds, short-term bullish outlook.

Potential Market Movements

  • If support breaks:
    • Potential to retest $91,000.
    • Possible correction target at $85,000.

Trading Strategy

  • Taking profits while remaining in crypto.
  • Deleveraging portfolio by converting leverage trade profits to Bitcoin.
  • Difference between selling into USD and reallocating within crypto.

Final Thoughts and Next Steps

  • Importance of maintaining $99,000 level on a daily candle.
  • Calls to action:
    • Follow on Bybit for live trades and exclusive content.
    • Stay tuned for more updates.

Conclusion

  • Appreciation for community support.
  • Encourage viewers to stay engaged with future content.