Just Another Shakeout: Bitcoin Is Already Recovering —Happy 2026
2024-12-21
Category: None

A shakeout? A major drop? A correction? A three days long correction? 

Bitcoin is already recovering...

I looked at the 1H chart and Bitcoin looks great.
I am seeing Bitcoin's price right now and the price is great. $97,000 is really strong.
I am seeing today's low at around $92,000 and this is also awesome, because it is a higher low compared to the shakeout that happened in December 5th.

So all is good.
Everything looks great.

In a previous idea I mentioned $100,000 on the daily timeframe. This level is obviously gone but it isn't far away.

I mentioned $90,000 weekly. This level is holding strong and it hasn't been tested yet, a signal of strength. $90,000 here matches EMA55 on the daily timeframe.

Bitcoin is ultra-bullish above $90,000.

The last level mentioned was $80,000 which would be relevant on the monthly timeframe. Seeing how Bitcoin is behaving now, this level isn't likely to be tested.

I think the whales are already satisfied with the billions upon billions they collected in profits. If the whales are satisfied, this means we can start the next phase. The next phase is up, it is a continuation of a long-term developing bullish wave.

But it doesn't move overnight. Bitcoin won't move overnight, it takes time to grow. We are looking at two months, late February, for maximum speed and maximum growth. But we can experience some high, some sideways, some consolidation while the Altcoins grow. Every now and then, a strong shakeout and this happens when the whales decide to get paid.

The good news is that the whales don't take profit very often, so the market can grow long-term.

Notice the shakeout, notice the swing, the volatility but notice how Bitcoin continues hyper-strong.

It doesn't matter what happens, we are going up.

Bitcoin is going up.
The Altcoins are going up.
This is only the start...

We are looking at the beginning of the 2025 bull-market, the end of 2024.

If you did good in the previous wave, congratulations, it is not the end, there will be more.

If you did poorly, stay strong. There is another opportunity right around the corner. Analyze your actions, review your mistakes; make sure to make it right on the next bullish wave.

Did you fail to take profits when prices were up?
Don't beat yourself, it is the same mistake we all make as we gain experience, it is part of the game.

Did you buy too late and are now holding a position in the red? No worries, patience is key, the market will soon be green again.

Did you use too much leverage and ended up buying in late November rather than August and weren't ready for the strong shakeout the market just experienced? Timing is of the essence... Take the loss and move on.

Switch from leverage to spot.
Reduce leverage.
A new opportunity develops and we can only lose if we give up.

You can only lose if you quit the game.
If you take the time to study, focus and prepare; you can earn huge profits in the 2025 bull-market.

Thank you for reading.

Namaste.