• It has been almost 4 years since we began to fundamentally and technically narrate the cryptocurrency market. We will continue with our unique format: telling the truth and nothing but the truth, trying to anticipate future movements.

• Quarterly, Bitcoin maintains poor denial volume compared to previous cycles. There is also the threat of having a black swan in the economy.

• Monthly, we are just a few months away from fully considering a new bull run that will run in the direction of an Elliot wave 1.

• Weekly, the main asset of the cryptocurrency market will soon end its notorious correction and we will see how the price will go to another place on the moon.

End Year Strategy

We open the new quarter (Q3) of the year with Bitcoin maintaining a price fluctuation between $26111.87 and $27114.45. Performing a technical analysis, we observe that:

(1) Bitcoin quarterly Q3 continues cheap and neutral. But there is a possibility of economic recession according to the 20-period KDJ indicator, what many call the black swan phenomenon.

(2) Volume will be around 325,497k and 41,325k. We have recovered approximately 25% of the volume after correction. Ficam missing approximately 55.74% to reach ATH.

(3) Delta Volume in (B) meaning alternation of bass. Volatility betting for approximately $25169.12. Added to the above is the fact that there will be a crossover between volatility and trend composed of the curved linear regression, volatility index and the long-term purchase indicator.

(4) For support purposes, and in case a black swan exists, Bitcoin needs to resist at the exact support point of $26736.85. If there is weakness in that support, the most common thing is to look for its brakes at approximately $22911.58 and $22358.27; and in extreme cases we can step on $18021.11.

(5) The truth is that we are below the demand demanded by the market. Fact that causes the bulls to lose interest in placing new money in circulation for the main cryptocurrency in the market. But for long-term purposes, the resistant wall that we must break is between $34762.25 and $34918.01 and within the parameters of an Elliot wave 5.

Green Start

For the month of October, Bitcoin traders will have to face a tough task between deciding to let the price break the crossing of the monthly 30-period moving average with the 50-period simple moving average.

The reality is that we could face an oscillating supply and demand between $25,432.81 and $27,337.55. But we cannot rule out the possibility that a good starting point is exactly $24846.32, with a weighted average price volatility of more or less $22634.36. Elliot wave 1 development still developing.

Highlight of the case is that the delta volume remains in the form of (B) with volume index with downward divergence. However, the positive thing about the case is that there are only a few months left to see a deployment towards confirmation.

Business Investment Fund

Between this week that begins and last, what stood out and will stand out the most will be the following points, according to various external sources:

(1) ETFs approved, new paths: Ethereum ETF Approval by Valkyrie marks a milestone, intensifying competition and exploring new horizons for cryptocurrencies.

(2) Democratization and Evolution in the Financial Horizon: Bitcoin ETFs are emerging as catalysts for change, with early approval that could redefine the financial landscape.

(3) Crypto to the Cloud: Alliance between Google Cloud and Polygon highlights the commitment to decentralized technology, beyond market fluctuations.

(4) Shutdown Impact on the Crypto Ecosystem: Crypto ecosystem shows resilience and stability during the imminent US government shutdown, highlighting its strength as a financial alternative.

To all of the above, we add that the main digital asset in the market must strongly break the 20-period exponential moving average and exactly at $27173.88.

In that order of ideas, little by little the 50-period moving average is seeking to cross gold with the 200-period moving average, which for now is located in a price range between $24574.36 and 27965.63.

Some traders and influencers say that Bitcoin is creating a bullish diamond pattern. This pattern can be confirmed if the break mentioned above exists and crosses the Tekan-Sen line at approximately $27566.24, with a volatile average at $28491.67.

Final Recommendations

Remember that this article was written hours before the official launch of the investment funds, so we recommend staying calm and making an intelligent decision about a possible entry.

At no time do we want you to express euphoria or do unheard of things that jeopardize your investments. Therefore, it is best to see how the negotiations of these funds will develop, and if there is high volatility, consider the best entry according to your criteria.

We deeply hope that you are also clear that the analyzes presented here are for the long and medium term. So, if you are considering a long entry, please do as much risk management as possible while decreasing your chart trading time.

See you next time...

Last article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Remember that all information presented here is a combination of third party data added to our personal opinion.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Rubikkav.

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