Bitcoin trading stragegy Jan 22,2025

Welcome back to the #Bitcoin trading strategy video series on the Nga Ha Book Review channel. It’s past 1 AM on January 22, 2025.

As I shared in my recent videos, the previous cycle concluded with whales and sharks shifting the trend to wipe out the sellers on January 16. After completing the sell-off yesterday, Bitcoin’s price has now entered a new trend, resuming its upward momentum. This is merely my perspective and doesn’t necessarily reflect the future intentions of the whales. I always emphasize that whales. sharkies are highly unpredictable. Once they notice a large crowd following their moves, they often change direction to disrupt the signals, creating fear among the crowd.

In this analysis, since the price and chart have shifted, I need to adapt to the new cycle. Therefore, I will adjust and draw a new estimated cycle. This is identified as a hypothetical estimate. If the whales, sharkies confirm this hypothetical direction, we will continue to follow them. If they change direction, we will adapt accordingly.

I will redraw the trendline, starting from the previous low and extending it to the most recently established high. From there, we’ll monitor the price movement. My trading methods are detailed in the book, which you can purchase to learn more.

Currently, the price is very close to a new trendline touchpoint. We need to carefully monitor the 1-hour chart to see if there is selling pressure in this area.
If selling pressure is present, a sell order can be executed with the mindset of cutting losses immediately if the trend moves against us. In my view, one should never go against the trend. While the new trend is upward, the price is currently at a key touchpoint, and such points often see strong selling pressure.

The probability here is still 50/50. Since the situation is uncertain, it’s crucial to be ready to cut losses if taking a risk on this opportunity.

#bitcoinpredictions

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https://youtu.be/yaveLdGmRvE