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<p>In an analysis by top trader CryptoAmsterdam, the crypto market appears poised for dynamic shifts. CryptoAmsterdam, known for his acute market predictions, has shared valuable insights into the behavior of Bitcoin and Altcoins. His analysis, focusing on medium to long-term trends, highlights strategic entry points for both types of crypto assets.</p>
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   <p lang="en" dir="ltr">| Market update | <br><br>&gt; Bitcoin<br>&gt; Altcoins<br><br>1. Bitcoin<br><br>The medium-term outlook is pretty simple since we formed a range at the higher time frame range high. <br><br>Trigger 1: <br>Reclaim the range low we lost, and the probability of a move into the range high + bull market continuation… <a href="https://t.co/PdtFs9zJKj" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PdtFs9zJKj</a></p>— CryptoAmsterdam (@damskotrades) <a href="https://twitter.com/damskotrades/status/1810991841191313452?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 10, 2024</a>
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<h2 class="wp-block-heading" id="strong-bitcoin-s-market-behavior-and-strategic-triggers-strong"><strong>Bitcoin’s Market Behavior and Strategic Triggers</strong></h2>
<p>CryptoAmsterdam describes Bitcoin’s current situation as a range formation at the higher time frame range high. This setup creates two potential scenarios for traders to consider.</p>
<h3 class="wp-block-heading" id="strong-trigger-1-range-low-reclamation-strong"><strong>Trigger 1: Range Low Reclamation</strong></h3>
<p>The first trigger involves reclaiming the recently lost range low. If Bitcoin manages to achieve this, the probability of a move towards the range high increases. Furthermore, this could potentially signal a continuation of the bull market above the current levels.</p>
<h3 class="wp-block-heading" id="strong-trigger-2-no-trade-zone-and-downside-risk-strong"><strong>Trigger 2: No-Trade Zone and Downside Risk</strong></h3>
<p>Currently, Bitcoin finds itself in a no-trade zone between the deviation low and the range low. A drop below this zone could indicate an increased likelihood of another leg down.&nbsp;</p>
<p>CryptoAmsterdam identifies the low 50s as an area of interest, coinciding with the higher time frame mid-range.</p>
<h2 class="wp-block-heading" id="strong-altcoin-s-cycle-and-entry-strategy-strong"><strong>Altcoin’s Cycle and Entry Strategy</strong></h2>
<p>CryptoAmsterdam points out that the total altcoin market cap is currently in stage 4, the disbelief phase. This phase typically occurs when Bitcoin has already reached the range high in stage 5 of its cycle.</p>
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<p>The analyst suggests a straightforward setup for altcoins based on the higher time frame range. This strategy involves buying in the lowest quarter of the range, as close as possible to the range low. Traders can then scale out their positions in the highest quarter and above.</p>
<p>For those seeking short-term entries or looking to add to existing positions, the analyst offers two potential approaches. The first involves buying at the range low demand box.&nbsp;</p>
<p>Alternatively, traders can wait for the flip of the 0.25 (first range quarter resistance) into support as a trigger for altcoin continuation.</p>
<p>CryptoAmsterdam emphasizes the importance of timing in altcoin investments. The analyst suggests that those who missed buying during recent panic-induced price drops may face challenges in maximizing returns during this cycle.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/sats-1000sats-crypto-price-is-pumping-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>SATS (1000SATS) Crypto Price is Pumping; Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-practical-applications-and-market-movements-strong"><strong>Practical Applications and Market Movements</strong></h2>
<p>CryptoAmsterdam’s approach emphasizes patience and strategic entries rather than reactive trading. This method aims to maximize potential gains by entering at optimal points and scaling out when targets are achieved.&nbsp;</p>
<p>His analysis, while detailed, caters to traders who are versed in coping with the volatility of the crypto markets. He provides them with a structured pathway through the intricate cycles of crypto valuations.</p>
<p>Therefore, CryptoAmsterdam’s detailed examination of the state of Bitcoin and Altcoins provides a blueprint for traders looking to navigate these turbulent markets.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/expert-draws-out-bitcoin-btc-price-short-term-trajectory-reveals-when-altcoins-will-finally-pump/" rel="noopener noreferrer nofollow">Expert Draws Out Bitcoin (BTC) Price Short-Term Trajectory: Reveals When Altcoins Will Finally Pump</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Draws Out Bitcoin (BTC) Price Short-Term Trajectory: Reveals When Altcoins Will Finally Pump

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