The Fibonacci base breakout technique can be an effective tool for mapping targets and potential trend continuations after a sideways phase. However, due to its non-standard nature, traders need to backtest, implement strict risk management, and not rely solely on a single indicator.

Beyond technological and fundamental aspects, investors also need to understand the highly volatile dynamics of the crypto market. Prices can rise dramatically in a short period of time, but they can also fall sharply due to global sentiment, regulation, or the movements of major investors.

In my opinion, Launchpool remains part of the volatile crypto ecosystem. If managed realistically and with discipline, it can be a decent source of passive income. However, if you simply follow the crowd because you see others making a profit, you could potentially end up losing money, especially during unfavorable market conditions.

Congratulations to eaforex5 for winning the daily contest for January 30, 2026!

I congratulate eaforex5 as the winner of the daily contest on January 30, 2026

Since my last post in November, Bitcoin has dropped about $28000. I actually posted it even before November in another topic. So there was plenty of time to get out of the way of this big drop. And everything I said in my previous post still remains true. For example, not a single penny has ever been spent on a so-called Bitcoin Reserve.

There is a new chart pattern though, which if I'm correct, will see Bitcoin fall down to $35000! There is a Head & Shoulders pattern with good clarity on the reliable weekly time frame chart.



Bitcoin is currently testing the neckline support of this pattern. So it's too early to tell, but when combined with the long-term logarithmic chart I posted before, the outcome becomes clear. It is very probable that the neckline support will fail. The target is a measured move from the top of the head to the neckline. I expect the target to be reached in 2026.

The signs are everywhere, but unfortunately many suckers will believe all the lies and hype out there and will ride this the whole way down!