🤔 Maybe, Just Maybe: Time for ALTs to Rise? 🚀📈"In this video, I provide an analysis of the current Bitcoin 🪙 market and discuss potential trading opportunities 📈. I highlight key support and resistance levels 📊, as well as the possibility of a rebound ⬆️ or a further decline ⬇️. I also share my thoughts on altcoins 🌈 and their potential for growth 🌱. Watch this video to stay informed about the latest developments in the cryptocurrency market and make informed trading decisions 🤔.
BTC at resistance 🚫 (see the support levels you must know 📝)
Dominance at Resistance 🚫
Total at Support ✅
= MAYBE ALTS PUMP NEXT!!! 🚀
WATCH THE VIDEO 🎥:
Transcript straight from AI 🤖
L0:04 Okay, so time to take a look at Bitcoin 🪙 and target reach 26,800 but unfortunately rejections 😕. It's been a lovely trade with our entry 📈.
0:17 Right here at 25,106 multiple entries and we remain long on Bitcoin 📈. In the meantime, Beautiful day, Axial Infinity 🌈, not an asset I usually tend to buy 🤷.
0:33 I don't like it to be honest, but a very nice rejection over here and we had the chance to go for a short position and taking profit exactly as expected right there 💰.
0:46 Position is still open, but profit has been taken 🤑. So we'll see if the market slides, if it fails and we're going to take a look at the Bitcoin levels we need to know 📊, then we're going to need to have short positions on 📉.
1:03 Now, let's take a look at this. At OP, which was, ah, one of the last ideas we posted buying this dip with optimism right there 🌈.
1:14 So taking a look at that has been very, very nice with a nice, ah, profit 🤑. And the target remains 1.5% 🎯.
1:21 So we're not that far. We're about halfway through. We're keeping this position 🤞. And just to remind you on the main chart for OP, okay, we bought this level here 🛒.
1:39 The channel and the targets could eventually go over 1.52 could go 1.83 or even 2.3 📈. So very promising trade. And of course, we didn't have to go lower and look for some support 🛡️.
1:54 So this trade is going really, really well 👍. All eyes will be on Bitcoin 🧐. So yes, where would we buy again?
2:03 First of all, let me get rid. Let's go to the four-hour chart. So it makes more sense 🕓. So this is where we stand here 📍.
2:14 Massive resistance going support 🚧. And this level has held now once, twice, that's three times 🔄. Okay. So if you have been following us 📣.
2:24 That's one. That's two. And the third and decisive one can be the big one 🎲. But of course, we need to stay focused because we have this 26,800 resistance and right about it.
2:39 Right above it is the 26,800 resistance. 27,000 resistance, which is a very strong psychological number 🧠. Okay. Right about here. On the way to, eventually, I believe we'll go and I believe it is happening at 28,900 📈.
2:57 94 the time being looking at the 15 minute chart. This is what we have. This is the structure that we have 📊.
3:04 So we are in the channel and support lies over here. Let me tell you exactly. Well, it's an ascending level as you understand 📈.
3:15 So around this level here at 26,390 there is the first big support for Bitcoin 🛡️. So we have alerts and we will know 🚨.
3:28 How to attain this. When the price goes there, it will be a possible support and a possible rebound ⬆️. That's the first level, which is it's a very valid and strong support 🛡️, but the strongest one 🏋️.
3:45 Is this conjunction here between 26,000, which again, it's a very strong psychological level 🧠, and 25,900. So will the price rebound from there and then test this level again, or 🤔.
4:01 Will it fail? And will it need to come down here? Okay. To test this channel 📉. Needless to say that if this channel is broken, then we're going much lower ⬇️.
4:12 But I don't think that is the case 🤔. I don't think that is the case. And we are. Yes. In an overbought area now on the 15 minute chart with a possible possible break for Bitcoin 📈.
4:26 But that doesn't mean that we cannot go higher and break these levels. Today, tonight, tomorrow 🌙. So we do have the support at 26,600 and the price could attempt to break outside the channel, which would be the bullish scenario 🐂.
4:47 So we need to be prepared for all scenarios 🤔. I don't think this is the greatest time to open new positions 🚫.
4:55 So we do have some positions. We do. We did take some profit today and we will wait to see if this level will be broken or if we will need to go lower ⏳.
5:05 This is pretty much what's happening on with alts and the market is full of opportunities like the opportunity to we have today with Axie Infinity, which by the way, we took it 🌈.
5:17 I posted today for everyone on training view about sandbox, which I believe could turn bullish going forward 📈. But how about we take a look at a couple more charts and I think the most important child would be the total three, which is on support and 📊.
5:36 And I see that there is a possibility of keeping this level, which is a massive level by the way 📈. Okay.
5:45 So the best scenario didn't happen to go all the way down there for the time being. We have support 🛡️. So a new loan 💵.
5:53 As long as we are over 319.4 billion dollars. That's total three. It excludes Bitcoin and Ethereum 📊. Okay. So alts are looking good right now 🌈.
6:08 How about we take a look at Bitcoin dominance next, which is at 50 and that is resistance 🚫. Okay. It is resistance and that's the resistance we had calculated using the Fibonacci 📊.
6:23 So we do have resistance. This stands for Bitcoin dominance, and we do have total three being over support 🛡️. So, hey, maybe just maybe we could prepare for a boost in the price 🚀.
6:42 Yes, my favorites, you know them STX, OPP, SNX. Those are my top favorite at this time 🌟. I'm going to make end sandbox 🏖️.
6:54 It's a, I believe sandbox it's added. Level that it has huge potential to rise exponentially 📈. It's had its problems and its troubles, but I believe it can do a lot better and STX which has escaped 🚀.
7:13 From the wedge and this resistance there. So that's trade. I'd like to go long on STX because the stop loss is would be close and the potential is for it to go higher 📈.
7:26 So I think I'm going to post about this on a trade. That will be the post coming up next 📝. Okay.
7:34 So that's it from me now. We took a look at the Bitcoin, the major asset, 26,666. Too many success. For my liking, I don't like it 😕.
7:48 So we'll be aware. We do have some mild support, but the main support is at $26,391 🛡️.
Take care 🙏,
Yours. The FX Professor🌟
