Crypto total market cap made a good correctionTotal 2 is in an uptrend channel that until 2 days ago had to show signs from correction to below the channel to the support of 1.49, when the buyers appeared strong again and the train returned to its rails and we expect the roof of the uptrend channel to continue moving. In general, there is a sensitive support point that must be carefully monitored. It is possible to correct it again, which is less likely than before. If nothing special happens, it will continue to rise, otherwise it will return to the lines we have specified and correct. This analysis is for yesterday, when the second case of collapse occurred. In any case, now is a good time to buy at the discounted price that has happened in the market
TOTAL2
Alt market wants to explode to 2.4 trillionIn order to do so however it must first break out o this cup and handle pattern it has been forming. Many alts at the moment including Ethereum and Tezos are in similar cup and handle patterns. Just waiting on price action to firmly break above the rimline o the cup and lip it to solidified support first before we can confirm the breakout. It could take it’s sweet time locating just under the rimline for multiple daily candles before I ally breaking above. It could be as early as tomorrows candle or it could be multiple weeks away still. Whales may very well be waiting until they see a bunch of people flipping their alt holdings into btc before they finally try to trigger the total2 c&h breakout. Either way, I don’t anticipate most alts currently in a c&h having their breakout until we see the total 2 chart confirm its breakout. My guess is we will see the breakout sooner rather than later as I anticipate the 1 day 50ma(in orange) will maintain solid support and help to lift price action above the rimline and keep it there.
BTC/USD ($63k Acted Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is rejected near the 70k dollar psychological level
-An ugly -9% move hitting my swing trades stop-loss location
-Most altcoins are affected with this move recently invalidating some bullish structures of altcoins
-But looking at price structure, BTC reacted at previous local resistance at 63k dollars
-This level is a confluence of EMA19 and Fib 0.5 area which is a good potential support
-We have now a new strong resistance at 69k dollars and immediate support at 63k dollars
-The uptrend is still intact as long as the bulls can defend this support
-I took small losses on my swing trades but I have already updated my watchlist for new ideas
-Guys, if you got stopped out too, don't worry the market is full of oppurtunity
-You just have to look for coins that remain bullish and hold their current support levels
-The good thing also is the BTC dominance level is back at value 43 again which is a good sign for Alts
-So we will have another oppurtunity once BTC shows new strength or consolidate at support
-Good luck and keep safe everyone!
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BTC/USD (Test ATH Price?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the EMA 23 and Fib 0.236 from my last update
-A strong entry by the bulls and the price is back above 66k dollars
-If BTC breaks into new ATH, the Fib extension are the potential targets
-But if a failure to break 67k dollars, a test of 63k dollar support is likely
-The price action is bullish again and the same with the Altcoins space
-Since my existing swing trades has hit their targets
-I have opened new positions for potential movers in the coming days
-Make sure to follow strong coins or look for Alts ready for trend reversal only
-Good luck everyone, stay safe!
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BTC/USD (60k Dollars Acting Support?)💎Technical Analysis Summary💎
BTC/USD
-Not much update today, Bitcoin is retesting its local support around 60k dollars
-As long as the bulls can maintain above this region with the confluence of Fib 0.236 and EMA23
-The chances to form a bullish pattern is still in play in the coming days
-Regarding the Altcoin space, I have opened new positions since my existing trades are already in profits
-The Bitcoin Dominance keeps decreasing its value so we can expect another good rally for the Alts
-But always be careful and follow your stop loss location
-Because we will never know if BTC will move wild this weekend
-Once your trade is in your favor, always lock in some profits or move stop loss at breakeven
-This is always a part of your good risk management
-Good luck everyone and stay safe!
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BTC/USD (Strong Monthly Candle?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin finishes the monthly candle of October above 58k dollars
-That is a strong bullish green candle and hit a new ATH price
-Very interesting month of November for the crypto space
-If the overall market condition turns out well this month
-We could expect a good run for the Altcoins again
-I'm holding new positions in profit and waiting for other trades to materialize
-I will provide a new update for BTC tomorrow using the daily time frame
-Good luck and stay safe everyone!
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TOTAL2 Analysis 4HR (altcoin market)Repeating ABCD pattern
Either this occurs or a breakout to the upside out of the channel that has formed on this timeframe
1234 and ABCD are separate formations, with ABCD forecasted to repeat
Linking a longer term analysis of the same ticker for those who are looking to hodl for a long time
As we said, Altcoins are recovering and then growingTo the past analysis i told you BTC .D are making head and shoulders and go down and this happen is good for Altcoins , Now Altcoins are recovering and then grow up and we see good pump in the Altcoins .
To the new chart of TOTAL2 you can see this ascending pattern too (Conversely head and shoulders means pump ) .
Really in the past of BTC .D analysis i told about head and shoulders pattern in TOTAL2 and going up ,So you can see !!
Have a good time :)
BTC/USD (Fib 0.382 Acted Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the Fib .382 level and manages to hold above EMA 23
-This is a strong bullish sign in the short term price action
-BTC might be also forming a bullish descending channel
-If the buyers can hold above 59k dollars until next week
-And we see a good breakout of this channel with decent volume
-We could expect a potential upside continuation this month of November
-Many Altcoins pulled back recently and I have closed some positions
-To protect my capital and keep my profits intact
-I can see many strong altcoins are still bullish
-I expect them to continue their rally if the market condition goes well
-I will re-enter new positions again once my confirmation bias is activated
-As I said before, only trade those strong coins
-Because those coins will definitely follow the trend of BTC
-Good luck everyone and stay safe
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TOTAL2 Cup and Handle ideaAn idea showing a cup and handle comparison with one we have already seen on the way up during this bullrun
Last time at this stage a bullish, very bullish move was experienced, will it play out like before?
Very different price action but I still consider both Cup and Handle
Get ready! Altcoin Total 2 Cup n Handle pointing to 4 Trillionthe total crypto market cap excluding BTC is showing a cup n handle formation. break out target is somewhere 3,7-4 trillion. break out point seems to be the new month. in 4 days we are Closing the monthly candle. you can see here that the handle is forming also a ascending triangle that comes to and end exactly when we switch the month.
big picture
BTC/USD ($59k Level Good Support?)💎Technical Analysis Summary💎
BTC/USD
-Not much update for Bitcoin today
-Currently testing the previous resistance level
-We can see the price is reacting to this horizontal support
-If the Buyers can sustain above this 59k dollar support
-Consolidate and form a potentially bullish pattern in the daily timeframe
-The chances to print another ATH price is likely to play out next month
-Most of the strong Altcoins I'm holding are receiving good returns lately
-If the BTC Dominance will continue to decrease its value
-Expect many Altcoins will perform well too next month, so be ready
-My advice is only to look for strong coins that have a bullish structure
-Bullish patterns that are ready to break out in the coming days
-Have a trading plan and proper stop loss location base on its structure
-Good luck guys and stay safe!
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BTC/USD (Test Previous Resistance?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin hit a new ATH recently but seems like a minor profit taking oppurtunity for others
-The price is now testing the 60k physiological support level and previous resistance area
-If BTC will consolidate within this support area and hold this level for a few days or weeks
-Then, another potential to break into a new ATH level is expected next month
-For the altcoins view, the BTC Dominance value started decreasing
-Which will give the Alts a breather to recover and potentially have their time
-I'm still into swing trades and will add more new positions once I see the good market condition
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
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Exercise Proper Risk Management 💱
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WELCOME TO ALT SEASONcome in grab some hors d'oeuvres
we will be popping champagne for the next 100 weeks or so
there are no assigned seats, you can even make money on some of the crappy altcoins
good luck in choosing
may the odds be ever in your favor
PS - I do expect alts to remain above, or supported by, the 18 moving average of lows
NFA!