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!
⚠️Please always read the description⚠️
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Send me a message here PolarHusk 😊
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TOTAL2
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
⚠️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 ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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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!
⚠️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 ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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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 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
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!
The Altcoin Total2 Trade: Keeping it SimpleThis is another look at what I am calling "The Total2 trade" for alts. The I believe I see a fractal in Total2 which suggest an alt season could last more than a year.
Blow By blow
The light orange boxes show a multi-year consolidation on the altcoin market cap
That consolidation lead to an initial break out into the blue boxes. In 2016 we consolidated for months between the 1.414 and 1.618 levels of the alt coin bear market retracement
Currently Total2 is consolidating with the 1.414 acting as resistance with an apparent cup and handle continuation pattern. As of this writing we are less than 1% away from Total2's all time high with a massive bullish continuation pattern.
If we have another couple of days similar to recent price action the cup and handle will perform with a target that sees the market cap go up some 70%, perhaps by the end of the year.
My Conclusions
Based on the previous price action of Total2 I do not see this move stopping at the cup and handle target. Rather I suspect coins will have vicious corrections when each of the ".618" fib levels are reached on Total2. As this is a trade based on Total2 I don't really know what Bitcoin will be doing at this time. Bitcoin has chopped between 30 and 60k for a very long time at this point, almost 300 days. If BTC does the same after impulsing for a couple of months we could easily see a 3-4 month impulse on bitcoin while it reaches highs at or above $100k and then another 300 days as it tops and decides if it will create a bull or bear trap. Whether BTC resolves itself bearish or bullish in 9-12 months gives the alts time to go on a tear.
I am not a financial advisor but I will tell you what I am doing... I am taking coins that look bullish against btc and eth and looking to long those to target. What target? Well for my LTC trade I will be looking to close my margined longs where the fib levels showed relevance on the way down. In order to get a cleaner chart I have to look up LTCUSD/ETHUSD.
Misc Musings
As a neat thing to consider is the market cap of Gold or the SPX or some other major bench mark. In very short time the altcoin market could have more liquidity than the gold market. And a bit after that is the total market cap of the S&P500. Its almost crazy to consider. Another thing to think about is the almost 70T in wealth US baby boomers are estimated to put in the hands of their inheritors in the next 10 years or so. That wealth has to go somewhere. Also, it technology is suppose to revolutionize everything by being faster and cheaper than those savings have to go somewhere as well. I am kinda excited to see which crazy target we reach over the next year.
www.goldeneaglecoin.com
ycharts.com
www.forbes.com
New Altseason - Are You Ready? Hi, this is my new update for Total Market Cap Exclude BTC. We are ready to set a new ATH soon. We have completed a cup and handle and by the definition of cup and handle we are going to repeat bottom to top (127% gains) again when we are going to break ATH. We have already broken one of the must important trendline today, so everything is ready to takeoff, so be patient and don't panic ;)
BTC/USD (New All -Time High)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin printed a new All-Time high and is trading above 65k dollars today
-The price respected the 50W moving average since its correction phase
-Since BTC is now at a new level of trading, price discovery is likely to happen
-We can use fib extension to potentially look for taking profit zone can be
-But for now, let us enjoy this new achievement for Bitcoin
-For the altcoins, they are not receiving the best opportunity yet due to strong BTC Dominance
-But their time to shine and make us good profits is coming close
-BTW, I'm currently into swing trades lately and doing good now
-I only traded coins with a strong price structure to increase my market bias
-I will add more new positions once I see a good confirmation
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
Total 2, Why don't Altcoins move?!Hello my friend. This is the reason why Altcoins do not grow behind Bitcoin movement trend. The Total 2 is crypto market cap exclude BTC and now under major resistance. After break the resistance, they will grow very very well. You can consider it. Good luck.
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Write your comment and opinion below for me
BTC/USDT : Repetition and ALTs possible directionsBINANCE:BTCUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
BTC has followed the April's fractal as a repetition to break above the major resistance ( $50427.56 ).
Now it has reached another major resistance zone and most of the indicators are overheated, Also BTC's dominance is bouncing to %50's resistance zone.
So the most matched fractal repetition was happened on 2020's August !
As you can see they have all of the similar types :
- Golden cross
- Drop below the EMA50
- Ascending channel
- 1st liquidation event after the golden cross
There are the same information on both sides, Also on LTF ( 15 Minutes ) #BTC didn't retest the weekly high to gain more bullish volume, This will cause a massive drop after the breakout above the major resistances below ATH.
The 1st resistance zone is standing at ( $58000.01 - $59500.00 ). #BTC can bounce above the $58K after a engulf on it, But ATLs won't follow it and this will lead the market to crash again.
📊 Actually there will be a Bitcoin season with a correlation drop on BTC/ETH's chart.
Currently BTC/ETH's correlation rate is standing at 0.86, Recently it has reached the higher bullish trendline ( Which is controlling the movement from above ), Last time that Correlation movement reached this trendline it had 0.2 drop rate !
And now it's happened again, On current chart, There is a support located at 0.77 but if the pair rejects below it, It'll dive to lower support located at 0.66 rate; Which means that the new bullish cycle will be canceled for another year...
🔰 Let's also have a look on TOTAL2's chart :
There's a breakdown below the rising wedge, The target of the broken rising wedge will be at-least 12% drop and it means that the #TOTAL2 will be located on ~$1.1Trillion level after few weeks !
This means that #ALTs will suffer badly if dominance continue to grow; Have to mention that Most of the people are holding cheap prices ALTs like #ADA to have more management on their positional trades.
- #ALTs drop will lead #BTC to crash cause most of the new investors will quit market because of low liquidity on #ALTs !
📚 Based on the repetition, The main retest zones will be ( $51828.00 - $50382.41 ) and ( $48495.00 - $47634.89 ); There's a same pattern on 3rd October's candle with 3rd August's candle.
There was a major pullback from 3rd August's candle which's mind me to set a retest point on the repetition.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades