BTC/USD (Daily Fib .382 Acting Support)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin today's price action is still respecting the Fib .382 support area
-The 50D Moving Average again acting as a dynamic support range
-The bulls need to act fast and regain above 46k level to bring back momentum
-If we want to see any signs of strength, the faster the 46k is regained the better
-At least 2-3 daily candles above 46k level is a good sign for the short term
-Regarding the Altcoin space, some are recovering fast but most are stagnant
-There is no clear path for Bitcoin as of the moment
-Please be cautious and use a proper stop loss if you are in a trade
-Because if things go against you, you will only encounter a small loss
-Good luck traders and stay safe!
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TOTAL2
TOTAL MARKETCAP!The Total Index was within the resistance range to which it reacted and experienced a relatively heavy correction market. According to the 4-hour chart, Total was moving within a bullish corner pattern, which, with its loss, seems to have entered a corrective phase in the market.Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
BTC/USD (50D Moving Average = Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin price drops by almost -20% hurting the overall market space
-The price touches the mid support area and we can see a strong reaction
-The 0.382-0.5 Fib area is a confluence of the 50D Moving Average plus S/R
-We can say the 52k dollar is the new swing top needs to break
-And Bitcoin is ready for a longer consolidation between 52k-42k dollars
-As long as this green support area remains valid for the month of September
-There is still a good chance we see BTC goes above 50k again
-I hope many have managed to follow their stop-loss or reduced their position
-I do not recommend buying at the current market price
-Because we do not know if the Bears has more gas left
-The best way is to wait for any signs of strength especially in the lower timeframes
-I'll give an update as soon as we have new data to back up our bullish bias
-Stay safe and always follow your trading plan
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Crypto Market Capitalization is touching last ATH'sCrypto Market with BTC still has a little road to go until last ATH (red line), but TOTAL ALTS capitalization(without BTC) is touching his last ATH, so its at crucial point right now.
Be careful, tomorrow BTC has a fundamental with El Salvador making it legal money, this can lead to a new 2021 Bull Run or could be the start of a correction, as BTC is touching 68.70% Fibo right now at 52.500.
Regards.
Eng Alexa.
Total2Crypto Market Cap is approaching its resistance
Save profits in the market is evident by big money
If the resistance is broken by force (which is unlikely) the uptrend will continue
Otherwise, after a temporary growth, we will see a correction in the market
Be careful in your purchases and do not forget to save profit
Good luck
Bitcoin or Altcoins?April 2020 - April 2021 :
Total outperform Bitcoin by 27%
April 2021 - September 2021:
The gap is still 27%
Now let's look at Total 2 and compare it with Bitcoin:
April 2020 - April 2021 :
Total outperform Bitcoin by 660%
April 2021 - September 2021:
The gap is 60%
This comparison clearly shows people tend to invest and trade altcoins..! while Total2 is approaching its all-time high, bitcoin is 25% below its All-time high..!
The story for Ethereum is different!
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Update long term crypto market analysis (#total2 ) $alts #Altseason #Cryptos
Update long term crypto market analysis (#total2 )
*Double top 1: Wave 3 of main cycle, end of 4 years repetitive cycle (Novembre 1-15).
*Double top 2: Wave 5, end of lengthening cycle (June 2022-June 2023).
*Final target: between 0,382 and 0,5 of last cycle.
BTC/USD (Back at 50k Dollar)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the EMA19 for the 4th time
-This 46k-47k area is now confirmed as a key level
-Currently, BTC is trading just above 50k
-The daily wick resistance is only a few dollars away
-Very good sign for the overall market space condition
-If BTC can hold above 50k for at least a week
-I think the next stop is 53k dollars or higher
-Regarding the altcoins, many are performing well
-Some are getting ready for another potential leg up
-Due to the strong drop by the BTC.Dominance chart
-Which I posted an update last August 29
-Good luck and stay safe everyone!
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BTC/USD (Short Term Consolidation?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is trying to hold the 48k short term key area
-With the confluence of Fib support and Moving Averages
-If BTC can make this level survive for the next 24 hours
-I think we will have a higher chance of retesting the 50k dollar
-If this happens, I'm expecting a good start trading week
-I'm on the strong altcoins already and getting ready for a new leg up
-Make sure to have a stop loss is placed once your trade is in profit
-Always manage your risk and let your winners ride
-Good luck and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
Arweave is the future of storage (80$ next week)Arweave is the future of storage. Permanent storage. One time payment.
SOL + AR = A match made in heaven.
Chart is daily time frame,
RSI is calming down and ready for next leg up.
We are looking to hit 1.68 fib, but may go beyond and visit 100$
I will sell 15% of my holdings at 80$, keeping rest for grandchildren.
When will we see TP1: Next 2 weeks.
Why will it move: Massive momentum, rumors has it that bigger companies like Apple, Coca-Cola and NY Times are looking at this coin.
Ranked at around #80 Marketcap on Coinmarketcap, this is a top 20 coin (ATLEAST!)
It's a good buy, please do your own research before you pour money into projects.