BTC/USDT (Breakout or Down?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin in the short term is currently respecting the 20MA in the 4H timeframe
-The price bounce back up after few minutes of trading
-Currently, it is testing its recent All-time high price of around 58k dollars
-Can we see Bitcoin reach new price discovery? or form a double top reversal?
-This is a battle between Bulls and Bears within 24-48 hours
-For me, as long as the fast-moving average 20 is holding, I'm leaning towards the bull
-Unless we close and rejected by the 20MA, then my bias will shift to the downside
-Please plan your next trade and always follow your trading rules
-We will see a breakout soon, watch the market carefully
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TOTAL2
Late March/April Crash - Get ReadyI know people hate these and want to stick their head in the sand lol, so do I but I want to be realistic. We're approaching a major major resistance line, I think there will be a huge 70%-80% pullback. Short term within the next month I think we go up until that resistance but soon we will hit it.
BUT if you're in cash or just hold through it you will bank! I think the real party gets started after the crash, I really don't think the party is over anytime soon, I expect something similiar to happen with the stock market (not 70-80% pullback of course) but a smaller correction and then the real party starts and crypto and stocks go crazy high.
Doesn't mean this will happen for sure, but I really see it happening at that resistance.
Where is the TOP for the market? Using Fibonacci time and identifying base structures we can use this tool to identify when the next top will be
0.618 was favored in the last bull run as a top point and will likely be favored again
This top aligns with June 2022, so we have a lot of the bull run left
I haven't assigned a top point because this could absolutely m00n, and just knowing the time is enough imo
I have done a lot of research into TOTAL2, here is some of my previous ideas
BTC/USDT (Good Sign of Strength?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is showing signs of strength today
-As the price respected the 9MA in the daily chart
-It also confirmed support of around 48k dollars
-If we want to see a more Bullish scenario
-BTC has to break above the trendline resistance
-And hold for a few days to invalidate the potential fake out
-We still have few hours left before this candle closes
-The weekly candle will potential show a good sign
-To invalidate the previous bearish engulfing weekly candle
-I think we will have more sideways trading action this week
-This will give a good oppurtunity for the Altcoins
-Stay healthy and always plan your next trade setup
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
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TOTAL2 Price Discovery ContinuationCrypto Market Cap Excluding BTC is looking
very bullish.
Ichimoku is bullish as can be:
-Kumo cloud is green
-Tenkan is above the Kijun
-TK is above the cloud
-Lagging span is well above price and cloud
-No C Clamps forming calling for correction
-Tenkan as the first line of support of the
Ichimoku system was tested last week and
the price bounced off there beautifully
Moving Averages are looking bullish:
-MA7 (not pictured) acted as support well last week
-MA7 is well above MA30
-MA30 is above EMA100 both are curling up nicely
Volume these last few months have been huge.
If price closes here above $575B or even just green
in general it will confirm the positive retest
flipping the previous Jan 2018 All Time High
resistance to support and we should expect upward
price expansion to continue, first targets being
the Fibonacci retracement lines of
1.618 @$749.398B
2.618 @$1.19T
3.618 @$1.63T
4.238 @$1.902
I fully expect this market cap to grow
exponentially more than where we are now past
these fib lines for these coming years.
Especially considering how much attention
finally cryptos are getting by institutional
investors and the mainstream populous in
general realizing the validity in blockchain and
decentralization as the big technological
advancement of this generation.
This is just the beginning of worldwide eye opening,
media attention and exponential growth in this
market.
Allocate your assets accordingly.
The Irony Within the Market - UGLYI know beauty is all about perspective, so here's mine
This is an ugly formation
While NFT's (digital artwork) within the Ethereum community continue to explode, an array is present, and as they cement their place
We are stuck with this ugly (W) formation on the Altcoin market
I just find it Ironic, I had to post
Maybe irony presents a form of truth?
Above is a long term chart of the altcoin market of mine, hopefully it provides clarity
Blueprint BTC/USDThe bottom was December 15, 2018. Just look at the charts. We are in a bull market. BTC market-cap will continue to grow until 1.5 trillion, but dominance will settle down to only 40% - 46%. Any large cap alt coin (XRP, ETH, LTC, IOTA, etc...) stands a chance to temporarily dethrone the Bitcoin, as market-cap will trend towards more even distribution. The flippening, that would be interesting!
Enjoyed viewing my idea? Leave a like!
Do you disagree with this analysis? Please, leave a comment and tell me how you think I could improve in the future.
I am not a financial adviser, this is NOT financial advice.
Evaluating the Bullruns StrengthIt can be seen within the present bull run that BTC is outperforming ALTS (Aggressive Alligator Spread)
While in the previous bull run ALTS outperformed BTC to a degree (Aggressive Alligator Spread)
What is the cause for this changed?
Possibly the introduction of larger institutions entering into Bitcoin, but something tells me its the saturation of the altcoin market that has allowed for this to occur. More altcoins = dispersed opportunity.
Comment your thoughts below,
I'll link the Alligator indicator below for you guys :D
Altcoin Crypto Market to $50T by May 2022 ($TOTAL2)I've used a basic understanding that the market cap during the last bull run of 2018 grew approximately 10000 times from the bottom. I used one order of magnitude less for this target (1000 times from the bottom) to reach the upper end of a fibonacci target. We may find a short term peak somewhere in April 2021 after a precipitous spike, followed by the completion of the time fractal into a top around 50T at May 2022. From there, I would expect a similar 90% retrace as seen in previous crypto bearish cycles, and then possible a 100 times move from the bottom (one less order of magnitude again) to continue the move towards 500T market cap sometime in 2027.
#ALTMARKETCAP on Support! Keep CALM!Welcome to this quick update.
ALTMARKET CAP : Reason I have been covering this up again and again and not just a particular coin is the growth of every altcoin depends on this chart.
If it's bullish every altcoin will pump some more some less.
So keep an eye on TOTAL2 So far all looks good.
Daily must close above $508 BILLION rather I would say above 50D MA to continue to the upside.
Be cautious with altcoins, even I am holding some trades in which I forgot to put SL's (I know some of you did that too, it hurts ).
Currently the chart is holding both the MA and the support line.
Need to be careful with BTC.
Stay tuned
ALTMARKETCAP Dead Accurate Call! Now what?The previous post has been dead accurate and perfectly followed my analysis. I am leaving the link below this update please go through that update too.
Closed above $508 and also 10% UP since the post.
This is a 2 hour chart, I believe an inverse H&S breakout is likely here.
Once it does we will see more green in alts.
The only issue here is the 21D MA (purple line) which is around $560 billion now.
We need a close above this level. Once we do added with the Inverse H&S Breakout party will officially be on!
Don't give up on ALTS I reckon we haven't even started yet.
Do hit the like button and support my work. It means a lot to me and keeps me motivated to post more informative and lucrative updates/trade setups for you all!
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Stay tuned.
Altcoin Rally Just Getting Started....Don't Miss it!The crypto market has been steadily trending to the upside since we called the $10k bottom. I see many are saying alts won't outperform Bitcoin again, I personally do not agree with that sentiment, and I believe we will see a similar alt market movement as we saw in 2017. Looking at the alt market cap chart, we see the alt market has just broken above its all-time high. I believe we are in an Elliott wave-like structure, and we'll see a wave 5 push up towards new highs. I do not believe we'll see the same multiples in the alt market as we experienced in 2017, but a strong push for much larger market evaluations seems inevitable. We saw upwards of 1000x in the 2016 2017 run, it would seem reasonable to me to see a 5x - 10x increase in the alt market this bull cycle.
Remember, stay level-headed, objective, and let the charts speak for themselves, NOT the new media.