📈 The Ultimate Altcoin Survival Guide 🎯🛡️Hey there, crypto enthusiasts and market savvies! Professor here, bringing you a critical update that you can't afford to miss! 💎🔥
00:00 Hey folks, let's dive right into the world of altcoins. You've been hearing me sing praises for Bitcoin lately, but what about the underdogs, the altcoins? 🎤🤔
00:16 Well, guess what? I haven't forgotten them; I've just been analyzing. Let's get to the heart of the matter and talk about what the charts are screaming at us. 📈💡
00:23 We're looking at an 8-hour chart that excludes Bitcoin and Ethereum. Notice this massive channel? It's crucial for the altcoin market, and right now, it's shouting "Resistance!" 🛑🔔
00:49 Yup, we're walking on thin ice. This is the time to hold your horses on altcoins and keep your eyes peeled on those levels - 335 and 319 billion, to be exact. 🎯🛡️
01:32 Bitcoin remains our "safe haven," especially with Bitcoin dominance skyrocketing. Stick with me, and you'll know why my 80% trading focus is on Bitcoin right now! 🏆🛡️
02:42 Spotlight on ADA and Ethereum: My positions? Increasing in ADA at 0.268 and shorting Ethereum. It's not about being bullish or bearish; it's about being smart! 🎯👓
04:53 What about LINK? It's all about that channel, baby! We took a long position and scored a phenomenal trade. This channel strategy works like magic! 🌟🚀
06:18 Speaking of magic, let's talk Matic. Major resistance here; don't jump the gun. When the channel says go, we GO! 🚀💥
07:27 Targets? I've got 'em! 1.7, 1.9, and 3.2. Manage your risks and reap the rewards, simple as that. 🎯👑
08:00 XRP? It's in time-out under resistance. But hey, let's keep an eye for that rebound. It could be our golden ticket. 🎫💫
09:11 Bottom Line: The Total Three Chart for Crypto says altcoins are in danger. For now, Bitcoin is my ride or die! 🛡️🏆
09:51 Stick around, engage, and let's keep this conversation going. If you're still with me, you've just leveled up in your trading game! 🎮🌟
One Love,
The FXPROFESSOR 💙
full video transcript:
00:00 Hey everyone, time to take a look at altcoins. Professor been extra extra bullish on Bitcoin. Okay, you see not so much on altcoins.
00:10 I posted a lot of Bitcoin, not many else. People ask me, hey, you forgot about phantom. You forget about sandbox.
00:16 You forget about STF CFX, but I didn't forget about anything. It's just I follow the charts. So let's follow the chart.
00:23 That's the total three. It excludes its cryptocurrencies excluding Bitcoin and Ethereum. So what do we have here? That's the eight hour chart.
00:32 And we see a massive channel, okay, which is support on the lower end support resistance in the middle and its resistance on the top.
00:42 So what do we have right here? Let's go to the 15 minute chart. Unfortunately, ladies and gentlemen, my dear friends, we have resistance.
00:49 So we need to be careful because these breakouts, it didn't go higher. So we are running a danger of going a little bit or a little bit more lower.
01:02 So 335 and 319 billion. It's where I want to buy again and of course I will have alerts. Like to all 3 on major support.
01:23 So we need to be careful with altcoins at this very moment. Think about it this way, Bitcoin. For me it's a safe haven.
01:32 That's why I keep saying safe haven. I keep repeating myself a little bit of times but you know maybe this is not the perfect time for riskier assets and cryptocurrencies altcoins and so on.
01:44 This could be time for Bitcoin. So personally I do prefer Bitcoin at this time of stage but who am I?
01:50 Let the chart do the talking. Let's go to Bitcoin dominance. You see how it has exploded and you can see here why from this level over here for this breakout on October 2nd we have been 80% posting about Bitcoin, Bitcoin, Bitcoin because the dominance was expected to rise.
02:09 And it did break out higher. So my expectation is to see the 58%. We are now at 54% and if the price drops lower then it has huge, huge support at 52%.
02:22 So Bitcoin dominance says, Hey buddy, maybe this is not a perfect time for altcoins. This is the time for Bitcoin.
02:32 And we go to 58% or we go even higher at 66%. Okay? Now let's take a look at the major altcoins that would make more sense to, everyone.
02:42 Ada, looking good. Looking good. And I'm looking to increase my position at 0.268. We've been long through here. It's going well.
02:50 Ethereum, 1771. Today we went short my community right under this level over here. So we have a short position hedging our long positions and it's beautiful.
03:00 1.827 is resistance support at 1629 and let's go to SDX no big news here okay major support would be this level over here that's why we have the alert and it will go automatically to our friends and family who follow us up very very similar very close to support but still you see not going higher for
03:29 the time being so one inch let's discuss about one inch that's a 15-minute chart you see it got rejected at the middle of the channel if we go to four hours it will make sense so one hour actually is gonna a lot of you know it's gonna make even more sense so what do we have here we have a channel how
03:51 simple is it to make a channel I mean you know resistance or resistance resistance and the middle of the channel so we are remaining long we have a long position but we want to buy over that level and that's exactly why we have the alert there and when it hits there if it breaks higher we go long for
04:10 the time being we're being aware and we would be looking to follow the price within the channel does this work does it make sense well let's take another example let's look at link for example and let's go to the eight hour chart and look at these guys i mean how more simple this is straight up most
04:32 simple charging the world as the most beautiful channel support support support support three times at the lower end of the channel three times very clear three times very clear resistance up there and then what we have the fake out over here and the minute it goes back into the channel that's the time
04:53 to go long that's the time we did go long and that's how we followed the price and we increased the position over here at this level and we have a phenomenal trade which we have shared the result with you here it's the same chart it's the same deal so the channel works we wait for the price to go on
05:12 the channel and that would be support and we can increase the position that we already took profit from massively or if it dips back under the channel then we're going to go short and we're going to keep the stop loss over the channel so as simple as that I want to show you Matic before I go because
05:29 it's also at a major major major resistance Matic is one of my favorite assets and I've post it a lot of times from 0.20 all the way up to 2.4 and 2.8 so if you have been following me you can check the previous ideas we did very very well with entering now nicely and with exiting nicely so we're looking
05:56 to get back on Matic but we want to see the price get back into the chart. I want to see the price get back into the chart so for the time being we are at the scary situation where, ah, scary, okay, ah, but we are under the channel so we are under what is right now major, major, major resistance.
06:18 So, ah, one can go short, okay, or one can wait. That's what I'm doing in this case. I don't want to go short on magic because it's one of my favorite ones, but what I want to do is I want to have a big ass alert over here that will allow me to go long and buy this break.
06:41 If the price goes back into the channel, magic major entry, we're getting up and buying. That's what I say this breakout in the channel with stop loss 0.64.
06:51 So that would be an entry at 0.66 a stop loss at 0.60. 4. Let's put some number into that. So from there to 0.64 it's around 3%.
07:03 Okay, 3% exactly. But where is the take profit? Well, if you take a look at the take profit, we're looking about a take profit of and always think risk to reward is going to help you a lot to manage risk.
07:17 So we're looking at take profit here at 153% higher or there at 188 or all the way up there to 364.
07:27 So this would be my 3 target. 0.64, the stop loss 1.7, 1.9 and 3.2 and of course there is another level to 1.03.
07:39 So I'm going to add that 1.03 as well as a 4.0. 4th target and that would be a beautiful trade.
07:48 For the time being, don't get too excited. Let's look at XRP as well because a lot of you asked about XRP also under resistance at the time so I cannot buy that.
08:00 I cannot go long. Wait and see if there is a rebound here where the support level because if that happens, then I want to go long there and I want to have my stop loss under there and you know, the beauty of this is that small risk, high reward, but at the same time if the price rebounds a little bit
08:17 like Bitcoin, we get a new entry today and the price did rebound from here, okay, all the way up there.
08:26 So already we move the stop loss out entry and worst case scenario is we're going to hit the stop loss and make no money, lose no money, okay.
08:32 So these levels will give you very high return for lower risk and at the same time it's a highly probable to rebound level so it can give us a very, very flexible.
08:48 Way of trading for the time being this is chart I want you to focus on and that's the total three for crypto so altcoins right now in danger for all the charts that I have just mentioned we're looking to buy much bigger on altcoins and there we'll have a proper bull run if only we can break this level
09:11 and get outside of the channel and have the breakout so for the time being we looked at bitcoin dominance I'll stick with bitcoin as a 80% of my trading and of course I will remain long on bitcoin.
09:27 That's it from me. Hope it makes sense and this time give me some comments discuss with me because this is a kick ass video with a lot of you know, precision charts and a lot of educational hints.
09:41 So those are you that stayed with me until the end of this 10 minute video. You must have learned something and I hope that it does help.
09:51 Take care. Keep in touch.
