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!
⚠️Please always read the description⚠️
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Altcoinseason
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!
⚠️Please always read the description⚠️
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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!
⚠️Please always read the description⚠️
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Send me a message here PolarHusk 😊
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FIL (Filecoin) bull run ~Price Points/Fundamentals~
Hello there! 👋🐹
Happy November 🍁
Lets talk FIL
🤸♂️🏃♀️
Filecoin recently displayed bullish behavior🐮, breaking from a 3 month descending triangle pattern. 🆗
Trade invalid if we break below our light blue trendline at ~ $55.
In the near future, I expect to see an attempt to climb above $78 where we may see some resistance.
If we are successful in gaining support at ~78, my next targets for FIL are 104 and then 130.
FIL has potential to go beyond these targets as well, I will explain why in a short fundamental overview below.. 💫
⏬⏬⏬⏬⏬⏬⏬
Just announced recently, Filecoin is now partnered up with the Flow Blockchain, ( In brief. Created by NBA Top Shot developer Dapper Labs, Flow is a proof of stake blockchain designed for NFT collectibles and crypto games decrypt.co ) and is now the main storage collaborator of FLOW.
In addition to its partnership with flow 👇👇
Over the last couple of weeks Bitdeer ( worlds leading mining services provider) announced it will now be providing services for mining FIL!
✔Filecoin is a decentralized network with the native currency FIL . It was released in 2014 and has since gained a tremendous amount of traction through its users and miners. (Miners earn FIL)
✔FIL (filecoin,) is by far the most popular data storage and retrieval coin, currently ranking #28 market cap💪
✔Our popular Filecoin has protocols set in place to ensure proper storage of data as promised by FIL miners.
✔Anyone with enough hard drive space can mine FIL.
🌏 Filecoin reached its ATH in April of this year topping out at 237, we are currently far below ATH price (almost 75 percent below) 👀
Considering all the information listed above, I think that FIL has yet to catch up to other altcoins such as SHIB,SAND,MANA etc..
Let's not overlook this extremely popular storage coin as we continue this bull run.
📌📌📌NOTE📌📌📌
Bitcoin is seemingly resting at a new found support level, a break below ~57k could mean a serious correction and altcoins such as FIL will follow.
Always use caution when investing in the volatile cryptocurrency market. 😃✔💭
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment. Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay 🍁
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⚠️
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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Not Financial Advice 💸
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AMP TOKEN #AMP CHART - AT THE APEXStill in this gigantic triangle with AMP. We are at the apex (almost). Something is going to happen really soon.
I enjoy creating scenarios. What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
It felt like a pretty good time to sell some ETH into BATBAT/ETH is one of the duos where I feel I can earn just a little extra from, when the Altcoin Season Arbitrage hits. Reason being, is that it feels like we now have 3 separate tiers of coins to sell into, ETH / BTC was the original, which I will still take advantage of. Then we have coins like LINK/ETH and BAT/ETH all available on Coinbase Pro.
The Alts SHOULD bottom out very soon, which can be seen in many charts just like BAT/ETH.
I know the chart looks like crap, and you might be wondering why would anyone ever make this trade...
Well, this is a classic example of what needs to be done, to buy low. I've made the personal assessment for myself, that I don't think Alts will go too much lower from here. I have found a 4 year low that it matches, and a couple coins ae already down at these lows which they haven't seen since November 2017.
So the point is, Buy Low Sell High, right?
Most people would rather wait on a trade like this, for the validation that the trade is a good one, by the chart itself going up. So in essence, they are waiting for the price to be high, to buy in. This is a behavior we have to consciously talk ourselves out of, it's something we have been trained to do. I have seen it too many times in many others, and myself. It surprised me, that something as common-sense as buy low sell high, would go against every intuition we had when it came down to the trade.
So, lets focus on fundamentals, let's practice ridding ourselves of needless emotion, let's set our goals of what we hope to gain ahead of time (thus leading to less mistakes, and less ambivalence in the market), let's keep striving towards understanding these markets better!
-I live by these, and am always focused on better understanding the markets.
If you'd like an example, I created an App which is live (app.trillpanda.com) - that helps track where Bitcoin is at in its life cycle, and will hopefully help prevent people from missing the peak this time. (2017 was hard). My gut feeling: The peak won't be in 2021 or 2022. We got some time to kill. (plus, I found a correlation in one of the charts on my app, of the time between cycles increasing by 1.6x).
I also found a calculation of BTC price, which I was able to chart with Python, which put us on course for a peak around Jan, 2024. Both the calculation, and the increase in length support eachother, as they point towards the same timeframe.
I'm not positive, but it's been fun speculating, and I'm personally growing while attempting to help others better understand the cryptocurrency market.
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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Not Financial Advice 💸
Exercise Proper Risk Management 💱
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Bitcoin Dominance (Potential Mini AltSeason?)💎Technical Analysis Summary💎
Bitcoin Dominance
-BTC Dominance value hits the weekly key resistance level again
-It reacted to this level for the 3rd time with a red weekly candle
-If this rejection continue to go deeper and retrace to 40 levels
-I'm expecting a good month for the Altcoin this November
-All provided if Bitcoin price action remains stable or form a bullish pattern
-I'm into swing trade lately with big wins and small wins
-I will scale into more positions if I see good confirmation and market condition too
-If next month is another mini Atlseason, take this oppurtunity to gain good profits
-But make sure you only trade strong coins and follow proper risk management
-Good luck and stay safe everyone!
⚠️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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Not Financial Advice 💸
Exercise Proper Risk Management 💱
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COTI #COTI 4HR CHART PRICECOTI price prediction using fibonacci. As long as BTC is moving up or flat, COTI will go to 0.786 fib level it seems. 10-12% gain to 0.60 range target.
HIT THE LIKE AND COMMENT BELOW PLEASE. THANK YOU!
CHART ON TRADINGVIEW USING MY AFFILIATE LINK: www.tradingview.com (thank you in advance!)
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. #cryptopickk #bitcoin #altcoins
Vechain (VET) to .30+ by end of November Refer to the descending resistance on both price action and RSI. Possible hidden divergence setup. .14 and .16 resistance levels and breaking them would actually flip our RSI and movement trend back bullish. I think BTC consolidates next 2 weeks and alts gain dominance. .31 PT for VET by end of November.
CRYPTO MARKET EXIT PLANGuys, as you can see, this is the 2017 top blow off. In the panel below in orange, you have the BTC dominance. As you can appreciate, dominance dropped violently from the blow-off till the retest and breakdown. Hence we can expect something similar to happen this year. To explain, Speculator made money in BTC and dumped their position on retail euphoria. Then they move their capital to altcoins to speculate further hence the BTC dominance dropping. After the retest, the confidence in the market started to break down, and retail investors began to panic. That s when they started to cut their position, and the market began to dump. So my strategy will be to be out with the majority of my capital by the time we peak by gradually taking profits on the way up, then I will let 30% run after the blow-off to maximise the profit on alts. When BTC creates his major lower high on the daily frame, I will furtherly exit completing my cycle. I hope this makes sense to you.
#ALTSEASON LAST QUARTER Could be Game Changing, Here's Why...Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
The Total2 which shows us the total marketcap excluding BTC.
Looks bullish and we can see an inverse H&S formation.
The candle already broke above the neckline support.
Once we see a daily close above the $1.35 trillion mcap.
It could easily pump towards the $1.65 trillion mcap.
The index is trading above all important EMAs in this 8 hour chart, shows bullishness in altcoins.
Every single altcoin will pump like crazy if this pattern pays out perfectly.
I was bearish a few days back TBH, Since it got rejected from the resistance but eventually rallied again to form the right shoulder of this pattern.
On confirmation I will be posting futures and spot calls soon.
We will not miss the last quarter gains.
Invalidation of this chart will be a close below 21MA, Currently $1.3 trillion.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
BTC Dominance (Weekly EMA19 Resistance?)💎Technical Analysis Summary💎
BTC.D
-The Bitcoin Dominance value is retesting the EMA19 on the weekly timeframe
-If the recent history will repeat itself, we could expect rejection and retracement back to 40 level
-And during its downward movement, the altcoin space will experience good recoveries or upside rallies
-For now, we can see the BTC Dominance is reacting to this EMA as resistance
-If a bearish confirmation will happen this week then we could see a short term Altseason
-Take note, this is only a guide, Bitcoin price action is still the king
-As long as Bitcoin is showing good signs of strength, strong altcoins will continue to perform
-So please make sure to trade only coins that are showing good strength in terms of price action
-Good luck guys, and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
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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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