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TOTAL2

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 🙏🎉 `````````````````````````````````````````````` 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 💱 ``````````````````````````````````````````````
by PolarHusk
14
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 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
16
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
CRYPTOCAP:TOTAL2Long
by This_Guhy
4
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 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
21
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
by Helical_Trades
84
BTC/USD (58k Dollar Immediate Support)💎Technical Analysis Summary💎 BTC/USD -Bitcoin is back above the 60k dollar and hitting as high as 62k dollars -Only a few percentages away from making a new All-time high price -The bulls have shown a strong move up since the breakout of 58k dollars -For now, if BTC can hold above 58k as an immediate support area -The chances to test the ATH level in the coming days is in play -Regarding the altcoin space, the BTC dominance still trading above 46 level -This is not a good sign for the altcoins because their strength is stalling -Once Bitcoin starts to consolidate, that is the time Altcoin will recover faster -Let us watch how BTC will react in the next few days -And prepare for new swing trade for altcoins ⚠️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 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
15
#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

CRYPTOCAP:TOTAL2Long
by Cryptorphic
23
TOTAL 3 TO THE MOOONprice action makes me to think that exchanges are in pain for altcoins. there could too much longs or another sick situation for them to dump the altcoins. i dont know. But there's a clear cup and handle and for my prediction it will going to rise very sharply soon if there wouldn't any blackswan event. I dont think Bitcoin can go new ATH without altcoins. we can see big moves up and down on BTC.D. Look for; 1.TOTAL3/TOTAL2 (Weekly) 2.TOTAL 2 inverted (Weekly) 3.BTCUSD inverted (Weekly) I cant insert the links because I am not a PRO member. Just take a look the charts above and make your own desicion.
CRYPTOCAP:TOTAL3Long
by kurtdere