BTC/USDT (Retest Trendline Resistance)💎Technical Analysis Summary💎
BTC/USDT
-Previous update Bitcoin is testing the 50D MA support
-The Bulls entered the market and we saw a strong bounce from 50k area up to 56k level
-Currently, the price is retesting the previous trendline resistance
-This zone is a confluence of resistance Fib of 0.5 - 0.618
-Well, the trend is still our friend but BTC needs to break this short term resistance
-To increase our bullish bias in the midterm action
-We still have few hours left before this weekly candle closes
-Most altcoins saw a good recovery this past 3 days of trading
-If BTC can break and sustain above the 57k level
-I think many Altcoins will come out strong making new Higher Highs
-But a failure to go above the bullish area will lead to testing the lower 53k dollars
-Either scenario, you must always have a trading plan and exit if the trade becomes invalid
-I hope you all enjoyed your weekend!
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TOTAL2
Get ready for Next Alt Season , Total2 Analysis 🔥🔥#TOTAL2 : Altcoins Total Market Cap
Well, we were going to talk about the Altcoin Total Market, analyzing the indices is hard and responsible work because candles are a function of volume and not every pattern and indicator can be used, and most of the work is based on behavior.
In Total2 we have an uptrend that is still maintained from the previous analysis 2 months ago and a possible Ascending Triangle pattern whose trend bottom is marked in orange and a heavy resistance at 700 billion.
We have two scenarios ahead :
1- Breakout resistance in the current wave
2. Correction to the bottom of the trend at 575B and breakout of the 700B resistance in the third retest and the next wave
According to the chart, I see the Alt Season probability if we keep the trends and in this wave or the next wave break the heavy resistance of 700 billion ascending triangles and move towards 750, 806, 941 and reach 1450B at the end of the wave
Because we are at the end of the compression, we should expect a sharp move in the next few days, which I expect to break the resistance upwards
BTC/USDT (Testing 50D MA Support)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin broke its minor support at 54k dollars from my previous post
-The price touches the 50D MA dynamic support again since January 27
-if history repeats itself, BTC might retest the trendline resistance
-But if the Bears can maintain its current momentum
-I think we will have to watch the 45k major support in the coming days
-This downside correction will print another -12% move
-And will cause deeper correction for most Altcoins
-Please be careful, make sure you have proper risk management in times like this
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BTC/USDT (Temporary Support Found?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin found support at previous mid resistance and its local support
-This area is also a confluence of 50MA in the 12H time frame
-The price bounce up strong and is likely to retest the trendline resistance
-if BTC can't break above this resistance line, I think it will play inside this bigger triangle
-In the next 10-15 days, we will soon have another direction to watch
-We can say Bitcoin is safe for the time being, Some altcoins are recovering already
-More sideways action for BTC is the advantage for the Alternative coins
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BTC/USDT (Short Term Triangle Pattern?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is currently forming a potential symmetrical triangle
-If the trendline resistance is broken upwards
-This is a confirmation of the continuation pattern
-But if the support trendline is invalidated
-Expect a support retest around 53k-52k dollar area
-We will definitely see a breakout within 24-48hrs
-I would really love to see a bullish break in the short term
-I have plans if we go to the south in terms of risk management
-And capital preservation because trading is a game of probabilities
-Going to the BTC Dominance condition, I think the Altcoins
-Will continue to grow as the Dominance chart is retesting the 60 level
-This is an indicator of BTC pairing altcoin may move stronger in the coming days
-As always, prepare for both scenarios either BTC pair or USDT pair coins
-Have a nice day everyone!
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Crypto total charging up for the last waveHey everyone,
What I can see is alt coin cap is just charging up for the last wave of the run. The big run with the most gains. I expect most alts to gain a good few Pips, Time to be like a sniper and choose wisely before hitting the target.
The MACD is a lagging indicator but it works most of the time, our Final target is 1T alt coin market Cap before the next retracement.
This is not financial advice, Be the master of your own money.
Good Luck
BTC.d, Defi and the future.Posting it here just in case so if that happens I can say "I told you so".
Don't get deceived by Defi, it's making its first experimental growth, there will be blood when everything gets unlocked.
Defi is a tool for a bubble creation, MONEY MAKES MONEY OUT OF THIN AIR ==== CRYPTO MAKES CRYPTO via DEFI PASSIVE REWARDS.
Timing can be wrong of course, but you get the idea of what's coming. Enjoy.
BTC/USDT (20D MA Acted Support?)💎Technical Analysis Summary💎
BTC/USDT
-53k dollar area is a confirmed daily support
-As the price bounces up with the confluence of the 20D MA
-BTC touches the 60k dollar again but facing small rejection
-If the daily candle can close above 59k level
-I think BTC may retest above 60k dollars again or see a new ATH
-Yes, we know there is a daily wide RSI divergence
-But as long as the uptrend structure is valid
-It is safe to ignore this type of bearish signal
-Like the old saying, the trend is your friend until the end :)
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BTC/USDT (53k Dollars Good Support?)💎Technical Analysis Summary💎
BTC/USDT
-After hitting a new all-time high price above 61k dollars
-We saw a retracement of -14% immediately filling up the small CME gap
-This pullback is also accompanied by bad news regarding Defi coins
-Now, going back to the chart, the overall market structure is still valid
-The priority remains to the upside since we are in a strong bull market
-On this 12H time frame, the previous local resistance is being tested
-Currently, BTC is holding it as support temporarily with multiple confluence
-If and only if, this area will maintain for the next 1-2 days
-I think the probabilities to retest the recent high will increase
-The BTC Dominance chart saw a pullback as well, giving the altcoins space a breather
-There are many altcoins area ready to move up again and holding their daily support
-We will have another good altcoin rally provided BTC will not retrace further down
-As always, plan your next trade and have an exit strategy if your analysis is wrong
-Have a nice day everyone, keep safe!
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BTC/USDT (60k New All Time High)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin finally broke into new All-Time high price today
-The Bulls won the game after reaching above the 60k dollars
-If and only the buyers can hold around 58k dollars for the next few days
-The potential next target is 62k or up to 67k dollars
-We are using Fib extension to find our potential resistance or sell areas
-Once again, congrats on the Bitcoin holders!
-The altcoins are also doing a good job today and I'd expect more to come
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