Totalmarketcap
Eth hit 5 wave target, Corrections next. Ethereum hit elliot 5 wave target. Total Cap hit close to 3T target. Monday too bullish for setting healthy bullish trend for the week. More like a fakeout Monday pop. Eth.d Skipped a green on 4 hr. BTC.D can rise with Total cap drop in a bearish fashion. Watching for LPT dip. 10% cash.
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⚠️
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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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⚠️
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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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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Crypto Total Market Cap Signs To Watch Hello traders,
The Crypto Total Market Cap just surpassed the old all-time high made in May. We are now entering what I call “The Parabolic Phase” .
Some features which characterise this phase
- Price does not matter anymore
This is the ultimate sign we are getting close to the end of the cycle. People will start buying coins no matter the price they are currently at. Animal instincts will start to appear and the fear of missing out on profits will overcome the discipline of most. The best example was Dogecoin in May. The narrative and “to the moon mentality” made the majority of investors buy this coin after a 250x gain in only 4 months. It was cristall clear the reward for more gains was not there anymore, yet in the middle of euphoria most did not pay attention to it.
- No one can imagine things going wrong
Crypto will be called “The New Paradigm”, “the Future of Money” as they say. People will forget that these narratives are used at their expense. The market makers (institutions, billionaires, corporations) do not care about us. They only care about only one thing, which is money. To make money out of crypto, they need someone to sell them to. So what do they do? You guessed it. They will start making viral all kinds of positive news about crypto. They have many tolls at their disposal to accomplish it. Among the most used are mainstream news, celebrities, partnerships and innovations.
- Investors would be happy to buy if the market dips
You have almost certainly heard or seen on Twitter the saying "buy the dip”. This is good advice in a bull market, but not at the end of it. As always, you need to be aware of the game that’s being played. Because everyone assumes the market will go up forever (super cycle narrative), they will buy into this narrative that now crypto is invincible. This is a trap. Nothing goes up forever. The markets are like an ocean made of waves. After a big wave has risen up, what follows each time is a drop as big as the size of the wave.
- Coins prices rise beyond intrinsic value
We are already seeing this. Dog memes worth tens of billions of dollars. No product, no profit for the company, no real value. They are all Ponzi schemes. You can certainly make money out of them, but in the end 90% of investors will lose money on these coins.
- Greed motivates behaviour
Greed is one of the strongest emotions a man can have. People never like to miss out opportunities on making money. You have to set a limit. The “one trade get rich trade” does not exist. The easy and fast way is always the wrong path. I can tell you that from my experience. Trading is no different. High leverage, chasing parabolic trends, not taking profits at the right time or doubling down on losing positions are all signs of greed. How do you overcome it? STICK TO YOUR STRATEGY. You need to have a plan and follow it rigorously. Buy spot or use low leverage, accumulate the coins which are still undervalued and offer a good risk to reward ratio, place take profit levels on every single trade, never go against the trend and always have a long term plan with short term objectives
The best advice I could give you is to be aware of the above signs and take the necessary measures ahead of time. We are in this market to make money, not to believe in phantasies. Do not wait, take action immediately.
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 🙏🎉
``````````````````````````````````````````````
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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Where is Hot Money going? Look this before you trade.I have been tracking market cap since the weekend. Hence, you would see in my last post I asked my followers to hold USDT and wait for direction.
Look at R1, R2 and R3. on the RSI. You would see a negative divergence.
You will see a successful change of trend at R3.
Congratulation Fellas! It broke out today. Now this sounds like relief. Go back to you alts and Moon it. Hot money is back into the Total market, any bear move in BTC now is only to deceive traders to sell off.
Remember to like follow and share for more timely analysis.
TOTAL2 Analysis 4HR (altcoin market)Repeating ABCD pattern
Either this occurs or a breakout to the upside out of the channel that has formed on this timeframe
1234 and ABCD are separate formations, with ABCD forecasted to repeat
Linking a longer term analysis of the same ticker for those who are looking to hodl for a long time
This signal shows that money is leaving crypto. John Run! 🏃We are seeing negative divergence on the daily chart with a rejection around 61.8 on the RSI. This is a very strong Bear signal.
Let's also look at BTC. We see another developing Bear chart on the 12hrly.
Conclusion: Stay on USDT or BUSD while you wait for this to bottom out and buy cheap.
Remember to Like, follow and share for my timely analysis.
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 🙏🎉
``````````````````````````````````````````````
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 💱
``````````````````````````````````````````````
TOTAL2 Cup and Handle ideaAn idea showing a cup and handle comparison with one we have already seen on the way up during this bullrun
Last time at this stage a bullish, very bullish move was experienced, will it play out like before?
Very different price action but I still consider both Cup and Handle