ALT
Total Market Cap Exc Bitcoin - Key momentWe are at a pivotal moment here for the total Altcoin market cap, there are 3 resis /support bands in place, if we can hold above the purple and close above today, then this indicates a stronger bullish trend. It is decision time for the altcoin market cap, if it can break the 100 on the FIB level, this would totally be a great indication for the alts to progress much higher in the next leg up.
Still waiting overall on some signals, typically carried out by one of the larger altcoins to lead the way. I've yet to see this.
* Trade at your own risk, this is not financial Advise *
Let me know your comments/thoughts down below.
BACKTESTING ATHHey everyone,
I just wanted to add up a little chart to show what is happening right now.
It is a normal backtest to the ATH that we are seeing right now. It is proably the last time to buy Alt's at this prices before the Alt season.
So pack your bags and MOOOOON UP!
Thanks for reading Ladies and Gents!
Wish y'all good luck :D
20% discount on Binance:
T3A942S4
ALGO Went AS PLAN! Now time to buy!Algo made resistance strong support on daily as we predicted before this even happen yesterday and was spot on and caught the exact dip. We can now expect to continue to run towards $2.00 now once btc start being stable and btc.d look like it is reversing so now there will be more buys in ALGO now then ever and we will go up from here.
LOOK AT LINK I POSTED YESTERDAY. IT was accurate.!
Bitcoin SV// UpdateHowever not greatly surprised, the literal exact inverse of what I expected to happen....happened.
Price tested the long term uptrend as a result of the drop in BTC and is finding support around 200.
Price has found support on the midline of the butterfly formation. Didn't enter on the short, but I will look to catch the long.
Check comments for prev . analysis.
Binance Coin// W Pattern Next?? ⏱️🧐Looking at the price action, we are currently in a descending channel. However, this is the perfect opportunity for a W formation to form, some may call it a dragon pattern.
Obviously there's still a lot of time left for this pattern to form, meaning that anything can happen between now and then. However, if we have a break of this channel, then there will be a short term scalping opportunity to the next market structure.
Let me know your thoughts!
Check comments for a similar pattern on a previous Bitcoin analyses and also my previous BNB analysis.
Algorand $ALGO analysis - Lovely.Alogrand broke its downtrend and I averaged the move up and put that near the breakout which works for me plenty of times and it shows me here we can go towards 2.10-2.30 , Algorand is currently around 2.4 billion market cap which is a very low market cap. For a project like this.
Fundamentals on $ALGO is A-1. I personally think this will be trading around 10-15 billion market cap this year alone. It won't surprise me if it explodes past that market cap.
Algo also on the BTC chart shows even a more bullish chart.
Check out our ATOM trade and CRV trade we kilt it! Links given to those.
#KeepCalmAndAlgoOn
CRV TO INFINITY AND BEYOND!I Believe crv is in a cup and handle pattern. And has just seen a strong rejection from a key sr. Also on 11th and 5th of feb price tried to pass over the 0.618 fib level at around 3.64 however i believe in the coming days CRV will brake through this level!
however please keep an eye on BTC and BTC.D( bitcoin market cap dominance) as they will have a huge impact on price.
Important for any new futures traders!Going to keep this simple here.
The price of bitcoin has sky rocketed these past few months. During the spring & summer time a few hundred dollar move in price would be crucial!
Now the price of BTC is lingering around 50,000. Those small movements that where only a few hundred dollars are now thousands.
👉 My point here is that anyone using anything above 5x Leverage is critically risking there portfolio.
💀These shake outs & wicks are future traders death call.
📈 Lets took a look just recently when BTC had closed above its critical resistance level at around 49,400.
Many individuals had purchased or over leveraged thinking price will move up after confirmation. (Bull trap)
On average the price shifted down about 3%. Anyone more then 20x leverage would have for sure gotten a margin call or suffered liquidation.
👇👇👇
My point is price is too high for individuals to think that over leveraging will yield them higher returns.
Trade futures with risk management and the correct way.
The reasons exchanges offer up to 100x leverage is so they can make money.
Radix short term breakout incomingRadix is one of my favourite altcoins picks of this cycle. Short term looking like a breakout soon
GRTUSDTIf you followed my first idea in GRTUSDT, lets just say you made bank haha. Now we have an impulsive wave, the first mistake a lot of traders make is these follow the price, they rush in and get caught out. Now fibs are not always accurate in crypto given the volatility. but if you want to buy at a good price, see if price will fall back to .5 or the 0.618, this is better way to trade.