LIVEUnderstanding crypto
@Understandingcrypto
Crypto enthusiast, Analyst and Educator.
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Its important to note that even the drop i'm suggesting does not invalidate BTC ultimate move. We seem to be in the pre-bull as from the blue boxes from the past (reasoning for my thinking that the bull could come sooner than we all expect). The main chart is weekly, the attached chart is zoomed in on the daily. I will include all this in my market market update with timestamps on the vid for your convenience.
#BTC quick update We are now at the higher 69k zone as forecasted earlier. Problem with this is, usually Monday brings the fake move. so the idea of price moving into the 70s as said in our forecast and still having yet another move down still is in play. I'd hope that this would be an "up only" thing but there's good reasons to still expect another bigger drop after this particular move up. will send the zoomed-out preview in a bit!
BTC exchange balances have been dropping since February-March as BTC price hit it's local top. This shows that whales might have been accumulating as price consolidates since then. It does also mean however, that it'll take less fire power to move BTC price both UP and DOWN.
From this, one can conclude that a BTC price drop will most likely just be to shake retail off so that they (whales) can buy even cheaper BTC in preparation for a later rally.
From this, one can conclude that a BTC price drop will most likely just be to shake retail off so that they (whales) can buy even cheaper BTC in preparation for a later rally.
On the inverted SOL chart, one could make a very strong case to suggest that sol has topped.
it really is either something exclusive to SOL will happen for it to dump hard or we are yet to see another bigger market drop.
saying that SOL will go to huge new highs from this particular point would be hoping. Normally i'd target the (A)-(B) region.
Its a really confusing situation tbh. Hopefully it defies the chart and rocket straight up instead (the current chart is inverted!)
it really is either something exclusive to SOL will happen for it to dump hard or we are yet to see another bigger market drop.
saying that SOL will go to huge new highs from this particular point would be hoping. Normally i'd target the (A)-(B) region.
Its a really confusing situation tbh. Hopefully it defies the chart and rocket straight up instead (the current chart is inverted!)
This is Howmuch you would have made if you invested $1000 in Cardano in January 2020-October 2021.
Lesson here is in the end, they’ll call you lucky folks. I know is not an easy grind but hey… that’s literally the reason we get to make it. ✊🏽
Lesson here is in the end, they’ll call you lucky folks. I know is not an easy grind but hey… that’s literally the reason we get to make it. ✊🏽
LIVELIVEUnderstanding crypto
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Brief crypto update celeb tokens, ethereum etf, bitcoin price, bitcoin dominance and others. all you need to know.
@CZ perhaps binance should enable a publish feature on its chart section like tv. That way, one can directly publish his/TA to square and share thoughts.
There is a weekly bullish divergence on eth/btc. (rsi and stoch rsi)
This means there's a very strong chance eth might have bottomed on it's btc pair even though it front-ran my 2.618 fib level by 0.91%.
bullish divergences on the weekly timeframe do not just fade off that easily so this can mean a very strong eth in the coming weeks and months. aka.. good for alts particularly eth l2 projects.
This means there's a very strong chance eth might have bottomed on it's btc pair even though it front-ran my 2.618 fib level by 0.91%.
bullish divergences on the weekly timeframe do not just fade off that easily so this can mean a very strong eth in the coming weeks and months. aka.. good for alts particularly eth l2 projects.
Make sure to buy ALT layer now at 0.32
LIVEUnderstanding crypto
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My outlook for ALT LAYER
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
there's a good chance that ETh will hit 13k this cycle. short term, i think it will be headed for around 4.3-4.6k
Make sure to buy ALT layer now that’s its at 0.31cents. It will go to $2
Make sure to buy ALT layer now that’s its at 0.31cents. It will go to $2
Dump coming for usdtD ?
I cannot confirm a true bottom here on usdtD. Ideally it will end up continuing the dump. this will take btc to north of 77k.
I cannot confirm a true bottom here on usdtD. Ideally it will end up continuing the dump. this will take btc to north of 77k.
My outlook for ALT LAYER
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP)
SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.)
If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR).
The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good.
If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
serious question folks. whats really coming for us?
Cardano was my biggest gainer last cycle. Infact, i pretty much still leaving off my ada earnings up till now.
anyways when we look at it's charts, it looks like it's at the same spot it was last cycle before lift off.
Now, this is of course good BUT... my issue is, will this bull market just be short lived and we go again to the trenches of the bear next year?
it took 287 days for ada to top after lift off from consolidation in the box.
It cant happen the same this time but if it were to happen then that would be Jan of next year.
I see some signs that we might be taking off soon but i am disturbed on the timing of it.
(i'm not saying that it will go that high btw. thats just a demonstration from past cycle).
Cardano was my biggest gainer last cycle. Infact, i pretty much still leaving off my ada earnings up till now.
anyways when we look at it's charts, it looks like it's at the same spot it was last cycle before lift off.
Now, this is of course good BUT... my issue is, will this bull market just be short lived and we go again to the trenches of the bear next year?
it took 287 days for ada to top after lift off from consolidation in the box.
It cant happen the same this time but if it were to happen then that would be Jan of next year.
I see some signs that we might be taking off soon but i am disturbed on the timing of it.
(i'm not saying that it will go that high btw. thats just a demonstration from past cycle).
we have a bullish stochastic cross on btc weekly timeframe folks. every time from 15k we had a strong bullish continuation post every cross. will this time be different?
In January of 2021 it took total market cap of altcoins 140 days to 8x. I am of the idea that we might be at the same level we were in 2021 which actually would mean that it comes early this time.
So instead of the rally coming in early 2025, perhaps it happens earlier this time.
This would mean that the biggest pain point this cycle will be investors missing out.
A lot of my alt coins went to 2x, 3x, 5x and even 70x but i still held on to them just to see them drop again. some dropped more than 50% while others dropped and are at break even.
i think the biggest pain point this bull will be that we are taken by surprise and the meteoric rally comes in a time we never expected.
This will cause some folks to buy in later in the expectation of the bull market following it's usual timing and yet potentially be buying the top.
this is all in assumption that we have not seen the top which i believe we havent lol.
So instead of the rally coming in early 2025, perhaps it happens earlier this time.
This would mean that the biggest pain point this cycle will be investors missing out.
A lot of my alt coins went to 2x, 3x, 5x and even 70x but i still held on to them just to see them drop again. some dropped more than 50% while others dropped and are at break even.
i think the biggest pain point this bull will be that we are taken by surprise and the meteoric rally comes in a time we never expected.
This will cause some folks to buy in later in the expectation of the bull market following it's usual timing and yet potentially be buying the top.
this is all in assumption that we have not seen the top which i believe we havent lol.
we dont have any concrete forecats for btc folks as i dont have proper confirmation for a rally yet though that's what i lean towards. every time i think it's breakout and rally time, Mr. btc pulls our leg.
for now though, that does look like a clean breakout right there (i dont know if it yet again drops to troll us lol)
let's see what happens then we can update.
(The levels you see above would be it's targets if it doesnt go below the 0.236 but we have not confirmed them to be in play as there has not been any interaction with the 0.786 yet at 68.5k so thats why i wait for confirmation.
goodnight.
oh, zoomed out the levels go as high as so. but again, no confirmation yet. so for now.. yeah sorry but we just wait.
for now though, that does look like a clean breakout right there (i dont know if it yet again drops to troll us lol)
let's see what happens then we can update.
(The levels you see above would be it's targets if it doesnt go below the 0.236 but we have not confirmed them to be in play as there has not been any interaction with the 0.786 yet at 68.5k so thats why i wait for confirmation.
goodnight.
oh, zoomed out the levels go as high as so. but again, no confirmation yet. so for now.. yeah sorry but we just wait.
Every blockchain will have a meme coin. What is the top meme coin of your favorite blockchain?
To me, it’s sats on bitcoin. aka 1000sats 😁
What’s yours ? 😃
To me, it’s sats on bitcoin. aka 1000sats 😁
What’s yours ? 😃
Can BTC go to $442k? let's vérify
Someone in our community asked me yesterday if we're doomed. Here's what I think and why I believe we might exceed all expectations and soar even higher than we can imagine. It all comes down to USDT dominance.
Looking at its chart, we can see that USDT-D has broken down from its long-term uptrend that has been ongoing since 2018. The problem with this is that simple technical analysis would suggest that its base is the ultimate target of the breakdown.
Now, considering how much Bitcoin rallied from its peak to its current low, which is 374%, as USDT-D dropped by 59%, one could extrapolate that if it were to drop to the 1% zone, which is about another 79% from its current level, then Bitcoin could potentially rally by 500% from its high of $73.7k.
Guys, this would mean Bitcoin could reach $442k (this is just what the math would suggest; I'm not sure if it's even possible, but you see how I arrived at this).
So while everyone wonders if we're in trouble, I'm actually pondering if we could experience a massive rally like this one.
Note: This is just something we could discuss, not a prediction or anything like that.
Someone in our community asked me yesterday if we're doomed. Here's what I think and why I believe we might exceed all expectations and soar even higher than we can imagine. It all comes down to USDT dominance.
Looking at its chart, we can see that USDT-D has broken down from its long-term uptrend that has been ongoing since 2018. The problem with this is that simple technical analysis would suggest that its base is the ultimate target of the breakdown.
Now, considering how much Bitcoin rallied from its peak to its current low, which is 374%, as USDT-D dropped by 59%, one could extrapolate that if it were to drop to the 1% zone, which is about another 79% from its current level, then Bitcoin could potentially rally by 500% from its high of $73.7k.
Guys, this would mean Bitcoin could reach $442k (this is just what the math would suggest; I'm not sure if it's even possible, but you see how I arrived at this).
So while everyone wonders if we're in trouble, I'm actually pondering if we could experience a massive rally like this one.
Note: This is just something we could discuss, not a prediction or anything like that.
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Turn $10 to $500 On Binance: New Crypto Arbitrage Strategy - Earn $20 In Minutes!
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