Crypto Insights: Analyzing Bitcoin and Altcoins Price Action

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#BTC #Crypto #altcoins

Timestamps:
0:01 Intro
0:15 SPX
0:53 UUP & USD
2:38 Bitcoin BTC
8:38 Ethereum ETH
9:50 ChainLink LINK
12:20 Avalanche AVAX
13:29 Solana SOL
15:02 NordVPN Gift

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DISCLAIMER: This video is not financial advice. Listeners should do their own research.

Hi folks this is Adan dun cart Market ignition Crypt burp talking to you on this beautiful Friday webinar session market review if you will let’s not waste time without further Ado let’s jump in right into the market update so starting off with magical barrier of 5,000 points for S&P 500 being broken

The new alltime Highs are being printed the trend is continuing it’s rallying higher and fatter and faster this is to be seen by the accelerating slope of 200 day moving average as well as even more vertical 50-day Trend and the 20-day Trend that following that is following

And providing a little bit of a backup support to the local swing lows as we clb higher that there’s not a single person that could refute to deny the actual uplifting trend of higher highs and high low S&P 500 and this persisting higher new highs new alltime highs well

It doesn’t happen too often just the quick view on the dollar side right being being taken look here at the U the ticker is U which is a US dollar ETF the big dollar bullish fund if you will uh it’s actually it’s actually hovering right above the 200 200 moving average

At the bottom of the r red curve the 50-day trend and a 20-day Trend all are moving up the trend on dollar is bullish right seen through the lens of the up the dollar bullish fund if you will or the dollar Index itself right being at4

Points just a little bit above with a 20-day moving average Crossing above the 200 day moving average which floating right the 200 day trend is kind of like floating it’s not bullish or bearish it’s neutral it’s oscillating sideways it’s like a you know horizontal movement that is telling us that the market is

Kind of like predominantly kind of like mainly occupied and busing chopping around this main average still you know the trends are locally moving up even though the 200 day trend is slightly curving up it’s not truly dominantly bullish positive the 20-day trend is crossing over it’s curving up for the

50-day trend so there is a chance dollar may actually see some spark especially that the up which is often like I said a proxy is hovering closer to the highs seen in October last year October November last year which was a little bit of a blowoff top a little bit of a

Just a little bit of an overthrow on top on top right um for the dollar the respective the respective same kind of like situation up here is about 107 points and the dollar right now at 104 points you know is uh it’s a little bit less when compared with the

Right so just maybe it may be showing just giving you a glimpse into the future who knows we’ll see however that bullish crossover is not bearish well how is that translating to bitcoin right well Bitcoin is pressing like crazy 47500 47500 it’s pushed crazy off the

Low almost $10,000 of the 3500 low swing low on a false breakout right so we got a false breakout early in January on top of the ETF listings and another false breakout below this is something if you remember I talked about some couple of weeks ago that there might be a

Possibility for those full breakouts false breakout on top of and I wouldn’t be surprised if this actual false breakout you know happens when the market just jumps around chops around you know sweeps the lows if you will and just comes back you know to the Bro above the broken support the Bitcoin is

Murdering for the shorts right now and uh some time ago I gave a comment about Bitcoin being at 42500 if I’m not mistaken and the typical Market open price of the 42 500s you know for February 1st and the seasonal PN for the February 1st until uh until April

15th returns 23% almost 24% more than 23% on average right 23% added on top of 42500 places us into $52,000 region so even though there is no no 100% guarantees there is no way to predict the future it’s still okay to have the Benchmark for expectations and The

Benchmark maintain retain over the long term tells you that the average expected return can be around 23% between February 1st and April 15th historically right the momentum is rumping up the 50-day trend is kind of like stalling a little bit it’s not too bullish however they aside the momentum locally is just

Going crazy um just boosting over 72 points the 50-day volatility is curving down just a little bit which is which is interesting right there’s been this slowdown effect however the volatility is also still elevated in an overall very big upward uplifting tide right now at 400 430 oh sorry

1430 um with a with a with a stalling just a little bit curving down the 50-day volatility Trend the volatility Rising it kind of like amplifies the effect of the trend itself right so the more more the volatility Rises the more the stronger the trend becomes here’s

Another angle just to take a look uh at the 200 day B pro B pro moving average B pro uh trend line if you will giving you to more Trend sensitive uh more recently buyas kind of like an approach with $40,000 this is the main local support

So if things go wrong this is where you can anticipate that that the by wall was is going to be put eventually because we tend to rely on those averages we tend to unter those numbers to unter those Trends and this Trends represents this let’s call it quote unquote fair price

Of Bitcoin according to the 200 day long-term bpro Trend that is rising right there’s not a single question about the trend Rising this is a very strongly dominant dominating Bitcoin bull market not a single piece of doubt about that just look at the candles so my private Trend update trade update uh

I’ve I’ve been very vocal and public about kind of like entering into Bitcoin here where it’s kind of like highlighted 41800 which is where the bull market sorry the bull bullish breakout signal came up from the CTF trailer which is my private trading strategy that I use and

Uh it has been moving up right ever since ever since the actual breakout we are talking about the rise the price increase 41800 so all the way 13 almost 14% uh it’s not doing too too bad overall right last time I checked it was five 5 520 30,000

Position running right now open at 460 worth so uh it’s it’s persisting nicely trading the stop higher position is in profit uh 60% 60,000 profit at least right now so it’s not it’s not too bad let’s see how it goes the trend start to persist so how does that all connect

With altcoins where the momentum principle and the overall rule of amp for investing profitable investing means that the outperforming assets will continue to outperform and the underperforming assets will continue to underperform form this is so-called momentum principle for momentum investing so taking a look from the same

Benchmark let’s say for this sake you know it’s a chart that I took from 2022 in August so the point of reference being the peak of the bur Market rally in August 2022 um it kind of like gave us this price Benchmark if you will the price

Benchmark or in in the comparing the Bitcoin price and the actual crypto market capitalization of altcoins you know this this Benchmark reference point of reference for the breakout uh not only Bitcoin was Far earlier right half a year earlier or more ahead of alins to to present such a breakout it also

Provides it with so much more aggression Almost 100% red Almost 100% from the breaker level while correspondingly altcoins ried almost 20% right so 20% versus 100% Bitcoin is outperforming altcoins by a lot this is where the trans strand is this is where the momentum is this is where the investors

Are parking their money not altcoins right now the altcoins are lagging and if they’re lagging they’re more likely to continue to lag which means that this is less money to be made with altcoins on average overall right uh I’m not mentioning any outliers or any crazy

Jams and pumps and so on because that’s that’s unpredictable however on average you would have done so much more and so much better by parking your money in Bitcoin over the last year and a half if you will done parking your money in altcoins Al from the point of from the moment of

The breakout from the point of the reference from The Benchmark is 20% up Bitcoin is almost 100% up the numbers speak for themselves ethereum it’s dropping around following this positive lot gigantic breakout several multi-week breakout you know that happened over the pattern of ascending triangle stretching

Between 2140 and 80 at the bottom you know this ascending triangle puts us in a Target expected Target for’s breakout at 3400s right what it tells us is even though that there is no future we tend to uncore to those numbers we tend to under and see see the same things that

Other people see because we read the same books and it’s okay this also kind of like places magically this magical belief this magical thinking that this part pattern is going to viralize and virtualize somehow itself which is why we would set this expectations there and because many people believe it’s true it

Actually may come true and fulfill right itself this is maybe a self-fulfilling prophecy overall 25 500 right now uh down from over 2700 which is not too bad Bitcoin Bitcoin is definitely outperforming and pushing strongly you know uh far more strongly than ethereum still ethereum is something maybe a

Little bit of a sleeping giant right now it’s moving up it’s moving up earlier you know down Bitcoin however it’s not moving as strongly as Bitcoin and the chain link chain Ling has been spectacular overall lately right this very strong positive 200 day trend is again moving rumply up it’s r pumping up

Very aggressively the breakout Target for this local channel that actually was presented with a little bit of whips on top at the bottom right with a little bit of the uncertainty kind of like local s and turnarounds now overall the range trading range pattern kind of like

Was stretch between 12.8 and 16.6 right that brings us into the uh more conservative Target of about about $20.4 for for coin or if we take it into conclusion there those very very swing High and a very swing low you know this puts us into far more aggressive 23.2 uh

23.2 uh dollars $20 $23.20 for uh for this more aggressive breakout Target for chain link right so this is something again I have no idea what’s going to happen in the future I’m wrong 50 times a day just maybe it’s fair to expect some a little bit of a

Resistance because even though there’s there is no 100% guarantee of what’s going to happen maybe it’s going to smash and just like slide through and slice it through and just R like there’s not tomorrow who knows however more often than not when there is expected pattern uh expiration the pattern Target

And it’s come to virtualize and naturalize like I said we tend to put the orders around that right we tend to kind of like assume the market will turn and because many people will do that they will withdraw their buy signals they will withdraw their buy orders they

Will focus on selling around that area which actually creates this opposing Force this supply pressure which may in turn slow down the local Trend and actually make it turn around right so be careful around this area 20.4 23.2 is something to I for a potential local uh

For a potential local slowdown uh at least the first reaction uh would be a Slowdown right who knows what the next one the next one should be probably to the opposite because the trends send to persist the trends are upwards there’s a massive massive accumulation yearly accumulation pattern that was broken

Easily right this was just a reaccumulation so it seems we’re just kicking into the uh hope or optimism stage right we’re away from any sort of like disbelief there are no people who disbelieve that anymore they chain link is actually the link is is is holding strong around the targets it’s not there

Yet however expect just a little bit of a Slowdown in that area otherwise the trends tend to persist last week I gave you the update about avac as well right and see what’s happening right now it’s compressing itself into this kind of like narrowing wedging pattern if you

Will right and the wedging pattern doesn’t even have to look like this per se right it doesn’t really have this kind of like a typical wedgie wedgie triangular triangular kind of like a price action setup however the trend and the resistance that is Trail resistance

On top defined by the CTF trailer by the high to trailer by the trailer indicator from the verb Pro that is my private strategy again and the 200 day trend line right this is kind of like what’s compressing the trend line is consequently pressing higher providing a

Little bit of a support and the resistance is compressing to the downside right so we got this kind of like a squeeze effect the squeeze effect where the price just get squeezed and just made it reever for a massive breakout speaking of which we just looking at the attempt of a breakout at

37.8 which is the main resistance if we close above 38 and matricular bull signal and the last bull signal that come up it gave us this rally who knows where it goes next there’s a little bit of a trend slowdown however the trend is up and positive I would not trade

Against that and last but not least salana right we just had an interesting discussion about salana yesterday on Spaces with Alin daily shout out to them great people uh very strong Trend and even though salana network was down for several hours it actually inspired a lot

Of traders to buy more it seems right the positive reaction is there salana is breaking out it’s attempting a breakout similar to avox right it’s a very similar structure strong upward Trend lifting very fast and lifting very aggressively 12x from the bottom from the bottom of the market until of the

Cycle bottom until now it’s actually grown by 12x or more Incredible strength right this is definitely one of the best performers and it’s actually attempting and have a breakout after several months of silence and a Slowdown right it’s looking a little bit better more bullish than avox uh however like I said the

Daily breakout confirmation is deed if we manage to close above Point 105 points 106 points uh up there $16 per coin just maybe it’s going to be enough to facilitate this bullish trigger signal and provide enough of a volatility driven breakout uh that is empowered it’s going to empower and self

Fulfill itself pushing the prices higher if that happens trend is strongly aggressive to the upside there’s a lot of capital coming into the crypto and Trends tend to persist so very strong trends like this one well they tend to Rally far longer and far more uh and

Tend to provide proof more rational than anyone can remain solvent and shout out to our partners at nordvpn who are actually also sponsors for this very video I’ve been using that tool for privacy for security for um even watching some streams for watching some unavailable in my country serious on

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