Crypto Market Review 1-2-21
hey guys if you like this content i would greatly appreciate it if you guys liked the video and subscribed to my channel it helps uh make these videos worth it going forward hey guys Altcoin Sherpa here with a crypto market review as always this is not financial advice i am not a professional trading is risky do your own research i'll start this off by uh going through bitcoin some of the majors bitcoin dominance and then i'll run through a whole bunch of all coins uh okay so uh we'll go through bitcoin first this is my fibonacci retracement i'm sorry extension and bitcoin now reached the 30 000 mark here and this is an excellent all-time high level this is a significant fib level the 618 and uh we still have good volume on high time frame charts and uh this looks great i mean you know still extremely bullish i don't know where this is going to stall out at given the reactions on twitter it's obvious that everyone is overly exposed to all coins myself included buying some all coins two weeks ago was probably not the best idea but is what it is i'm accumulating it's okay i still think that bitcoin could go to 36k could go to 45k i i have no idea where this will go before it stalls out um personally i think that there will be a 30 correction or so and even if it goes down to 20k i mean as anyone who's uh who who's been in trading crypto for years or even a few months has seen you know 36 percent is really nothing you know we're all used to that uh traditional financial will [ __ ] themselves but i mean a 30 pullback it's it's completely feasible now i'm not going to say it's going to happen anytime soon i don't know when or where but just watch out for it until that time i mean bitcoin is still highly bullish this still has healthy volume coming in i did make a video on what to look for for tops so check that out but as of right now it still looks pretty good uh i mean this is just really just a straight strong run you're just basically seeing uh you're seeing consolidation drive consolidation so you're just seeing this kind of same price action where we're uh we're seeing consolidation drive consolidation drive and eventually this will stop uh you know there will be a pullback but again i don't know where this is gonna pull back at it still looks extremely strong the bullish the trend is still really bullish there's nothing really to say about this if you want to be a hero you can short but i prefer i think most people will probably profit a lot more after the parabolic run has stopped uh you know after you see some sort of big wick and then price closing really ugly so what we can do here if you want to look at some other market short-term market tops or market tops i mean look at 2019 here where you see lots of really ugly candle closes and then you see high cell volume this is kind of what you're looking for right here if you're thinking about a market top and i'm not saying bitcoin if it does top out here at you know 40k or 38k or whatever number it is i'm not saying that that is gonna be like that's over like i'm not saying that that's over and bitcoin is done and bitcoin will go to like 10k you know obviously could it's bitcoin but i think it's more likely that given we are going to be in a multi-year uh bull trend personally given the market structure of the chart and given the way this move up has happened but i do i wouldn't be surprised if there was some sort of big pullback uh to 30k i'm sorry 20k and uh i mean like look this is this is 2017. like there were still plenty of pullbacks even on the parabolic run that it had and this market structure was was was different too from what we are currently seeing in 2020 i mean this was more parabolic price didn't really have much time to to cool off ever it just kept going higher and higher whereas if you compare it to this run here in 2020 there were still quite a few periods in 2020 where price had many accumulation periods were basically just satin ranged and in my opinion this is a lot healthier for a move uh when you're going higher because it's not as parabolic and uh price was able to accumulate in range for just quite a lot more time on this run than in 2017. so if i i still am viewing a 30 pullback i don't know when or where this is still bullish until shown otherwise i mean when you see price basically consolidate like this uh well this is something like this this is generally going to be pretty bullish in this context but you are going to see some like high cell volume at the top i don't know where again or when uh like this was you know high sell volume at 20k but it was just too obvious i think that price is going to go a little higher than 20k at that time given the way uh price is consolidating there's just like more liquidity higher in my opinion i i didn't know when or where this is gonna stall and i still don't but as of right now it's still bullish uh places i would view for buying a pullback uh well if it comes obviously 20k is just like a really good clean buy if it goes even lower to like 16k i mean that would be a 50 drop which would be really ugly but again like we're we're pretty used to that in crypto land and like say like this does stall out here uh say stalls out near 36k like this fib area would make sense to come back to the 50 retrace at 20k um but if you want to start looking at some other levels here for a pullback 24k is gonna have some support 20k obviously has important support there's some micro levels too on lower time frame charts like 26k but i don't know how strong those are gonna be in general uh 24k would be the first strong line of defense in my opinion and then if that fails i see 20k but the bottom line is that bitcoin is still highly bullish and i'm not sure where this is going to go so let's keep going on i expect eth to basically follow bitcoin for the most part uh this has been lagging relatively speaking because in the sense that it hasn't moved quite as strongly as bitcoin and it normally does not almost always follows bitcoin there are some times in the year when ethereum will outpace bitcoin but and we're actually getting closer to that time in my opinion i wouldn't be surprised at all to see this hit a thousand dollars within the next few weeks personally uh this chart right here just shows that ethereum has hit a 100 gain over the last few decembers or starting in december in the preceding months after and i don't see any reason why this uh shouldn't happen i mean a thousand dollars is here i use this december 7th swing low around 500 bucks to uh show the bottom on december and i don't think it's it's out of the question at all to think that this will go to a thousand dollars i i think this is still a good buy i think that ethereum still looks strong uh this has as i said been slower than bitcoin for the for the most part and you're seeing similar price action as well you're seeing you know a drive consolidation drive and a simple strategy that you can do if you are trading uh majors or all coins specifically or i'm sorry if you're trading all coins and majors specifically is if you see uh bitcoin being very strong and you know ltc or eth are just kind of not doing anything you can just pretty much buy assuming that the btc move is legit and just assume that these coins will probably follow to some degree so if this i'm guessing this continues higher i i'm expecting a thousand dollars within a few weeks or potentially a few months depending on the way that price uh moves with bitcoin but there is a signif there are some significant interesting levels like coming up like 800 bucks is an interesting level uh there's going to be some other levels like 900 as well but for the most part i still am bullish on eth i think it's potentially a better buy than bitcoin around this time of the year but that'll be more reflected in the ebtc chart which i'm going to go through next and this is my eth btc chart i was thinking that potentially the uh lows around not lows well the lows could get tested around 0.1016 let's hope that doesn't happen that would be pretty ugly for many ethereum uh holders but i use this overall range here to show that i think that eath could still be in this long range since 2018. uh i think the next area of interest in my opinion is the .021 area and that area is already kind of coming up pretty quick there should be some buy side liquidity right here and should um there should be some demand but it's already been tapped once here on this big spike down and the market structure in the short term is certainly bearish i mean this is not bullish yet still making lower highs and lower lows on lower time frames high sell volume what does it mean when your alt btc pair is going down it means that you would have made more money holding bitcoin versus this altcoin and usually that's always going to be the case for the most part there are some times of the year when alts outperform bitcoin but for the most part bitcoin will almost always outperform all coins uh all coins in my opinion should be used as a tool to acquire more bitcoin and i think that all coins are going to continue to struggle until bitcoin is done with its run and that said i do think that all coins once bitcoin is done with its run at you know 35k 40k 50k i don't know where when but i expect bitcoin to have a 30 retracement or potentially up to 50 percent and it's going to depend of course on how how it happens and where it happens in my opinion but uh at that time that's when i think that it'll be some really ugly days in the market followed by some strong buybacks for all coins and that's just my opinion it could be quite some more pain for all coins until bitcoin is done doing its thing and i've always thought that uh i'm waiting i've accumulated many all coins right now but i'm going to keep i'm going to buy one last time when i see that big shakeout happen uh each btc is generally a good market macro uh indicator for all coins though and when each btc does very poorly this is you know all coins in general just don't do well with all btc pairs and this right here is is just kind of neutral in general i mean it's bearish in the short term but there might be some bounces here in the 0.020 area
and yeah i still i think this is going to be pretty good in the following months but you know until bitcoin is done doing its thing we aren't going to see a big move for each btc it's very possible that this will have a v-shape reversal similar to like 2017 run where we just see this continue to melt down further and further and further and then we see a strong buyback um but let's see i guess i mean you know each btc has had a few of these types of v-shaped reversals but for the most part they're they've been kind of more rounded rounded reversals and more conservative they haven't been insane like back in 2017 2018 uh let's just go quickly with bitcoin dominance bitcoin dominance is still really high right now what does bitcoin dominance mean i checked i made a video on bitcoin dominance it basically means that the higher bitcoin dominance is the lower market share that all coins have and everybody's crying for alt season and want alt season but all season will never happen until bitcoin dominance starts to pull back bitcoin dominance and all coins have an inverse relationship meaning that the higher the bitcoin dominance goes the worse or lower that all coins go generally speaking and this is mainly speaking with all btc pairs not all usd as bitcoin goes higher alt usd will gain but usually not as much as alt uh beat or as bitcoin so what am i looking at for bitcoin dominance i mean this is right here obvious resistance level coming up i don't know if charting these things is necessarily a great thing i mean there are interesting levels that are respected interestingly enough uh you know the 62 area was interesting and it held again 58 also held uh for me personally bitcoin dominance is going to keep increasing and all coins are going to continue to suffer with all ptc pairs until this until bitcoin is done excuse me doing its run and i don't know where that run will end it could end at 73 it could end at 77 percent uh i don't know where this will start pulling back at so an obvious area of resistance is coming up right now the previous uh 2019 august high which was that summer was awful for all coin traders for all btc traders that is like me uh when i was trading all ptc but if bitcoin goes to like 37k or something like that then i expect the 77 area to be tested personally so as i said before it's probably safer to just not buy and hold all coins until you see something like uh strong pullbacks for all ptc i'm sorry altcoin i'm sorry mark uh bitcoin dominance you know when you start to see stuff like this pulling back this is like a great run obviously from late 2019 all the way to the fall of 2020 this was just like a good time to trade all coins and obviously there were times time periods when all coins were tough to trade here and there again when bitcoin dominance goes up all coins all bcc values go down for the most part but i still expect there to be some good times for all coins coming up i i i think that usually this time of the year and i again i go through this stuff on my bitcoin dominance video but generally speaking you'll see bitcoin dominance start to go down on december so these last two years bitcoin dominance basically went down starting in december like last year it was you know december 30th or so when it started to come down december 15th or so 2018 is when it started to go down and then obviously you had alt season which was early december this was when it started to go down so i personally think that bitcoin dominance will probably start going down relatively soon it wouldn't surprise me to see but again these past years contextually were different than current years because currently bitcoin is going on a massive run and because of that massive run we're seeing that bitcoin dominance is basically skyrocketing you know in these previous bitcoin wasn't really going on massive runs obviously 2017 it was but uh that makes me believe that possibly like 80 percent is potentially coming which would be really painful for all ptc values but i expect there to be pretty quick pullback on this so my advice to you is if you're being conservative and safer which is totally good i would just wait until bitcoin dominance starts to pull back and then start scaling into alts if you want to start accumulating now and you're trading a big stack it's not a bad idea to throw some money in now but just know that if you throw in money now you are going to be underwater for potentially weeks or even months depending on how this bitcoin dominance chart goes and how bitcoin moves and uh no i'm sorry underwater in terms of all btc values not all usd but yeah my personal plan is just to basically keep i'm going to keep accumulating some all coins i already accumulated some of them and i'll just buy a lot more when i think bitcoin dominance is starting to head down and when bitcoin has a big blow off top okay so let's go into some majors now i already went through eth this is xrp xrp had a lot of fun going on i think that the relative bottom is in for the short term but i still am very skeptical on if this will continue higher i think there are a lot of inefficiencies to fill higher like this move was was pretty inefficient this is like a big big move and what i mean by inefficient i mean a total imbalance between buyers and sellers or prices cascades down and usually see these inefficiencies filled out for the most part like here is a good example here like this was a big pullback and you saw price grind its way back up so you'll see that in both directions too like if if you see like a big big move up you'll see price either so if you see a big move up you'll see price fill it out on the way down or if you see like a big move down you'll see this grinding price action like this and a good example of that is uh looking at bitcoin after the kova dump this is like pretty textbook uh inefficiency fill where big price dump price grinds up and this is this is this is pretty standard you can see this across all time frames too and you can see it on very low time frames you can see it on high time frames like bitcoin it just depends but anyways with xrp uh i think mo the short-term bottom is in for the most part i would be surprised if this continues to grind up a little bit higher but there's just a lot of instability in this particular market so i personally am just going to stay away from xrp it's usually a good coin to trade because of the volatility and liquidity but it's i personally wouldn't advise trading it right now it's just too choppy uh link usd i personally think that link is gonna do well in 2021 but i'm starting to have a few of my doubts frankly this chart doesn't look great and it's continually just ranging in between this 16 mark in this 10 mark or 9 mark this chart doesn't really scream bullishness it doesn't really scream accumulation to me it just is kind of it's just kind of there it's i know that's kind of a shitty description but i mean the the only thing i could really compare to maybe is like double rounded bottom or something like that i i have no idea like we'll see something like this i don't know i think i mean i'm still holding out hope that he i'm sorry link will do well i have a link stack but i don't know i might consider cutting it we'll see i might just throw it into something else but uh this is has been like the one of the most bullish assets in crypto since its inception like you know this went from this went a regular ridiculous amount since the start but overall just doesn't really look super bullish to me the chart itself doesn't look bullish uh there's not really clear signs to me of accumulation but we'll see i mean you can't bet against [ __ ] you can't bet against chain link just because of what it's done i'm personally just a little more worried that the oracle space is getting more and more competitive and chain link will maybe start to lose some of its market share but again we'll see uh it wouldn't surprise me at all see this test ten dollars again again the chart doesn't really look super bullish to me yet and the emas are just ema's are just tightening up the 200 ema is generally 200 ema has been traditionally a pretty good buy and it wouldn't surprise me just to see a lot of compression here over the next few days or weeks or whatever if all coins do start to pump in december then i expect this will start moving and that's kind of what i'm betting on more but for now i don't really know if link is a great coin to really buy or trade it's just choppy and doesn't really look super strong either way or trending uh vid this is a popular coin i don't know what it does this is vid bitcoin it doesn't really look like anything right now i mean it looks like it potentially could be in this accumulation range actually this is a better way to do it here it looks like it's this better accumulation range potentially but this might be just go yeah so i mean this looks kind of neutral to me in my opinion price is kind of trading at this equilibrium it looks like a relatively new coin which is nice you know new coins are better to trade generally this is bearish for now though i don't see this being super bullish yet the buy volume is nice but uh yeah i mean this buy volume looks nice but this doesn't really look great either way for me a trigger to consider buying this would basically be to break this uh 2400 sats region because of kind of what we talked about before with the inefficient move uh yeah i think that this will need to be broken this this area here before you consider buying there's nice buy volume but it's not a buy yet in my opinion theta this is uh incredibly bullish coin i mean i don't know why i just didn't just buy this and just focus on the trending coins this market's still fairly choppy for many altcoins in general but theta had its own market cycle it's been highly highly highly bullish i thought it was actually kind of stalling out around the dollar six d6 area but i was i was wrong there this is a good example of bullish accumulation and what i expect for bitcoin really uh you saw this massive run in may i remember when it just had that insane run and blow off top this is the trade this is like a very good example of a blow off top here huge cell volume big wick ugly daily clothes and then i had this bullish accumulation here and this is really what i expect for bitcoin and it wouldn't surprise me at all to see this happen for bitcoin over a larger time period because usually uh bigger assets need more time to accumulate less liquid assets like data in my opinion don't need as much time to accumulate given how small of a market cap relatively it is to bitcoin but i expect this to basically happen for bitcoin i expect big drive up to 35k 40k i have no idea a big pullback not big 30 50 range range range range range range range and this is kind of what i expect basically i mean there's going to be some moves within this range of course and then i expect bitcoin to basically go huge in 2021. so that is an example and this is kind of an example of what i expect for bitcoin this is what theta did basically big move up consolidation and accumulation big move up accumulation and we're seeing that now we're seeing this huge parabolic run where this just is looks great i mean i don't know where this is going to stall out you might want to use fib extensions or something like that but for the most part i mean data is awesome bullish zrx this looks neutral it's not really doing anything this could be doing what theta did i mean you see big drive and now it's just ranging i wouldn't buy this personally unless you are looking for a long-term play this is just going to keep within this range in my opinion and there's going to be deviations from the range of course but overall uh yeah this is just just ranging it's not doing anything i wouldn't buy it unless you're accumulating i did do a video on accumulation too so check that out wi-fi uh i was the idiot that bought some around .95 thinking it was a good buy and i took a little profits but not nearly as much i rebought again around the nine five area and i'm underwater but that's okay because i'm accumulating this uh i personally believe that this will do pretty well in the coming weeks and months but this might end up doing a full retrace for the btc pair and this is what you're gonna see too for a lot of btc pairs is you're seeing a lot of pain for these btc pairs but wi-fi is a good example of what i expect for btc all btc pairs you're basically seeing this a v-shaped reversal v-shape reversals are generally categori are characterized by high by volume and a reversal that looks like a v like as indicated here and this is again what i'm kind of expecting for many all coins is to hit certain levels of support wherever they may be i think that this bleeding area is getting close to uh ending but if we see bitcoin go to like 50k then all pcc values are going to go even lower than you can like even imagine like this would maybe go to 0.3 i don't know i mean i don't know where or when bitcoin is going to bounce of course but if it goes to like 50 000 then all pcc pairs are just going to get annihilated so this is what i'm expecting for wi-fi and this is the same type of chart for many all ptc values as well kind of like how i checked for vidt it's going to be a v-shaped reversal for many of these alt btc values but yeah let's see uh roon highly bullish on this one this is our this is a really messy chart uh let's get rid of this uh i wanted the 0.5 area i did not get the 0.5 area this is still really bullish all-time high levels i kept telling myself i was going to buy a bag of thor i never did i'm sorry thor chain rune whatever this is still really bullish i don't really know what to say about this i mean if you want to look for targets you just basically look for fib extensions so just fib the top and the bottom parts of this range and next step looks like 156 and then 174 or i'm sorry 170 and so on so yeah this is just the fib extension i mean this is this will give you somewhat close numbers in my opinion still bullish on this project this is really a nice one i should just buy honestly and just sit on it eagled bitcoin uh still bullish on the usd pair but this btc pair is pulling back hugely this is an example of a rounded bottom reversal this was more like kind of rounded here as you can see this is a little different than the v-shape reversal because the recovery took a little more time to grind up it wasn't like wi-fi were basically just started moving right out of the gate from its reversal this is also another type of reversal pattern and i made a video on reversal pattern so check that out but as of right now this doesn't look very good for the btc pair uh the usd pair i think is still pretty bullish but it wouldn't surprise me at all i mean this is gonna hit 800 sats almost certainly and since that area has been tapped multiple times it wouldn't surprise me at all to see this area tap next the 662 satoshi area this was obviously a really bullish thing but it is pulling back heavily and what you could maybe look for is like something like like this like a cup and handle type of thing but the handle's already getting a little it's already getting a little uh deep and this might just make a full retrace depending on i i i don't think it's gonna go down to 400 or 500 satoshi's but if bitcoin still goes strong and it will in my opinion uh let's go to bnb bitcoin this is at a very critical area in my opinion if this current area gets lost then i think we see this uh was that 9000 90k i can't read 90k area uh and it's looking that way right now it looks like really bearish right now many all ptc values again are going to be bearish this is my next area of interest if this current area fails uh nothing to really say about this being like binance was one of the most bullish assets in the bear market and it's also one of the reasons why i want to buy a bag of ftt as well just because i think that ftx is a good exchange and i expect fcx to do pretty well going forward uh but you know this looks pretty bearish in general this is not bullish in the least bnb looks i mean i always thought it kind of thrived as like a safe haven asset where it just was kind of more stable when the market sucked as evidence of the 2018 run but as of right now it's it's just looking terrible like many other all coins uh ada let's go to ada ustt uh this is still a nice looking chart but it takes some time to get through the cell liquidity how can we never okay i'll go through ltc after this i was we'll say this kind of looks like an ltc chart a little bit but uh there's a lot of sellers in this uh 18 cent region and it's going to take some time to grind through those cellars it's not quite it's not quite ready uh this swing high around 19 cents or 20 cents was significant and i think that you know there's still a lot of sellers in this area you can see basically price grinding through it with that said i i fully believe that this is going to break it wouldn't surprise me at all to see this go really strongly after after it breaks this 20 cent mark and if you look at volume profile i mean this is there's just nothing but there's no resistance above it's just nothing but clear skies there's going to be residual uh cell liquidity you know right here and obviously at all time high levels but i do think that this is going to break in the usd pair break higher to the the all-time high usd pair level i the alt btc pair of cardano will unlikely get to its former glory again in my opinion just because there's so many new projects but the usd pair should almost certainly reach new all-time highs in the usd pair uh personally uh i'm still bullish on this but i wouldn't take a leveraged position personally because there still could be more chop involved uh if you want to take a leverage position i would wait for a break of 20 personally but in my opinion this was certainly going to break this area just because the market structure was way different now than this original move in march of 2020 but yeah still still looks bullish uh dogecoin looks good in the short term this was a support level i didn't trade this one uh we're seeing some nice gains for sure to be determined if it's going to be like this run it had before i mean as you see dogecoin has these massive wicks and uh you know it has these massive runs and quick pullbacks so i i wouldn't be surprised to see the same thing but if it's gonna be something like maybe it'll be something more like august 2018 where this will be a a multi-week pump i don't know but for now i'm just kind of watching dogecoin i'll i'll probably trade the usd pair coming up but we'll see uh v-e-t v-chain this one looks pretty bad for the btc pair the usd pair i think is really decent still wouldn't surprise me at all to see this come back to this area 40 40 satoshis might be good but until that time it's not i don't know this looks i mean this just looks bad on high time frames all all ptc pairs are going to look bad just hammer that into your head right now all all ptc pairs are going to look bad as long as bitcoin is strong uh that's all i can say about that it's a good time to accumulate if you have a big stack where you just buy some but until that time it's just it's gonna be bad rsr this one is good i fibbed this out i did not buy this one has really nice fa like a really ton of good hype around it uh there's certainly going to be some sellers here in this area so it's going to take some time to get through this cell this cell zone but i expect rsr given the hype to really break it eventually uh but it could be pull back pull back it's going to take some time to chew through it in my opinion this timeline is going to be accelerated too it won't take this long but you could also see something like this uh where it just hangs around and then it breaks up but there's gonna be a lot of sellers in this area uh but the volume for rsrs looks good sushi i've long talked about waiting to just buy a break of 350. i know it's not the sexiest thing ever but the reason is it's just that
volume profile is pretty obvious in the sense that uh there's just that's better there's just a lot of like a lot of trading volume within this area this three 3 50 to 225 area there's just a lot of trade volume here and it's going to take a while to grind that liquidity it's similar to what i just talked about the rsr just takes a while and you know if you're buying and holding there's nothing wrong with it like you could have bought 225 and like had a fantastic gain like uh you know 50 almost 50 gain i always wanted to buy a uni bag or a uni or sushi bag but i never did but for sushi looks bullish uh in the short term it wouldn't surprise me at all to see this go a little lower and then go up but i'm just waiting for sushi to break 350 and fill out this inefficient move but still could take a little more time could break now i'm not sure if i start to see some higher lows that'll be the trigger point to buy uh silica this was a bullish market structure in my opinion because it this was a higher high and this was a significant higher high but as i said with other all ptc pairs this is going to pull back huge because of bitcoin there are going to be some significant uh support levels coming up in my opinion but you'd have to go down to lower time frames to look for some levels for the fib 230 is interesting 200 is interesting it wouldn't surprise me at all to see these two areas tapped but all pc cc values are going to suffer for the most part ocean this one again is very hyped i don't buy i don't i don't have a bag of this looks okay i wouldn't it's not bullish yet in my opinion i think it probably found a bottom i mean this is very choppy price action though but it's still bearish market structure like you can still see lower highs being formed everywhere and this might be one where it'll just accumulate first for a little bit and then go kind of more of a rounded bottom but i like the buy volume coming in but i'm neutral ocean looks whatever to me band i have a stack of band i will be buying more of it soon i think it looks like it's an accumulation mode 200-day ema right at price right into the equilibrium this is doing nothing this is just i'm hoping accumulation but this could break lower of course too i don't i don't know but i'm just gonna keep buying band personally i think it's a good project uni this one is similar to sushi in the sense that i think that the fa on this is really good and this is the breakout it wouldn't surprise me to see a return to this level at 420 and then go up there's gonna be some sellers uh along this area but not a ton and you can look at volume profile too like right there like this is this is where obvious resistance was right and this was obviously two where volume profile was stronger generally these volume profiles act as magnets because this is where price likes to be traded at and this is where the market finds fair value so to speak so it makes sense that these are usually highly liquid areas and they can sometimes also act as sr levels as well but once price breaks this five dollar area then it's 5 30 area then i there's not much resistance there's another resistance area around 6.50 but uni should do pretty well in the coming coming weeks and months in my opinion i think dexes are going to be a narrative in 2021 so it's not a bad idea to buy a bag of this ogn btc this looks like absolute [ __ ] i don't know what to say about this looks terrible uh i mean this is this looks the same way as all those other 2017-2018 og coins like icx it just looks bad if you're looking for any sort of reversal um you're looking for a v-shape reversal similar to so if you have a underwater bag of this and you're looking for v-shape reversals basically and it's possible you see a kind of a rounded bottom reversal like this but i'm not so sure my advice to you guys if you guys have underwater bags that look like this and i have some as well don't you know your favorite charter influencer whatever you want to call us has these bags you know they're lying if they say otherwise if you have these types of bags you're looking for this you're looking for v-shape reversal you're not looking to get back to all-time high you're not looking to get back to break even you're looking to probably just sell and take what you can get this will probably reverse big and then come on back down it's better just to take the loss at this point say you bought it at like i don't know say you bought it say you bought it here 2500 stats say you bought it because you you thought this level here was gonna be like support and it was obviously not it just kept falling through and it just kept dropping take what you can get here don't look for all-time high levels because all-time live all-time high levels are probably not going to happen they your coin will probably go up 100 maybe it'll go up 200 percent maybe 300 like this take the loss the opportunity cost the um just the value of your money just sitting in this coin hoping for all-time highs and waiting for it to go to zero is not good i cannot emphasize this enough um i have some old bags that i just sold you know on the last pumps just because that's just the way you have to do it you have to take it take the l you're not gonna get your old money back uh just take what you can get take what the market gives you that's my best advice for you if you have ogn a coin that basically went from uh 93 since august that's just you know it's it's incredible yeah so just just make sure you sell on the when it when it has a v shape reversal i probably wouldn't sell now because it's i mean it'll bottom eventually but that's just my opinion uh bell bella btc this looks really uh really bad it's kind of crazy to think this was just launched in september and already massive destruction nothing to say about this again all all pcc pairs are just going to be gross this doesn't look good any anything you buy here is just a knife catch because it's already breached the swing the swing lows this will have a v-shape reversal probably i don't know where it where or when it'll happen but unlike ogn though this actually has a chance to go higher because it's a newer coin so not saying it will but there's less price history enj this looks bad i mean i should just skip all all btc pairs they're all going to look the same this is just terrible this is just going to i mean it's already lost high time frame support the next area is this right here right is the start of the inception in 20 in all season yup this doesn't look good so this is my next area of interest the 250 sats area to 360. dot this thing is insanely bullish i kept waiting for lower like this the seven dollars it never came in the short term it might still come here's my uh range just ranged for weeks and are actually months and now it's just going really really well because this volume is just crazy good still and uh yeah a good strategy just to buy any dot pullback in a super bull market too when some is doing its run and many all coins will start doing a big run soon in my opinion but this is the best you'll get you'll get a bull flag and then this will just keep going higher uh yeah i'm so bullish on dot i think it's going to be very strong in 2021 i exp i'm gonna keep buying some dot too i just keep throwing some more money more and more money into dot and it's a little bit here a little bit there and yeah i think it's going to be strong nano choppy price action it's hard to read this chart frankly resistance area all here and uh i think let's log resistance area this is once this breaks it'll be strong but for right now it's just locked in this range yeah not much to say about this it's just it's neutral i wouldn't trade this personally it looks very choppy goodbye might be like 90 cents and lower but yeah roon roon is going to be we already talked about roon but we're i think roon is going to be very good in the coming months the btc pair is still in this accumulation zone though so uh yeah it's it's not really doing a whole lot it's because it goes to show that even if a coin hits all-time high in usd it can still look neutral to bad in ptc pairs so that that's a good reason why should always almost always have exposure to bitcoin in my opinion just because you don't know when bitcoin is going to do its massive run in general uh so it looks like i'm out but i wanted to add a few other i'm gonna go to twitter here and uh look at my chart request actually you know what it looks like bitcoin is breaking out so i'm actually going to call this video because i need to go and start trading anyways thank you guys for watching and uh good luck i hope you guys enjoyed this market review
2021-01-04 00:54
