BITCOIN & ALTCOIN HOLDERS: PREPARE NOW (Warning)!!!! Bitcoin News, Ethereum, Solana, XRP & Chainlink

This video provides an update on Bitcoin and altcoin markets, including detailed price analysis and trading strategies for several cryptocurrencies.

Here’s a breakdown of the key points:

Bitcoin News & Market Overview

• MicroStrategy recently purchased an additional 6,220 Bitcoin for approximately $740 million, bringing their total holdings to over 607,000 Bitcoin.
• While large purchases don’t always cause immediate price impacts, they reduce Bitcoin’s available supply, potentially driving up the price long-term due to supply and demand.
• The overall long-term outlook for Bitcoin remains extremely bullish, despite occasional short-term corrections.
• The Super Tuna indicator on the weekly Bitcoin chart is still green, signaling a larger bull market.
• A possible bearish divergence is forming on the weekly chart, but it’s not yet confirmed.
• The 3-day Bitcoin MACD shows a slight loss of bullish momentum in the shorter term.
• A bullish “cup and handle” pattern is still active on the 3-day chart, with a technical price target of around $153,000. This pattern would be invalidated if Bitcoin breaks below $110,000.
• Bitcoin is currently consolidating sideways, struggling under major resistance in the low $120,000s (between $120,000 and $123,000).

Bitcoin Short-Term Analysis & Trading Strategy

• Bitcoin recently took out liquidity around $116,700, as predicted, and bounced from that level.
• Currently, there isn’t a significant level of liquidity to watch, but some is building around $121,000.
• On the 4-hour chart, Bitcoin is forming a symmetrical triangle pattern with a descending resistance line at approximately $119,200 and an ascending support line at around $117,400.
• A breakout above resistance (ideally above $119,400) could lead to a bullish price target of approximately $125,000.
• A breakdown below support (ideally below $117,300) could lead to a bearish price target of around $111,800.
• The video emphasizes preparing a trading plan for both bullish and bearish scenarios, including entry signals, stop-loss points, and take-profit points.

Altcoin Market & Specific Altcoin Analysis

• The Bitcoin dominance chart is showing a major dump, which is good news for the altcoin market and is contributing to an “altcoin season.”
• Ethereum (ETH):
  • Continuing a massive bullish move towards significant resistance between $3,900 and $4,100 (around $4,000).
  • Expect potential profit-taking around the $4,000 psychological level.
  • Recently confirmed a daily candle close above $3,700, which now acts as support. Further support is at $3,500 and between $3,200 and $3,300.
• Solana (SOL):
  • Currently testing the golden pocket resistance area between $191 and $199.
  • A daily close above $199 (ideally $200) could lead to a major bullish move towards $230.
  • Solana is approaching a technical price target that was set from a breakout at $158.
• XRP:
  • Still in a larger bull market, targeting the next Fibonacci extension level between $4.60 and $4.70.
  • A possible bearish divergence is forming on the weekly chart but is not yet confirmed.
  • Recently broke above and retested the previous all-time high of $0.34, flipping it into new support, which is a very bullish sign.
  • If XRP breaks back below $0.33-$0.34, it could drop to $0.30-$0.31.
• Chainlink (LINK):
  • Continuing a breakout above significant resistance between $17.50 and $18.
  • A double bottom (W pattern) is playing out, setting a bullish price target close to $28.
  • Currently running into the golden pocket resistance area between $20 and $21.
  • A daily close above $21 could lead to a move towards $24, with further resistance at $26-$27, before reaching the $28 target.
  • Key support levels are between $17.50 and $18, and at $15.50.

Exchange Information

• The presenter recommends BTEX and Two Bits for crypto trading, highlighting their no-KYC policies and available trading/deposit bonuses.