Bitcoin continues really strong and consolidating near resistance... The longer it stays near this resistance level, $29,000, the weaker the level becomes.
The longer Bitcoin hovers above $28,000, the stronger the bulls become.
On a drop, the bullish bias remains intact.
As Bitcoin consolidates/moves sideways, the Altcoins are starting to move forward.
While most of the Altcoins vs Tether pairs produced a strong higher low mid-March, many of the Altcoins vs Bitcoin pairs produced lower lows... The good news is that the Altcoins vs Bitcoin pairs are recovering with great momentum, some recovering weeks and even months of correction within days.
This is positive, the entire market is building up to move ahead.
It's been a while since our last session, I guess you are looking for an update?
✅ NAME YOUR ALTCOIN! | Instructions
Let's do another session of the Name Your Altcoin series.
I will do an analysis or answer your question on your favorite Altcoin, pretty simple and straight forward.
✔️ Name the Altcoin pair in the comments section you want me to look at. One pair per comment: Example, BTCUSD.
✔️ If you want more than one pair to be analyzed, leave more than comment each with the pair in question.
I would recommend looking at the ALTSBTC pairs but whatever you choose, whatever you like, whatever you prefer.
I'll do my best to do as many as possible.
Thanks a lot for your amazing and continued support.
Namaste.
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I'll be back with you and finish the rest of your Altcoins request.
Make sure to boost and follow.
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We are done with this session of "Name Your Altcoin".
I appreciate all of you who commented and requested an analysis, it is always my pleasure to do so.
Our friend @Tolberti is doing some chart analysis as well so you can show him some love and request your Altcoins there, it is always great to get a second opinion, the more the better.
Wishing you a lovely, wonderful full moon. Wishing you a profitable week as well.
Much love!
Namaste.
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Please remember/keep in mind that the banking crisis is not over. The banks will resume crashing and all hell with break loose across the financial markets.
People will move their money from stocks and conventional assets to Cryptocurrency.
There is still a major corrective/consolidation phase in 2023 for Cryptocurrency but with a bullish bias.
Maximize profits on this wave and PREPARE!
Prepare for at least 6 months to be on the safe side.
Thank you for the support, I thought I wasn't going to receive much here but instead you guys showed up.
The technicals continue bullish but this pair has grown by more than 2100%, once this type of action happens, a correction can show up at anytime, without warning.
Short-term, as long as CFXUSDT trades above 0.3374 or EMA10, it continues bullish.
If it goes below this level it can correct down to EMA50 or 0.1737, at this point anything can happen... A bounce that leads higher or additional correction before the resumption of the uptrend.
Since we know the bear market is over and the bottom is in, any corrections are just temporary drops before additional higher highs.
A bull market follows a bear market. A bull market is defined by higher highs and higher lows.
For trading, I would look at those at the bottom/near support...
Nice. I was thinking how the title should look. If "name your altcoin" or "comment your altcoin". But it takes a lot of time to do analysis for the TradingView community.
AlanSantana
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@Tolberti, Thanks for your comment and support. 😊🙏
Namaste.
Arrlense
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cfx
AlanSantana
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@Arrlense, Done already, check the comments section here.