OP Building A Powerful Bottoming Structure MartyBoots here , I have been trading for 17 years and sharing my thoughts on OP .
OP looks great , its currently building a giant broadening wedge pattern and this looks like it should hold targeting the top range
Its getting into a very important time for these ALTs and they should start running bottoming for a move up into new year
Optimism
🐋 Deep Dive Part II: Whale Behavior & Market Mastery!🌊📚 (Vid)Hey Crypto Enthusiasts! 🚀
In a recent analysis, I not only nailed Bitcoin's (BTC) movement but also illuminated the subsequent altcoin surge, driven by insightful whale behavior observations. Let's merge these insights with a focus on ADA (Cardano), OP (Optimism), SOL (Solana), and BTC. 📊
Cardano's (ADA) Meteoric Rise 🌟
ADA's journey began with a break above a pivotal support-resistance level. My entry point at 0.256 turned into a remarkable rally, hitting 52 cents. This movement was a classic case of altcoin buoyancy following Bitcoin's pause.
Optimism (OP) and the Altcoin Breakouts 🌈
In the shadow of Bitcoin's stagnation, altcoins like OP exhibited significant breakouts, showcasing the shifting focus of market whales from Bitcoin to promising altcoins.
Bitcoin (BTC) and Whale Dynamics 📉
Bitcoin's behavior provided a crystal ball into the whale activities. As BTC approached a major resistance level, it signaled a strategic move by whales to divert funds towards altcoins, catalyzing their surge.
Solana (SOL) and Market Trends ☀️
Solana's chart also mirrored this trend, highlighting the broader market dynamics influenced by these significant players.
🔍 Insight on Whale Behavior:
My analysis delved deep into the whale behavior, highlighting how Bitcoin's rally and subsequent pause was a precursor to altcoin dominance. This strategic pause in Bitcoin's ascent was a clear signal for the whales to redistribute their focus and capital, sparking a remarkable rise in altcoins like ADA, OP, and SOL. 🔄
The Bigger Picture - Understanding Market Shifts: What this trend teaches us is the importance of reading between the lines. Whale movements often precede major market shifts, and by understanding these patterns, we position ourselves to make informed decisions. 🧠
Future Outlook: As we continue to monitor these market dynamics, it's crucial to stay vigilant. The crypto market is known for its volatility, and while the current trend favors altcoins, it's essential to be prepared for any shifts that may arise. Always keep an eye on key resistance and support levels, market sentiment, and global economic factors that could influence the next big move. 🌐
Together, let's stay ahead of the curve in this fascinating and ever-evolving world of cryptocurrency. Your insights and engagement are what make this journey exciting and rewarding!
One Love,
The FXPROFESSOR 💙
part 1:
OP (Y23.P2.Video1) The story continues. The next entryHi traders,
This chart is not the most bullish structure of recent as we approach the most critical level for OP to be macro bullish. As long as BTC doesn't drop hard and with a slight possibility to continue up from where we started 2 days ago, then OP has a chance as well.
We look at the key levels and why they are important.
Please give me a like and share,
Regards,
S.SAri
OP (Optimism) (Y22.P4.Video2).The trade so farHi Traders,
Hope all of you are doing well and not lose interest for the lessons learnt in the past year is that the BEAR market is a great lesson for the future trading skills.
Key lessons, protect your gains in a bull market and ignore the hype and moonboys.
Optimism will be one of those projects to accumulate in the bear market, once we hit the bottom.
Hope this video serves you well.
All the best,
S.SAri
OP.Usdt (Y22.P4.Video1).The trade so far..where is the bottomHI All,
We look at the big picture, explain away some of the price action and look for long term scenario and have a plan.
We also look at the short term potential and what levels makes sense to find support or resistance.
Please give me a like and share,
Cheers,
S.SAri
OP.Usd (Y22.P2.Video1).The trade so farHi all,
#OP #OPTIMISM is worth having but for now, I talk about the trade entry, expectations and how to approach this crypto for another entry.
All the best,
S.SAri
If it can get above this current resistance, 1.618 ext. hit our target and hold this level.
the next levels are here