how deep are chainlink fense posts chainlink crypto wallpaper chainlink resistance levels BITCOIN BROKE A MASSIVE RESISTANCE IN THIS CHART!!!!!!! Ethereum rally & Chainlink BREAKOUT!
bitcoin broke the declining resistance we have been talking about in my previous video and we have seen a surge in the price of bitcoin but this is not the only resistance bitcoin has been breaking bitcoin has been breaking a awesome resistance level right here in this chart guys im going to explain you exactly what this means for the crypto space right now and guys the total crypto market cap just hit a complete market cap of 1 trillion us dollars so guys that is awesome and next to that we are as well going to have a look at chain link in the us dollar comparative ethereum and bitcoin comparative because eventually we have seen the breakout we have been waiting for so guys all about that in todays video with that being said my name is sharon welcome to the blockchain today the channel where you subscribe for daily crypto videos and right now lets jump into the bitcoin price action and guys before we are jumping into the bitcoin price action lets all take a minute scroll below this video and hit the thumbs up button guys that would be awesome and right now we are looking at bitcoin only four hour time frame and i want to bring out this very important moving average which is the 50 moving average on the four hour time frame which is showing us and determining whether we are in a uptrend or whether we are going to see a downtrend and right now bitcoin is clearly still in a strong uptrend and in my previous video ive been calling guys that we are getting squeezed right here between the up trending support 50 moving average on the four-hour time frame and the declining resistance and eventually bitcoin needed to choose a direction breaking out to the upside or breaking out to the downside clearly bitcoin broke out to the upside and we have seen a nice rally so far and the target of this triangle formation was the width of the triangle right here put at the point of breakout and then you can see that right now we just have hit our target right here at approximately thirty seven thousand one hundred and fifty us dollar so guys that is awesome the bullish momentum right now is still with bitcoin and yeah right there we can see it as well on the one hour time frame and this is the 20 hourly moving average a very important moving average in the short term time frame that at the moment we are breaking above this level this level is acting as support and we bounced off from this level so we already could know that the bullish momentum is stepping in right here in the one hour time frame before we actually have seen the breakout of the resistance so guys right here we can see it right if i would draw a declining resistance right here in the momentum indicator the relative strength index the rsi then we can see that we had a declining resistance here as well same as we have seen right here in the price but at a certain moment we are breaking the resistance in the momentum indicator which is showing us or giving us a signal that right now we are going to see increased bullish momentum that guy is combined with breaking above the 20 hourly moving average and most importantly backtest the 20 hourly moving average as support and see a bounce from this level this is showing us already beforehand yeah that we were going to break out right here from the declining resistance like the previous example right here you can see that we indeed broke above the 20 hourly moving average as well but we havent came back to backtest it as the new support and see a bounce from this level now the moment we are back testing the 20 hourly moving average right here we broke below this level and in this specific example we also didnt break the resistance in the momentum indicator so guys these are a small signals you can use when you are trading bitcoin which is yes showing you already some confirmations before we are actually seeing the breakout and guys if you want to learn exactly how you can trade these breakouts how you can spot these patterns and how you can calculate whether the trade of a certain pattern is actually worth taking and how you can calculate the exact entry point and the best exit point you can sign up for my cryptocurrency trading course guys where im teaching you all the ins and outs about the cryptocurrency markets and in the cryptocurrency trading course you will learn everything guys you will learn how to read the charts how to use this trading view software how to read these patterns how to calculate your entry and exit point how to set a good risk to reward ratio apply risk management and as well how to execute these trades on the exchange itself so guys for all the traders who are interested in taking the next level in their trading game you can sign up for my cryptocurrency trading course the link is down below in the description so guys what is going to happen right now with the price of bitcoin well as most of you guys know the trend is your friend until the end and the trend right now is definitely pointing to the upside because we are using a couple of moving averages to determine the trend and right now bitcoin is trading above all of these moving averages and has back tested this moving averages as support so right here we can see the 20 hourly moving average right now is acting as support in a shorter term time frame which means that bitcoin in the shorter term time frame right now is in a uptrend the 50 moving average on the four hour time frame is a very important moving average right there you can see it as well when the momentum of bitcoin is slowing down this level is coming up and acting as support bitcoin is bouncing off from this level and we have seen it in the recent pullback where we have seen a 20 pullback as well bitcoin is bouncing off from the 50 moving average on the four hour time frame so guys it looks like that this right now is one of the major supports right here in the shorter term time frame of course the 20 hourly moving average is very significant in the immediate short term however the 50 moving average is a very important moving average right here in the short term showing us that yeah right now the trend is definitely to the upside if we were to break below this level decisively then i think that this could be one of the first signs that bitcoin is transitioning into a downtrend or is going to see uh some form of a correction then guys lets have a look at the following bitcoin chart and that is the bitcoin chart in google trends how many people are looking for bitcoin in google and right now im looking at the global um yeah the global measurement right here and you can see we just have blasted through this horizontal resistance and guys believe it or not but right here we can see a resistance as well this is approximately at the level of 25 we got rejected from this level a couple of times and right now we are breaking above this level and guys this basically means that retail money is arriving and guys that is also a moment you have to be careful because if we have a look at the chart right now lets go to the weekly time frame and yeah lets get rid of the drawings right here lets get rid of the moving averages then we can see that right now bitcoin is just going parabolic right we are seeing bitcoin is getting a lot of media attention in the news and we can see right here that uh yeah the retail money is arriving as well yeah right now the risks in bitcoin are going to increase the volatility most likely is going to increase and in the price action of bitcoin emotion is going to play a bigger role so guys do take that in mind when trading right now bitcoin is growing parabolic retail money is arriving as well which means that most likely we can see increased volatility and increased emotional state in the markets however guys do take in mind that you should not be touching your huddle position unless you have a dca strategy exit strategy to get out of your hollow position because yeah of course i highly believe that bitcoin is going to see higher levels this year 2021 that most likely we are going to see a hundred thousand us dollar bitcoin price so it is not worth it right here to yeah really touch your long-term huddle position so guys do take that in mind that we could be potentially see a correction sooner or later right here that is going to be a inevitable event however bitcoin is still going to see higher levels most likely in the near future so that is the reason why you always should have a hot opposition which you are not touching at all under any circumstances because you dont want to miss the opportunity when bitcoin is getting globally adopted to miss a piece of the pyrite so guys right now i want to go to the next chart which is the complete crypto market gap because we actually have reached quite a milestone right there and that is touching the 1 trillion us dollar market cap so guys when we have a look right here on the daily time frame in the total crypto market cap then we can see a continuation of this increase if we have a look at the crypto market cap excluding bitcoin then we can see a increase as well and guys this is quite a important chart or two charts i have to say because when we are seeing an increase in this market cap excluding bitcoin that means that new money is arriving and is entering altcoins so when altcoins are gaining in u.s dollar valuation then it doesnt really mean that the bitcoin dominance has to come down due to the fact that new money is arriving and is going into altcoins as well but guys at the moment we are still seeing a slight decrease in the bitcoin uh dominance right we have broken below this important upcoming support afterwards we have seen a drop to the downside right now the bitcoin dominance is hovering around 69 percent approximately and yeah most likely we will be cooling off here a little bit might even see a bounce before we are going to see lower levels thats what im thinking right now we have a small bullish divergence right here on the four hour time frame where in the price we are in the chart we setting lower lows but in the rsi we have been setting higher lows which could mean that we are going to see a small bounce right here or just some sideways movement before we are going to see lower levels eventually guys so this is something to take in mind this chart is definitely one of the most important charts you have to be watching when you are trading altcoins and guys i have been talking about chain link in general right ive been talking about chaining in a us dollar comparative bitcoin comparative and ethereum comparative and ive exp and ive been explaining to you guys that i do think that chain link is the next altcoin who is going to break out and most likely is going to increase in value in all of these comparisons all of these chart comparisons and guys right now we are seeing it happening chain link broke the declining resistance right here to the upside and we saw a nice search in the price and guys changing is up right now since we have breaking out from the resistance approximately 20 so that is quite nice quite a nice gain and yeah chain link actually is looking quite bullish and guys this also makes total sense right we have first bitcoin starting a rally after bitcoin we always have the second king in the crypto markets which is ethereum and ethereum is following bitcoin which we have seen in this rally as well but after ethereum after ethereum is seeing an increase we we are seeing liquidity being more spread over the crypto markets in general and yeah then you have of course a couple of altcoins which are quite good performance and one of those altcoins is chain link chain link has been a great performer in the past 219 to 20 so yeah i do think this trend will continue and chain link eventually will continue this uptrend and that is what we are seeing right now in this chart as well and guys when we have look at chain link in the bitcoin comparative then i have been talking to you guys that right here at this horizontal level i do think that we could be seeing a reversal at least a bounce that is due to the fact that this horizontal support level is a very key support level it has been acting as resistance in the past but the moment we broke above this level this level has been acting as support right here we have a great example why this level has been acting as resistance and the moment we broke above this level it has been acting as support we have been bouncing off on this level but right here when we have a look at chaining in the bitcoin comparative then we can see we are touching this level and we are seeing a divergence with the rsi which is showing us that the momentum right here theres bullish momentum right in the background and yeah most likely we are going to see a bounce to the upside and potentially even see a reversal right here guys which means that eventually we could be entering from this downtrend entering right now a uptrend right here and of course a uptrend never goes in one line to the upside guys a uptrend goes with ups and downs so take that in mind that we are not right now going in one straight line of course to the upside this is something we need to be watching its very important that chaining in the bitcoin comparative is continuing the strength of setting higher lows and higher highs but yeah this chart is looking bullish as well so thats not only chaining in the us dollar comparative then guys lets have a look at chain link against ethereum because here we have seen actually quite a similar chart as we have seen with chaining against bitcoin we are approaching a very important key level and as we are approaching this key support level in chain link against ethereum we are as well setting a bullish divergence on the rsi guys so that is quite important same story as chaining in the bitcoin comparative uh most likely we are going to see a bounce right here where we are seeing the start from right now and yeah eventually this could be a early sign of a trend reversal from a downtrend right here into a uptrend right here so guys when we have a look at ethereum against the us dollar then we have seen a massive increase a parabolic rally and yeah ethereum is just following the price action of bitcoin and going that was the previous all-time high at approximately 1400 us dollar and guys do take in mind the trend is your friend right now with ethereum against the us dollar the trend is definitely pointing to the upside however guys i do want to point out some concerns that im seeing right here and that is that the way we are seeing the rally right now in ethereum it is just uh yeah looking quite insane we have a consolidation right here then were breaking out to the upside right we have a consolidation right here breaking out to the upside really small consolidation breaking out to the upside so guys normally when we are seeing a decrease in these consolidation moments and we are seeing the price going parabolic like this that is actually a warning signal showing us that we are getting closer to a top and especially when we are seeing increased volatility that that those are one of the signs that we are getting closer to a top as well and when we are zooming in on the price of ethereum then we can see we have some increased volatility right here as well we are forming a bearish divergence on the four hour time frame so it looks like in general it looks like to me guys that the momentum in bitcoin in this whole rally is higher than we are seeing with other coins so guys dont get me wrong ethereum right now is definitely still in a uptrend we are going parabolic to the upside you cannot bet against that however we are seeing some signals showing us right now that the momentum right handy background is slowing down um yeah also do take in mind that these various divergences they dont mean anything unless we are breaking some key support levels however these are some first warning signs that im seeing we are seeing the consolidation moments they are decreasing as well the periods of consolidation which is a warning signal in general as well showing us that we are getting closer to a top so guys do take that in mind when looking at ethereum against us dollar we are in a strong uptrend ethereum is bullish however we are seeing some warning signals in the background so be careful when you are longing ethereum for example have a tight stop loss so yeah youll be stopped out if we were to see a sell-off or if we were to see some selling pressure right here then guys quick talk about xrp against the us dollar uh because right here we have been forming some form of a falling wedge pattern ive been talking to you guys right here that i think its not a bad time if you are interested in xrp to accumulate some uh yeah xrp right here right now we have break and be above a certain horizontal resistance right here and yeah this trade right now is up approximately 17 so that is not a bad trade guys and yeah this was actually quite a safe trade like ive mentioned in my previous video as well we have a falling wedge pattern we exiting that falling wedge pattern with a bullish divergence and eventually we are breaking the resistance of the falling wedge pattern and guys again if you want to know exactly how you should approach these patterns in the markets then you can sign up for my cryptocurrency trading course where im explaining you everything about these patterns when to enter when to exit how you can spot if these patterns are worth it or where the exact resistance is how you can spot a breakout and how you can spot a fake out all of that is included in the cryptocurrency training course and i would also recommend everybody who is interested in growing as a trader to enroll for my cryptocurrency trading course it has been life-changing for a lot of students i got a lot of awesome reactions from people who have been following my cryptocurrency trading course but okay guys that was it for todays video i hope you all enjoyed it if so guys lets all take a minute scroll below this video hit the thumbs up button that would be amazing lets check if we can push this video to as much people as possible then guys for the traders out there who are interested in signing up on one of the cryptocurrency exchanges that im using and you are interested in getting a bonus while doing that you can find all of my affiliate links down below in the pinned comment and when you sign up using my specific affiliate link you can get a additional bonus then guys i wish all of you a amazing day for the ones that havent seen one of my amazing tutorial you can go over there watch one of those and i will see all of you in the next video ► TAKE THE NEXT STEP RIGHT NOW : Bitcoin broke the resistance and continue its rally. In todays Bitcoin price and trading analysis I will go over all the important signs in the Bitcoin chart. The Bitcoin price is not the only chart which broke through some important resistance level. On google trends we can see that retail right now is arriving in the crypto space. Ethereum is rallying further and Chainlink has seen a nice breakout, all about that in todays Bitcoin update. Dont forget to LIKE and SUBSCRIBE! 00:00 INTRO 00:55 BITCOIN TECHNICAL ANALYSIS 06:10 RETAIL COMING TO BITCOIN 08:38 1 TRILLION MARKETCAP!!! 09:15 BITCOIN DOMINANCE 10:30 CHAINLINK BREAKOUT 13:55 ETHEREUM 16:20 XRP ► Want to take the next step in your trading journey ? ► Become A Profitable Crypto Trader ► More Info : This trading course will teach you everything you need to know about trading Bitcoin and Cryptocurrencies. You will learn how to create your own trading strategy on the basis of real proven models of profitable trading strategies. I highly recommend everybody to invest in themselves and to stimulate your growth as a trader and investor. ► TRADE BITCOIN & ALTCOINS ► Phemex Exchange $100 Bonus : ► Bybit Exchange $90 bonus : ► Binance Exchange 10% Discount : ► PrimeXBT Covesting : Codes for Discounts: Blockchain25 for 25% discount on fees 50Blockchain for 50% deposit boost up to 1BTC ► YOU SHOULD HAVE ► Ledger Nano Hardware Wallet: ► TradingView Charting Program : ► Unstoppable Domains Crypto Domain : IMPORTANT TRADING VIDEOS Thanks for your support And a lot of to you See you tomorrow and dont forget to HODL! ►COMMUNITY ►Discord : ►TWITTER : The content of this video is not financial advice. You should not make any investments based on this video. I am not liable for any losses you may incur when trading crypto, always do your own research. Bitcoin Crypto Trading Trading,Crypto,Bitcoin,
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