🅱️ TOP Altcoins: COMP, MATIC, DOGE & SOL = Bitcoin Moves Higher

✔️ The Altcoins are positively correlated with Bitcoin.

✔️ When Bitcoin moves bullish, the Altcoins move bullish.
✔️ When the Altcoins are growing, Bitcoin is growing.

✔️ If Bitcoin moves first, the Altcoins are sure to follow.
✔️ If the Altcoins move first, Bitcoin always follows...

➖ Bitcoin is the name of the game.
➖ Bitcoin is the Cryptocurrency market.
➖ The Cryptocurrency market starts with Bitcoin.
➖ There is no Cryptocurrency without Altcoins, it is all connected.

We are all one.

👉 Let's start with Compound (COMPUSDT) | Daily

➖ COMPUSDT hits a high 9-Nov.
➖ A four days retrace takes place.
➖ Yesterday a Doji shows up and today we have a new high and full green candle. Bullish resumption.

👉 Next is Polygon (MATICUSDT) | Daily

➖ MATICUSDT hit a new high yesterday.
➖ Today it trades at its highest level based on candle close.
➖ There is a clear rising volume trend.
➖ Polygon is moving straight up, no retrace present.

👉 Dogecoin (DOGEUSDT) | Daily

Dogecoin is not as strong as the previous two but the bulls are still ahead.

➖ A clear retrace can be seen here. It wicked below 0.5 Fib. retracement but the session ended above 0.382, a signal of strength.
➖ Trading above EMA21.
➖ Clear rising volume trend. Bear volume bars smaller than bull volume bars.

Can follow the same track as Compound but this one is mixed.

👉 The last one is Solana (SOLUSDT) | Daily, and it looks great!

➖ Clear 3 days retrace.
➖ Bullish engulfing on the fourth day (yesterday).
➖ Trading at new highs based on candle closure today (strong bullish recovery signal).
➖ Trading above EMA10.
➖ Clear rising volume.
➖ Aiming higher.

Other than a massive crash happening right now, for no reason, we can say the "retrace" is over.
A retrace is simply a short-term, small correction.


🅱️ 👉 Bitcoin (BTCUSD) Daily Timeframe

➖ Bitcoin so far produced four days of retrace.
➖ Bounces perfectly off EMA21/0.236 Fib. retracement.
➖ Bear volume is low compared to bull volume on the rise.
➖ The RSI remains strong.

Bitcoin is set to move forward based on the action coming from the Altcoins.

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Yorum:

🅱️ 👉 Here Bitcoin is showing the exact same pattern as the Altcoins above... Let's dive in.

➖ After a peak 9-Nov we have a green session followed by three days of a retrace, a very small retrace and we are seeing full green today.

➖ The current candle trades at the highest level compared to previous candles.

Now, this needs confirmation in 30 minutes when the day closes but we do not need this confirmation, since the Altcoins predicted this would happen.

➖ The trading volume today (green) is higher than all previous days (red).

The bulls are in full-control.

The market liquidated the over-leveraged traders before moving ahead.

➖ Over 42M in shorts liquidated in the past 12 hours... Bitcoin is going up!

Namaste.

İşlem elle kapatılmış:

Markets conditions changed.
This analysis no longer actual.