Hello there, crypto enthusiasts and market experts! Professor here, bringing you a critical update you cannot afford to miss! ๐๐ฅ
00:00 Hey guys, let’s dive right into the world of altcoins. You’ve heard me sing the praises of Bitcoin lately, but what about the underdogs, the altcoins? ๐ค๐ค
00:16 Well, guess what? I have not forgotten them; I was just analyzing. Let’s get to the heart of the matter and talk about what the cards are screaming at us. ๐๐ก
00:23 We look at an 8-hour chart that excludes Bitcoin and Ethereum. Notice this massive channel? This is crucial to the altcoin market, and right now it screams “Resistance!” ๐๐
00:49 Yes, we are walking on thin ice. This is the time to hold your horses on altcoins and keep your eyes peeled for those levels โ 335 and 319 billion, to be exact. ๐ฏ๐ก๏ธ
01:32 Bitcoin remains our “safe haven”, especially with Bitcoin dominance soaring. Stay with me, and you’ll know why my 80% trading focus is now on Bitcoin! ๐๐ก๏ธ
02:42 Spotlight on ADA and Ethereum: My positions? Increase in ADA at 0.268 and short Ethereum. It’s not about being bullish or bearish; it’s about being smart! ๐ฏ๐
04:53 What about LINK? It’s all about that channel, baby! We took a long position and achieved a phenomenal trade. This channel strategy works like magic! ๐๐
06:18 Speaking of magic, let’s talk Matic. Big resistance here; don’t jump the gun. When the channel says go, we GO! ๐๐ฅ
07:27 Targets? I have them! 1.7, 1.9 and 3.2. Manage your risks and reap the rewards, simple as that. ๐ฏ๐
08:00 XRP? It is timed out under resistance. But hey, let’s keep an eye out for that backlash. This could be our golden ticket. ๐ซ๐ซ
09:11 Bottom Line: The Total Three Chart for Crypto says altcoins are in danger. For now Bitcoin is my ride or die! ๐ก๏ธ๐
09:51 Hang in there, get involved, and let’s keep this conversation going. If you’re still with me, you’ve just leveled up your trading game! ๐ฎ๐
one love,
The FXPROFESSOR ๐
full video transcript: 00:00 Hey everyone, time to look at altcoins. Professor was extra extra bullish on Bitcoin. Okay, you don’t see that much on altcoins. 00:10 I posted a lot of Bitcoin, not much else. People ask me, hey, you forgot about phantom. You forget about sandbox. 00:16 You’re forgetting about STF CFX, but I haven’t forgotten about anything. It’s just me following the charts. So let’s follow the chart. 00:23 This is the total three. It excludes its cryptocurrencies, excluding Bitcoin and Ethereum. So what do we have here? This is the eight hour chart. 00:32 And we see a massive channel, okay, that’s support at the bottom support resistance in the middle and its resistance at the top. 00:42 So what do we have here? Let’s go to the 15 minute chart. Unfortunately, ladies and gentlemen, my dear friends, we have resistance. 00:49 So we have to be careful because these breakouts haven’t gone higher. So we are in danger of going down a little or a little more. 01:02 So 335 and 319 billion. That’s where I want to buy again and of course I will have warnings. Love all 3 on great support. 01:23 So we have to be careful with altcoins at this moment. Think about it this way, Bitcoin. For me it is a safe haven. 01:32 That’s why I keep saying safe haven. I’m repeating myself a little bit, but you know maybe it’s not the perfect time for riskier assets and cryptocurrencies altcoins and so on. 01:44 It may be time for Bitcoin. So personally I prefer Bitcoin at this point, but who am I? 01:50 Let the chart do the talking. Let’s go to Bitcoin dominance. You see how it exploded and you can see here why from this level here for this breakout on October 2nd we put 80% over Bitcoin, Bitcoin, Bitcoin because the dominance was expected to go up. 02:09 And it broke out higher. So my expectation is to see the 58%. We are now at 54% and if the price goes lower it has big, big support at 52%. 02:22 So Bitcoin Dominance Says: Hey mate, maybe it’s not a perfect time for altcoins. This is the time for Bitcoin. 02:32 And we go to 58% or we go even higher at 66%. Well? Now let’s look at the main altcoins that will make more sense to everyone. 02:42 Ada, looks good. Looks good. And I want to increase my position at 0.268. We’ve been through this a long time. It is going well. 02:50 Ethereum, 1771. Today we went my community just below this level over here. So we have a short position that hedges our long positions and it’s beautiful. 03:00 1.827 is resistance support at 1629 and let’s move to SDX. no big news here okay big support will be this level here that’s why we have the alert and it will automatically go to our friends and family who follow us very very similar very close to support but you still see that it’s not higher going for 03:29 not so one inch let’s discuss about one inch it’s a 15 minute chart you see it’s rejected in the middle of the channel if we go to four hours would make sense so one hour actually goes a lot some of you know it’s going to make even more sense so what do we have here we have a channel how 03:51 simple is it to make a channel I mean you know resistance or resistance resistance and the middle of the channel so we stay long we have a long position but we want to buy above that level and that is exactly why we have the warning there and when it hits there if it breaks higher we go long for 04:10 the time as we are aware and we will look at following the price inside the channel does it work does it make sense let’s take another example let’s look at link for example and let’s go to the eight hour chart and look at these guys i mean the simpler it’s straight the most 04:32 simply load the world as the most beautiful channel support support support support three times at the bottom of the channel three times very clear three times very clear resistance above and then what we have the false here and the minute that it goes back into the channel, this is the time 04:53 to go long, this is the time we went long and this is how we followed the price and we increased the position here at this level and we have ‘ a phenomenal trade we shared the result with you here it’s the same chart it’s the same transaction so the channel works we’re waiting for the price to go at 05:12 the channel and it will be support and we can the position which we already took profit from massive or if it dips back below the channel then we’re going to go short and we’re going to keep the stop loss over the channel as simple as I want to show you Matic before I go because 05:29 it also has a big big resistance Matic is one of my favorite assets and I have posted it many times from 0.20 up to 2.4 and 2.8 so if you have followed me you can check the previous ideas we have done very well with now nice entry and nice exit so we look at 05:56 to get back on Matic, but we want to see the price come back in the chart. I want to see the price come back in the chart, so for now we are at the scary situation where, ah, scary, okay, ah, but we are below the channel, so we are below what is currently major, major, major resistance. 06:18 So, ah, one can be short, okay, or one can wait. This is what I do in this case. I don’t want to go short on magic because it’s one of my favorites, but what I want to do is I want a big hole alert here that will allow me to go long and buy this break. 06:41 If the price goes back into the channel, magical big entry, we get up and buy. That’s what I say this breakout in the channel with stop loss 0.64. 06:51 So that would be an entry at 0.66 a stop loss at 0.60. 4. Let’s put a number in it. So from there to 0.64 it’s about 3%. 07:03 Okay, 3% exactly. But where is the profit? Well, if you look at the take profit, we are looking for a take profit from and always think risk to reward is going to help you a lot to manage risk. 07:17 So we’re looking at taking profit here at 153% higher or there at 188 or up to 364. 07:27 So that would be my 3 target. 0.64, the stop loss 1.7, 1.9 and 3.2 and of course there is another level after 1.03. 07:39 So I’m going to add that 1.03 as well as a 4.0. 4th target and that would be a beautiful trade. 07:48 Don’t get too excited for now. Let’s also look at XRP, because many of you asked about XRP at the time as well, so I can’t buy it. 08:00 I can’t go long. Wait and see if there’s a pullback here where the support level is, because if it does, then I want to go long there and I want my stop loss under there and you know, the beauty of this is that small risk, high reward, but at the same time as the price recovers a little bit 08:17 like Bitcoin, today we get a new entry and the price bounced back from here, well, up there. 08:26 So we’re already moving out the stop loss entry and the worst case scenario is that we’re going to hit the stop loss and make no money, lose no money, okay. 08:32 So these levels will give you a very high return for a lower risk and at the same time it’s a highly likely level to return, so it can give us a very, very flexible. 08:48 Way of trading for the moment this is chart that I want you to focus on and this is the total three for crypto so altcoins are at risk right now for all the charts I just mentioned we want to buy much bigger altcoins and there we will have a proper bull run if we can just break this level 09:11 and get outside the channel and get the breakout so for now we have looked at bitcoin dominance i will stick with bitcoin as an 80 % of my trade and of course I will stay on bitcoin for a long time. 09:27 That’s it from me. Hope this makes sense and this time give me some comments discuss with me because this is a kick video with many of you know, precision maps and many educational tips. 09:41 So it’s you who stayed with me until the end of this 10 minute video. You must have learned something and I hope it helps. 09:51 Be careful. Keep in touch.
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