Reviewing Twitter Requests (August 9, 2021)
hey guys if you like this content i would greatly appreciate it if you guys liked the video and subscribed to my channel it helps make these videos worth it going forward hey guys Altcoin Sherpa here with a crypto market review i'll be doing some altcoin requests that i had on twitter as always this is not financial advice i'm not an expert do your own research okay so i'll just briefly go into bitcoin really quick i'm just going to really uh run through bitcoin just because i do bitcoin every single day uh i still believe that like 50k is like the area to watch eventually uh for a lot of reasons and you look at my other videos just to like see um sr flip high vp uh volume profile area um yeah this is like the area that i'm viewing is 50k now i don't know what's going to happen after 50 000 but i still strongly feel that uh 50k is like the area of interest and i believe that all usd pairs as a whole should do well up until that point after that like again i have no idea like price could like blitz up and then break down to like you know 40k or even like lower it could uh like go even higher like past like 60k and then like break down up near this like supply zone like there's just a lot of different scenarios that can happen after 50 but for me i'm just playing level the level and like i'd be pretty surprised the price just like reversed and broke all-time highs from here i think a more likely scenario is just that price hits like a lower high almost certainly around like fifty thousand or fifty five thousand or sixty thousand uh and then like prices continues to chop around for a while um like we'll see this for the next few months so that's kind of my overall macro midterm uh thoughts on bitcoin and uh like 50k is like the area to break and all usd pairs should do pretty well in my opinion okay so let's look briefly at ethereum ethereum looks pretty good as uh most alt or i'm sorry most usd pairs will be pretty good during this time it's gonna fill out this inefficient move and there are there is going to be like a sell zone all throughout uh 3300 and 3500. if bitcoin goes to 50k then i believe that 3500 or so will be the area to look for i feel pretty strongly about that again similar to bitcoin i believe that eth will hit some sort of like like a lower high something like this like you know pull back and then you know it could go all the way up to 4k i think it's maybe unlikely to just have this like kind of huge run but regardless like 4300 should be like a pretty good area to start selling uh for a lot of reasons but the main is that there's just like a lot of time spent in between each peak and usually when that happens like these initial first taps of like a support or resistance area is like a good initial uh entry so but again it's really going to depend on how price gets there for me i'm bullish up until like 3 500. and the the thoughts are very similar to bitcoin going to 50 000. i think that it also looks pretty good um in that regard don't quite know what's going to happen after like 3500 but like you know that's kind of like my overall target for uh ethereum usd uh let's look briefly at some i'll go to eth btc too eat btc actually is still in a bullish uh market structure in my opinion on the higher time frame charts like the weekly uh this to me seems like still undeniably bullish like you know we're seeing uh higher highs higher lows and like i think what we're seeing right here is just like a higher low form as i always say in like the previous videos it takes a long time for lows to form and you can see back in all throughout this the last few months like this low has been forming but that's not really very uncommon like you know if you look at each usd in the past you'll see that these lows take like many weeks to form and this is no different after like such huge run for btc back in starting in march uh we're seeing this low kind of consolidate here and uh form like with that said i'm not saying that like this bottom is necessarily completely in we could certainly see something like oh five five tapped again like if bitcoin goes really strongly up to like 60 000 i'm pretty sure that 0.5 will get tapped um but but regardless i do believe like the overall kind of midterm lows are in like 0.5 it shouldn't go lower than 0.55 in my opinion um still think this looks pretty good on high timeframe charts like you know it spent like a few almost like years in accumulation and then now it's it's starting to go 08 is like the next area up after it can break like this is kind of like a non-level um i'm not sure why i marked at the 07 level but yeah this is kind of like my overall thoughts on each btc it still looks pretty good in my opinion so and when eat btc does pretty well it usually means that uh alt btc like the good pairs are pretty decent and i think you're seeing that across many uh i'm sorry not many alt btc pairs but but the [ __ ] there's a lot of [ __ ] bt all btc pairs as well like they just look terrible so anyways i will start going through many different altcoin charts now and these are some all coin charts that you guys requested uh let's go with matic usd matic this doesn't look very good um i mean it looks fine it reclaimed this kind of accumulation kind of zone but as a whole it just doesn't really look great it wouldn't surprise me to see this chop around a little bit more we like you could maybe argue this is like looking like a v-shaped bottom but i don't really necessarily think this is quite it like this right here is a v-shaped bottom like right here uh like the reversal after the dump in may this is a the definition of a v-shaped bottom and then after it hit like kind of this double top price just like pulled back a lot so like matic is still a good project but i don't really see this being a strong mover in the short term i think this is still just going to keep chopping around and consolidating like this isn't really a good act of trade in other words uh what you can see too is like the 200-day ema was like a pretty solid buy uh of course like you know easy to say that in hindsight and it's funny because i actually i remember trading this when i bought around 75 cents and thinking that the 2008 ema would be a great buy because it hadn't been touched in quite some time but you know i actually got stopped out and it's stupid because i've done so many of these types of trades and gotten whipped out or stopped out just because there's like a lot of liquidity underneath uh and people like me you know who will just like just puke puke sell my [ __ ] um in these situations uh and then price just rebounded so yeah that was like a bad decision on my part but um to me this is like not an active trade uh dot usd t to me this just looks like it's consolidating this 200-day ema is this red line here we're seeing this act as resistance and this is pretty common uh when you see a large gap in price and this ema as you can see uh there was like a large gap up until recently and now this is like acting as resistance uh it would be interesting to me to see this flip as support so like i would want to see kind of like this to keep grinding up and then you'll see a lot of times price flipping back and forth this 200-day ema when uh when it's going from resistance and support uh look at the 2019 btc chart for more of this example you'll see it flipping and flopping back and forth as resistance resistance and support and this kind of reminds me a little bit of link to link was trying to break its 200-day ema resistance area but to me like i still am expecting this to consolidate within this overall range of 28 dollars and 17 dollars i think it'll consolidate for quite some time and then maybe maybe move up later link so this is like again we just discussed it with dot excuse me okay so we are looking at link and as you can see this 200-day ema is acting as resistance this red line but we and we saw a dump but we're seeing price consolidate with it so usually as i said before you'll see this starting to flip around back and forth i mean to me like with the way that the market is looking i think this is actually pretty bullish and i think it's actually going to go to like 34 that's like the next area of interest for me this is like a very high volume uh area as you can see with volume profile there's a lot of trading activity between 24 and 34.
so in terms of active trades it's a little bit confusing to me in terms of overall profit targets but i think it's pretty likely that price goes and grinds up through this area and just consolidates i think that's pretty likely for uh link usdt uh ada cardano uh what we're seeing here is we are seeing we're seeing resistance around 150 get tapped over and over again i think this is actually going to break eventually like pretty soon so what we saw here was another test of this back in early july uh i thought there was two scenarios either one it breaks up to one past 150 up to 180 or it breaks down and it actually decided to break down and it did not break or did not find any support at 120 like i was thinking it broke down even further to a dollar so right now what you're looking for uh if you are bullish on ada is just for this price to continue grinding up in this area but i mean when it is grinding up against resistance in this context it looks pretty bullish especially given the market environment and it's also important to understand too that this is a 200-day ema is actually a support it's not resistance like it is for link and dot so uh like if you know if you're if you're fishing for an entry again i would look for like 126 but um it price continues to grind up around here you can probably expect 180 but i wouldn't necessarily recommend buying here because it is resistant still luna this is a trade that i am currently just got out of actually and that reasoning for that is that i think that btc looks bullish and therefore all usd pairs will look bullish as well i closed out the majority of my trade around actually 1340. and again the reason was just because i thought that a this was a support level around you know this kind of 13 area and i also more importantly felt that btc usd looked bullish to me on the daily and therefore i think that all usd pairs will look bullish as well so i closed out the majority of my short around 1340 and then i also closed it out this morning like the low 14s and i have uh asks all the way up like around 15 and 16. i i don't think it's going to break 17 personally like i would be pretty surprised if a brick 17 on this go um i have asks all throughout like 15 and 16 and 17. so like this is like the area that i'm looking i'm still looking to short luna to be clear uh and i'm looking for like the 11's or so but um i think that this will short term move up so yeah i'm just i'm still looking to i still think this is going to head lower and cool off um with that said like you know we might see something like this or grind up and then maybe like form some sort of higher low and then uh continue that would be a scenario that i'm viewing but for now i definitely think this is like kind of cool so like i'm just looking to short up at like 16 or so that's kind of my overall plan for luna xs like similar to luna i'm actually looking to i'm not looking to short this but i do think this is heading lower like i think this looks like distribution myself um like when you see crazy wicks in both directions and price just like consolidating this is usually not a bullish um type of market structure uh on lower time frame charts and it's not really it doesn't look good too when like candles are closing like this you see like big wicks up and uh not much follow through certainly possible that this like scam pumps up even higher but i think it's very likely this just heads lower like 30 is like my overall kind of um kind of area to to to look for um high cell volume coming in yeah this is like to me looks looks bad and i'm guessing that once this cools off big then we will see stuff like alice and other nft coins kind of go lower as well ach this coin had insane amount of pumping my friend actually got in like really low and then like did really excellent on it to me it looks okay i mean usually after huge runs like this though you'll need to see like lots and lots of consolidation theta is a good example if you want to look at charts of theta where like it'll do stuff like moon and then it'll like consolidate for like months and weeks and then it'll have another leg up but to me this just like looks like it'll it looks like it's going to consolidate for a while um yeah i'm guessing this consolidates a bit i don't think it's going to make an another leg up uh anytime soon in fact like you might just want to consider buying at uh 0.085 like kind of like
what i expect to be like the range bottom but i'm expecting more consolidation on this one i don't necessarily think it's going to go and break higher myself anytime soon dgb really good moves lately 200-day ema should act as resistance uh this chart isn't super clear to me to be frank and honest with you um i i do think that this 078 area will be resistance i think that this is probably going to be like a high volume area yep so expecting this to continue chopping within this kind of range here don't really think it's an active trade myself cava this was pretty good lately um did hit the supply zone around 650 and wicked up crazy volume that came in so like this was like kind of like the short-term bottom in my opinion i think it's likely that this like continues like you have another test up near there and then you can consider selling for sure up near this area but i would be careful with your profit targets for shorting this thing because there's like kind of a crazy amount of volume that came through so maybe it'll just keep going and like i think the btc pair also looks pretty good on this one if i recall correctly uh so expecting more resistance from 650 to 750 but um let's just kind of see tomo this was the one coin that i was thinking about like longing during like mid july because the market looked really [ __ ] back then and like this is the one all coin that looked pretty good i do believe that this um this was a sell zone around three dollars to 350 and price did pull back from there but we're still seeing this kind of grinding price action where price is just like chopping up and slowly grinding up i don't know if it's going to continue but i mean this could be a good example of like stairs up elevator down like where we see continue grinding up and then boom like elevator down but i think as long as bitcoin looks good then we'll see this continue to go higher actually so this is also an impressive coin too because it actually got up to levels before the big dump like you know all the all coins dumped in may this is actually one good example that all coins can reclaim kind of like those old highs um for me personally i thought that a lot of them would require a lot more ranging and consolidation but we're actually seeing coins like tomo go back to some of their old highs ocean looks okay rounded bottom this looks good on higher time from charts in my opinion you'll see just kind of this continued uh rounded bottom this looks like rsr where you'll see something like this like up and then down and like you'll see in my opinion i think you'll see like a cup and handle something like this that's that's my guess as to what happens so like looking at the 77 area or 08 is the level that i would i would view i'm guessing this continues to chop up until that point though so ksm looks okay for right now kind of like a double bottom on low time frame charts i'm using these fibs as sr levels like for an active trade you'd want to look for 250 as a break in my opinion something like this until that's just going to be resistance so expecting still more like chop overall but like if you're looking for an active trade look for a break of 250 and then go from there like probably target like 300 uh and if the market overall looks pretty healthy then you target even higher like 370 or so ren similar chart as ocean and rsr and all those others so just go ahead and assume rounded bottom and then uh probably resistance at like 64 or something like that crv this coin looks pretty bad not an active trade um resistance all throughout like the two dollar area this is a really choppy chart it's confusing to me like i wouldn't buy it personally like if the entire environment is just bullish like you know you'll see a break of this and then i would target um 270. this wouldn't surprise me at all but again it's it's going to be more because all usd looks good and not because like crv is like good if that makes sense mitx don't know what this is um would view 64.064 as like an area of interest yeah that's like kind of an area that's coming up so should be i don't know if there's features offered on this but i would uh short that area it is formed a good base though it's something to uh acknowledge is that this base has been formed even earlier than the other coins that dumped before so like you know other coins were really pumping like beforehand and this pumped and then just dumps a card but this dumped even this was dumping before like the big big dump uh in may so it's interesting to note that this has been accumulating longer so therefore it might actually have like a pretty strong run once it breaks 0.65
because it has been accumulating even longer than the other coins you know we saw many other coins like accumulate recently but they've been accumulating uh less time so this could actually pump pretty strongly but similar to other coins i would wait for a break of 065-ish file the file coin this is a [ __ ] coin as they all are it looks good like in terms of the volume coming in um i wouldn't necessarily buy i don't think but it's interesting to see that this 65 cents area or so has been flipped to support and price is uh able to hold above it so we're seeing right now we're seeing like you know all the support all throughout this range in may and we see price dump below and then it's resistance actually uh right here in here so we're seeing resistance uh and then now it's flipped to support uh don't really think this is i don't really know if this is an active buy or not i would definitely take some off at 88 cents myself and then there's a psychological number of i'm sorry 88 and then there's a psychological number like 100 this will be kind of areas to view ramp uh looks like i did a chart of this and thought it might have been like a double bottom and i was horrifically wrong optimistically bullish back then didn't think that price would dump as bad as it did of course um this looks better than it did before because i mean well there was a lot of volume that came there but there was no follow-up here there was actually some okay amount of volume but to me this doesn't look really like uh bi um to me it just still looks like it's ranging good moves now but there is some resistance uh for sure around 26 cents uh i wouldn't necessarily buy myself though adam was in a consolidation range broke down and then it entered a new range here's the range that you're viewing it looks okay i mean not good or bad i'd probably wait for a break of [ __ ] 14 or so and then the test and range highs so something like this and then test 17 and then after 17 you'll see this area up next around 20. but to me it's it's pretty likely that this will hit the range high especially given the environment so like you know 17 bucks should be like the next resistance area up fct i reviewed this coin before this actually looks pretty good um i think this is actually one of the safer all coins you can buy over the next few years because of the backers and because this is just likely to stay around for a few years like that's more than like nearly every other all coin can say like who knows what the [ __ ] ax a x axs is going to look like in a few years given like all the new games and nfts like you know it's really going to be very interesting um to me this looks like kind of the next area up though like this 50 to 53 area um this is an area that i would definitely start taking profit at but you know if if price starts to dump if you are looking for a long time bag uh ftt is probably one as i said in twitter i'm not a sam worshipper like many other people are but like i do think that they will be around for a while so this is an area of i would view though it was like 55 or so it looks good though i mean like had pretty good recovery band i was observing this structure on the four hours a very weird one it's like kind of like higher highs and higher lows and just like totally broke down but i mean that's like a good example of like why you should look at higher timeframe charts anyways um like the the overall market structure on this thing is just really bearish overall uh it still to me is bearish like unless you want to count this like as a high then it created a higher high like recently but i don't necessarily know if this is like a valid high if it is then actually it looks pretty good because what you're looking for at this point now is like um you're you just saw a potential breaking market structure on the daily so like you see a low and then you take a higher low and then you like if you don't if you denote this as a high then you you see a higher high but to me a better way of visualizing this is just um i think it's just like in a large consolidation honestly like this entire thing is just like a big big range and i think it's just still like kind of an accumulation mode from like four dollars to nine i know that's like a pretty big price range in general but um to me this is like a better this is like how i'd rather view it myself it's just like that price is in a range i do think similar to um adam though this is going to go to like nine dollars i think that the range high is pretty likely and you can see that this range too like you know the sr this eq equilibrium of the range is pretty like set as a good sr level you can see this support support support breakdown resistance resistance and now it flips to support so something like this would make sense to me like go up and then go back down hdr this coin actually looks really good once it flips 65 cents i think that the next area of interest would be like this 90 cents area uh there's a lot of confluence with that area more like a dollar actually but this looks strong to me if you're looking for an active trade i would wait for a break of 65 and then go from there roon is a coin that i'm in uh i thought it was going to go more like 10 but you know price actually broke down like i still think that 10 is like pretty likely and i'm pretty happy that i was able to buy some all throughout the fours and fives um is this the overall bottom for roon i'm not sure i mean the volume is absolutely insane which is usually what you want to see for a bottom um but for me i'm just playing at level level i think that like 10 seems pretty good and kind of possible for sure i did buy some at 640 actually i got very lucky very lucky to get filled but i do have some lower orders that didn't get filled so i do think that ten dollars is the next area up for roone anyways i hopefully you guys enjoyed this video thank you so much for the support and thanks for uh 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