Man of Bitcoin @Man0fbitcoin
Only private elite here!! I will mainly talk crypto market, price action analysis etc. ONLY FOR A FEW PEOPLE 📌MAIN ACCOUNT @Manofbitcoin Joined May 2018-
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$LINK: One of the charts holding strong support. Price appears to be targeting the trend line, and a breakout above would confirm that wave-(3) is unfolding to the upside.
$ADA: Price is once again testing the ascending trend line. Holding above it would confirm support, while a breakdown could send it toward the next key level at $0.815.
$SOL: The white direct bullish scenario is still valid. A break below $173 could indicate that a potential 1-2 setup is forming.
$ETH: While BTC is forming lower lows, ETH chart is still far away from the invalidation point at $4,066.
$BTC is trying to hold support above the $112k level. If it breaks, next downside support is at $110,465.
Looking at the $BTC Dominance chart, it’s interesting to note that while Bitcoin is in a correction, altcoins are holding up relatively well.
$INJ (by request): As long as the price remains above the $11.86 price level, wave-5 of c of (a) should follow next. Ideal target is the 100% Fib extension level at $22.04.
#TOTAL2: Rejected at the $1.7T level. A potential cup & handle pattern is forming. A clean breakout above would trigger a parabolic move for altcoins.
$ETH: As mentioned yesterday, the chart likely completed a wave-A top and is now in a wave-B pullback. As long as price holds above $4,066, we should see at least a wave-C of B develop next.
$BTC price failed to break above the descending trendline. If it breaks below the recent swing low, the next likely target is around the $112K level, where I expect strong support.
$DOGE price could have formed a low in wave-2. A break above the descending trend line would confirm this scenario further. Eyes on $BTC for the 3rd wave.
$ETH: As long as we ride this ascending trend line, higher targets are on the table.🚀
$BTC: We’re in the late stages of a bull market TOP. Don’t just HODL your altcoins blindly… have a PLAN.
$ADA price is holding support above the ascending trend line. As long as it remains above the last swing low at $0.838, wave-(c) of iii could begin from this region.
$LINK price is may be working on wave-(3) to the upside. A sustained break above the trend line would confirm that we are dealing with a third wave.
$ETH price has reached the descending trend line and the 1.38 Fib extension level to the upside. It could be that wave-B starts somewhere in this region. Support is between $4,251 and $4,130.
$XRP price has reached the descending trend line. A break above this trend line would be an early signal that the yellow scenario is taking the lead. The price should hold support above the last swing low at $2.81.
$XRP: I added a short term bearish scenario to the chart. This scenario is valid as long as the price remains below the descending trend line. A sustained break below $2.85 would confirm this scenario further.
$ADA broke below micro support, suggesting that a larger ABC pattern in wave (iii) may be unfolding to the upside. However, a decisive break below $0.815 could instead indicate that price action is potentially forming a i-ii setup.
$ETH price reacted to the 38.2% Fib retracement level. This is an ideal target for wave-a of a larger ABC correction. A break above the upper boundary line of the channel would indicate that at least a wave-b is unfolding to the upside.
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