Amir

Crypto & Stock Analysis | Altcoin Research | Macro 📈 | Investor |
Sharing Data, News & Analysis on Bitcoin & Some of the Top Altcoins in the Crypto Market

[Amir @Crypt0Rationale]

@Moneytaur_ The destiny of a King is checkmate. Better to be a pawn where at the end of the road you'll become a queen.

[Amir @Crypt0Rationale]

$PEPE Are you Paying Attention?

[Amir @Crypt0Rationale]

$PEPE Much Lower Than Anticipated

Zooming out price action has broken below the channel

There are two options really; chop in the current range with another go at resistance above or break lower into the next green zone below.

#PEPE

[Amir @Crypt0Rationale]

#Bitcoin Bloody Predictions 🩸

[Amir @Crypt0Rationale]

#Bitcoin following the path 📉

[Amir @Crypt0Rationale]

#Bitcoin following the path 📉

[Amir @Crypt0Rationale]

#Bitcoin Lower We Go 📉

Short term path over the next weeks remains the same down into the green zone below

Price was unable to push higher and rejected at the first line of resistance

Could we still test the trendline above on a short term bounce yes but time is ticking 🕑

#BTC

[Amir @Crypt0Rationale]

#Bitcoin Dominance Filling In the Wick

As mentioned before wicks have a tendency to get filled.

Dominance is currently pushing higher approaching resistance. Push past the red zone and a touch of the channel top is likely.

Reject and we should push back into the range below.

[Amir @Crypt0Rationale]

#Bitcoin Dominance Chart

Bitcoin dominance continues to show strength as it has pushed deeper into the red zone.

This move up has put much pressure on the #altcoin market resulting in a large drawdown over the last days.

For now dominance is chopping between support and resistance directionless until one of the regions break.

Short term momentum remains to the upside as dominance continues to rise.

[Amir @Crypt0Rationale]

@WhatTheFreg 🤣

[Amir @Crypt0Rationale]

$PEPE Much Lower Than Anticipated

Zooming out price action has broken below the channel

There are two options really; chop in the current range with another go at resistance above or break lower into the next green zone below.

#PEPE

[Amir @Crypt0Rationale]

$PEPE The story was foretold 🔮

All levels hit. I'm expecting a turnaround near these lows.

While placing my bids I had to remind myself I'm buying shares of a frog (worth billions of course 😂🤦‍♂️). The risk is always to the downside, make no mistake about it.

🫡

[Amir @Crypt0Rationale]

@Ichigo_Kuro_sak Time will tell. For now we are far from such prices.

[Amir @Crypt0Rationale]

$ALPH

Price reached the bottom green zone from where it surged nearly 70% ($.25-$.44).

Current price action is heading lower after being rejected in the red zone. The green zone below us carries a lot of liquidity so price is likely to head into this region before another wave up. Price could also consolidate in this region for a bottom formation prior to taking the next leg higher.

Lose the swing low near $.25 opens the path to sub $.20 prices.

#Alephium

[Amir @Crypt0Rationale]

The #Crypto market can go much much lower

In the end the house will eat on the majority's expense

[Amir @Crypt0Rationale]

Become obsessed with timing the market

[Amir @Crypt0Rationale]

@ChengisWang 2 weeks ago for 26 cents

[Amir @Crypt0Rationale]

#Bitcoin Lower We Go 📉

Short term path over the next weeks remains the same down into the green zone below

Price was unable to push higher and rejected at the first line of resistance

Could we still test the trendline above on a short term bounce yes but time is ticking 🕑

#BTC

[Amir @Crypt0Rationale]

#Bitcoin Top Is In Folks

Best case scenario price pushes near or just above prior highs ⌛️

Now for what price action is currently doing

Heading straight into a cluster of resistance with important swings highs that must be closed above for a shot at the range highs

The two outlined paths are the general expectation

90s -> 70s

#BTC

[Amir @Crypt0Rationale]

#Bitcoin Top Is In Folks

Best case scenario price pushes near or just above prior highs ⌛️

Now for what price action is currently doing

Heading straight into a cluster of resistance with important swings highs that must be closed above for a shot at the range highs

The two outlined paths are the general expectation

90s -> 70s

#BTC

[Amir @Crypt0Rationale]

@Fibonaccious Alph

[Amir @Crypt0Rationale]

#Bitcoin A bounce that will fail?

The fuel pushing price higher in this bounce is limited.

There is a good probability that price resumes lower deeper into Demand where a more significant bounce is likely.

There is much more fuel at this lower level to push price higher possibly to challenge some of the prior swing highs created during this down trend.

[Amir @Crypt0Rationale]

#Bitcoin Continuing Lower 📉

The bounce failed as expected and price is currently heading lower.

Price has now reached a zone where we could see a small reaction (think lower time frame) however the destination remains lower into the liquidity zone in green.

#BTC

[Amir @Crypt0Rationale]

#Bitcoin Bullish Again?

Price action has deviated and is in a bounce however there is much work left to do for market structure to turn bullish again.

The major level that must be recaptured is the prior swing high at $99.5/$100K.

Until then the downtrend remains intact.

[Amir @Crypt0Rationale]

Investing in the #Altcoin market is perhaps one the most difficult challenges out there.

99% fail

I’ve invested in countless alts over the years and the majority have gone with the wind.

Here are a few:
$SPI
$ZEPH
$MATIC
$KAS
$DNX
$ATOR

A handful have turned out quite profitable.

In the end it’s an absolute massacre

The best time without a doubt to get into the altcoin market especially new launches is within the depths of the bear market when liquidity is dry.

During this period there are less scams and launches due to the lack of liquidity and lack of attention.

However this does not make investing in the space any less risky.

The best bet for the average investor is to enter highly liquid coins that have withstood the test of time.

Even then technical analysis is the single most important skill necessary for successful participation in the most risky asset class today.

The problem is there is too much of the wrong info out there led by those who pretend to know and those who really don’t know.

It’s a game of levels, liquidity, and timing.

[Amir @Crypt0Rationale]

There you go Mr. @GaryCardone that didn’t take long. Deep into the 5 digits.

A space then full of people calling for $200K+ $BTC prices and more importantly that 5 digits #Bitcoin was a thing of the past.

The question now is are you prepared for even lower prices?

The point is to scale in efficiently not at extreme premiums.

We are still at an extreme premium.

[Amir @Crypt0Rationale]

@GaryCardone There will be ample opportunity to purchase #Bitcoin in the 5 digits in the coming years.

To say there is nothing in the charts or prior cycles that point to 5 digits being in the cards has no merit.

[Amir @Crypt0Rationale]

#Bitcoin Bullish Again?

Price action has deviated and is in a bounce however there is much work left to do for market structure to turn bullish again.

The major level that must be recaptured is the prior swing high at $99.5/$100K.

Until then the downtrend remains intact.

[Amir @Crypt0Rationale]

#Bitcoin Where Do We Go Next?

Price action has lost major support levels and is currently below the prior multi-month range.

While there is a chance price action is currently in a deviation the bounce is likely to resolve lower unless key levels above are taken.

The higher probability region for a strong bounce is around the $70K region labeled "demand".