Don’t Panic, What Happens Next For Crypto Will Be Quick!

Crypto Banter

Crypto Market Analysis

The crypto market is experiencing a pullback, with coins taking double-digit dumps. The question is whether this pullback will be sustained and how deep it will go.

Bitcoin Analysis

  • Support Levels: Bitcoin has a trifecta of support levels around $89,728, including a horizontal level, a stop and reversal indicator, and the 21 exponential moving average on the weekly timeframe.
  • Daily Time Frame: The daily timeframe shows failed attempts at breaking a significant level, suggesting this could be a range high.
  • Seasonality: February is historically one of the strongest months for Bitcoin, suggesting that despite current volatility, the outlook for the month remains positive.

Altcoin Season

  • Historical Patterns: Past patterns indicate that after Bitcoin reaches all-time highs, it enters a choppy period, which is followed by an altcoin season.
  • Bitcoin Dominance: A drop in Bitcoin dominance often precedes an altcoin season, as money flows from Bitcoin into altcoins.
  • Altcoin Market Cap: The total altcoin market cap is expected to break out after Bitcoin dominance peaks and starts to drop.

Specific Coin Analysis

  • Altura: Potential support at the range lows, with a buy signal if it reclaims the yearly open.
  • Polytrade: Similar to Altura, with potential support at the range lows and a buy signal on reclaiming the yearly open.
  • Maria: Also at range lows, with a potential buy signal on reclaiming the yearly open.
  • Hype: Needs to close above $25 to confirm a trend reversal.
  • Filecoin: Caught at the yearly open, which is a major support level.
  • NEAR: Attempting to hold the yearly open, with potential for a reversal on reclaiming it.
  • Brett: In an S-flip region, needing to reclaim the early open for a potential reversal.
  • Aptos: Range-bound between $7.76 and $7, with a need to get above the early open for a trend reversal.
  • Rune: In support, with a need to see some form of reversal.
  • XRP: Expected to follow Bitcoin's lead, with potential downside to $0.28 if Bitcoin drops to $90,000.
  • AI 16Z and Virtuals: Both in support regions, with warnings signs if they fail to hold these levels.
  • Goku: Hit all-time highs, defying market odds, and is expected to continue strong as it coils up for a potential explosive move.

Educational Resources

  • WhaleRoom School: Offers trading education, with a link provided for signup.
  • Whale Trades Blogs: Free access to blogs on trading strategies and market insights, with a link to sign up.

Conclusion

The crypto market is experiencing volatility, but historical patterns and seasonality suggest a potential for an altcoin season. Specific coins are analyzed for support levels and potential buy signals. Educational resources are provided for those looking to improve their trading skills.