Bitcoin&XRP(Ripple)&XTZ(Tezos) Analysis/02.03.22-Right perspective
First of all, I would like to thank my sponsors.You can follow them here.
The posts on this page are not investment advice .I am not a financial advisor. Just sharing my thoughts.
My motto is Keep things simple.
Follow the Trendlines, not the Headlines.
I will try to show you what I see.We will look at many altcoin analyzes.
Remember! Buy the Fear, Sell the Greed.
Fibonacci is my favorite love after my wife :D
If you are ready, shall we begin??
Let's start wih Bitcoin!
Market Cap
$835,483,806,081
Currently Price
$44,036.76
source: https://coinmarketcap.com/currencies/bitcoin/
If we look at the bitcoin chart, I have drawn the key support and resistance zones for you.I've been telling you for a week that whales scare small investors and buy bitcoins at low prices.Those who want to take a look can review my previous articles. :) We see the same jam we experienced at 39000 level at 44000 level.Price failed to try this place 4 times.if price crosses here, 45500 important resistance zone will be waiting for us.I will show you my expectation in the chart below.
I shared this expectation with you yesterday.
How are we going ? What do you think ? :)It is normal for the price to correct from time to time. even healthier.
Next is XRP (Ripple)
Market Cap
$37,036,345,534
Currently Price
$0.7724
https://coinmarketcap.com/currencies/xrp/
Xrp in a coin I expect nice rises if bitcoin continues to rise.We can say that our line from below works as a nice support.For now it's holding nicely above the 0.76 region.With bitcoin rising, we may experience some pullback from the 0.85 important resistance zone.
Next is XTZ (Tezos)
Market Cap
$3,084,799,670
Currently Price
$3.51
https://coinmarketcap.com/currencies/tezos/
The graphic I shared on February 27
and current :)
I said I expected the same move and now we've almost reached our destination :)
If the price stays above 3.5, the first place to go is 3.8.price may want to go up again from the yellow support zone if it pulls back a little.
https://alternative.me/crypto/fear-and-greed-index/
I've been saying for days that whales buy bitcoins at low prices and scare the small investor and buy more bitcoins, right?I think the small investor is starting to stop being afraid now. :)
Btw I'm thinking of increasing the analysis of altcoins day by day.
Those were my market comments today, thank you for reading.
See you again soon. I will be here after this.
Respects.
I totally agree with you my friend, as if the whales are playing within these limits, they are scaring the small investors, and taking their profit.