#Bitcoin continues its massive pump to the upside and hit the next strong resistance area of $44,000 - $45,000. Price again reacted to the zone and might pullback a bit. Well, in this case its completely bullish. Well, in Daily TF, it might pullback to some expect around $42,000, which will be a healthy retracement.

#BTC.D broke the resistance and given a close above it Index made a immediate retest f the zone as support and rejecting. Well, We already the impact on the market over that, and if #BTC settles down here then we can see more fluctuations in alts. Right now, its better to keep the position with trailing stops.

The following chart displays the mean and ±1 std bands for the Unrealized Profit indicator, revealing the average profit stored in the market for every bitcoin. Currently at an all-time mean level of 49%, this metric hasn't reached the high levels seen in the euphoria phase of past bull markets, such as 60%+.

Here's the Analysis of #STROJ :

#STORJ is been rejecting multiple times from the major resistance zone of $0.839 - $0.885 and formed a consolidating range over the Strong Support zone of $0.623 - $0.651. Looking at the market situation, buys are in favor but here we've to wait for the price to reach till strong support zone for entering.

#Bitcoin started the small range just below the strong resistance zone and in Hourly TF, it forming a Bullish Pennant Pattern, which is a bullish continuation pattern. But incase it broke below then we can see a downtrend move which will correct the market.

#TOTAL2 (Altcoin MarketCap) Update :

#TOTAL2 flipped above the major resistance zone and tested as major support too around $675B - $687B. Well, Index might again do a retest back to the, which lead in short-term correction in alts. Additionally, If weekly candle sustains above the zone then we can see some strong rally in the altcoin, which will push the market till nearly about $790B mark.

Bitcoin crossed over the $40k mark to open December and Gold also pushed to new all-time-highs over $2,110 relative to the USD this week, setting a new historical high against all fiat currencies. Indexed to the start of the year, BTC has outperformed both ##USD and #Gold denominators.

Here's the Analysis of #LINK :

#LINK is getting stuck between the strong support zone of $12.78 - $13.37 and Strong Resistance Zone of $16.47 - $16.87. Well, Price is already bullish and clean range to move the price either side, so wait for a breakout to happen and take the setup either way.

#Bitcoin goes as per predicted, price gave a clean break below of the pattern and did a retest. Price again dump near tp the same level and formed range/ pattern too. We can expect the same, by which breakout will lead the next direction. Overall, we can expect a healthy correction too $42,000.

#TOTAL MARKETCAP UPDATE :

#TOTAL MARKETCAP gone as per anticipated and pushed till the Resistance area around $1.46 - $1.48. Index flipped and retest the level and pushing. Well, its a already testing a resistance, but not a good one, so in coming Days/ Weeks we can see continuation towards the major Resistance area around $1.75 - $1.78. Currently, its looks like a tiny Head and Shoulder forming, so might gonna have a retracement a bit

Market performance for #BTC since the cycle high is also strikingly similar to both the 2013-17 and 2017-21 periods. Note that here we use the April 2021 market top as the cycle peak, which we argue is a better reference point for comparing cycle duration.

🔴 2013-17: down -42% from ATH
🔵 2017-21: down -39% from ATH
⚫️ 2021-23: down -37% from ATH

This is on the basis of a very broad spectrum of metrics which signaled that this was the zenith in market sentiment, adoption rates, and investor confidence

What is Ichimoku Kinkō Hyō ?

Ichimoku Kinkō Hyō, commonly known as Ichimoku Cloud, is a technical analysis indicator developed by Japanese journalist Goichi Hosoda in the late 1930s. The name "Ichimoku Kinkō Hyō" can be translated as "equilibrium chart at a glance." The indicator is widely used in Japanese trading rooms and has gained popularity in the global financial markets.

Ichimoku Cloud provides a comprehensive set of information about potential support and resistance levels, trend direction, momentum, and the likelihood of future price movements. The key components of Ichimoku Cloud include:

1. Kijun Sen (Base Line): This is a mid-term moving average calculated by averaging the highest high and the lowest low for the past 26 periods.

2. Tenkan Sen (Conversion Line): This is a short-term moving average calculated by averaging the highest high and the lowest low for the past 9 periods.

3. Senkou Span A (Leading Span A): It represents the midpoint between the Tenkan Sen and Kijun Sen. This value is plotted 26 periods ahead.

4. Senkou Span B (Leading Span B): It represents the midpoint of the highest high and the lowest low over the past 52 periods. This value is also plotted 26 periods ahead.

5. Kumo (Cloud): The area between Senkou Span A and Senkou Span B. It is often shaded to visually represent the cloud.

6. Chikou Span (Lagging Span): The closing price of the current period plotted 26 periods back.

Traders use Ichimoku Cloud to identify trend direction, potential support and resistance zones, and to generate trading signals. Crossovers of the Conversion Line and Base Line, as well as the position of the price relative to the cloud, are commonly used to make trading decisions. The Ichimoku Cloud is considered a versatile and holistic indicator that can be applied to various financial instruments and timeframes.

MEXC will list TBT in Kickstarter at Dec 9, 13:00 (UTC). users can earn TBT by staking $MX token on MEXC exchange.

https://mexc.com/en-US/support/articles/17827791511914

Here's the Analysis of #ORDI :

#ORDI printed its All Time High Back 2 days ago and now in a retracement phrase reaching the strong support zone of $42.90 - $44.61. Also, Price formed a Head and Shoulder Pattern, which is kinda a reversal pattern, which might lead in price for strong pullback. Price is already near its ATH, so better wait for the oppotunrities.

#BITCOIN DAILY TF UPDATE :

#BITCOIN printed an another Higher High, after rejecting off from the resistance around $44,500. Well, Right now, it more looks like a sweep of the High, and market structure is strongly bullish, so have a next move expected till Resistance area around $46,900 - $47,400.

#LINK gave breakout out of the Strong Resistance area and currently retesting it. Price doing it as per out plan and now you can look for buys within that zone here with stops below the H4 swing low.

#BAKE gave a massive jump to the upside hitting our major TP area and other targets. Price made a high of $0.359, which is 126% in profits. I hope you secured major profits over the top.

What is Fibonacci Retracement Tool ?

Fibonacci Retracement is a technical analysis tool used in financial markets to identify potential levels of support and resistance. It is based on the Fibonacci sequence, a mathematical concept where each number is the sum of the two preceding ones. The key Fibonacci retracement levels are derived from ratios based on these numbers, particularly the golden ratio, which is approximately 1.618.

Here are the main Fibonacci retracement levels used in financial markets:

1. 0% (Starting Point): This level represents the beginning of the move and is often labeled as 0%.

2. 23.6%: Derived from the Fibonacci sequence, this level is considered the first level of retracement.

3. 38.2%: This level is another common retracement level, indicating a deeper pullback.

4. 50%: While not a Fibonacci number, the 50% level is widely used and is not part of the Fibonacci sequence. It represents a halfway point and is considered a significant retracement level.

5. 61.8% (Golden Ratio): Also known as the golden ratio, this level is derived from the Fibonacci sequence and is considered a key level of support or resistance.

6. 100% (Starting Point): This level represents a complete retracement of the initial move, essentially bringing the price back to the starting point.

Traders and analysts use Fibonacci retracement levels to identify potential areas where the price of an asset might reverse or consolidate. The idea is that these levels act as psychological and technical levels of interest for market participants.

The process of applying Fibonacci retracement involves identifying a significant price move (swing high to swing low or vice versa) and then plotting the retracement levels on the chart. Traders often use Fibonacci retracement in conjunction with other technical indicators to make more informed trading decisions.