Is going on snipers my email oh, baby here, I hope all of you guys are having a wonderful day today
Let's just dive right into our daily cryptocurrency
Analytics for today and take a look at some coins that the community has been talking about over the past couple of days including Virg
Tron Bitcoin etherion classic and litecoin, let's just dive right into it so
If you guys are new here - snipers - we are going to be using several different indicators here
We are utilizing our trading view chart the link is in the description for trading view
and if you go to insert indicator
And you can go to technical analysis or search for these we're going to be using the volume which is down here
We're going to be using the three moving averages the RSI and the moving average exponential which also is called the EMA
the RSI is actually going to be here in the bottom and purple volume down here these three lines indicate the 50-day the 108 and
the 200-day moving average here looking at xvg super
Predictable pattern all of you guys should have had the ability to predict this you can see was a clear
Pennant that was forming here over the past couple of days
indicating that priced movements were
Potentially going to break out of this pennant
and if you guys don't know how to pennant look so we have this resource some of you guys are already on you by the
Way let me mention something if you go into our
Discord this is a free and open resource available to all of you guys and just hop into one of these voice channels
My gosh. There's always something good. You know to get from these voice channels just watch this
There's a lot of people that don't fully trust in Virg right now, and they don't fully trust yeah, I know
Psychology with Virg I think outside of charts two dollars than me losing fucking $100
there too much profanity
Unfortunately, but um you know you can't control everything right that's actually in our rules here. No profanity
But what are you gonna do when they're on the voice channel?
It's not necessarily easy to track, but that's not the point the point here guys. That's my issue
I have to deal with the disciplinary actions here, but the point for you guys. Is there's valuable knowledge to be
Taken from our discord guys, not just our trading 101 where you guys can look at the charts here
But also within the community, so I highly implore you guys to check that out now something. That's also pretty cool
If you guys look at the total market cap here for Virg
We're heading into the top 20 now Virg coming to the top 20 is huge
I think the raped protocol was also successfully implemented finally, and that's another reason that we're seeing these price
Increases in Virg you can see total market cap is at 3 billion some of you guys are like well
How do I you know predict this when I am not necessarily the best chart drawer or anything like that?
And a lot of you guys ask me questions like is there a way for you to post your trade alerts
And we do have an option for that it's on our patreon the link is in the description for this as well
We actually posted the verge breakout yesterday you guys can actually see this here. We posted it at 1:29 a.m.
And I had put my position in there of course
I'm at a huge game now
And I'm gonna be taking
Profits as I have already planned to take profits as any good trader knows to plan out their trades. You can see you're on our
Patreon we did predict this so this actually also has a mobile app
So I highly encourage you guys to download the mobile app a lot of you guys have asked me about
Where do I get the notifications is it just my email?
But there's also an app that you can actually download and then set up your notifications
and get this
Instantly as soon as I put it out and then you can actually read exactly why I think it's gonna break out so that's in
The description if you guys are open to that, but I do want to continue the technical analysis
Talk a little bit more about the overall market and the condition that we're in right now especially with Bitcoin being that we're flocking back
And forth right now within this channel. I do want to mentioned something as well yesterday
There was an opportunity that a lot of us may or may have had not been aware of but corn market cap actually didn't announce
That they were going to take away all of the
total circulating supply
From the Korean exchanges and stop implementing their averages into the price average
That is shown on the front page of coin market cap so what I mean by that is
Yesterday we were watching ripple on the live stream
and it literally went from one hundred and twenty two billion dollar market cap to like 90 billion within a
Second and this price went from three dollars and 20-something cents down to like two dollars and ninety cents out of nowhere
And some people freaked out because they just didn't know what was going on but in reality all that happened was
Coin market cap started putting these asterisks here for the Korean exchanges and they stopped
Averaging it within the price average
That is shown to the public
And that right there guys is a form of a slight advantage
that you have as a trader for being knowledgeable in the market you guys were all on the livestream or if you guys were a
night owl last night
Or if you guys were in the discord you would have known that and that's huge because guess what if you guys are on
Discord are on patreon once again
I set out that podcast to our trade alert gold members that hey
I am going to start buying into a lot of positions right now as the prices start to decline in
Anticipation of the price increases that we're gonna see as this market cap starts heading towards one trillion
So I hope you guys are aware of that. You know Bitcoin once again
Looking at the technicals here
257 billion dollar market cap yeah
It's you know
It's still within this channel what I'm looking at right now is the fact that we've put ourselves back into this original
Channel what that means is we do have the potential to
maybe see these prices head back to the 50-day where it was previously now if you look at the 50-day instead of being at
12,500 our 50-day moving average sorry about that. Let me remove this our 50-day moving average is not at
12,500 anymore however it is currently at
13,000 600 so about $1,000 increase so if we can get down to those price levels
I am planning to put in some more buy orders and getting a larger position with Bitcoin right over here
Maybe even taking my verge profits, and if you guys are patrons
You know I also sold some aetherium today
Being that I saw the double top form and it was already at peak prices, so
Long story short guys a lot of things are happening in the market
You need to be able to play this right you need to be able to set yourself up to win
don't don't be in the
In the latter part of the news be at the forefront
Be part of a community that can get you the news first so that you can make a decision faster than anyone
That's the ones who win in the market
That's how it was in traditional markets when I used to trade traditional markets who got the news first like when I was trading go
Pro, okay who knew they were gonna start
selling drones well the people who were
Closest to the community within go pro knew that first they were able to make theirs those trades
And then it shot up to 90 now. It's like way lower
That was probably a bad long term hold for me, right
They gotta got out of that one
But let's not talk about traditional stocks or go pro because it's all about crypto currency
And this is where things are headed so that's total market capitalization right now with Bitcoin once again
I think over the next couple of weeks
we're gonna start seeing the altcoin market starting to increase towards bitcoins dominance, maybe even heading towards a
Bitcoin dominance of
25% if it does get to that level do I think it's going to maintain that level not necessarily
I think over time Bitcoin has always proven itself if you look at this chart here
You can see the percent of total market capitalization and the dominance you can see all coins at our all-time high right now
They're taking these huge leaps of dominance Bitcoin is dropping and dominance but over time
I think Bitcoin will re stabilize itself as it's seen this in the past
It's seen this before and Bitcoin is the king right so it's going to be interesting to watch this as time progresses
Let's shoot to the Tron
Technical here very similar to Virg however I do want to mention something so there is a hand and shoulder here. That is a
Sign of a reversal so you got left shoulder right shoulder in the head
And then you bring this down here you see this technical it forms a pennant now the pennant though right here is
Not necessarily the best pennant in my opinion ISM so the pen at you can actually drop from here as well
And actually come from around this angle and draw this out
But it's a very minor pin and what I mean by that is I'm gonna clear these drawing tools
And show you guys the difference between a pennant and a channel because some of you may get this confused
But you can see support levels here are consistent right around the 900 satoshi level
versus when we look at verges chart 1 verge broke out and
How a pennant is supposed to look you see the support levels increase over time so at one point
It was at 772 Satoshi's, and then it went to
877 Santosh YZ and then it went to a thousand 42 Satoshi's
So that's how a pennant is formed. It's not necessarily formed in this manner. However. This is obviously a channel
That's forming
So you can always train upon trade upon this channel what I like about this channel is the fact that if you draw this out
Any way you draw it out?
It's a good time to buy because support levels are pretty much right here around 900 Satoshi
So I actually did put a trade in here if you guys are patriots once again
You guys know I traded at what was it 915 satoshis
I setup my stop-loss from beneath that
Because this is strong support when you find strong support levels like this it can give you confidence in your trade, so
Expecting tron to either most likely in my opinion what I could see Tron doing here
I'll show you exactly what I would predict here with Tron being the fact that it's on the support level
It's either gonna continue to build this channel
Maybe even lose a little bit of volatility it could easily break out of this channel
Start hitting some new highs and then some lower lows
Possibly after these highs being that the market in total has been declining
But that is gonna you know obviously take some time to occur if you guys look here if it does break down
Below the support. I have my stop-loss is set up. I'm not gonna be losing too much
It's a safe swing trade for me and once again if this drops down
I think we'll see it go all the way back down to around 500 Satoshi's
So hopefully that doesn't happen we can continue to see tron making its price for movements upwards to the moon
okay, so
Looking at trance total market cap nine billion dollars ranked number 10
Tron TRX as you can see 14 cents we're seeing this exact same chart form right around this angle as well and
What I would say right now with the volume this high anything could happen for Tron looking at litecoin
Let's go ahead and transition into the coin that has
Never disappointed right like Quinn has always done well for most people what I love about
This is the fact that we have these clear support levels here around looks to be 1 million
1.4. Million Satoshi's
And then we have some resistance right around the 1.8 million Satoshi level now
Trading light coin at this time obviously it hasn't gotten much press
So if you look at the fundamental aspect of it charlie Lee recently sold all of his coins
I think that kind of has already faded away within the market. I think right now
We're really focused in on what's gonna happen within this price zone
You can see there is a clear pennant forming here as well
that could potentially lead to another breakout for litecoin definitely in the short term if I was a
Day trader I would be pulling up this real live chart here. Maybe even trading. This as a day trade
Yeah, that would be an easy day trade you can see much volatility clear support levels
I mean you can set up your buys here
So that Bureau sells there and make some quick profit like that with a coin that this is this volatile within this channel
So that's that's the benefit of having these channels guys
And once again looking at light coin being the fact that we saw this huge run-up
We saw a lot of consolidation over time. This is more of the zoomed out chart. You can see there's clear support forming
We've now touched the 50-day moving average. I think because we touch this 50-day moving average
I think it's been able to catch up to its prices and now we're gonna start seeing this price starting to
Create more volatility now that the 50-day has caught up with the prices so
maybe optimistic about
litecoin over the next couple of days
so we'll continue to watch that and I'll look at you guys on the live streams on the discord and on the patreon so
Like coins total market cap 14 billion rank number 7 once again
Catching itself trying to get back into the top 5 and we're gonna
Conclude this video with aetherium classic one of my favorite charts for today being the fact that there's so much volatility
Here's so many opportunities to be had and if you look here
Prices have pretty much stayed
Between these price levels we saw some strong resistance right around
300 well it was
36,000 satoshis
And then we saw some support right around
13,000 Satoshi's at some clear support now looking at the current channel because most of that is irrelevant at this point
You can see here. There's new support level here is pretty much forming right around
18,000 stato cheese, and we are seeing some resistance right around 25,000 Satoshi's
Currently with this extreme volatility, I would say to just continue to watch this
Even the EMA as you can see has been going up and down
The 50 days been just popping back and forth as well
If there iam classic is really in a position where there there's a lot of volatility
But there's a lot of sell-off as well as a lot of buy
And I think as this continues to grow you can see the sell orders have been a lot larger than the buy orders
Eventually once all the cells are gone. There's gonna be
Influx of buy orders and that could certainly see this price shooting up and in my opinion
It's still fairly low as you can see the all-time bottom here for the past couple of months seems to be right around
13,000 Satoshi their current support is that?
18,000 Satoshi so not much away from these lower lows, but this is still low compared to the channel
That's currently forming, so I'm gonna continue to watch aetherium classic
I think the volatility is cool as a swing trader as soon as it hits the support
I can put in my buy order and then expect it to go up
And as you guys know the way we trade here on snipers tube
Hopefully you guys stay tuned to these live streams because there's so much knowledge so much wealth
To be had utilizing that information, and then you see here rank number 2013 classic coming into the top 20
It's been in the top 20 for quite a while
But now it's really finding its way back in there at a three billion dollar market cap so hopefully you guys enjoyed this video
thank you all so much for watching once again the
Discord and the patreon link is in the description below for those of you that want the additional knowledge and wealth to
Attribute to your trades to enhance your success and create prosperity and profits for all of you guys
Thank you so much for watching this video. My name is name and snipers out
