#POLYGON $BTC LEADS... | TECHNICAL TARGETS | POLYGON PRICE PREDICTION | $MATIC TECHNICA

00:09:11
https://www.youtube.com/watch?v=hlfuIDSVNow

الملخص

TLDRThe video begins with a promotion for a $500 trading giveaway on Bybit for new users who sign up using the provided link and deposit $100. The focus then shifts to the cryptocurrency market, analyzing the performance of altcoins such as Polygon. The analyst notes that altcoins are highly correlated and have recently seen significant upward movements. Despite Polygon's past overperformance during the bear market, it is currently underperforming compared to other altcoins, which have recently doubled or tripled in value. The potential for further growth is discussed, alongside market strategies, patterns like the descending wedge, and chart analyses of various cryptocurrencies. The video concludes with promotional offers from platforms like Bybit, Bitrue, and Alpharex for trading enthusiasts.

الوجبات الجاهزة

  • 🎁 Exciting giveaway: $500 trading position on Bybit for new sign-ups.
  • 📉 Altcoins showing high correlation, moving similarly in the market.
  • 📈 Significant altcoin rally; some coins have doubled or tripled recently.
  • 🚀 Polygon's recent underperformance compared to peers.
  • 🔍 Analysis of market patterns like the descending wedge.
  • 📊 Altcoin market cap on the rise, excluding BTC and ETH.
  • 🔗 Market dominance shifts from Bitcoin to altcoins.
  • 💡 Potential for Polygon to rise to previous highs remains.
  • 📈 Insights into market structures and movements.
  • 💬 Promos from trading platforms: Bybit, Bitrue, Alpharex.

الجدول الزمني

  • 00:00:00 - 00:09:11

    In the introductory segment, the crypto YouTuber known as "Crypto Maximalist" announces a promotional giveaway in partnership with the trading platform Bit. Interested participants who use his referral link to sign up and deposit $100 within the next 70 days will be eligible for a $500 trading position. This offer can be leveraged in trading cryptocurrencies such as Dogecoin, aimed at potentially high returns like a 3X leverage that was personally used by the host. The emphasis here is to engage viewers with an incentive to subscribe, like the video, and participate in the trading promotion, leveraging the credibility of personal trading successes to encourage audience participation.

الخريطة الذهنية

فيديو أسئلة وأجوبة

  • What is the giveaway mentioned in the video?

    The giveaway is a $500 trading position on Bybit for those who sign up using the provided link and deposit $100 within 70 days.

  • What recent trends are seen in the altcoin market?

    Altcoins have been moving up significantly, with some having doubled or tripled in value recently.

  • How does Polygon's performance compare to other altcoins?

    Polygon has underperformed recently compared to other altcoins, despite its previous strong performance during the bear market.

  • What is the expectation for Polygon's future market movement?

    There is potential for Polygon to rise back towards its all-time highs, depending on market conditions.

  • How has the altcoin dominance changed recently?

    Altcoins have gained market share as Bitcoin dominance has decreased.

  • Why is the analyst optimistic about the altcoin market?

    The analyst believes in the continuation of upward trends observed in altcoins and the potential for further gains.

  • What is a descending wedge pattern in trading?

    A descending wedge is a continuation pattern that often precedes a price breakout upward.

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الترجمات
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التمرير التلقائي:
  • 00:00:00
    all right what is up boys and girls
  • 00:00:01
    welcome back to another video I am
  • 00:00:03
    crypto maximalist please drop a like And
  • 00:00:05
    subscribe to the channel before you
  • 00:00:07
    begin I have an amazing giveaway for
  • 00:00:08
    those who sign up to buy a bit down
  • 00:00:10
    below using my link I partner with them
  • 00:00:12
    to offer a free $500 trading position on
  • 00:00:14
    their platform to do with as you choose
  • 00:00:16
    if you sign up in the next 70 days using
  • 00:00:18
    my link Down Below in the description
  • 00:00:20
    and deposit $100 I personally used it to
  • 00:00:22
    take a 3X leverage long on Dogecoin and
  • 00:00:24
    if it hits $1 I'll make around 15K for
  • 00:00:27
    free definitely worth checking out below
  • 00:00:37
    so we're just taking a quick look at
  • 00:00:39
    polygon then on our daily time frame as
  • 00:00:41
    we can see shaping up exactly like all
  • 00:00:43
    of our other altcoins right now they're
  • 00:00:45
    all very highly correlated to each other
  • 00:00:47
    and looking very very similar on the
  • 00:00:48
    charts you can see we're kind of heading
  • 00:00:50
    down here in a little bit of a cooling
  • 00:00:51
    off descending wedge type formation as
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    we know descending wedges are a
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    continuation pattern so we could see
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    ourselves breaking out and getting a
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    swing a new swing high in this area
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    before a significant cooling off period
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    for
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    altcoins if we look at altcoin
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    dominance altcoin market
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    cap I wish I could spell I wish I could
  • 00:01:15
    spell if you look at a market cap
  • 00:01:17
    dominance here excluding Bitcoin and
  • 00:01:19
    ethereum you can see we're basically
  • 00:01:21
    very highly correlated to this altcoin
  • 00:01:23
    movement when you take Bitcoin and
  • 00:01:24
    ethereum out of the equation you can see
  • 00:01:26
    pretty much what we've been looking at
  • 00:01:28
    here is altcoins having a very very nice
  • 00:01:30
    move to the upside recently all of our
  • 00:01:32
    large caps and some small caps like
  • 00:01:33
    veracity that we cover on the channel
  • 00:01:35
    have all been moving up against Bitcoin
  • 00:01:38
    when you take Bitcoin and ethereum out
  • 00:01:40
    of this you basically make yourself a
  • 00:01:41
    Bitcoin dominance chart you can see
  • 00:01:44
    Bitcoin has essentially been falling
  • 00:01:46
    against all of our altcoins here which
  • 00:01:48
    have been gaining a lot of market cap
  • 00:01:50
    recently we've actually ran from around
  • 00:01:52
    600 billion to up over 1 trillion in the
  • 00:01:55
    past month or so as people have been
  • 00:01:57
    piling into altcoins and we have seen
  • 00:01:59
    that all across of charts haven't we all
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    of our large caps cardano xrp polygon
  • 00:02:05
    here Avalanche Phantom there's loads of
  • 00:02:08
    ones I can think of off the top of my
  • 00:02:09
    head chain link they've all been moving
  • 00:02:11
    up very very similarly similarly on the
  • 00:02:13
    charts basically all moving like one pet
  • 00:02:16
    one altcoin to be honest very very very
  • 00:02:18
    highly correlated charts moving all very
  • 00:02:20
    similarly and you can see on this chart
  • 00:02:22
    we're no exception here that lovely
  • 00:02:24
    lovely bounce off of the lows we came
  • 00:02:26
    down to those bare Market lows down here
  • 00:02:28
    swept the liquidity below and then
  • 00:02:29
    obviously had that really nice run up
  • 00:02:31
    back inside of the bare Market range as
  • 00:02:34
    I said in my previous videos a month or
  • 00:02:36
    so ago I did take a long position once
  • 00:02:38
    we did sweep below those lows cuz I
  • 00:02:40
    thought we would reverse after grabbing
  • 00:02:42
    that liquidity and you can see we did we
  • 00:02:44
    came down into a little bit of draw down
  • 00:02:46
    and then got a really really strong
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    reversal off of the lows as we can quite
  • 00:02:50
    clearly see here on the charts lovely
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    bounce back up inside that local range
  • 00:02:55
    tested resistance and support and then
  • 00:02:57
    broke out and continued to the upside we
  • 00:02:59
    got our one 1 2 3 4 five waves in this
  • 00:03:01
    little move here as you can see and now
  • 00:03:04
    very much looking like we are basically
  • 00:03:05
    having a cooling off period for our
  • 00:03:07
    altcoins as you would expect after such
  • 00:03:09
    a big move that we have seen for them in
  • 00:03:11
    general pretty much all the altcoins in
  • 00:03:13
    the market have been moving up in a big
  • 00:03:15
    big way together and sooner or later you
  • 00:03:18
    are going to have a decent bit of rest
  • 00:03:20
    in the markets especially considering
  • 00:03:22
    that polygons ran up here I would say
  • 00:03:25
    well over 2x almost 3x from the lows of
  • 00:03:28
    around what we're looking at 28 29 cents
  • 00:03:31
    up to a swing High here of 76 Cent so
  • 00:03:33
    obviously a very nice move in the market
  • 00:03:35
    it's not quite as much as other altcoins
  • 00:03:37
    but clearly deviating back inside this
  • 00:03:39
    huge bare Market range here that you can
  • 00:03:41
    see and looking like it's gearing up in
  • 00:03:44
    my opinion for probably a little bit of
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    a re a little bit of a retrace
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    consolidate a bit more of a move and we
  • 00:03:49
    do need to see polygon getting back up
  • 00:03:51
    towards this $120 area that it's failed
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    to break the 618 cuz
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    obviously right now we are basically
  • 00:03:57
    Waiting For polygon to you know it's
  • 00:03:59
    performing a lot of other altcoins which
  • 00:04:01
    are looking like they have much nicer
  • 00:04:02
    charts than polygon probably because of
  • 00:04:04
    polygon overperforming in this bare
  • 00:04:06
    market area and now underperforming in
  • 00:04:09
    this now we've entered this new bullish
  • 00:04:10
    period a good example of this would be
  • 00:04:12
    if you compare it to cardano you could
  • 00:04:15
    see cardano here looking exceptionally
  • 00:04:18
    bullish and a textbook bull market chart
  • 00:04:20
    pattern to be honest you can see it came
  • 00:04:22
    down after a very significant retrace
  • 00:04:24
    from $310 the alltime high getting down
  • 00:04:27
    to 24 C putting in a range and then the
  • 00:04:30
    simple break retest into structure and
  • 00:04:32
    then breaking to the upside here making
  • 00:04:35
    higher highs and higher lows and looking
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    very bullish for continuation for that
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    final move in the ball Market but you
  • 00:04:41
    can see here that polygon really
  • 00:04:44
    overperformed in the bare market and is
  • 00:04:46
    now underperforming here hasn't even
  • 00:04:48
    made a new swing high up towards alltime
  • 00:04:50
    high so something to be aware of when
  • 00:04:52
    thinking about what polygon's going to
  • 00:04:53
    do next but still overall correlated to
  • 00:04:56
    The Wider altcoin Market I do think it's
  • 00:04:59
    got more potential to get back up
  • 00:05:00
    towards its alltime he in this cycle but
  • 00:05:02
    we just need to wait and see what it'll
  • 00:05:03
    do next make sure to sign up to buy bit
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    for a huge 30k bonus down below massive
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    prizes at the minute for depositing $100
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    bit true are also offering 50 usdt for
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    depositing or if you're looking for a
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    non kyc self- custody exchange for
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    trading alpharex Down Below in the
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    description as well and like And
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    subscribe for more thanks for watching
  • 00:05:32
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الوسوم
  • cryptocurrency
  • Polygon
  • altcoins
  • market analysis
  • trading
  • Bybit
  • giveaway
  • Bitcoin dominance
  • market trends
  • technical analysis