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.

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

00:09:11

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

Résumé

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.

A retenir

🎁 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.

Chronologie

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.

Carte mentale

Vidéo Q&R

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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Sous-titres

Défilement automatique:

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
00:00:54
we know descending wedges are a
00:00:57
continuation pattern so we could see
00:00:58
ourselves breaking out and getting a
00:01:00
swing a new swing high in this area
00:01:02
before a significant cooling off period
00:01:04
for
00:01:05
altcoins if we look at altcoin
00:01:09
dominance altcoin market
00:01:12
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
00:02:01
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
00:02:47
reversal off of the lows as we can quite
00:02:50
clearly see here on the charts lovely
00:02:52
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
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up to a swing High here of 76 Cent so
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obviously a very nice move in the market
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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
00:03:45
a re a little bit of a retrace
00:03:47
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
00:03:53
to break the 618 cuz
00:03:55
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
00:04:37
very bullish for continuation for that
00:04:39
final move in the ball Market but you
00:04:41
can see here that polygon really
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overperformed in the bare market and is
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now underperforming here hasn't even
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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
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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
00:05:06
for a huge 30k bonus down below massive
00:05:08
prizes at the minute for depositing $100
00:05:11
bit true are also offering 50 usdt for
00:05:13
depositing or if you're looking for a
00:05:14
non kyc self- custody exchange for
00:05:17
trading alpharex Down Below in the
00:05:18
description as well and like And
00:05:20
subscribe for more thanks for watching
00:05:32
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