Hello and welcome back. It is still the 21st of November 2023.

Bitcoin has made a dip back, and let's jump in to see where this stands according to the whale feeding zone.

Now, before we jump into that, I want to take a look at some news. We've been watching the crypto archives have just submitted an article to Digital Currency Traders, and it's his crypto pool experiment.

So, I'm going to open up this post, and I'm going to detail more about exactly what he's been doing, and one of our members I recommend you follow over on DigitalCurrencyTraders.

Whale Feeding Zone Analysis

Let's jump into whale feeding zone. So here, let's update the zones that we've got marked out here. We're outside the 1-hour third standard deviation on the 1-hour timeframe.

Let's see how we stand according to the 4-hour. It widened more, and so the 4-hour and the 1-hour are close together. The bottoms tightened up a little bit, the 12-hour staying pretty parallel, and that's good for bounces rather than trends down.

Indicators and Bitcoin's Potential Movement

Zones that I want to watch: we'll take a look at a couple of different indicators here, but the zones that I want to watch, we get into the daily Bollinger Bands. We can look down to the 33,000, as prices could come down to spike under those areas and then give us the reversal. We could look into the 3-day, where that kind of concludes or, you know, says the same thing where 31, 32,000, and if prices do come down to those levels and spike and make a one-two-three bottom, we'll be watching for that to set up.

Some of the things I look for to confirm whether or not this is a Bollinger Band and mean reversion sell signal is to look at the three touches of death up along the top here. First of all, I don't know if I have that marked out on a different chart. Let's continue on.

Relative Strength Index Bearish Divergence

So here's the Relative Strength Index where we can see there's a pretty clear divergence setting up there. That's a bearish divergence that's been building up for a while.

So now, if we do have the three touches of death, three times prices have come up and hit that level and didn't break it - and, as they are coming up to break the trend line, it's completing a one-two-three top formation.

Here, we can see that our 4-hour EMA will be crossing, and we'll go into partial hold status, which tells us to go partly back into cash from our Bitcoin.

Confirming The BBand Trading Signals

Continuing on, I want to zoom right into the close timeframe because this is where I'm looking to see the Bollinger Band’s mean reversion details.

Is that we get down to this super oversold RSI condition on the 5-minute timeframe.

We go outside this little one-two-three, and if there is a bounce up from here, this is the capitulation low pattern.

We just need that consolidation and the buildup from there. Then we'll have the retest and the confirmation afterward.

So there's a few stages to have this work as a trading signal here, and yet there's a lot of bearish force along there. So this may just be preparation, and it may not actually play out for any of these.

Future Predictions

Now, finally, I want to take a look at this indicator here, where I've got the three touches of death set up. Where I shorted this in July, as we made those three touches of death. We had the one-two-three bottom, and I switched around to a long position here as things were taking off. And now we have the three touches of death.

We've got the weak high, we've got the big red bear signal, which may or may not be valid.

The next thing we're looking at is the Smart Money Concepts levels, where we have support and resistance. So it may spike down considerably more deeply if we do get past that 33.

We may have a spike down below the support and resistance before things start to take off.

Altseason Co-pilot and Bitcoin Dominance

Now, having time for the altseason co-pilot. After all, this is, there's a lot going on where the alts have started to switch direction.

So I've got to go back and look at Bitcoin dominance here at the same time and make this a little bit more visible.

So that we can get some longer timeframes with Bitcoin dominance. Here we have the big uptrend with Bitcoin dominance, and if it breaks this one-two-three top formation, it's going to be significant.

So let's go back into Bollinger Bands and bring out Bitcoin dominance and take a look at this. If we go to the weekly timeframe, we have a Bollinger Band mean reversion sell signal, like that's the end of the uptrend right there for it to poke outside as an average of all of these coins. For it to poke outside the third standard deviation on the weekly timeframe and make a one-two-three top is huge. Really important for us to pay attention to.

Consolidation and Altcoin Status

At the same time, I don't know the future.

It is a consolidation that could continue up higher from here, which would mean that our altcoins were going to be exiting. They're going to go into partial hold status, and then they'll go into full exit.

We can see that in the altseason co-pilot chart.

I'll bring up the closer version and go back here so that we can see that our spreadsheet has been showing that all of those beautiful hold status coins have topped out.

They've broken the one-two-three tops according to this and are now below the 4-hour EMA. If they go below the 12-hour EMA, it's a full exit, and we'll see that the alert status coins stay low, the hold status coins continue lower, and the partial hold status coins continue lower yet.

So that will confirm that the bear is coming into the alts, and Bitcoin dominance would be rising. Let’s keep an eye on these alts!

The Crypto Pool Experiment

Finally, there's a lot to go over here. Hey, good, the crypto pool experiment part one by Crypto Archives just posted an hour ago.

This experiment involves 28 to 35 random cryptocurrencies, $35 of the own savings to buy all of the currencies used in this experiment.

So, I love it because when you're making money, it's not a matter of the dollars that you make. It's important to focus on the percentage gains that you have.

Focusing on Percentages

So that when you double your money this year, and you double your money next year, and you double your money the year after that, now it's starting to get serious because you're going to be moving big amounts of money.

So, you got to prepare for that ahead of time by focusing on the percentages that you're moving. It's just a logical half a percent of your total portfolio into each of these different coins, and there's no emotion into it, even when you're moving $20,000 into a coin because it's just one half of 1% of your total portfolio.

Focusing on the percentages is where I'm going to really get into what I'm doing. So, if there are just a couple of them that make the 10x, his whole portfolio is already covered in profit, and all he has to do is work at getting his stop losses just above his entries.

Those few that take off will more than pay for all of his investing.

He'll more than double his coins starting out from where he is now, in my opinion.

And that's exactly the experiment that I'm going to be doing with the sponsors' money as well.

I'm going to go into their exchange, and I'm going to follow our trading system. I'm going to follow what the altseason co-pilot says to do. I'll just do the daily action Matrix and see what it turns out to be. So, we can see very little bits of money at each thing, and I think it's fantastic.

The Faucet Guy Investing Example

I've got an example I'll bring up in tomorrow's live stream where I did, um, what was I calling it, the faucet guy investing? I was going to faucets back in the day, and I was taking those little bits of money and I was buying crypto with it.

I left a portfolio over on Crypto Compare. I left it there.

It's not an active portfolio, but it's just I manually set it up. And we can see what that portfolio would be worth today if we had done that with just those little bits of Satoshi that you could earn from the faucets back in the day. It's crazy. I'll bring that up tomorrow.

Looking Forward to More Articles

So, I'm super grateful for the Crypto Archives for posting his article with us, with DigitalCurrencyTraders.

Super powerful, and I'm looking forward to more articles being posted on DigitalCurrencyTraders. I'll do a quick brief of them at the beginning of our live stream, and any of them that are about making money more than just technical analysis, uh, opinions, I'll feature those at the end of the live stream every day.

I want to talk about ways to make money with cryptocurrencies. It can be crypto, it can be NFTs, it can be DeFi, it can be finance, it can be anything.

Exploring New Opportunities

And one that I'm looking into, and I wanted to find the referral program before I talked about it, but CoinLend.org DeFi.

I haven't done anything with it yet, but it's one that's on my tabs over there that I need to be checking out.

So, there will be a report on that in the videos to come in the future.

For now, let's see what's going on with Bitcoin dominance.

What's going on with Bitcoin?

We could get that deeper spike back. This may not be the bottom of this pullback yet. We haven't hit the bottom of the 4-hour, but one good thing is that the 4-hour is holding steady. It's not widening. If it starts to widen as we come down to these levels, and the third standard deviation keeps moving out ahead of price, let's see what happens.

Tune in tomorrow, and we'll cover it all again.

Moneymaking, oh yeah, I got to switch my scenes better.

Anyway, thanks for tuning in,

Trade safe, and keep those losses small.