ALTS Will be SO BULLISH if this HAPPENS!

Alright we're live! Boys welcome back to Alpha Drop my name is Ron. My name is Martin. And today we're gonna be looking at altcoins because they're gonna be so bullish for the rest of this year if BTC does this. We got the drawing board here because this will be a good reference for you to remember when next time we come upon this situation in a bull market because we are in a bull market. Okay hope your bags are up. Happy Monday. Happy Monday. Let's go. We'll go back to this one okay but first let's see what we're talking about. Alright let's look at this chart first okay so previously our high time frame range was this white right here with our range low being at 78,000 mid-range at 87,000 range high at 95,000 and I previously said that a potential retest at the mid-range is quite likely but because we have this week okay we're looking at the one week time frame we've closed very strongly above range high and no significant wick this is a big body alright this is a 2 liter coke bottle so the retest towards the mid-range is invalidated as of now alright and that means this white range is not in place so I'll just delete this so what range are we looking at now we're looking at the monthly range okay so with our range low at 93,000 and our range high at 102,000 dollars we're taking this candle in January the monthly January candle because things were very bullish at that time and the market was not being illogical illogical the market was making sense okay so we've come back to that range and we're looking as strong as ever so look now comes the board okay so the past 45 days has been hell for us right right but the fact that it took less than a week for price to come back from hell all the way to earth is really really good not yet in heaven okay so look this is what happened in January right you had a bunch of candles oh they can actually see it oh no no okay let's just do it like this okay so very very good right we have a bunch of January February candles really really good this is around the above 90,000 range okay anything above here is 90,000 range then in March and April we went down like this right we basically did a u-turn until finally we've come back to this level okay looking really really good so the past 45 days if you mark it out with a line what is this called it can be it's a deviation deviation in it right swing failure pattern so past 45 days you've been living in hell if you've been trading live and if you've been holding your alts especially that this was really hard but now we've come back to this level now I know what you're thinking you fear that oh what if this is like the last time for us to sell off before we see another dump right because instinctively you might think we're hella overextended right now BTC at 103k ETH back to 2500 what if we just come here for a while and then come down here well it all depends on what's going to happen on this month's close okay this month is May we have 20 days to go for a monthly close if we have a close above 93,000 is still extremely bullish even more bullish if we get a close above a hundred thousand dollars and from June to September and maybe even onwards all the way to New Year's oh wow it's actually already halfway 2025 yeah it's gonna be super super bullish why come back to this line this ladies and gentlemen is the line is the line to defend okay if we don't if we defend here we go up we will need a second board here to try even higher so this line represents 93,000 yes this line represents a very least 93,000 okay this is April and May have been hell for all of us but now we're back to earth can we see heaven we need to defend earth at 93,000 roll in the Avengers music TLDR if we sustain 93,000 we don't go any lower than that we're in good shape yes we're gonna see alt season we're gonna have our bags go parabolic we're gonna get rich we're gonna be so rich actually as long as we're above here I'm break even our average around here but still looking really good okay we're still in an uptrend we're not even close for the profit taking part of the Bitcoin having cycle to be over right a beta bot Anita Cho was the one who told us about the the the profit taking cycle of the Bitcoin having the indicator here in trading so that's also actually very useful definitely need to have a dedicated video on profit taking mmm for sure for sure okay so as of now these are our ranges to play with past 45 days it's right here had been hell okay we're back here defend 93,000 and we are good man I'm so excited for this month oh like if we get a close-up of 93,000 things are gonna be definitely looking good for the rest of the year that's for sure we're no in no way over extended you just think of this as being a large swing failure pattern or a large deviation okay from then on resume bull run this exactly happened to last year right in August the Japan carry trade plus the Israeli war going on in August the market dipped to as low as 49,000 people were very scared and then you see the following month you reclaim whatever happened during the consolidation period after the breakout right here last year was exactly here this year right here last year I'm sorry here last year was exactly here this year so if we have a green close above ninety two thousand so good mm-hmm so good all right okay now in terms of ETH how we doing on ETH ETH as well looking really really strong you can see looking at the monthly this is a classic OB if we have monthly close green above 2155 then this white range that we have is not in play it's invalidated we move on to the previous range that we played with 4000 being our resistance all right and three two thousand nine hundred being our mid range and 2155 being our range low okay looking really really good all right so that's all Solana oh yeah what about Solana okay Solana we have to check Solana now so long it's at 174 dollars now yes what what 1,000 7,100 oh 174 yes Solana as well I want to draw a reference to what trader SZ thinks about Solana he could he thinks that it might go up to $500 this cycle I really want to see that happen okay I think it'll go six seven hundred oh did you say 500 was fun oh yeah yeah yeah reasonable run right yeah so let's see where that is it was 17 hours ago if I remember correctly damn trader SZ posts a lot trader SZ sold trader SZ sold here we go so he's doing the 200 price 200 percent price extension basically just drawing the Fibonacci of multiply or yeah of taking the same range of what we have multiply that by two put it at the top so he he done that twice with potential new all-time high being at 389 and at 516 so you can see here as well look remember what we drew in the board right Martin pull it bring the board again bring the board again so that you remember this you remember this all right the first few months we had consolidation then we had a manipulation sell-off so this entire 45 days was hell right this was this is the deviation we've come back up here defend that line and we're good to go all right bring the board out thank you sir same see look at that right previously we had a new all-time high for our soul at around $300 then a huge sell-off all the way down to as low as $91 $92 and look how fast we've come back up to $175 right so that area was hell and see put that the $259 could be a magnet for soul so here around these regions would be a magnet for soul because we've defended this area successfully and then from there on we'll have the discussion of new all-time highs for soul that's gonna be sexy AF okay so very very happy to see how the market is performing it's really all about manipulation for the past two months what's been going on with the market so much noise right but as eventually the noise dies down the market becomes numb and then we'll come back to normal times so the market is behaving normally now all right looking very very happy okay so I hope that whatever we drew on the board has helped you this is a good reference to learn especially in the next cycle we'll have when we have a bull market when things are kicking off just because it starts taking off doesn't mean you know it's overextended because we are in an uptrend so whatever huge sell-offs that happen in during the uptrend can be a deviation can be a swing failure because of the manipulation phase but as long as we come back to our original consolidated level then looking good and it's even more bullish if we have monthly close above ninety three thousand dollars okay all right all right let's answer some questions we really miss you guys how's it going what's up what's up hello hello betabot hey aaron happy birthday god bless you oh I didn't know it was my birthday but thank you thank you so much crypto lover JD yo Israel tobex is good day boss where are you guys from ah we're here we're based here in Hong Kong yeah it's still birthday it's your man since I'm a big coin I would love that bear winner says guys I take a month off come back and run becomes a model and get some boys board yep we just uh yeah I know I just thought hey this is actually a good um good model to oh no pun intended a good model to sear into your brain whenever we're in a bull market okay uh betabot says I have 7.1 x with much work to do damn dude 7.1 x already that's actually you're like way ahead of the curve yeah that's all right that's crazy crazy um hey no problem dude thank you so much yeah for giving me credit credit is just like candy to my ears yeah man really it was uh I've never thought of that too I didn't realize that in the halving cycle there's 80 weeks inside that is the profit taking part right we're still midway towards that but yeah man we're waiting for you to come to Hong Kong come visit yeah there's a room like I said right there right with a massage chair oh yeah yeah bro just need to take your shoes off all right man you guys been lovely uh keep an eye on the charts keep farming airdrops we'll do an airdrop stream later on I know you guys miss airdrop content so we're back to farming airdrops sorry we've been very busy with the with AI automation learning how to code for the past two months it's been insane but look looking good now we've got the foundational things out of the way now it's just a lot of looking looking looking okay all right back to scanning some airdrops scanning some airdrops all right smash up the like button subscribe to the channel my name is Ron Mortage