 I know guys I know today the market is red and filled with the blood of the weakended Bitcoin is down today back to the 30k ranges and it's pulling the entire market with it as you guys can see here so today we're gonna go ahead and look over some of the outcoins that are currently at a discount today to see where they can possibly be going next with a price analysis on the top five outcoins that you guys the viewers requested stay tuned let's jump in hey what's up j here and welcome to bitcoin daily bringing you guys the best tips tutorials and ideas to help you guys become profitable and successful traders if you're new here the goal of this channel is to empower you guys with the resources and the knowledge to take you up to that next level so guys make sure to subscribe like share and turn on that notification bell so that when we put out these type of trade setups for you guys and price analysis you guys are right there ready to go so the first thing that we're looking over really quick we're not gonna spend too much time on it but it's on bitcoin this is an outcoin video so I don't want to spend too much time on bitcoin but currently what we're looking at as you guys can see we're back on this 61.8% Fibonacci zone which is also the golden ratio and as you guys can see it has bounced here plenty of times right look at all this guys it has we've got a lot of lot of bounces here in this same exact area so other than that we're still in this channel that we spoke about on Monday we're still just trading within this channel we were at the top here I believe on Monday when we spoke about it and now we're heading towards the bottom of the channel so the bottom of this channel is going to be at this next Fibonacci level right here which is right around that 27,000 area so if we continue down in this channel the way it's currently going that is the possibility of where it can go you know we can expect like I told you guys we're setting up lower lows lower highs so that's currently what's been going on here as you guys can see so the next lower low would be down here right however we are in a very strong support and you can look here this is basically a triple bottom right here which is a bullish sign but we do need to break out of this current range we need to bounce up and break up above this we need to break up above 35k and then up above 35k might take us right back to 40k and possibly possibly new all-time highs all right so let's go ahead and now take a look at Ethereum as you guys can see here we posted a new all-time high a couple days ago a few days ago and since then we've been going downwards now the reason we've been going down is not because of Ethereum itself but it's because Bitcoin is pulling the entire market down with it but as you guys can see here and as we spoke about on Monday's video we told you that that we expect Ethereum to be stronger and we expect to post a higher low as you guys can see here we had the low then we had a higher low and this is another higher low so that's what we expected we spoke about it on Monday we didn't expect drop to below 30k to take it down here like last time but we expect it to hold around that 1200 range and look at that guys look at that look at that call exactly to 1200 right before we got that bounce bounce back up to 1313 and now Bitcoin's pushing it down again so you know the entries that we're probably looking at would be around that 1200 range if we see a bounce if we're not seeing a bounce and we're not taking we're not looking to take that right but yeah that's pretty much it right here I'm still very bullish on Ethereum I believe we will make new highs as soon as Bitcoin stops playing around and stops pulling the entire market down with it it's going to take a little bit but I'm bullish on Ethereum I expect new all-time highs very soon and as long as we're we're holding this 1200 zone I'm very happy and very bullish on it I'm happy to take entries there at that 1200 range next let's go ahead and take a look at polka that it's been requested by everybody so many times right all right so I'm polka that this looks familiar doesn't it this is a daily chart look at this move right here last time guys so we had that pattern right and what happened there boom we took off and I believe that we made a video on this exact pattern and our trade set up was that breakout trade so hopefully you guys took that trade that was about two weeks ago or so something like that today guess what guys boom boom boom right so we have basically the same pattern that happened here is happening again so what does that mean that means a breakout guys eventually this is a bull flag right so we can expect a breakout to the upside you know sometime soon um right now obviously bitcoin is pulling down the entire market but when it stops doing that stops when it stops being a little girl about it you know we should see some good days ahead right all right so we had we had the same uh bull flag pattern down here and then we finally broke up and then now consolidation here and we can expect the same thing right kind of the same the same type of pattern here it's gonna be another bull flag it's ranging between the that all time high and the low of it is probably right around here where it's currently at around that $15 range the high is just under $20 right so where do you buy here so I would say you buy at the bottom of the range right where it's currently at so that's that $15 mark that's kind of the bottom of the range or you would be buying you'd be looking to buy a breakout probably above $20 so that that's the two areas that I'm looking at right either the bottom of the range currently at at it now so that when it bounces back up you're in it right so I'm looking to buy here currently where it's at $15 mark that's that's where I'm looking to buy uh you could have stop losses below these lows within this range so the low the lows are these candles here and this candle here right because below that if we were to drop below this is that it's a possibility to drop back down to this $10 range right so you don't want to be in that drop so I would buy here at the $15 mark and I'd be writing this up to the top up here and then be looking to take profits around there and then taking a breakout trade above $20 that's what I'm looking at in polka dot guys if you're enjoying this video so far make sure to subscribe hit that like button and turn on the notification bell so that you guys are notified as soon as we post these videos so that you're not missing out on these profits especially during discount days like this right next we're covering price analysis on ADA Cardano chain link and of course XRP let's dive right in guys all right let's take a look at Cardano ADA as you guys can see here right this is last time this from last time's analysis when we looked at this we told you guys it was a bull flag and the breakout was up here so we're looking to take a breakout an entry above you know on this breakout and boom it broke out just as we said broke out all the way from the 30s to about the 40s right it's about a 10 cent breakout and then now it's been just kind of chopping around a little bit consolidating back it's it's gone back to like the top of this range where the breakout first occurred so it's right around this 30 cent range right and it kind of looks like another small little mini bull flag it's not as as big as wide as this one but it's still you know somewhat of a bull flag the only time that it went under this range was when bitcoin pulled it down so i'm expecting basically the same thing i'd be fine buying here at the 30 cent range and selling towards the top of this right you want to be taking profits probably close to this 35 cent range because that's kind of going to kind of be the top of this and then you'd be looking for a breakout by probably above 38 cents but you have to be ready for a resistance up at 40 cents so maybe another taking profits there and then buying again above 40 cents that is what i'd be looking at in cardinal chain link right now as you guys can see we broke out and posted some new highs so as you guys can see here on the daily i believe we spoke about this bull flag here we had the breakout another bull flag right boom another breakout and then the breakout got stopped kind of short due to bitcoin pulling the market down let's zoom into the four hour so we're currently testing the top of the what was previously a resistance which was where we broke out and it's currently a support now so we're currently retesting that little zone there i'm expecting to see basically i'm expecting to see a test here if bitcoin decides to bounce we should see a bounce back to these highs and possibly a new all-time high so the entry right now would probably be that 20 range right all right i had to fix the Fibonacci retracement levels here but as you guys can see here we're basically right at this 38.2 percent level where we've seen a bounce here and then we're so we're currently trying to break above this next Fib level which will take us definitely to the previous highs right so currently here at that $20 mark is a good spot to enter having to stop probably below i would have it right below 20 that first place to take profits probably going to be around that 22 mark and then i'd be looking at 25 and beyond for that next entry right so you could take entries either here at $20 or you could wait for the break of this area right here which you've seen there's a lot of volatility there's a lot of price action there and it's also the Fibonacci level so that's that's the breakout trade that i'd be looking for is right above $22 the support entry i'm looking at is here at $20 mark all right guys so let's take a look at xrp the last coin that we're going to look at we've been getting so many questions about this obviously right now they're dealing with a lawsuit they've been delisted or suspended from a lot of different exchanges especially exchanges in the us but um they've also been delisted and or suspended in other exchanges outside of the us which is what's led to this because there's a lot of fud right there's a lot of fear uncertainty and doubt for those of you that don't know what fud it means so currently what we're seeing here is basically a falling wedge right so if you look here you can see that we've just kind of been you know in this falling wedge nobody really knows what's going to happen so it's just kind of been trending in this within this falling wedge now the falling wedge is actually a bullish pattern okay it is a bullish pattern as you guys can see here on the screen a falling wedge usually ends up breaking out to the upside now do i think that's what's going to happen it's a scenario it's a possibility and it's what this pattern usually leads to right especially when we're in a bull market so currently we're in a bull market as you can see we're basically in the oversold territory on the four hour so look at the daily dailies we're at the bottom of the rsi and on the weekly we're right in the middle so it's poised to to run right now what has to lead to this breakout is more the question and that might that's the thing is it might not get solved until we get a little bit more clarity on what's going on with this case and what's going to happen right so what i think is going to happen i i did a xrp versus sec video on this topic right and i said that what my opinion was is that the sec i don't think much is going to be done and i don't think they're gonna have enough facts and evidence to prove to really prove anything where they can really take any huge action against xrp so i i think they're gonna end up in a settlement right i don't think they'll be able to prove that xrp is a security or anything like that so it'll end up in some sort of settlement where they might have to or xrp might have to burn tokens right so they might have to burn a percentage of their tokens that they're holding because they have remember they have the majority of the share of xrp tokens are being held by ripple itself so if the results come in in some sort of settlement where xrp has to burn a majority of the tokens they're holding then what's gonna happen is scarcity right so what happens when something is scarce the value goes up so that's the scenario where i see where xrp could rocket beyond i would say beyond previous all-time highs where it could just take off and break that one dollar and just keep going but we don't know when that's gonna happen so it's kind of hard to tell if you're you're you know putting some money into xrp you could just kind of you're gonna have to dollar cost average here because we don't know how low it might go before it you know something happens we get a little bit more clarity on it and it takes off right so that's kind of my breakdown right now on xrp that's what the charts are showing right now all we can do is wait and see that is pretty much it guys thank you guys for sticking around to the end of the video for those of you who did make sure to share this video with your friends and family as we continue to put out this knowledge for mass cryptocurrency adoption guys crypto is the future make sure to spread it and put it out there thank you guys again i will see you guys on tomorrow's video as always peace and love