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elcome to another crypto market outlook for the 28th of February!

In today's market analysis, we will delve into the current state of the cryptocurrency market. BTC surged by 26% in the past four days, while USDT.D is approaching a crucial support level at 4%.

Furthermore, we will cover five altcoins (LINK, XRP, SHIB, AGIX, and TIA), emphasizing their key levels and potential trading setups.

Are you ready?

Today, we will cover the following topics:

- USDT.D and BTC Analysis
- 5 Altcoins Analysis
- Quotes / Advices
- Closing Remarks

USDT.D and BTC analysis

As usual, I always start my analysis with USDT.D as it serves as an indicator of traders' sentiment. USDT.D reflects whether traders are optimistic (investing in cryptocurrencies) or pessimistic (shifting towards stablecoins).

USDT.D weekly chart approaching a strong support zone at 4%.
USDT.D Chart - Weekly Timeframe

USDT.D broke below our 5% support. In line with our expectations from last week, a bearish continuation towards the 4% support is anticipated.

The 4% zone presents a strong rejection point as it intersects with the lower brown trendline, acting as a non-horizontal support.

USDT.D daily chart showing the overall bearish trend within the falling channel.
USDT.D Chart - Daily Timeframe

As USDT.D approaches the 4%, we will be on the lookout for potential bullish reversal setups to confirm the rejection.

Meanwhile, USDT.D would remain overall bearish, and we anticipate a continuation towards the 4% support level, which would have a positive impact on the overall crypto market.

BTC daily chart already over-bought around the upper bound of the wedge pattern.
BTC Chart - Daily Timeframe

After breaking above the $50,000 resistance, BTC surged by 26% in just 4 days.

However, BTC is currently hovering around the upper bound of the wedge pattern, which serves as an overbought zone.

BTC 1h showing the last major low at $58,600 that we need a break below for the bearish correction to start.
BTC Chart - 1H Timeframe

In the 1-hour timeframe, the bulls will maintain short-term control as long as BTC is trading within the rising channel outlined in red.

If the last low at $58,600 is breached downward, we anticipate the start of a bearish correction, potentially leading to a movement towards the $52,000 demand zone.

5 Altcoins Analysis

Let's start with LINK. It has been overall bullish, trading within the rising channel outlined in green.

As LINK approaches the lower green trendline and $17 support level, we will be looking for trend-following buy setups on lower timeframes.

In parallel, for the bulls to maintain control and take over from a long-term perspective, a break above the last major high at $20.9 is required.

In such a scenario, we anticipate a continuation towards the $25 mark.

LINK daily chart overall bullish trading within the rising channel.
LINK Chart - Daily Timeframe

Turning our attention to XRP. It has been overall bullish trading within the flat rising wedge pattern in orange.

Currently, XRP is hovering around the lower bound of the wedge pattern and $0.5 support zone.

As long as the $0.47 support holds, we will be looking for trend-following buy setups on lower timeframes.

XRP weekly chart hovering around a strong support zone and round number $0.5.
XRP Chart - Weekly Timeframe

In the daily timeframe, XRP has been undergoing a correction phase, trading within the descending red channel.

For the bulls to take control, and shift the momentum from bearish to bullish, a break above the previous major high at $0.6 is required.

XRP daily chart in a correction phase and showing the last major high at $0.6 that we need a break above for the bulls to take over.
XRP Chart - Daily Timeframe

Next on the list for today is SHIB. As per our previous analysis, SHIB rejected the support zone highlighted in red and traded higher.

Today, SHIB faced rejection at the $0.000012 resistance level highlighted in blue.

For the bulls to maintain control, a daily candle close above $0.000012 is necessary.

In parallel, as SHIB retests the $0.00001 round number, we will be looking for new short-term buy setups on lower timeframes.

SHIB daily chart showing the resistance zone that we need a break above for the bulls to maintain control.
SHIB Chart - Daily Timeframe

Analyzing AGIX, it is currently retesting its previous all-time high at $0.667.

As long as the $0.666 support level holds, we anticipate a continuation towards the $1 round number.

AGIX weekly chart retesting its previous all-time high.
AGIX Chart - Weekly Timeframe

For the bulls to take full control again and initiate the next bullish impulse movement, a break above the last major high in orange at $0.794 is needed.

In parallel, if the $0.667 level is broken downward, we will expect a bearish correction to occur, potentially leading to a movement towards the $0.54 demand zone highlighted in red.

AGIX 4H chart showing that last major high at $0.795 that we need a break above for the next bullish impulse to start.
AGIX Chart - 4H Timeframe

TIA has been trading within a tight range between $13.8 and $20.

As long as the $13.8 support remains intact, we'll be on the lookout for trend-following buy setups on lower timeframes.

TIA daily chart hovering within a narrow range between $13.8 and $20.
TIA Chart - Daily Timeframe

For the bulls to seize control and initiate the next upward impulse, a breakout above the last major high marked in red at $17.3 is necessary.

Meanwhile, TIA could still dip lower to retest the orange support level.

TIA 4h chart showing the last major high at $17.3 that we need a break above for the bulls to start the next impulse.
TIA Chart - 4H Timeframe

Quotes / Advices

Just because Bitcoin is approaching its all-time high doesn't mean you should jump in without a plan.

Avoid making impulsive decisions driven by emotions like fear of missing out.

Trading can be stressful, especially during volatile times.

Stay calm, stick to your trading plan, and avoid making emotional decisions.

Remember that markets go through cycles, and there will always be opportunities for profitable trades.

Closing Remark

In summary, USDT.D broke below the 5% support, signaling a bearish continuation towards the 4% support level.

BTC surged after breaking above $50,000 resistance but is now in an overbought zone, potentially facing a bearish correction if it breaches the $58,600 support.

LINK: Buy near $17 support, bullish above $20.9.

XRP: Potential buys near $0.47 support, bullish above $0.6.

SHIB: Resistance at $0.000012, bullish above, short-term buys near $0.00001.

AGIX: Testing $0.667, bullish above, potential correction below, support at $0.666.

TIA: Buy near $13.8, bullish above $17.3.

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