Exactly 5 days ago from now we posted a chart on BTC saying that it is forming a symmetrical triangle pattern and may possibly reach $52k level.
Well, here we are, guys, BTC reaching $52956.
Now what's next? Will there be a drop from this level?
Well, take a look on this chart. BTC formed a rising wedge pattern and to our surprise, it broke out above the trendline. Could this mean that BTC will go higher than this?
Yes, it can. We can also see that BTC is highly respecting the 21 hourly moving average and it is closely going along with it.

So, we may see BTC going down to touch the 21 MA at $51600 level and then bounce back.
Overall, the daily close above the $51k is a good sign for BTC and the market.
We will certainly update you all about the market so stay tuned and pin our channel to the top.

Around 2.7 billion dollars got liquidated in an hour.

This was something unexpected.
A 19% price drop from $52956 to $42900 is no joke. A complete market manipulation. The drop in BTC price has certainly taken a bearish turn forming two important supports. Support 1 is at $46700 from where the BTC price is bouncing back, currently. Support 2 is at $43900, a strong support where BTC left a long shadow.
The most worried part is BTC has gone down below the 200 MA. Last time when BTC broke down below the 200 MA in 4 hours TF was on 12th May 2021 (112 days ago). That wan the time when BTC fell almost 50%.
If BTC do not show any sign of bounce back from Support 1 then it'll likely test Support 2 and then further below.
In the daily time frame, BTC is still above the 200 MA ($46200). In order to stay bullish, BTC must close above the 200 MA and show some bounce.

We will update more on the price action so stay tuned and trade safe.

One of the main reasons for market fall.

Virtual assets, including cryptocurrencies, are officially legalized in Ukraine!

BTC broke below the Support 1 but it quickly bounced back from the dotted line drawn in the chart. Currently, BTC is testing the resistance (which was support 1, previously). The blue box in the chart (Between $44k to $46k) is a crucial area for BTC. If BTC breaks above the resistance then we may possibly see BTC at $48k to $50k but if it breaks down below Support 2 then we could go all the way down to $40k to $37k.

Let's hope for the best. We will keep things updated so stay tuned.

Let's take a quick look on BTC price action.

BTC looks scary at the moment. Although, BTC broke out above the blue box reaching up to $47400 still it isn't convincing. it looks like BTC is giving a goodbye kiss to the 200 MA forming a bearish crossover before the dump.
If BTC fails to close above the blue box ($46686) in daily timeframe, then we may see BTC dropping down to $44k (Support 2). $41k (Support 3), then $37k (Support 4).

The market isn't good to trade especially leverage trading.

It's happening. The real test is in between the blue box. If BTC fails to hold these levels then we will see a roller costar ride.

For now stay away from leverage trading.

Open long position on TRX/USDT.

Expecting 15% to 20% pump from the current price.

Accumulate more if it dips keeping your SL as given.

Entry: $0.093 to $0.096

Targets:

$0.101
$0.107
$0.112
$0.118

SL: $0.0852

Reminder: Use low leverage.

A quick update on BTC.

BTC is still under the box and it is trying hard to break the 21 MA but it keeps on rejecting.
Like we said in our previous update, BTC must close above the blue box and if it closes below the box then things might go horrible for BTC.
So far, BTC looks fine until and unless it breaks the levels. So, let's keep an eye on it. We have the weekly close coming in stay tuned.

Finally, BTC broke the 21 MA in 2 hours time frame. We may possibly see BTC testing the $47k resistance in the coming hours. Let's see if BTC can break the resistance.

Stay tuned.

#TRX/USDT position is in the money now.

Target :1 ✅

TRX/USDT Profit Update.

Target 1 ✅
Target 2 ✅
Target 3 ✅
Target 4 ✅

BOOM

All targets fulfilled. Indeed, a successful trade. Congratulations!

https://coinmomo.com/article/why-pasta-is-bullish-at-05-and-how-to-stake-pasta

Article on delicious PASTA 😍. We are buying more here!!!

This article will help you how you can put your pasta on staking and why pasta is bullish. Make sure you stake your pasta in the pool to make more pastas.
Must read it.

Let's analyze BTC in 2 hours chart after the weekly close.

So, the weekly closed in red at $46k opening the new candle which was red as well.
Should we be worried now?
Well, in the 2 hours chart, BTC is still under the channel and until and unless it is under this channel, we still have good hopes. In our previous post on September 10th, we showed a clear picture of what will happen if BTC fails to hold this channel.
The channel support is at $44k. A bounce will lead the price back to $46500 and a break down will lead the price to $42800.

Let's wait for the confirmation and do not take any trades on leverage. If you are already in a trade then use stop loss to avoid liquidation or heavy losses.

MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per bitcoin. As of 9/12/21 we hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin.

That was quick.

Well, what do we have here?

Yesterday, we saw a quick jump of 6% on BTC price and then within 30 mins the price dropped back 6%. That was quick but instead of falling further down, it bounced back again but this time the jump was one step at a time.
Currently, BTC broke above the resistance and it is currently retesting the trendline which is now a support. The price went as speculated and now if BTC bounce back from the current level then we can expect higher rallies up to $48k to $50k.
We also need to keep this in mind that if BTC fails to hold above the resistance then we might see price falling back to $44k.
We will update more on the price action so until then stay tuned.

#PASTAUSDT Update:- PASTA just hit $4 million Marketcap.


It was just $700k when we posted first.
Also the price is steadily hovering around $0.63 right now.

Reasons to buy pasta:-

1. Whales accumulating.
(Big wallets)
Volume increasing everyday.

2. Steady price (No P&D)
When we rceommended recently, it was around $0.40 and it's 50%+ already.

3.It's too cheap below $1.
Only 6.2 million supply.

4. More than 2566+ Holders!

5. 9600+ People added in watchlist. Thats' almost 40%+ Increase in the last 3 weeks.

The strategy is to Buy and Hold for Mid term. Better if you stake pasta in the pool.
It will give you good amount of pasta everyday on staking.

Target:- $4 to $12 and even higher!