BTC Update:- BTC looks fine now. Yesterday we have seen a drop all the way to $62,300 because of spot ETF rejection news. But that news doesn't effect much. We are still in a bull market.
If BTC holds the $63k level then everything is fine but if it break and close below $63k then we might see $60k again. $60k has a very strong support and a good bounce from there is highly likely. If it happens then that is the last chance to buy BTC at $60k level.
The new Bitcoin protocol update, Taproot, gets activated this weekend. Optimizes scalability, privacy, smart contract functionality, new address type, lower transaction fees.
Also keep in mind that there could be some fuckery over the weekend. So stay cautious and do not use high leverage.
Stay tuned and pin our channel at top.
If BTC holds the $63k level then everything is fine but if it break and close below $63k then we might see $60k again. $60k has a very strong support and a good bounce from there is highly likely. If it happens then that is the last chance to buy BTC at $60k level.
The new Bitcoin protocol update, Taproot, gets activated this weekend. Optimizes scalability, privacy, smart contract functionality, new address type, lower transaction fees.
Also keep in mind that there could be some fuckery over the weekend. So stay cautious and do not use high leverage.
Stay tuned and pin our channel at top.
Ethereum Update:
From 30th September 2021, ETH has been in an uptrend forming a nice rising wedge pattern. Since then, ETH has increased 75% with a new ATH of $4868 which is quite commendable.
Current situation: ETH has been respecting both the upper and lower trendline of the R&W pattern and recently we saw a perfect bounce from the lower support which shows upward momentum. But somehow ETH is facing difficulties to break above the 50 MA.
What's next?
Things may fall apart if ETH breaks below the lower trendline ($4.5k to $4.6k). So, it must hold the levels to continue the uptrend. ETH must break above the 50 MA and 21 MA to enter the safe zone. We might also see a new ATH on ETH soon if the pattern continues.
Note: ETH drives almost all the altcoins so if ETH goes bearish, the rest of the altcoins will follow and the same for the bullish move.
We will come up with more updates so stay tuned.
From 30th September 2021, ETH has been in an uptrend forming a nice rising wedge pattern. Since then, ETH has increased 75% with a new ATH of $4868 which is quite commendable.
Current situation: ETH has been respecting both the upper and lower trendline of the R&W pattern and recently we saw a perfect bounce from the lower support which shows upward momentum. But somehow ETH is facing difficulties to break above the 50 MA.
What's next?
Things may fall apart if ETH breaks below the lower trendline ($4.5k to $4.6k). So, it must hold the levels to continue the uptrend. ETH must break above the 50 MA and 21 MA to enter the safe zone. We might also see a new ATH on ETH soon if the pattern continues.
Note: ETH drives almost all the altcoins so if ETH goes bearish, the rest of the altcoins will follow and the same for the bullish move.
We will come up with more updates so stay tuned.
Pro Analysis
#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…
Hello everyone, Pasta Finance pumped 50% + today. And one of our friends who’s also a famous influencer in the Crypto space caught a leak in their farms.
I am closing my full position with no profit no loss. Better to leave this and look into other coins.
Stay tuned we have many big opportunities lined up.
I am closing my full position with no profit no loss. Better to leave this and look into other coins.
Stay tuned we have many big opportunities lined up.
BTC update:
BTC is trying hard to break above the 21 MA. Once it breaks above this MA then we may possibly see BTC reaching $68k to $70k.
If BTC fails to hold the current support level and breaks below the lower trendline then we may see BTC dropping to $60k or even lower.
Key points to monitor will be:
1. The daily close above $65k.
2. BTC breaking above the 21 MA.
3. Support level at $62k to $63k.
Trade safe and stay tuned.
BTC is trying hard to break above the 21 MA. Once it breaks above this MA then we may possibly see BTC reaching $68k to $70k.
If BTC fails to hold the current support level and breaks below the lower trendline then we may see BTC dropping to $60k or even lower.
Key points to monitor will be:
1. The daily close above $65k.
2. BTC breaking above the 21 MA.
3. Support level at $62k to $63k.
Trade safe and stay tuned.
Pro Analysis
BTC update: BTC is trying hard to break above the 21 MA. Once it breaks above this MA then we may possibly see BTC reaching $68k to $70k. If BTC fails to hold the current support level and breaks below the lower trendline then we may see BTC dropping to…
BTC Update:
The daily close for BTC was around $64750 which was close to $65k. The good thing is that BTC is above the 21 MA and we can expect a good rally.
Breaking down below the 21 MA or the support level will be critical.
The daily close for BTC was around $64750 which was close to $65k. The good thing is that BTC is above the 21 MA and we can expect a good rally.
Breaking down below the 21 MA or the support level will be critical.
Quiet times are the best accumulation times for BTC and ETH
Because when it runs, it runs, and you'd have a hard time catching to it.
This is the time that whale can fill up their large bags with sufficient liquidity.
So don't be stressed out and just stack sats.
Enjoy your weekend with family and friends. If any opportunity comes we will inform you.
Stay tuned and pin our channel at top.
Because when it runs, it runs, and you'd have a hard time catching to it.
This is the time that whale can fill up their large bags with sufficient liquidity.
So don't be stressed out and just stack sats.
Enjoy your weekend with family and friends. If any opportunity comes we will inform you.
Stay tuned and pin our channel at top.
BTC is still holding the support at $64400 which is good and it must hold these levels to continue the bullish move. We might can expect a drop between $63000 to $62700 after which it must bounce back and continue its rally towards the new ATH.
Ethereum on the other hand isn't looking good. It broke below the lower trendline which looks scary. The good thing is that it is still under the support level between $4534 to $4584. To continue with the uptrend, ETH must hold these support levels and bounce back inside the lower trendline (above $4.7K).
If ETH fails to hold this level that $4385 could be the next support.
Ethereum on the other hand isn't looking good. It broke below the lower trendline which looks scary. The good thing is that it is still under the support level between $4534 to $4584. To continue with the uptrend, ETH must hold these support levels and bounce back inside the lower trendline (above $4.7K).
If ETH fails to hold this level that $4385 could be the next support.
Pro Analysis
BTC is still holding the support at $64400 which is good and it must hold these levels to continue the bullish move. We might can expect a drop between $63000 to $62700 after which it must bounce back and continue its rally towards the new ATH. Ethereum on…
BTC bounced back from the $64400 support level without dropping any further down. This move could possibly push the price to a new ATH soon.
Like we said in our previous chart, until and unless BTC breaks down below the lower supporting trendline ($62k), BTC is good to go.
Like we said in our previous chart, until and unless BTC breaks down below the lower supporting trendline ($62k), BTC is good to go.
Pro Analysis
Photo
ETH is back inside the uptrend channel which shows some positive momentum.
Could this mean a new ATH for Ethereum?
It is possible only if ETH stays above the lower trendline and the support level.
We expect a good rally on ETH keeping in mind all the odds.
Stay tuned for more updates.
Could this mean a new ATH for Ethereum?
It is possible only if ETH stays above the lower trendline and the support level.
We expect a good rally on ETH keeping in mind all the odds.
Stay tuned for more updates.
USDT DOMINANCE UPDATE:-
If you are new to USDT Dominance Index chart remember that it is inverted in relationship to Alts and BTC. If USDT goes up Alts go down, if USDT goes down Alts go up.
Currently, according to the chart USDT dominance rejected from the upper trendline of the channel and looks bearish to me. IMO after a little bounce from here dominance can go further down and then we will see a good rally in Altcoins. Also, keep in mind that if we break above the trendline then we will see a major correction in Altcoins and then you must exit from Altcoins. So keep an eye on this and trade accordingly.
You can always use this indicator for trading altcoins for the short, mid or long-term trades.
Stay tuned and pin our channel at top.
If you are new to USDT Dominance Index chart remember that it is inverted in relationship to Alts and BTC. If USDT goes up Alts go down, if USDT goes down Alts go up.
Currently, according to the chart USDT dominance rejected from the upper trendline of the channel and looks bearish to me. IMO after a little bounce from here dominance can go further down and then we will see a good rally in Altcoins. Also, keep in mind that if we break above the trendline then we will see a major correction in Altcoins and then you must exit from Altcoins. So keep an eye on this and trade accordingly.
You can always use this indicator for trading altcoins for the short, mid or long-term trades.
Stay tuned and pin our channel at top.
Pro Analysis
BTC bounced back from the $64400 support level without dropping any further down. This move could possibly push the price to a new ATH soon. Like we said in our previous chart, until and unless BTC breaks down below the lower supporting trendline ($62k),…
BTC is back to the support level and in $63600, we have 100 MA support which may help BTC to bounce back. If BTC drops below this level then $62700 to $62000 could be the next support level.
We will update further on BTC price so stay tuned.
We will update further on BTC price so stay tuned.
BTC broke down below the support level and the lower trendline.
Is this going to be bad for BTC?
Well, we have an important support at $60k level which won't be that easy to break. Currently, The dotted trendline is holding the BTC price and it must continue to do so. A breakdown will possibly drop the price to $60500 to $60700 level.
We must worry if BTC goes below the $58k.
If you are stuck in any trades then make sure you have your SL turned on.
Note: BTC is not bearish yet until it breaks below the $60k to $58k level. A bounce is imminent.
Is this going to be bad for BTC?
Well, we have an important support at $60k level which won't be that easy to break. Currently, The dotted trendline is holding the BTC price and it must continue to do so. A breakdown will possibly drop the price to $60500 to $60700 level.
We must worry if BTC goes below the $58k.
If you are stuck in any trades then make sure you have your SL turned on.
Note: BTC is not bearish yet until it breaks below the $60k to $58k level. A bounce is imminent.
Pro Analysis
BTC broke down below the support level and the lower trendline. Is this going to be bad for BTC? Well, we have an important support at $60k level which won't be that easy to break. Currently, The dotted trendline is holding the BTC price and it must continue…
BTC breaks below support of $60k and bounced from the $58,600 (50D MA). This $58k area is very important to hold for bulls perspective. Now BTC is bouncing and reached above $60k again. If BTC holds above $60k we will see some good releif in altcoins too.
No need to be panic here. This $58k-$60k support zone is very strong and imo BTC doesn't break below this level.
Trade safe and stay tuned.
No need to be panic here. This $58k-$60k support zone is very strong and imo BTC doesn't break below this level.
Trade safe and stay tuned.
On-chain data shows futures crypto market is overleveraged and overheated.
Estimated leverage ratio and futures open interest increased abnormal.
Additionally if almost all market is in profit then someone want to realize profits. We saw this first when Bitcoin make new ATH before 70k.
Bitcoin price action make -15% pull back within few days from ATH. On weekly chart have stron support zone between $57500 - $59500.
Long - term HODLers are still accumulate. Bull market still ongoing.
Estimated leverage ratio and futures open interest increased abnormal.
Additionally if almost all market is in profit then someone want to realize profits. We saw this first when Bitcoin make new ATH before 70k.
Bitcoin price action make -15% pull back within few days from ATH. On weekly chart have stron support zone between $57500 - $59500.
Long - term HODLers are still accumulate. Bull market still ongoing.
BTC update:
BTC's daily close was above $60k which is good. If you remember this chart that we posted on Nov 12, we clearly analyzed this dip and look how perfectly BTC is holding the support range. This could be it, we may see a bounce coming in soon. BTC must hold the 50 MA and the $58k support level for the bullish rally to happen.
Key points:
1. If BTC bounces from this level, we can expect a new ATH or a good rally on BTC.
2. BTC must hold the $58k support level.
3. 50 Day MA is acting as a strong support level.
Stay tuned for more updates.
BTC's daily close was above $60k which is good. If you remember this chart that we posted on Nov 12, we clearly analyzed this dip and look how perfectly BTC is holding the support range. This could be it, we may see a bounce coming in soon. BTC must hold the 50 MA and the $58k support level for the bullish rally to happen.
Key points:
1. If BTC bounces from this level, we can expect a new ATH or a good rally on BTC.
2. BTC must hold the $58k support level.
3. 50 Day MA is acting as a strong support level.
Stay tuned for more updates.
ETH update:
This is the 1 Day chart of ETH and according to our analysis, ETH could hit $3.9k support level and then a positive bounce. A correction was much needed on ETH which is healthy and good for the market.
The upper trendline, the support levels, the RSI, and the MA's shows a bullish momentum incoming after few more correction.
Our above analysis will get invalidated only if ETH breaks down below $3.8k which will drop ETH for further correction.
Key points to look at:
1. The 50 Day MA support.
2. The upper trendline support at $3856.
3. Breaking down below $3.8k.
This is the 1 Day chart of ETH and according to our analysis, ETH could hit $3.9k support level and then a positive bounce. A correction was much needed on ETH which is healthy and good for the market.
The upper trendline, the support levels, the RSI, and the MA's shows a bullish momentum incoming after few more correction.
Our above analysis will get invalidated only if ETH breaks down below $3.8k which will drop ETH for further correction.
Key points to look at:
1. The 50 Day MA support.
2. The upper trendline support at $3856.
3. Breaking down below $3.8k.