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.

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.

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.

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.

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.

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.

From Greed to Neutral in a single day.

Bitcoin exchange balances just keep falling. Smart money buys on red days.

BTC Update:- BTC is holding above $58k very well and struggling to break $61k. There is a resistance at $61k which we break first to reach again $64k.
As long as BTC holds above $58k then there is no need to be panic. Once we get a daily close above $61k then our next stop is $64k. So keep an eye on these supports and resistance levels. we will update you more.

Alts Update:- If BTC breaks below $58k then we will see heavy crash in altcoins. So do not trade without stop loss until we get any confirmation. Also, do not panic close your positions. As long as btc holds above $58k alts are good. So trade accordingly.

Stay tuned and pin our channel at top.

BTC Update:

BTC dropped -8% in just a day. The price went all the way from $61400 to $56400 (almost $5k down).
BTC did not managed to hold the $58k support level and we already told you guys the consequences if BTC breaks down below $58k. The current price is at $56200 and if the drop continues then we may see BTC at $53300k to $52600.

Now, here's the interesting thing to look at, the trendlines. In the past, BTC paid good respect to these trendlines and once again BTC is reaching down towards the lower trendline which shows us a strong support at $52k to $53k. From this levels or even before reaching these levels, BTC must bounce back in order to respect the pattern.
If BTC drops down below these support levels then things could go worse and by worse I mean $41k to $30k.

Regarding the altcoins, we will wait for the confirmation before entering any trades. Some of our previous signals hit the SL and some gave good profits. Now, we just have to wait for the right opportunity.

So, stay tuned.

Market Update:- BTC did a relief bounce after the huge correction and closes above $58k in daily time frame. Currently market looks good but don't get too excited and don't overexposed yourself in alts. Until and unless btc closes above $60k things are uncertain. If we get a weekly close above $60k then btc start it's rally again but till then play safe and wait for the weekly close so right now if your alts are in profit then don't be greedy and always keep booking profits.

Also, fear and greed index is now in fear zone and it might come in extreme fear zone. So if this happens then make sure you have some free funds to buy alts in cheaper price.

Stay tuned and pin our channel at top for more updates.

Gemini Hits $7.1 Billion Valuation raising $400 Million in Growth Equity Funding Round.

https://news.bitcoin.com/gemini-raises-400-million-in-growth-equity-funding-round-metaverse-clash-incoming/

Relationship between $DXY and $BTC:

Generally, when DXY is down (dollar is weak), BTC rallies; when DXY is up (dollar is strong), BTC retraces. With few exceptions and sometimes delays, it generally follows this correlation.

DXY is now at breaking down from the ascending triangle in weekly time frame and currently retesting it. Once the retest is done then it starts falling and it means then BTC starts it's ride & keep pumping.

Stay tuned and pin our channel at top.

Ethereum will probably outpreform Bitcoin in the coming weeks.

In the above chart, you can see the Exchange Supply Shock Ratio (ESSR). This ratio gives us insight in underlying demand and supply of the asset. It is calculated by unavailable supply / available supply.

The ratio is making new highs, while ETHBTC price is ranging. Price will follow the direction of the ratio, which means ETH will outpreform BTC

BTC Update:-

Bitcoin tested the $60,000 resistance and right now trading below $58,000 support which is not good for BTC. However the weekly close of BTC is above $58k support zone but to get further bullish momentum BTC need to go above $60,000 area.
Until and unless BTC did not close above $60k do not trade without stop loss.

Stay tuned and pin our channel at top for further updates.

BITCOIN DOMINANCE UPDATE:-

Bitcoin dominance is performing bearish flag on 2 hour time frame. We'll see a downtrend in Dominance in the next few days. The support level for dominance is 42.63 and 41.80

Currently it's hovering inside the channel. Once a breakdown will occur in dominance we will see a good rally in BTC pair Altcoins.

Stay tuned and pin our channel at top for more updates.

BTC update in 4 hours timeframe:

BTC is at the lower support level right now and we can expect a bounce coming in from this level. The daily close was above the $56k which was ok but not as we expected. BTC has two more main support at $54k and $50k. If BTC keeps on rejecting then reaching these two levels will be imminent.
The good thing is, the moving averages are forming a curve which indicates a bullish crossover to happen soon but the real question is when?
BTC has a lot to recover and things went wrong when BTC broke below the $58k level. We still have rooms to improve and BTC will surely recover soon. We expected BTC to bounce back hard, it could happen now or after dropping up to $50k but it will bounce back strong.

Reminder: The market is getting fearful.

Market Update and Altcoin Trades:-

We are long on ETH LTC and BTC.

We expect BTC maybe starting a new wave up along with whole market.
Stay tuned we will be posting new updates shortly.

Total2 weekly update:-

A look at the Total2 this chart shows you the Market cap of all the altcoins combined including Ethereum. Alt market cap (Total2) looks bullish. A perfect breakout and retest. A cup-and-handle pattern has formed on the chart of altcoins' total capitalization. The price has broken through the upper boundary (resistance) and is now testing this level as support. According to the rules of this pattern, target = cup height.

This could be a good opportunity for altcoin growth. Hold your Altcoins bag.

Stay tuned and pin our channel at top for more updates.

Open long entry on C98/USDT. Broke out and retest done. Expecting 10% to 15% gain.

Entry: $3.26 to $3.33

Target: 10% to 15%

SL: $3.02

Accumulate this coin with max 5X leverage.