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.

BTC update in lower timeframe.

BTC got rejected exactly from the trendline drawn in the chart. Currently, the 50 MA is holding a good support but its hard to say whether it’ll continue to hold for long. If at all BTC gets positive again then 50 MA ($57500) would be the level to bounce.
A breakdown below 50 MA will possibly drop the price up to $56k level.

So far BTC is doing ok and there’s nothing unusual happenning.

We will update more on this so stay tuned.

Currently Bitcoin is in a strong re-accumulation phase given the netflow from exchanges is already deeply negative for 3 months time.

As shown in the chart below, Bitcoin netflow has usually 3 different stages:
1. Accumulation-phase: there are deeply negative netflow. After some time, price is likely to go up.
2. 2. Choppy-phase: there are big inflows as well as big outflows. Price is less bullish and is forming a top.
3. 3. Distribution-phase: the netflow from exchanges spikes up very heaviliy.

Currently, we're in an accumulation-phase. In this type of phase; price is likely to go up after some time.

We hope you followed our chart. Currently, BTC is exactly at the support we drew and mostly likely it should bounce from this level leaving behind a long shadow. If not then $54200 is the level.

Buy FET/BTC at CMP and add upto 1250 sats. Broke out and retest done. Expecting 100% to 150% gain.

Entry :- 1260-1380 sats

Target1:- 1678 sats
Target2:- 2022 sats
Target3:- 2540 sats
Target4:- 3000 sats

SL:- 1100 sats

Extreme Fear in the market. It always lead to a buying opportunity. Pick your favourite alts or Metaverse coins like ALICE, MANA, TLM but never go all in at once always try to buy partially.

ICP/USDT TRADE SETUP:-

ICP looks good here. Currently it's hovering inside the triangle. Once it breaks the triangle it will pump good. Accumulate it on spot and hold it for 100-120% profit.

Entry:- $38-$42

Target1:- $50
Target2:- $62
Target3:- $74
Target4:- $82

SL:- $34

BTC update:

We have reached the strong support level for BTC which is between $53400 to $54700. A bounce in the current chart is a good thing and further 3%-4% rally could lead BTC to $57k where we have a strong 21 MA resistance.

After yesterday's -9.5% drop many got stopped out and some even got liquidated because they exposed a lot of their positions with high leverage trading. Some are still holding a loosing position for not using stop losses.
Things are pretty clear guys, we should always know how to safe our portfolios rather then making profits. It's always easy to make money in a bull run but its hard to safe it when market dumps all of a sudden (like yesterday).

Note: It is always good to have money to buy the dip rather then stuck in a trade with your entire portfolio.

We are keeping an eye on the market so stay tuned for the next update.

With the exception of May-July 2021, #BTC exchange balances continue to go down in this cycle.

Again, we see more Bitcoin taking off exchanges during the current correction. This is in sharp contrast of the 2017 cycle, where people rush to deposit onto exchanges to sell.

BTC Update:

BTC bounced back exactly from the support level. We can expect BTC to reach $56k to $57k level. The daily close above $55k will be good for BTC and a rejection on the other hand will be bad for the market.
Lets keep an eye on the 21 MA and also the support levels.

BTC update:

BTC breakout as expected and the daily close was around $57300 which was great.
If BTC sustain this breakout then $60k will be the new resistance level. BTC is alomst 6% up after yesterday’s update.

Let’s see if BTC can actually break this current resistance.

Stay tuned.