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.
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.
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.
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.
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.
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.
Pro Analysis
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)…
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.
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.
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.
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.
Pro Analysis
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%…
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 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.
Pro Analysis
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…
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.
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.
Pro Analysis
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.
Hope you guys bought these coins. All three recommended coins (Alice, Mana, Tlm) are 20-30% up.
MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per #bitcoin. As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin. $MSTR
https://t.co/OA8VWG1bZX
MicroStrategy
https://t.co/OA8VWG1bZX
MicroStrategy
Strategy
MicroStrategy Acquires Additional 7,002 Bitcoins
Pro Analysis
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…
BTC update:
BTC got rejected exactly from the resistance level we drew in our previous chart. Currently, it is back to the $56300 support level where we also have the 21 MA. We can expect a bounce incoming from here. If not then a breakdown towards $53400 support level is possible.
BTC got rejected exactly from the resistance level we drew in our previous chart. Currently, it is back to the $56300 support level where we also have the 21 MA. We can expect a bounce incoming from here. If not then a breakdown towards $53400 support level is possible.
ETH/BTC UPDATE:-
ETH/BTC looks highly bullish. If we get a close above 0.08 then it will ready to go 0.1 first and then 0.14
Also, ETH is a leading indicator for Altseason. Now ETH looks very bullish and it outperform bitcoin. So it can be start of alt season soon(look for the above crypto money flow cycle).
Final Bull run is still ahead. Be ready to earn a lot of money. Also remember do not take any trade without stop loss (especially with leverage).
Stay tuned and pin our channel at top.
ETH/BTC looks highly bullish. If we get a close above 0.08 then it will ready to go 0.1 first and then 0.14
Also, ETH is a leading indicator for Altseason. Now ETH looks very bullish and it outperform bitcoin. So it can be start of alt season soon(look for the above crypto money flow cycle).
Final Bull run is still ahead. Be ready to earn a lot of money. Also remember do not take any trade without stop loss (especially with leverage).
Stay tuned and pin our channel at top.
Be careful with your open orders and trades, guys. The USDT dominance has reached it's lower support level. It could bounce from this level any time from now. The good thing is that the dominance is below the 21 MA but whether it could get rejected from this resistance or not that is something we need to keep an eye on.
If the USDT.D gets rejected from the current support level then 2.74, 2.65, and 2.5 would be the next possible support levels.
Do not trade with high leverage and always use SL.
If the USDT.D gets rejected from the current support level then 2.74, 2.65, and 2.5 would be the next possible support levels.
Do not trade with high leverage and always use SL.
BTC update:
BTC looks good here. Lets divide this chart into two parts to analyze it better.
Bullish:
1. BTC broke out of the trendline and currently at the retest phase.
2. The moving averages (21 & 50) showing a bullish crossover.
3. The daily close was above $57k which is good.
Bearish:
1. BTC has a strong resistance (200 MA) at $59k to $60k level and BTC is trying hard to break above this level for the last 24 hours.
2. The USDT dominance is at the support which is harmful for BTC and the altcoins cause if the USDT dominance bounce from the support then these two will fall bad.
Overall, BTC looks good and it must reach the $60k level soon. Once BTC gets through the $60k level then we can possibly see BTC at $63k to $65k level.
BTC must not break below the upper trendline ($56k).
We are long on BTC keeping in mind the odds.
Stay tuned for more updates.
BTC looks good here. Lets divide this chart into two parts to analyze it better.
Bullish:
1. BTC broke out of the trendline and currently at the retest phase.
2. The moving averages (21 & 50) showing a bullish crossover.
3. The daily close was above $57k which is good.
Bearish:
1. BTC has a strong resistance (200 MA) at $59k to $60k level and BTC is trying hard to break above this level for the last 24 hours.
2. The USDT dominance is at the support which is harmful for BTC and the altcoins cause if the USDT dominance bounce from the support then these two will fall bad.
Overall, BTC looks good and it must reach the $60k level soon. Once BTC gets through the $60k level then we can possibly see BTC at $63k to $65k level.
BTC must not break below the upper trendline ($56k).
We are long on BTC keeping in mind the odds.
Stay tuned for more updates.