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.

Hope you guys bought these coins. All three recommended coins (Alice, Mana, Tlm) are 20-30% up.

METAVERSE INDEX👀

Metaverse index looks bullish and currently near the support. Soon all Metaverse coins starts pumping.

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.

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.

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.

Looks like BTC is facing some heavy resistance at $59k level. Currently, BTC is back in the support level of $56k. Breaking below this support level will possibly drop BTC up to $53.5k level. A bounce on the other hand will surely push the price back to $59k to $60k.

BTC must hold this support and break above the $59k level.

Stay tuned.

Looking at the Open Interest for All Exchange during the recent price drop, we can see the OI has stayed flat and slightly increasing! this means the Futures Market is recklessly leveraged. This is a golden point for flushing the high-risk ( mostly Long) positions from the futures market.

Stay cautious and don't trade without stop loss.

Latin America's Ebay now plans to accept cryptocurrency for all products.

https://paxos.com/2021/12/02/mercadolibre-is-creating-the-biggest-crypto-market-in-latin-america-paxos-powers-the-experience/

#adoption