Weekly Market Update - Mar 23, 2020
by @Binance_Telegram

Market Moves
BTC $5803.7 17.26% ⬆️
ETH $122.66 8.46% ⬆️
BNB $10.99 16.78% ⬆️

Top 3 Gainers on Binance
DATA $0.02480 288.35% ⬆️
CTXC $0.06217 64.58% ⬆️
MCO $4.13 59.83% ⬆️

Top 3 Fallers on Binance
GTO $0.00903 -21.90% ⬇️
HBAR $0.03016 -14.20% ⬇️
PERL $0.01095 -11.71% ⬇️

Binance News
- Binance Community Coin Vote round 7 - STPT vs IRIS
- Instant buy with Visa now available around the globe

Trading News
- Binance will support the upcoming Steem hard fork and distribute the new HIVE token to STEEM holders
- Notice of removal of trading pairs - 2020/03/20
- Binance Futures increases maximum leverage on XTZ/USDT contract to 75x

In Other News…
- Bakkt announces new direct payment integration with Starbucks

@AllTimeHighTraders

📉 Daily Bitcoin chart review 📈

Another week left in the past. Dead cat bounce finished, now we may expect either continuation of the dump, or another week of consolidation with huge trade range. Dump scenario is highly possible and hint for it may be found in S&P500 chart that show stock performance of 500 largest US companies. Compare it with BTC week chart. Bitcoin isn't doing that bad at all, but it is hard to expect any kind of bullishness, while world economy is collapsing.

Resistance: 6000 - 6190 - 6530
Support: 5650 ✅ 5350 - 5040

🥵 Fear & Greed index: 10 (<= 11 <= 9 <= 9 <= 12 <= 11)
👑 BTC Dominance: 65% (<= 65.1 <= 65.1 <= 64.9 <= 64.3)
⚙️ 24h Volume: $132 billion (<= 130 <= 187 <= 185 <= 124)

Twitter | ByBit | Binance | FTX | Scalping | Bitmex

@Alltimehightraders #BTC #Bitcoin

Closer look at BTC chart here. Now at ~5800 support. No volume met here, so that won't be the last stop - the only question is how far whales will push price up before dumping it lower.

@AllTimeHighTraders #BTC #Bitcoin

📉 ADA chart update (TradingView) 📈

ADA price at support left since December'19/January'20. Used to be strong support, but since already cut through on last big dump, lost some of its strength. Still a good spot for 3-5% bounce to 480-495.

💡 Cardano is available for margin trade at Binance (20% fee discount) and high leverage trade at Bitmex

@Alltimehightraders #ADA

Target zone for BEAR was 18.8-19.6 - today token price hit 19.5 ✅ Profit 17-30% depending on entry and exit price.

Now BTC is bouncing. Hard to say if it will end up as a bull trap or not. New entries in BULL will be posted in the next signal.

#BEAR #BULL

Huge 427 BTC buy spotted in Ethereum/BTC. Potential bounce and growth to nearest resistance zones. This is only the beginning.

🎯 Resistance 21500 - 21800
🛒 Support 20500 - 20000

@Alltimehightraders #ETH #Ethereum TradingView

Bitcoin hit all marked resistance levels in one hour candle. Next strong resistance levels are at 6900 and 7170. But before growing higher, BTC can pull back to 6100-6200, so don't rush in fomo.

@AllTimeHighTraders #BTC #Bitcoin

bull trap as long as we are below 6666

Short BTC

Entries:

1. 6300 area (now) 10%

2. 6450 (30%)

3. 6600 (60%)

stop 6700

leverage 5x

Targets will be updated. @Alltimehightraders

📉 Shitcoins index chart update 📈

Shitcoins hit first target at 487. Now pulling back to 455 support. Still two and a half hours to evolve, so early to forecast the direction, but if stay above 440, bullish.

🎯 Resistance: 487 - 527 - 570
🛒 Support: 440 - 428 - 415 - 400

💡 Shitcoin Index combines charts of 58 low cap coins. You can trade it at FTX exchange (co-owned by Binance) with up to 100x leverage. Register with this ref link to receive 5% discount on all fees - https://ftx.com/#a=CryptoTrades

#AllTimeHighTraders #FTX #Shitcoins

LEO bounced from 0.9$ and now hit second target 👌 Potential profit 14% 🤑 Now it is close to small retracement to 0.99 - 0.975.

Original signal zones:
🛒 Support 0.930 - 0.915 - 0.897 - 0.866
🎯 Resistance 0.994 - 1.030 - 1.050 - 1.130

You can trade it at FTX exchange (co-owned by Binance) with up to 100x leverage. Register with this ref link to receive 5% discount on all fees - https://ftx.com/#a=CryptoTrades

@ALLTIMEHIGHTRADERS#LEO #FTX

Please, be safe out there

Binance
#SNT/BTC Take-Profit target 1 ✅
Profit: 8.1633% 📈
Period: 4 Minutes ⏰

Yes baby, do it fast 🚀 🤑

Watch LTO. Possible breakout above 494 resistance. Targets 550 - 590

#LTO

📉 BTC dominance chart update 📈

Dominance reached level I wrote about earlier. Good zone to bounce back. Or it can breakout - for that Bitcoin should pump/dump hard.

Many factors now influence BTC price, and even though money printing all over the world devaluate fiat, they are still in need for food and stuff, as many are losing jobs now. Whales who feel ok, also don't mind buying cheaper. Why not, while discount season has just began?

March 22nd post: You might have noticed alts pulling back now - this can be also seen at BTC Dominance chart, where index makes another attempt to break 66.75 "resistance". This time I think it has higher chances to get to 67.5.

@AllTimeHighTraders #BTCdominance #Dominance