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Amount of Liquidations in the past 24 hours by exchanges. In total $1.22 BILLION was liquidated!

#BTC #Bitcoin has dropped to $8,117 and now is trading below $8,700.

Honestly speaking This is good that BTC is correcting, as the HALVING is almost there ( 1 Day 21 hrs. )

Why this is good?


Because, BTC has to go for correction in order to see good rise in alts, and this is following the history
BTC goes for correction after halving and ALTS go for major ride

Prepare urself, for a Big ALT season


- TechnicalCRYPTO-Analyst

Bitcoin made another leg down at 1H timeframe. Now zone above 8660-8700 will resist it coming back. At that moment only RSI signal potential bottom. All the other indicators and factors vote for lower fall. Strongest zones below are 8k / 7700 and 7170.

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📉 Daily Bitcoin chart review 📈

CME futures opened with new massive gap between 9960 and 8905. Gaps always close, but that doesn't always happen fast. Last day candle look very bearish + we have bear pennant at smaller timeframes. Will there be a dead cat bounce or not, but in any case shorting below 9200 sounds too risky. Besides last two 4H candles lack volume, so I'd rather bet on that bounce to ~9k, than second leg down straight away. If I'm wrong and second leg comes first, CME gap will be closed after the halving.

Resistance: 8630 - 8900 - 9020 - 9250 - 9500 - 9800
Support: 8500 - 8400 - 8040 - 7700 - 7170

😱 Fear & Greed index: 40 (<= 48 <= 56 <= 55)
👑 BTC Dominance: 67.1% (<= 67 <= 67.2 <= 67.9)
⚙️ 24h Volume: $154 billion (<= 197 <= 162 <= 201)

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#BTC #Bitcoin (TradingView)

COTI at 220 resistance. Good chances for breakout 😎

#COTI

COTI hit 233 on breakout. Good to buy more between 216 - 220. Should get to the next resistance at 244 as well.

@COTI

Amazing BTC dominance. Made a long wick below 68 support yesterday and cam back above it. That means today majority of alts won't feel well. No wonder - its halving day. Even if it won't change BTC price, it certainly bring a lot of attention to the King.

Scenario 1: Dominance grow to ~68.65 and then pull back to 68 and below.
Scenario 2: Dominance make new higher high and hit 69.2 and in this case most possibly 70 as well.

#BTCdominance #Dominance

📉 LINK chart update 📈

LINK almost made it to 44444 resistance and pulled back. Now falling to 41700 support, but it seems it will skip it and continue falling lower. Keep in mind LINK is in uptrend at macro level, so short scalps are possible, but risky and require tight stops. Entries for shorts from resistance at 43000.

🛒 Support: 41700 - 39600 - 36763 - 35340
🎯 Resistance: 43000 - 44444 - 46000 - 47744
#LINK

ZEN follow descending channel trendlines like a soldier follows commands. Expect it to grow a little and then either make higher low - this will be a signal for retracement ending. Or fall down to the next support at ~5070. That will be final target for long orders. Should give a good bounce.

#ZEN

Closer look at BTC chart as we are closer and closer to halving time. Only 5.5 hours left. Bitcoin already tested red resistance zone - hit 9170. May pullback to 8700 before next attempt.

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#BTC #Bitcoin (TradingView)

Damn, what a dump. Halving volatility party time 🥳
#BTC #Bitcoin

$BTC Halving be like 😂😂😂

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