MARKETUPDATE

Bitcoin resistance - 24,200 and 25,150

Bitcoin support - 23,400 and 21,500

Bitcoin has bounced back for the third time from its 23,300 support region. We are done accumulating, bitcoin needs one last thing which is a push from buyers. Once the buying volume comes in you will see the prediction of 25K coming true. However, the only negative thing for now is that bitcoin keeps testing it's support and if it does not break out soon then we will dump hard and do a correction. That corrective move will be the best opportunity for short term buyers to enter and gain good. Although, keep solid stoploss.

RVN/USDT
Medium risk trade
SPOT ONLY
Entry range: 0.03145-0.03069
Stoploss: hourly candle close below 0.03040
Targets: 0.03212, 0.033, 0.034, 0.035 and 0.0369

Were weekend Expectations true?

Bitcoin (BTC) Analysis – 4Hr:
As we can see from attached BTC chart that it’s trading below the resistance level of 23170 and above the support strong level of 22515. BTC should not break the support for the bullish momentum as its still showing the bulls are active on 22515 level but the main thing which we cannot ignore that this level is tested already five times on daily time frame which make it weak but bulls can play a vital rule still with against bears in the market. Our price ranges are - Support level are 22515, 21830
Resistance levels are 23170-23854, 24450

Daily Crypto Market Update:

• Fear and Greed Index = 54 (Neutral)

• Total Market Cap = 1.06-Trillion
(0.13% decrease over the last day)

• BTC Dominance = 41.5%
• ETH Dominance = 18.8%
BTC (ANALYSIS)

Price is still struggling between $23.8k & $22.6k region, too much uncertainty right in the market. Breakdown from here & squeezed the longs also too much liquidity blow the trendline price might be swept it, while hold it there make the trend continues.

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GEM COIN

WOO/USDT
SPOT only
MEDIUM Term Hold, can achieve targets before as well.
Entry zone: 0.1935-0.1600
Targets: 0.25, 0.33, 0.44, 0.55

Buy and Hold. Easy 1X to 5X potential Gem Coin.

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SON/USDT
SPOT ONLY
CMP & Limit buy 0.0003076 to 0.0002825

TP 1 : 0.0003950
TP 2 : 0.0004150
TP 3 : 0.0004400
SL: Daily closing below 0.00027

Crypto Market Update

Bitcoin resistance - 24,200 and 23,350 dollars resistance

Bitcoin support - 21,500 20,500 USD strong support

Bitcoin has broken its support of upper trend line of the descending channel. It is somewhat sad and people may be in loss in some trades. However, don’t be saddened. We remain bullish as long as bitcoin is above 20K region.

#Educational

What is a Golden Cross?

A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull market.

Bitcoin Golden Crossover

Bitcoin is getting close to form golden crossover, A golden cross suggests a long-term bull market going forward.

We need to see if the bitcoin repeats 2019 crossover or 2015 failed crossover turned into major drop