A lot of red. Hopefully things pick up again 🤓

Our weekly price roundup is available on Instagram. Read our summary and a few thoughts on the week to come!

https://www.instagram.com/p/CLU5tOsAW_h

Big 5% swinging indecision candle as bitcoin hits $50k, could be very volatile. Support seems fairly strong at around $48,300 with tweezer wicks.

Big market crash occuring now. Heavy losses across the board. Trading should be paused until market stability resumes.

A little later than normal but check out our summary of the top news stories in crypto this week.

We did the reading so you don't have to 😜

https://www.instagram.com/p/CLkgUbNgadw

A steady decline in BTC price today from the high of $58k with damaging results for our USDT bots. If the downturn continues, we have support at around $51700, below that support levels are under $50k.

Downturn continues. A fast move down happening right now. Broke down under $51k support previously mentioned but bounced back up from $48k. This could be a big one.
Previous major BTC correction was about -25% which would see us back to about $43k. Watchin to see if the key level of $51 can hold.

Read our latest price roundup where we sum up the weeks major movers. Lots to talk about in this one so join our chat channel and let's talk!

Please like, comment and share on instagram if you find this content helpful 😊

https://www.instagram.com/p/CLm0NA3ANXo/

Remember, anyone setting up a Binance account can get an extra 10% off your trading fees! That's on top of the 25% off trading fees granted for using BNB.

https://www.binance.com/en/register?ref=L4R2EK5H

The fee savings really add up, especially if you are grid trading too or running multiple bots!

Over 1,250% profit in one month! If that's not a reason to try out a Binance futures gridbot, I don't know what is.

And remember to use our link to get an additional 10% off your fees on top of the BNB discount, that really adds up when you're making thousands of trades.

www.binance.com/en/futures/ref/39432171

results for the past 2 weeks running Oxford Crypto Signals only with our free USD template.
Choppy and a few big dips, but general trend is definitely upward 👍

Don't forget to give us a rating and review in the marketplace. It really helps us out and allows us to put more time into improving our service.

https://www.cryptohopper.com/signaller?signaller_id=225

Seeing reports of a bug in Cryptohopper for those trading with BUSD base currency. If you're having issues / not receiving signals, please contact Cryptohopper and switch to usdt or other stablecoin until this issue is fixed.
Thanks 👍

Huge crash overnight. Stablecoin traders hit very hard. Might be a tough week

Our analysis is still inconclusive as to whether this is a temporary corrective phase or the beginning of a major bear market.

Seeing bitcoin break under 50k makes me think we could be seeing the latter. If you are trading with a stablecoin, please do some research into these possibilities and consider either holding your currency or using a non-stablecoin as your quote currency.

IF the bear market is truly here, we will expect to see a BTC drop down to around $28k over the 8 to 18 months before the next bull cycle.

⁠Bitcoin dominance teeters at 50% as ETH, altcoins gain traction

The Bitcoin dominance index has collapsed by 20 percentage points since the start of 2021. ETH, BNB and more speculative altcoin bets have seen their dominance rise over the same period.

https://ct.com/9kc3

Alt season is typically a great time to use BTC as your base currency. If the market is going to be tanking, trading with a stablecoin can be tough but if alts are popping off, you can make some good profits against bitcoin 👍

What a bloodbath 😵
I hope everyone is ok and have not lost more than they could afford. Whole market down about 35%

The drop continues. Buckle in for the bear market. It would not surprise us if BTC drops down to $24k over the next 12 months.

Can still be good trading conditions if you are using BTC as your base currency. We will continue to try and provide great signals for all base currencies including stablecoins but bear in mind it is much more difficult to trade against the trend.

Elon has been tweeting again. Not convinced we have seen the bottom yet. We are watching the market closely and will keep sending signals as best we can.

Remember to manage your stop loss, don't rely on DCA.