🐝 BRIEF BTC UPDATE

Before reading this update - check previous one, it is a must.

The chart has finally formed some semblance of a pattern - bearish wedge. The price grew up with almost no volumes. Before falling down we can see a short squeeze spike. Local priority is downward with the target at $7275.

📍#LTC UPDATE

Bullish wedge formation. But the price can fell a little bit lower to about 5530 sats in order to form a double bottom. This will cause an increase of a growth potential. Targets are on the chart.

📍 #ADA UPDATE

Cardano is forming a bearish wedge and tripple divergence. Our expectations from this coin are depicted on the chart.

📍 #EOS UPDATE

EOS looks nice, bidds inside the descending channel which can also be considered as a falling wedge. We have a horizontal support level at 3485 sats. RR is very good as we can place stop loss below 3410 while the last target is located at 3780 sats.

#TRX reached two targets and dumped. Was possible to make up to 7% profit.

Comments on $BTC later, when it takes hold on levels by major candles.

Bitcoin halving in less than two weeks

🐝 BITCOIN

Today was the huge day for $BTC, would be foolish to deny this fact. We didn't publish much content about it, but were following the process closely.

What can we say for now?

The mid-term post with thoughts was right, our bags was full with Bitcoin, but but at the beginning of the pump we hold an opposite margin position.

Anyway.

We broke a number of crucial levels which many people considered as strong resistances that can reverse the price downwards to $5000. To confirm an up-trend we just need to wait until 1M candle closes above the $8400 - $8600 area which won't be a huge problem as the upper edge of the gap is still wasn't reached and located extremely close.

Shorting now is not the best decision. Small-cap altcoins now is not the best decision. Opening a new long now is not the best decision as well, but in the last case let's just wait for tomorrow.

And, by the end, those who profited - my congratulations, you deserve it!...

🐝 BITCOIN

Marked all crucial levels on the $BTCUSD chart. However, there are two ones which are the most important: $8500 and $9500. If the second one is broken, we REALLY can FORGET about shorting this asset.

📍#XTZ POST-PUMP-UPDATE

Here we can see a small upward movement to 3300 resistance and then continuation of the decline in form of 4-5 wave.

Upward movements can be caused by the convergence, but then - dump.

Halving soon, money won’t stay in alts. If you have lots of alts - reduce sizes. sizes.

🏁 BTC DOMINANCE

Grew up as expected. More likely we will see a continuation of growth until Halving. Better to be careful with alts.

💈 Small cap-altcoins won't be considered in this channel until Bitcoin Halving happens. All money from shitcoins will be moved into $BTC. However, in our opinion there are only two altcoins which worth considering - #LINK and #XTZ. That's the reason we will update them on a daily basis.

📍 #XTZ & #LINK UPDATE

At the moment these coins are highly correlated. It has started with the first red point the chart.

In any pair there always should be master and slave. Master is $LINK.

We can see that even when $XTZ absorbed the orange level, $LINK dragged it lower as it fixed below.

We have a double top on Tezos so more likely they both will dump in the near future.

🐝 BTC UPDATE

There is a bearish triangle on Bitcoin chart. During recent days the price broke through a bunch of resistances, it took a lot of fuel. We need at least a small consolidation and now $BTC chooses where will it be.

Resistance levels are $8945 and $9160, the support is at $7900. The market tells to open a small SHORT position there, however we don't want to take this risk and short Bitcoin at bullish market. Risky traders can try to do this, resistances were mentioned above.

Link to the TradingView idea: https://www.tradingview.com/chart/BTCUSD/EQZWP7Dh-BITCOIN-Need-Some-Chill/

🏁 #XTZ - Following the plan absolutely perfectly. Reached 3330 resistance first, now dumping with already 3.6% profit.

📍 #SPX

At the moment it is correcting from the growth. We expect it to reversal in the area of $2750 - $2800.

Source.

📍#ADA

Head and Shoulders, but still not formed enough. It would be good to short after breakdown of 550 sats with the stop loss above 550.

Situation on alts is controversial and even the most obvious patterns can work in a strange way, so don’t enter with the big size.

📍 #BNB

Descending channel. Don’t advice purchasing this asset until the resistance is not broken or at least 0.002 level. Space for going downwards is big.

🐝 BTC BRIEF

Fake breakout of $8945. The plan is still actual. Check yesterday update.