Here's the analysis of #WRX :

#WRX bounced-off of the major support level of $0.164 - $0.179 and currently, did gave a breakout of the small channel pattern. This doesn't mean a proper buys. Structure is been shifted to bearish as of now, so wait for the setup to form.

#Bitcoin moved exactly as we're watching on daily TF. Price is been in a retracement phrase and finished. Massively jumped higher and printed a new Higher High as of now. Price entered the major resistance zone of $24,450 - $24,800. Well, its a crucial point now, if price breaks above then we can see continuation further. Most probably, we gonna see a rejection now.

#ADA didn't came to our expected area and rallied up as #Bitcoin did. Price tapped out the major resistance zone and looks like it getting rejected. Its not the right time to enter shorts, as #Bitcoin is bullish. Keep an eye on breakout of the major resistance.

#Longs are pretty heavy in #Bitfinex, and bit in others too. Funding are also, moving very #positive, which shows, #long position traders are dominating. Market may play opposite to liquidate, over-leveraged traders 📈

There're variations of #Doji, which can be seen and used to confirmation and anticipation over the market.

1. Dragonfly #Doji: This pattern has a long lower wick and no upper wick, indicating that sellers were initially in control but then lost their momentum, leading to a potential reversal.

2. Gravestone #Doji: This pattern has a long upper wick and no lower wick, indicating that buyers were initially in control but then lost their #momentum, leading to a potential reversal.

3. Long-Legged #Doji: This pattern has long upper and lower wicks, indicating that the price has moved significantly up and down during the trading period. It suggests a high level of #indecision in the market.

Here's the analysis of #MKR :

#MKR on daily TF, moving inside the very large falling wedge pattern and bounced off from the major support of $454 - $475. currently, price rejected from the supporting uptrend line and kinda ranging now. No setups as of now, so better wait for further price action to develop

#Bitcoin gave an another small push, which goes above $25,000 and quarter. On 4H TF, its looks close above but on daily TF, its a proper rejection as we're anticipating. Currently, price have some clean move for going lower, and in-between structural support may work at $23,380.

What is Engulfing Candlestick Pattern ?

#Engulfing candlestick pattern is a popular candlestick pattern used in technical analysis to indicate a potential trend reversal or continuation. It is formed when a smaller candlestick is completely engulfed by the body of a larger #candlestick that follows it.

There are two types of Engulfing Candlestick patterns:

1. Bullish engulfing pattern: This pattern occurs when a small #bearish candlestick is followed by a larger #bullish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bullish signal, indicating a potential reversal of a #downward trend.

2. Bearish engulfing pattern: This pattern occurs when a small #bullish candlestick is followed by a larger #bearish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bearish signal, indicating a #potential reversal of an upward trend.

#LTC bounced from the major support but didn't gave any indication for entering into it. Currently, price is trading near the resistance area at $101.60 and possible retest will be back at support for entries.

Here's the analysis of #FIL :

#FIL recently heavily bounce-off from the major support zone around $4.630 - $5.000. We recently took a profitable trade from there and currently, price approaching towards the strong resistance at $7.853 - $8.080. Well, catching the running train would be highly risky, so better to a pull-back strong pullback 📉

#BITCOIN DAILY TF UPDATE :

#BITCOIN sharply rejected the support zone, as drawn and directly hit out the major resistance. Currently, price is struggling out for the breakout above the $24,600 - $25,000 mark. Weekly also looks interesting, we'll update with that, but as of today, eyes on daily Candle Close.

#TOTAL2 (Altcoin MarketCap) Analysis :

#Altcoins was booming with the #Bitcoin within this month, market cap also hits out the $600B mark. Now, index about to enter the major resistance level of $605B - $640B, where a short-term pull-back may come. We still have the room for an another leg up for alts 🙌🏻. Let's see how market react, once tap-in.

#ETH Analysis :

#ETH is being rejected multiple times out of the major resistance zone of $1,700 - $1,770. Price more likely caught in a range now, but still in a bullish momentum. If #BTC sustain above $24,000, we more likely to see a breakout of this. Alts will follow-up with #ETH, so keep an eye on the levels.

#BITCOIN WEEKLY UPDATE :

#BITCOIN moved perfectly within our Analysis on Daily and Weekly. Currently, price bounce-off from the support and now its important to watch the weekly candle close above $24,600 and a closing above $25,000 will be strongly bullish. Alternatively, a close below, will lead in short-term retracement back to 4H support or lower.

What is Spinning Top Candlestick Pattern ?

The #Spinning Top candlestick pattern is a popular technical analysis tool used by traders to identify potential price reversals. It is a #single candlestick pattern that represents a period of indecision in the market.

The #Spinning Top candlestick pattern is a single candlestick pattern that has a small body with long upper and lower shadows. The #body of the candlestick is typically small and is located in the middle of the overall range of the candlestick.

The Spinning Top Candlestick can be #bullish and bearish, depending upon the reference zone where it formed. This represents the, #Reversal Signal or Continuation of the Market.

How to Trade it ?

You should note use Spinning Top stand-alone, Always use it with a reference point, like Support or Resistance or any major level. You can trade this, if it forms with a reference point and break the High or Low of the candle.

Here's the analysis of #STG :

#STG slides above the strong level of resistance, which is now a strong support around $1.019 - $1.080. There's not enough data in binance feed, but onto the other feeds, took a strong rejection from the resistance around $1.43. Anticipating, a drop till $1.0196 - $1.080 for continuation 📈