Bitcoin Market Update:

Bitcoin and BTC.D are both now trading with indecisive candles.

BTC.D needs to decline more from its current location and that will help altcoins 🔑

⚠️ Bitcoin is still trading below $60,000 which is a bearish zone and it can decline more but it doesn’t mean it is going to crash 📉 If Bitcoin can reclaim $60,000 and hold above, then the recent move would’ve been a fakeout & it will be very positive 📈

To remain bearish for Bitcoin is tough when there is a certain amount of consistent buying pressure from elite investors.

🚨 Yesterday 47k Bitcoin lost to hodlers from retail traders, these Bitcoin won’t be readily available on the market for a long period of time. That is more than 104 days of production gone in a few hours, that is a scary truth for bear 😳

Every time there is a sell-off retail traders will lose Bitcoin forever, they just don’t realize it yet.

Intraday:

The intraday chart is choppy and trading into a smaller range area, a stable price action is important from this zone.

1️⃣ A bullish breakout of $61,180 (POI) it should offer a long towards $65,000 and higher - Blue WZRD Projection 🚀

2️⃣ A pullback below $58,650 (POI) followed by a rejection can lead to a long too though remaining below for longer it can cause further decline too - Red WZRD Projection 🩸

H1: https://www.tradingview.com/x/h3ni2eLg/
Daily: https://www.tradingview.com/x/iav3hTBY/
BTC.D: https://www.tradingview.com/x/nq4lW96I/

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⚠️ Fundamental Data Analysis:

NFP data printed lower than expected, and previous.

🔮 Headline job data printed 175K vs 238K expected 👀

This data is bearish for DXY, and as a result Risk Assets should push higher.

🚨 Wage growth also declined to 0.2% from the previous print of 0.3%.

🧑🏼‍🍳 The unemployment data printed higher than expected at +3.9% - exactly what the FED wants to see 🤒

I am expecting a decline in DXY, though the real reaction will be in the US session.

Over the last few days I’ve been warning of the manipulation in the last print, and that the likelihood of a bearish fakeout was growing, it’s certainly looking that way for now.

The market remains in a critical location, however this data was extremely bullish and it comes at a time where Bitcoin needed to reclaim $60,000. Can it close like this? If it does a fakeout would be confirmed and so would the Morning Star Pattern I called yesterday 👑

Bitcoin closed with a morning star today and it should push higher from this region. $73,000 is the next major resistance target while $60,000 is the main support target. Whatever Bitcoin does during the weekend most altcoins will follow. The Weekly outcome of the ETFs and CME charts are bullish in the spot market. We need to hold that price action. During the weekend I expect some volatility but my expectations will remain rational. BTC.D will also play a major role in altcoins tomorrow. My primary focus will be on the intraday charts to get more trade opportunities. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

Bitcoin Market Update:

Bitcoin and BTC.D are both now trading with indecisive candles which is normal during a weekend.

BTC.D needs to decline again from the current pullback which will help altcoins to gain 🔑

⚠️ Bitcoin is now trading above $60,000 which is a bullish region and a successful bullish weekly closing above will help it to keep the bullishness intact and move towards $73,000 in the upcoming week, leaving all those who were bearish.. sidelined 📈

I am expecting more upside move from the current location 👀


Intraday:

The intraday chart is moving choppy now, it has a little upside room from this region.

1️⃣ A re-test of $64,000 (POI) and then a pullback is needed before we get a long. However, an H4 bullish breakout above $64,000 (POI) and holding above for a while can lead to a long too - Blue Solid WZRD Projection 🚀

2️⃣ A re-test of $61,180 (POI) followed by a rejection is a long location too - Blue Dotted WZRD Projection 🔥

H1: https://www.tradingview.com/x/mXlytvxU/
Daily: https://www.tradingview.com/x/regzUWG8/
BTC.D: https://www.tradingview.com/x/iQz43SP5/

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Bitcoin closed indecisively today although the morning star is still valid and we should see a further bullish outcome from this region. $60,000 is the main support target from this region and $73,000 is the next major resistance target. Whatever Bitcoin does during the weekend most altcoins will follow that. The Weekly transition will drive the main volatility tomorrow. BTC.D will also play a major role in altcoins. My primary focus will be on the intraday chart developments to get more trade opportunities. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

DXY closed bearish in the Weekly chart and it can push further down from the current location but the Daily chart can lead to a bullish pullback soon although we will still face the impact of the recent FOMC and NFP events. DXY should be in charge of the financial market. 104.30 is the main Daily support target while 107.00 is the main resistance target. I will be looking for more scalp opportunities based on the intraday chart in the upcoming week. Read the Weekly Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_

Bitcoin closed indecisively today but the Weekly candle closed with a dragonfly doji. $60,000 is the main support target from this region and $73,000 is the next major resistance target. I expect a further bullish outcome from the current location in Bitcoin. My primary focus will be on the intraday chart developments to get more trade opportunities in the upcoming week. Weakness from BTC.D can also help altcoins to push higher in the upcoming week. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

Bitcoin Market Update:

Bitcoin and BTC.D are both now trading with indecisive candles though BTC.D has weaknesses and it can decline further from the current location which will help altcoins to push higher 🔑

⚠️ Bitcoin is above $60,000 after printing a beautiful Dragonfly Doji post a fakeout (as called) which is a bullish region and it should now push towards $73,000 📈 above $73,000 is another impulsive zone where we will get a quick upside rally and a new all-time high 🤩


Intraday:

The intraday chart is volatile and this is a WZRD resistance area 👀

📝 A pullback is very likely from this zone, the double top is still playing out, once we get a better trade location I will be looking for a scalp 🔥

🔮 A move below $64,000 (POI) and then a reversal will offer a long towards $68,000 and higher, $61,180 is a better trade location to engage though it is not needed - Blue WZRD Projection 🚀

Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.

H1: https://www.tradingview.com/x/QBiEu4bd/
Daily: https://www.tradingview.com/x/0oAwMKf1/
BTC.D: https://www.tradingview.com/x/ufgqgwxu/

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Ethereum Market Update:

Ethereum and ETHBTC are both trading with indecisive candles so far.

ETHBTC is trading above 0.0490 BTC but it needs to print more bullish candles from this region to push Ethereum with it 🔑

⚠️ On the Daily timeframe, $3,000 is the main WZRD support from the current location, we should see more bullish moves and eventually breakout above $3,720 📈

Intraday:

The intraday chart tested $3,200 (POI), a pullback is very normal, a further decline is healthy though a reversal is needed to engage with a trade 👀

1️⃣ Above $3,200 (POI) it should lead to a long towards $3,350 and higher - Blue WZRD Projection 🚀

2️⃣**$2,930 (POI) is the main intraday support which I don’t expect unless Bitcoin declines hard today which is less likely without a fundamental event 😏 **

🔮I am very interested to get a long from Ethereum once the intraday chart looks set.

H1: https://www.tradingview.com/x/ZlaOkBtX/
Daily:  https://www.tradingview.com/x/Rh9aEREv/
ETHBTC: https://www.tradingview.com/x/p6XYePaO/

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DXY closed indecisively today and the next move from this region is very important. A successful bearish breakout below 104.90 should offer a further decline towards 102.50 but a reversal can still push it higher. We need to wait for the market to get the next lead from here, it will have serious consequences. Whatever DXY does, most financial assets will follow that. I will be tracking the intraday chart to get more scalp opportunities tomorrow. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_

Bitcoin closed slightly bearish today which is very normal and is a healthy correction. It’s having a correction from an intraday double top as projected, once the pullback is over it should push higher again towards $73,000. We need to wait for the market to get an optimal trade location. Whatever Bitcoin does most altcoins will follow that tomorrow. Weakness from BTC.D can also help altcoins to push higher in the upcoming week. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

Bitcoin Market Update:

Bitcoin and BTC.D are both now trading with indecisive candles.

BTC.D needs to decline soon from its current location and that should help altcoins to push higher 🔑

⚠️ Bitcoin is trading green and it has room to move both sides though I expect it to push higher towards $73,000 in the near future 📈

The intraday chart formation will dominate the market now.

Whatever Bitcoin does most altcoins will follow that.

From the US trading session, I expect to get more volatility, which likely results in a few Alt trades… 😏

Intraday:

The intraday chart is somewhat volatile but we need more impulses, it will take some time so be patient.

🔮 A more bullish move is very likely from the current location as it had enough time to get a pullback and it moved sideways to gather the liquidity 💪🏻

Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.


In the Intraday, $68,000 (POI) is the next WZRD resistance whilst $61,180 (POI) is the main WZRD support before it turns bearish 📝

H1: https://www.tradingview.com/x/XmlqoqtW/
Daily: https://www.tradingview.com/x/ihZx0rVG/
BTC.D: https://www.tradingview.com/x/Sk3YE3H9/

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DXY closed bullish today and it has further upside room to move although any major comments from FOMC members tomorrow can cause high volatility and anything is possible. A move below 104.90 should push it down towards 102.50 and lower. 107.00 is the main resistance target from the current location. We need to wait for the market to get the next lead from here. Whatever DXY does, most financial assets will follow that. I will be tracking the intraday chart to get more scalp opportunities tomorrow. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_

Bitcoin closed indecisively today. The next move from the current location will be important. $60,000 is the main support target and $73,000 is the main Daily resistance target. I will be looking for the next market lead from the current location. We should get more clarity soon. Whatever Bitcoin does most altcoins will follow that tomorrow. Weakness from BTC.D can play a major role for altcoins tomorrow as well. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

Bitcoin Market Update:

Bitcoin and BTC.D are both now trading with indecisive candles.

BTC.D needs to decline from its current resistance area which should help altcoins to push higher 🔑

⚠️ Bitcoin is trading neutral now though the last week we had a dragonfly soon the market should push upside 🔮 $73,000 is the main WZRD resistance from this zone and as long as it holds $60,000 will be considered into a bullish zone 📈 

Whatever Bitcoin does most altcoins will follow that.

Intraday:

The intraday chart is moving slowly. It has given up the initial bullish impulse and momentum we had yesterday.

However, it is now trading into a consolidation range area.

1️⃣ Above $64,000 (POI) it will push higher again - Blue WZRD Projection 🚀

2️⃣ Below $61,180 (POI) it will turn bearish and the probability of further decline will increase - Red WZRD Projection 📉

H1: https://www.tradingview.com/x/cuuqJGjL/
Daily: https://www.tradingview.com/x/NbhAlbh0/
BTC.D: https://www.tradingview.com/x/eKSpNt9T/