VIP MARKET UPDATE: $BTC
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BTC is trading above the ascending trendline but below the 100-day EMA. A breakout and successful retest of the horizontal resistance and the 100-day EMA would indicate a bullish signal. In contrast, a breakdown and retest of the trendline could suggest a potential downward move.
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- Binance Killers®
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BTC is trading above the ascending trendline but below the 100-day EMA. A breakout and successful retest of the horizontal resistance and the 100-day EMA would indicate a bullish signal. In contrast, a breakdown and retest of the trendline could suggest a potential downward move.
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- Binance Killers®
VIP MARKET UPDATE: $BTC DOMINANCE
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BTC.D continues to rise after retesting the horizontal trendline and the 50 EMA support. It is currently facing horizontal resistance. A breakout above this level, followed by a successful retest, would confirm the potential for further upside.
Conversely, a rejection from this resistance level, along with a breakdown and retest of the horizontal trendline and 50 EMA, would serve as a bearish confirmation.
It’s important to note that BTC.D typically moves inversely to the altcoin market cap. With the market currently in a choppy phase, potential opportunities are likely to emerge soon 🧐
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- Binance Killers®
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BTC.D continues to rise after retesting the horizontal trendline and the 50 EMA support. It is currently facing horizontal resistance. A breakout above this level, followed by a successful retest, would confirm the potential for further upside.
Conversely, a rejection from this resistance level, along with a breakdown and retest of the horizontal trendline and 50 EMA, would serve as a bearish confirmation.
It’s important to note that BTC.D typically moves inversely to the altcoin market cap. With the market currently in a choppy phase, potential opportunities are likely to emerge soon 🧐
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- Binance Killers®
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VIP MARKET UPDATE: $BTC
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BTC has shown a perfect pump following the breakout and successful retest of the triangle pattern. It is currently facing rejection at the horizontal resistance level.
A breakout and retest of this horizontal resistance would serve as further confirmation of bullish momentum. However, if rejection persists, BTC may once again retest the 100 EMA.
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- Binance Killers®
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BTC has shown a perfect pump following the breakout and successful retest of the triangle pattern. It is currently facing rejection at the horizontal resistance level.
A breakout and retest of this horizontal resistance would serve as further confirmation of bullish momentum. However, if rejection persists, BTC may once again retest the 100 EMA.
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- Binance Killers®
VIP MARKET UPDATE: $BTC DOMINANCE
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BTC.D is currently moving within an ascending channel. It was recently rejected from the resistance trendline, which coincided with a strong bullish trend in the overall crypto market.
At present, BTC.D is trading near the support trendline of the channel. A confirmed breakdown and retest of this support would serve as a strong bearish signal for BTC.D and a bullish confirmation for altcoins, as BTC dominance typically moves inversely to the altcoin market cap.
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- Binance Killers®
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BTC.D is currently moving within an ascending channel. It was recently rejected from the resistance trendline, which coincided with a strong bullish trend in the overall crypto market.
At present, BTC.D is trading near the support trendline of the channel. A confirmed breakdown and retest of this support would serve as a strong bearish signal for BTC.D and a bullish confirmation for altcoins, as BTC dominance typically moves inversely to the altcoin market cap.
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- Binance Killers®