This is the break above $6250 #bitcoin bulls were looking for and it was backed by a spike in volume.
Next resistances include 200 hour MA area ($6430-$6490) after that ~$6830.
Next resistances include 200 hour MA area ($6430-$6490) after that ~$6830.
The 1 Day bitcoin chart shows an interesting RSI downtrend line that has been forming since April and a test will likely occur in the next few hours.
Breaking through the trendline would increase bullish bias to the rally.
A rejection would likely increase bearish bias.
Breaking through the trendline would increase bullish bias to the rally.
A rejection would likely increase bearish bias.
#Bitcoin Short Squeeze
If you see a sudden short squeeze spike in $BTC, the green candle can’t cross 50 Day MA & will be rejected hard. Last month CME settlement was 7450. This Friday is CME closing again. Be on the guards
If not we test 100 week MA before the spike
If you see a sudden short squeeze spike in $BTC, the green candle can’t cross 50 Day MA & will be rejected hard. Last month CME settlement was 7450. This Friday is CME closing again. Be on the guards
If not we test 100 week MA before the spike
#bitcoin dominance rate rose to 42.52 percent on Wednesday - the highest level since April 15, indicating the money is likely being rotated out of altcoins and into bitcoin amid risk aversion.
CryptoBullet
The Chinese government published a monthly “independent analysis” of cryptocurrencies and blockchain projects.
The Chinese government updated its ratings of blockchain projects.
Notably, Bitcoin was rated outside the top 15 in 17th place, following a change in the ranking methods. EOS took the top slot.
Notably, Bitcoin was rated outside the top 15 in 17th place, following a change in the ranking methods. EOS took the top slot.
📰 South Korean cryptocurrency exchange Bithumb says it has almost halved the losses arising from a recent hack.
The company published a progress update on Thursday, claiming that it has now reduced that damage to $17 million after collaborating with worldwide exchanges to retrieve some of the funds, as well as to try and prevent further losses.
The company published a progress update on Thursday, claiming that it has now reduced that damage to $17 million after collaborating with worldwide exchanges to retrieve some of the funds, as well as to try and prevent further losses.
It’s remarkable how quiet it is,despite being the last week of the quarter & half year. Expect some fireworks later in US & early Asian Session! Tomorrow is a big day.
🐂 Bulls need to close above 6600
🐻 Bears need to break 5750
🐂 Bulls need to close above 6600
🐻 Bears need to break 5750
$BTC has slided down as expected 📉 Downside targets still the same. ALTs are in Buy Zone. Don’t hesitate to BUY, but remember 10-20% Downside is still left so ladder your buys
If you are seating on CASH Or any other Fiat that you can afford to lose, it’s time to move to #crypto
Within maximum 20% Downside from here, you will get an opportunity to join mini Bull Run For ALTs within 90 days Maximum.
Crypto is not dead, it’s just slow & boring
If you are seating on CASH Or any other Fiat that you can afford to lose, it’s time to move to #crypto
Within maximum 20% Downside from here, you will get an opportunity to join mini Bull Run For ALTs within 90 days Maximum.
Crypto is not dead, it’s just slow & boring
#Bitcoin breakout of down trendline. Short Term Bottom of 5755 in place as long as we close above the trendline today & tomorrow.
Upside targets: 6755 - 7080 - 7250 - 7450
Downside to 5400 delayed until 50 Day/Week MA test
Upside targets: 6755 - 7080 - 7250 - 7450
Downside to 5400 delayed until 50 Day/Week MA test
📌 What works in bull market may not work in bear market & sideways market takes away most gains of bull & bear market. Not many traders can handle the trickyness of all 3 market cycles. Learn to adapt to changed dynamics & stay away during cycles which you don’t excel at.
Recommendation During Bear Markets:
Trade against USDT. If you trade an ALT to BTC, and BTC/USDT goes down, you'll lose money cashing out to USDT.
Even if ALT/BTC goes up, but BTC/USDT goes down, you'll either break-even or lose money due to exposure.
Trade alts to BTC during bull market.
Trade against USDT. If you trade an ALT to BTC, and BTC/USDT goes down, you'll lose money cashing out to USDT.
Even if ALT/BTC goes up, but BTC/USDT goes down, you'll either break-even or lose money due to exposure.
Trade alts to BTC during bull market.
📈 ALTs are up 25-50%
Book partial profits & raise stop loss. Close full position within next 10-20% upside move from current levels
Check individual resistance levels for your coins. Expect 70-100% retracement back to June lows in later part of July
Book partial profits & raise stop loss. Close full position within next 10-20% upside move from current levels
Check individual resistance levels for your coins. Expect 70-100% retracement back to June lows in later part of July
#Bitcoin 9EMA crossed over 20 MA & Price closed above 20 MA.
$BTC will go up to 7080 & may attempt intra day 7400 area before retreating back in next few days
$BTC will go up to 7080 & may attempt intra day 7400 area before retreating back in next few days
CryptoBullet
$NEO BUY THE DIPS to 32-35 Area and add more 26-28 BUY & WAIT for 500% Potential Returns
NEO Recommendation was to buy at 32 & add on dips to 26-28. NEO reached 41-45. 60% delivered.
Partially fix profit & buy again on next dips
Partially fix profit & buy again on next dips
📰 Today Switzerland's principal stock exchange has announced it is developing a blockchain-based platform to tokenize traditional securities with further trading, settlement and custody services for these tokenized assets.
$BTC tried to break higher but 6850 still holding
If 6850 breaks:
6945-7100 Multiple Resistance
7350-7450 Horizontal Resistance
7700-7750 Extension possible
SHORT $BTC 7080, 7350, 7700
Target 1 : 6600
Target 2 : 6150
Target 3 : 5950
If 6850 breaks:
6945-7100 Multiple Resistance
7350-7450 Horizontal Resistance
7700-7750 Extension possible
SHORT $BTC 7080, 7350, 7700
Target 1 : 6600
Target 2 : 6150
Target 3 : 5950
CryptoBullet
#Bitcoin 9EMA crossed over 20 MA & Price closed above 20 MA. $BTC will go up to 7080 & may attempt intra day 7400 area before retreating back in next few days
50 DMA was a Target, that’s moving lower & now at 6900. If rejected from here BTC Can retest 59-6100
Only a break above 7100 will test 7325-7450
ALTs have some upside left before next plunge again
Only a break above 7100 will test 7325-7450
ALTs have some upside left before next plunge again