BTC DUMP NEWS IN MARKET

The crypto markets are reeling amid rumors that the U.S. Treasury Department may soon accuse a number of financial institutions of using digital assets to launder money.

The popular Twitter account FXHedge was first to cover the potential move from the agency, sending an alert out to 122,700 followers.

Twitt

We all have seen DOGE over the past week. Some people made a lot of money, others wish they had. For now, a new opportunity has arisen for DOGE. 

On the 15-minute chart there's a clear bullish triangle forming. Potentially, DOGE will break out of this pattern and aim for the current ATH . 

China...now ready for acceptance..

This is a good opportunity to add some LTC for the mid-term. LTC has not pumped much like other big caps and a rally is pending.

Buy Zone: $260 - $265 (add more in dips)

Target: $288 - $317 - $344 - $382 - $424 - $478 - $514 - $565 - $620 (will touch $1000 in long term)

┌ «🔢Market Cap🔢»
├ Total Market Cap: 2.01T $
├ Total 24h Vol : 229.03B $
├ ALTS Market Cap: 972.72B $
├ ALTS 24h Vol : 161.64B $
├ BTC Dominance: 51.62%
├ ETH Dominance: 12.54%
└ Last Update: Now

#BTC_DOMINANCE Going up to +53% / 56% will be Bullish sign for the entire market.

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Venmo has announced the rollout of its “crypto on Venmo” service, allowing over 70 million users to buy, sell, and hold four types of cryptocurrencies, including bitcoin, using the popular Venmo app. Venmo’s new crypto service further shows Paypal’s commitment to the crypto space, the company detailed.

Bitcoin closed the daily candle above 50 MA and this is good sign. Now we see some accumulation around the $56,000 zone before going up. The major resistance to flip is $60,000. We will share new signals and entries whenever the alts market looks good.

ADVISE - BOOK PROFIT FROM #BNB

WE WILL GET CHANGE TO BUY AGAIIN AROUND $550

This doesn't mean Bull season is over.

There are three phase in crypto -

Bull phase - where you shouldn't buy crypto from fiat(country currency). You can trade and hold your coins in this phase

Bear phase - where you shouldn't hold your coins. You can trade in this phase

Accumulation phase - where you should buy crypto from fiat(country currency) and Hold you crypto till Bull phase ends

All phase moves in cyclic motion

Bull -> Bear -> Accumulation -> Bull

The market will be green tormorrow BTC pumping... Let’s go to shopping !!

ETH Pumped hard then next BNB ..... Make it new ATH 🔥🔥🔥

Support of $ 50,000 is crucial for BTC, it is very weak at the moment. After 193 days of price increase. Crypto and equities markets both sell-off with a serious decline from BIDEN “FUD.” Will the scenario be like "COVID" in 2020? Hopefully that won't happen

A rise of 200% cannot happen without a fall of -50%

It's just the way markets behave

The whale and retailer dynamic is exactly this

Whales are patient. Retailers, not so much. Retailers always fet rekt hence.

Whales can see a -50% or more for months..

This is the reason of market dump. US president Joe Biden will purpose captial gains tax as high as 43.4%. That is huge and investors selling their assets now before the bill passed to save their profits.

#BTC/USD

We had a Successful Analysis on #Bitcoin by reaching 50K and now has hit us with a hard consolidation all the way down to 48k, which could potentially still scale even further down to 45k~43K. The crucial Level for change the BTC Trend into Bullish mode again is located at 58000$ now.

Technically, Everything is unclear right now and the only TA is to watch on the daily- weekly candle closes in the next few days.

If BTC in the next couple of days stays under the 50k price range, then we will in the future look for more aggressive hedge shorts by going down more since that would be the first early sign that real the #Bull_Market for Altcoins may be coming soon.

We have to see BTC consolidate above the current (50000$) area and a pull-back retest of 53k/55k, where we should take some profits on our alt holdings.