#BTC quick update on bitcoin situation

The main resistance is at 65,850$ now and bitcoin should retest it before going more down!

Ethereum looks stronger than #BTC and implies we can see higher prices soon. But overall situation is very shaky, do not get too optimistic about the upcoming bounce!

We must watch very carefully #BTC retesting 65,850$. BTC can even squeeze higher to 68K area

If we cannot pass through 65,850$ - I highly recommend you to exit all of your long positions. But for now I believe we should get some relief bounce 😉

https://www.tradingview.com/x/C2TmaSQI/

Sigma Crypto Chad

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#ETH As mentioned earlier Ethereum looks stronger for now and gives #BTC hope for a bounce towards 65,800$

Managed to hold above 2793$ critical level and close the day above

I will be watching carefully the next bounce on both #btc and #eth and most probably exit the market on this bounce.

We need to watch the next week as it’s critical for both Bitcoin and ETH.

General view hasn’t changed.

Relief bounce at most! Don’t get over excited and use it to exit the positions you are stuck in if we show weakness

https://www.tradingview.com/x/7e3Ms3dE/

Sigma Crypto Chad

📱 Here

#BTC 🚀 Bitcoin showing promise!

👉 Quick update: We're seeing that relief bounce I mentioned. Stay cautious, though—the market's unstable due to ongoing conflicts and the upcoming Bitcoin halving.

📈 Resistances ahead:
$65,850
$68-69K
🗓 Key dates: Watch next week (April 22-28) closely.

🧠 Trade wisely!

https://www.tradingview.com/x/sQlD1Uo3/

Sigma Crypto Chad
📱 Here

#ETH 📉 Alts lag behind BTC's bounce.

🔍 ETH/BTC still weak—expect lower alt prices. Alts overall are showing minimal strength.

📅 Ideal buy time for alts: mid-May, based on our time analysis.

🔄 If BTC holds or rises this weekend, alts might see a bigger short-term bounce. That's my cue to exit alt positions, anticipating further drops.

⚠️ Caution advised: the market remains unstable, and this bounce might not last.

https://www.tradingview.com/x/XzooX4vO/

Sigma Crypto Chad
📱 Here

#BTC Halving Insight 🌟

📈 Halving's typically a long-term growth catalyst for Bitcoin. However, its effects may already be priced in, so don't anticipate immediate spikes.

🔄 Our short-term Bitcoin perspective remains as stated earlier.

Sigma Crypto Chad
📱 Here

#DXY Update 📉

🔍 Bitcoin's status: No major news, just follow our last updates. If there's no significant rise soon and we consolidate, expect a drop next week.

💵 US Dollar Index Alert: We're about to close a very bullish two-week candle! The Dollar Index tends to move inversely to risky assets, so a rise here could push them down.

🚀 A strong #DXY close suggests Bitcoin might dip to the 50K area before it's bullish again. Watch for a possible Dollar dip with the new two-week cycle—use this to strategically exit crypto positions expecting lower prices.

⚠️ Caution! The market is unstable. Hold off on aggressive moves; there will be better times to stock up on crypto.

https://www.tradingview.com/x/VAyvuFOP/

Sigma Crypto Chad
📱 Here

#BTC Update 📉

🎯 Target Update: We're close to our first target of $65,850 from the previous analysis.

🔴 Current Stance: Unless BTC decisively flips $65,850, the outlook remains bearish. Expect a potential drop next week.

💡 Trading Tip: If you've profited from the recent rise, secure 50% of those gains and adjust stop-losses to break-even.

🕒 Time Analysis Reminder: Next week (April 22-28) is crucial for Bitcoin's direction!

📊 Overall Outlook: Still bearish. Even if BTC climbs higher, a pullback to the $50-53K range is likely before bulls can regain control.

https://www.tradingview.com/x/veXxNHsp/

Sigma Crypto Chad
📱 Here

#ETH Update 📉

🔍 Ethereum Outlook: Our view remains unchanged. ETH might squeeze higher, but the trend suggests a likely downturn next week.

⏳ Market Strategy: Patience is key. Hold off on new market entries for now.

https://www.tradingview.com/x/CxjTyPrs/

Sigma Crypto Chad
📱 Here

#BTC Weekly Update 🔄

🗓 Pivotal Week: April 22-28 marks a crucial period for Bitcoin's trend. The key focus? The weekly close!

📉 Current Strategy: We're seeing the relief bounce we anticipated. Expect to use this opportunity to exit crypto positions in anticipation of lower prices.

🛑 Altcoin Note: Despite Bitcoin's decent bounce, altcoins remain weak. I'll explain more on this later today.

⚠️ Forecast: The current upward move might fade by mid-week. We'll keep a close eye and provide updates.

Stay tuned and trade wisely!

https://www.tradingview.com/x/h1rhtf1a/

Sigma Crypto Chad
📱 Here

#BTCDOMINANCE 📊

🚨 Alts Warning: Why should alts bleed more? The answer lies in BTC dominance.

📈 BTC Dominance Insight: Despite popular belief on Twitter about an upcoming altseason, the charts disagree. BTC dominance is poised under a significant global trend line, with a higher likelihood of breaking upwards.

📉 Chart Analysis: On the monthly chart, BTC dominance has flipped moving averages, signaling a potential rise to 62%, likely coinciding with a BTC price dump.

🔥 Altcoin Strategy: Be cautious with long-term altcoin positions. If BTC dominance hits 62%, expect severe pressure on alts.

🛑 Current Advice: It's wise to exit altcoin positions during this bounce and wait for BTC dominance to reach around 60%.

🔔 Stay Alert: We'll keep you updated, but now isn't the time to dive into altcoins. Hold off for better entry points as the scenario unfolds.

https://www.tradingview.com/x/xatcjL5T/

Sigma Crypto Chad
📱 Here

#BTC Update ⏳

🔍 Critical Day: Today marks a pivotal point for Bitcoin's short to medium-term trend. To set a positive trajectory, BTC needs to breach $67,000 today.

🚀 Potential Outcome: Crossing $67,000 could trigger a short squeeze, possibly propelling BTC to new highs.

⚠️ Watch Closely: If BTC weakens as we approach the daily close, I plan to exit most of my altcoin positions and suggest you consider doing the same.

https://www.tradingview.com/x/Z4Wv7RfK/

Sigma Crypto Chad
📱 Here

#BTC Quick Update 🚀📉

👀 Current Market State: BTC is testing your patience, creating a challenging environment for decision-making. Avoid hasty trades—neither longs nor shorts have clear confirmations now.

📊 Technical Insight: On the 4-hour chart, moving averages indicate a local bear trend. Typically, in a bull market, moving averages ascend; in a bear market, they descend. Right now, the 200 MA is above the others, signaling bearish conditions.

🔄 Potential Turnaround: However, this is just a short-term view. A flip above $68,000 could revert the moving averages to a bullish stance.

🔑 Key Levels: Despite closing above $65,850 recently, BTC needs to end this week and maintain the next above this level for a solid bullish confirmation.

🗓️ Crucial Time: This week is pivotal, especially today's 3-day close.

https://www.tradingview.com/x/oOdbl8P1


Sigma Crypto Chad
📱 Here

#BTC Update 📊

📈 Yesterday's Close: It wasn't bad! But remember, the 4-hour moving averages haven't shifted to a bullish stance yet. As previously noted, a bullish flip is possible if we can breach the $68,000 mark.

🔍 Current Status: Although the daily close shows potential, we're still in consolidation. The chance to trigger a short squeeze to new highs remains alive. We expect this period of uncertainty to resolve by tomorrow.

🛑 Trading Caution: This phase is testing your patience! Stay calm and avoid making trades based on emotion.

https://www.tradingview.com/x/dDExP6OM/

📝 I'll bring you an update on the altcoin market later today.

Sigma Crypto Chad
📱 Here

#LTC Update 🦖

🌟 Spotlight on an Old Favorite: Litecoin, the well-known "old dinosaur" of cryptocurrencies, is a mainstay in my portfolio, and I recommend adding it to yours too.

📈 Weekly Chart Overview: Litecoin's chart is looking bullish. We're consolidating above the crucial support zone of $73-$83, setting the stage for a potential upward move.

🎯 Targets: In the short term, we're eyeing at least $163, with expectations of climbing even higher.

https://www.tradingview.com/x/l8AJKOxP/

Sigma Crypto Chad
📱 Here

#ETH and #ALTCOINS Update 📉

🎯 Ethereum Tracking: Ethereum continues to follow our predicted path. Hopefully, you've steered clear of impulsive altcoin longs, as we've frequently highlighted the deceptive nature of recent bounces.

🔍 Why Few Altcoin Tips? We've been selective with our altcoin recommendations simply because now is not the optimal time for buying altcoins.

📚 Revisit Our Analysis:
Check out our last week's market overview and strategy: Market overview and strategy for next week
Review our BTC dominance discussion: BTCDOMINANCE

⏳ Altcoin Outlook: Most altcoins currently appear weak and will need more time before shifting into a bullish phase again.

📅 Best Time to Buy: We've consistently mentioned that mid-May will be the right time to invest in altcoins. We'll guide you on which ones to pick for your portfolio.

https://www.tradingview.com/x/sMOGTIO9/

Sigma Crypto Chad
📱 Here

#BTC Update 📉

🚨 Reminder: As we've repeatedly cautioned, the recent uptick in BTC faded by mid-week as expected.

📊 Resistance Trouble: Our failure to break above critical resistance levels has led to noticeable market repercussions.

🔥 Altcoin Impact: Many altcoins have suffered, reverting to pre-relief bounce levels.

🤔 A Glimmer of Hope? While there's a slim chance BTC could surge back above the trend line, the probability remains low. This week is crucial, and we need to see a close above $66,000 to entertain more optimistic scenarios.

📈 Market Temperament: Remember, the market is currently testing your patience.

Stay alert, trade wisely, and keep following for updates!

https://www.tradingview.com/x/6qv5NaXn/

Sigma Crypto Chad
📱 Here