Bitcoin has been holding on above 30,000 dollars pretty well. It looks like it's trading inside a small ascending channel, which might result in a small drop soon, but overall BTC is looking really good here.



- https://t.me/Forfliesgold0

So far we have not seen any bounce off this green Ichimoku cloud on the hourly, which indicates that BTC ran out of steam here - at least in the short-term. The cloud also turned red again, but considering how small that cloud is, it probably doesn't really pose a problem for Bitcoin right now.

https://www.tradingview.com/x/mIyk7fxO/

- @Forflies

ARB got rejected at the 1.22 dollar level - again. Despite a very good performance yesterday morning, ARB is down by almost 10% today. This chart is looking a bit messy considering that ARB made it above the 1.22 dollar level twice, only to drop right back down, but it's still pretty clear to me that the 1.22 dollar level is important. A few 4h candles above that level could work out really well for ARB, especially if the rest of the market is also looking good.

https://www.tradingview.com/x/5bHUXzr6/

-@Forflies

With -2.8%, Bitcoin, saw an even bigger red hourly candle than Ethereum did. This comes after breaking out of this descending channel, so seeing this drop certainly not a bullish thing.

As long as the 30,000 dollar level holds, BTC is still in the clear.

But then again, it might not hold for much longer.

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

-@Forflies

BTC is also seeing a move up right now. This could, of course, allow ETH to rally up even higher as well, which will work out well for my active long position which I shared with my VIP members- Message me for information.

https://www.tradingview.com/x/Xr089eEE/

- @Forflies

This is actually quite alarming: The green Ichimoku cloud on the 4h is rapidly closing and might turn red very soon. With this, I feel like BTC is losing important support.

https://www.tradingview.com/x/Q4FZtjcm/

- @Forflies

With the continued sideways trading above 30,000 dollars, the green Ichimoku cloud on the 4h is now basically non-existent. With that, I believe BTC has lost quite an important support in the mid-term.

https://www.tradingview.com/x/BTCYUtaY/
- @Forflies

Ripple is up by less than 1% today - and I think that is actually a pretty good sign because it means that XRP didn't drop right back down (at least for now). If the 0.70 dollars level really establishes itself as new support, it could be pretty good for XRP.

https://www.tradingview.com/x/g0mxMPLB/

- @Forflies

Bitcoin is now once again trading below 30,000 dollars. The 4h Ichimoku cloud also just turned red. If BTC closes the current 4h candle at the current price, it would be the lowest 4h close in almost one full month. There's definitely some weakness right now, and it looks like BTC is about to drop out of this channel, too.

https://www.tradingview.com/x/NlGr5ekl/

- @Forflies

Bitcoin may have dropped below the green Ichimoku cloud on the 4h, but that might not be as bad as it seems at first. This is because BTC is still trading inside this sideways channel and has not yet lost the 30,000 dollar level. In addition, the current red 4h Ichimoku cloud is not of any concerning size yet.

Overall, this situation could easily be fixed with a small pump, even if it's just back up to the upper trend line of this channel at around 31,500 dollars.

https://www.tradingview.com/x/2oqZKkDW/

- @Forflies

DOGE has been trading around the 0.07 dollar range for some time now. This looks like a potential area of resistance, but unfortunately there are too many wicks above this range to place a momentum long order. The only way to play this, in my opinion, would be to wait for a few daily closes above this range, and then try to play an S/R flip.

https://www.tradingview.com/x/lMc99izx/

-@Forflies