Forwarded from Canva (Allmight)
Bitcoin still trading above the support zone and also above the trading range. Nothing has changed yet and market structure is bullish. Bitcoin is in consolidation phase and we may see more sideways movement before breakout out. The support for now is $47,300 and then $46,000 area.
Forwarded from Canva (Lemillion)
#REVIEW ALTCOINS DOMINANCE
No doubt that we saw a great altseason in August and early September! However, now it's time for correction and there is a pretty clear first target at 52% dominance.
Note that this 5% drop can turn into 50% drop for some alts, this is a real warning! Make sure you hold less alts than BTC today and start selling your alts in BTC pair! I personally reduced my bags and now have 80% in BTC and 20% in alts.
Long-term plays should be fine, but only if you buy them with 1-5% of your spot BTC. Short-term or mid-term plays are in danger now, so I personally would avoid them! Trade safely, hold #BTC and you'll be fine!
No doubt that we saw a great altseason in August and early September! However, now it's time for correction and there is a pretty clear first target at 52% dominance.
Note that this 5% drop can turn into 50% drop for some alts, this is a real warning! Make sure you hold less alts than BTC today and start selling your alts in BTC pair! I personally reduced my bags and now have 80% in BTC and 20% in alts.
Long-term plays should be fine, but only if you buy them with 1-5% of your spot BTC. Short-term or mid-term plays are in danger now, so I personally would avoid them! Trade safely, hold #BTC and you'll be fine!
Forwarded from Canva (Lemillion)
Bitcoin give some wicks below $47,000 but no 4-hour candle close below it. Bitcoin is now trying to break the $48,500 local resistance and after this we see a rally towards the $49,500-$50,000 area. There is also a breakout from the bull flag pattern which is bullish. We may see high volatility because of the weekend.
Forwarded from Money King Premium
From last few days market is trading under 'Neutral' sentiment.
which clearly depicts,
neither BEARS nor BULLS are strong.
Although please use STOPLOSS in your open trades.
and don't risk all your portfolio also don't keep it empty too.
accumulate potential coins at DIPs.
& do keep some fiat (USDT) or BTC for any unexpected move.
which clearly depicts,
neither BEARS nor BULLS are strong.
Although please use STOPLOSS in your open trades.
and don't risk all your portfolio also don't keep it empty too.
accumulate potential coins at DIPs.
& do keep some fiat (USDT) or BTC for any unexpected move.
Forwarded from Canva
Bitcoin dominance is now at the resistance line. A breakout above this line will make altcoin bleed more and we see a test of 44% levels. If Dominance rejected from here then we see a retest of 40% support area again and this is the decision time whether we see another altseason or Dominance bounce from major support again. Use stop loss in all your altcoins open position and keep an eye on dominance.
Forwarded from Canva
The total crypto market tested the major support area and quickly bounced from there. BTC also tested the $40,000 area. We may see some sideways movement or range trading for sometime before making next move. The yesterday dump was because of the China real estate crashing and all global markets hit hard. Total market cap need to hold $1.7 trillion support. A break below this level will be bearish. BTC also need to hold $40,000.
Forwarded from Canva
Market Update
- BTC dominance sitting on 42% and ranging between 40% to 44% in the last days, we can expect it range there 7-14 days - this means we have consolidation time.
- S&P500 seeing recovery as we write it with bullish divergence and we hope to see it goes up another 3-5% until Friday.
- BTC support level 40k tested almost twice and so far it seems like there are more buyers than sellers there. This does not mean it can not be broken if tested again and in that case we can see BTC back to 36k levels.
- last news about China to bail out Evergrande are positive to market recovery
In conclusion we have signs for optimism, trade safe, use stop losses.
- BTC dominance sitting on 42% and ranging between 40% to 44% in the last days, we can expect it range there 7-14 days - this means we have consolidation time.
- S&P500 seeing recovery as we write it with bullish divergence and we hope to see it goes up another 3-5% until Friday.
- BTC support level 40k tested almost twice and so far it seems like there are more buyers than sellers there. This does not mean it can not be broken if tested again and in that case we can see BTC back to 36k levels.
- last news about China to bail out Evergrande are positive to market recovery
In conclusion we have signs for optimism, trade safe, use stop losses.
Forwarded from Canva
Buy more at 8,2$ and 6,3$ if btc crashes and t gets there. This is a great long term hold. It’s upcoming nft platform has the fonts to compete opensea.
Forwarded from Canva
Old FUD gets recycled, $btc crashes
PBOC’s announcement about ban crypto got widespread today was ANNOUNCED ON SEPTEMBER 15TH, but got posted online today. The market already reacted on those regulatory fud.
PBOC’s announcement about ban crypto got widespread today was ANNOUNCED ON SEPTEMBER 15TH, but got posted online today. The market already reacted on those regulatory fud.