Bitcoin Dominance is testing the trendline and bouncing from there. Bitcoin Dominance is still bullish and with BTC high volatility we see more blood in alts market. Don't go all-in into alts, only hold some good fundamental coins. Dominance will go to 44% levels in next couple of weeks. The major support is 40% and break below will lead to good rally in altcoins. Keep an eye on dominance. Stop loss is must in all trades.

China has blocked access to major cryptocurrency-related websites, including CoinGecko, CoinMarketCap, and TradingView. Several tools that check if China’s internet firewall blocks websites show that these sites are all 100% blocked.

The block follows China’s complete ban on cryptocurrency transactions and is clearly an attempt to limit any access to the market.

SPX is in the free fall! As #BTC correlation with stocks is high, crypto is also tanking

new ฿ daily high: $47,786

#Bitcoin illiquid supply repeatedly hits ATH this month.

Supply is being taken out of circulation, which tends to increase in demand and price will follow most likely.

After a long back and forth moves ETH breaks above the $3000 and just taps the next resistance zone of $3279 - $3360. Price might take pullbacks, as the price is approaching towards 100 MA. As long as the price above $2950) is bullish.

Bitcoin broke the resistance and now trading above it. The next resistance is $50,000-$50,500 area and $52,500-$53,000 area. Market will turn extremely bullish after $53,000 break and BTC will go to make a new all-time high. A break above psychological level of $50,000 will turn the market sentiments bullish. Yesterday BTC give a quick spike to $46,900 and bounced from there. The local support for now is $48,200-$48,600 and $47,300.

Bitcoin dominance reached the 44% level as mentioned and now trading near it. If Dominance break 44% level and hold above it then we see a upward movement towards 45.5%-46% resistance area. This is the reason altcoins are not increased much even after BTC crossed $51,000. The local support for Dominance is 42.8% level and if Bitcoin dominance comes down to retest the support level then we see small rally in altcoins.

Yesterday, $26M of #Bitcoin shorts got liquidated in 10 minutes. When BTC massive pushed above the $55,000. We may also see a long squeeze this weekend.

Since that $30k low on 20 July, institutional investors, those holding at least 1k of bitcoin, have increased their holdings by 172k bitcoin and institutional traders have acquired an additional 68k

ETH is unable to hodl above the $3600 area and broken the zone below. The candle didn't close yet, the price might just wick it off. If the candle closes below then we're expecting a dip till $3300 - $3376, which is a strong support level.

#ADA looks like facing strong sell pressure, unable to break above the resistance zone. Also, the price is testing out 50 period EMA and now, seems like the price will dip back to the support area. Have you bid near the support around $2.00 or below.

#BTC is taking a correction and tested the $54,000 area already. We may see a retest of the $53,000-$53,500 support. The market remains bullish as long BTC hold above $50,000. We may also see a retest of $50,000-$51,000 if any bad news or FUD come.

Bitcoin balance on exchanges has again started decreasing after the small increase in April-July. The Bitcoin balance on exchanges is now at August 2018 levels. This shows less selling pressure on exchanges and we may see more upward movement in coming weeks.

BREAKING: SEC APPROVES FIRST U.S. BITCOIN FUTURES ETF FROM PROSHARES - $ BITO — link

Funding rates

The flash dump to liquidate bulls is expected!

Bitcoin break the all-time high and also the $65,000 resistance. Bitcoin made a new all time high of $67,000 and testing back the support. The support for now is $63,500-$64,500 and after that $60,000-$61,000 area. BTC is now in price discovery mode and we assume round figures as psychological resistance. The next resistance is $70,000 and $75,000 levels. We will see high volatility in coming days.

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