Forwarded from Premium Universal Crypto Signals
Bitcoin and whole market update -
Bitcoin was falling hard until the Elon Musk's interview on 21st July. After this interview Bitcoin is seeing some growth . Volume spiked on 21st July then went moderate on later days. Today , on Sunday, volume is comparatively less as it's weekend.
Let's talk about 1D timeframe of Bitcoin -
Bullish Scenario - BTC is currently trading at 34450$. Bitcoin has strong resistance on EMA50 level on daily timeframe. The zone of this resistance is 34900-35100$.
A close above above 35100 on Heikin Ashi chart on 1D Timeframe can give a Bullish sentiment towards next resistances 36630-36900 , 38500-38700 weak , 39600 (neutral) , 40000 psychological.
MACD indicator is also showing green on 1D Timeframe which is a good sign.
6H , 12H are in Bullish momentum now.
1W Timeframe -
Bitcoin had broken the EMA50 (Heikin Ashi chart) last week which was a bearish sentiment and now it is looking to reclaim it. Though on Candles it has already reclaimed it. MACD is still red on weekly so still there is less confirmations of bullish sentiment on weekly. It is bullish on lower timeframe as mentioned above.
Bearish Scenario -
The new gap which is created on CME charts can be a catalyst for some retracement. The new gap is now at 32500-34470 zone. As we all know that , 94/100 times CME gaps has been filled sooner or later.
Supports will be -
33210-33460 Local
32310-32400 weak
30600-30780 neutral
30000 Psychological (still)
28800-29250 strong (Recent low is creating good Support but it will be 3rd attempt to test it so it can get broken on 5th or in bad scenario 4th attempt)
23400-26100 Zone has become demand zone for investors. Note that - Weekly timeframe has not turned bullish yet.
Bitcoin dominance Analysis -
Bitcoin Dominance is currently at exact resistance of 46.80% as per tradingview index. It is looking to be Bullish on 1D and lower timeframes. It is still not Bullish on the timeframes above 1D. We recommend to not open new trades in BTC pair before any clear movement (wait and see if it breaks out of resistance or gets rejected) of BTC dominance.
Supports- 46.35 , 45.90 , 45 weak
44.10 , 42.30 important Supports
40.50% strong
Resistances -
46.80% (Testing currently)
48.60% Neutral (it was strong but it was tested in June) resistance
50.40% strong resistance
CMC (crypto market cap) Analysis-
CMC is currently trading at 1.38T$ and it has strong resistance near EMA50 around 1.429-1.44T$ Zone.
It has found a good support at 1.152T$ while 1.26T$ will behave as neutral Support. Nearest Support is 1.341T$
After 1.44T$ resistance , it has next resistance at 1.521-1.53T$ , 1.62T$ resistance.
Timeframe 12H and lower timeframes are showing bullish sentiment while timeframe above 12H are yet to be bullish.
Crypto Market Cap Excluding Bitcoin (Altcoins Marketcap) Analysis -
It is currently trading at 740B$ with resistance at 768.60B$ resistance and then 792B$ neutral resistance , 810B$ can behave good resistance while 900B$ has strong resistance which will take time.
Supports -
720B$ weak
666-675B$ Neutral
603-612B$ Strong
Bitcoin Marketcap has resistance at 666B$ weak , 720B$ neutral , 810B$ Strong.
Fundamentals -
After Elon Musk's Interview many things changed. He also indicated that he is owning BTC , ETH and DOGE. This has created some positivity in many people. The statements of Elon Musk may attract some institutions to jump in Crypto market. Also he is looking positive to accept Cryptocurrency again as a payment method for Tesla.
Conclusion for BTC is -
It will face resistance at 34900-35100$ zone but shorting nearby that is not yet adviced before 6H candle close.
Crypto Market Cap and BTC dominance are also near to the resistance hence it will be interesting to see the behaviour.
For altcoins - BTC pair is looking somewhat bearish while USDT pair can show slight uptrend because of Bullish signs by Altcoins Marketcap and Crypto Marketcap.
Bitcoin was falling hard until the Elon Musk's interview on 21st July. After this interview Bitcoin is seeing some growth . Volume spiked on 21st July then went moderate on later days. Today , on Sunday, volume is comparatively less as it's weekend.
Let's talk about 1D timeframe of Bitcoin -
Bullish Scenario - BTC is currently trading at 34450$. Bitcoin has strong resistance on EMA50 level on daily timeframe. The zone of this resistance is 34900-35100$.
A close above above 35100 on Heikin Ashi chart on 1D Timeframe can give a Bullish sentiment towards next resistances 36630-36900 , 38500-38700 weak , 39600 (neutral) , 40000 psychological.
MACD indicator is also showing green on 1D Timeframe which is a good sign.
6H , 12H are in Bullish momentum now.
1W Timeframe -
Bitcoin had broken the EMA50 (Heikin Ashi chart) last week which was a bearish sentiment and now it is looking to reclaim it. Though on Candles it has already reclaimed it. MACD is still red on weekly so still there is less confirmations of bullish sentiment on weekly. It is bullish on lower timeframe as mentioned above.
Bearish Scenario -
The new gap which is created on CME charts can be a catalyst for some retracement. The new gap is now at 32500-34470 zone. As we all know that , 94/100 times CME gaps has been filled sooner or later.
Supports will be -
33210-33460 Local
32310-32400 weak
30600-30780 neutral
30000 Psychological (still)
28800-29250 strong (Recent low is creating good Support but it will be 3rd attempt to test it so it can get broken on 5th or in bad scenario 4th attempt)
23400-26100 Zone has become demand zone for investors. Note that - Weekly timeframe has not turned bullish yet.
Bitcoin dominance Analysis -
Bitcoin Dominance is currently at exact resistance of 46.80% as per tradingview index. It is looking to be Bullish on 1D and lower timeframes. It is still not Bullish on the timeframes above 1D. We recommend to not open new trades in BTC pair before any clear movement (wait and see if it breaks out of resistance or gets rejected) of BTC dominance.
Supports- 46.35 , 45.90 , 45 weak
44.10 , 42.30 important Supports
40.50% strong
Resistances -
46.80% (Testing currently)
48.60% Neutral (it was strong but it was tested in June) resistance
50.40% strong resistance
CMC (crypto market cap) Analysis-
CMC is currently trading at 1.38T$ and it has strong resistance near EMA50 around 1.429-1.44T$ Zone.
It has found a good support at 1.152T$ while 1.26T$ will behave as neutral Support. Nearest Support is 1.341T$
After 1.44T$ resistance , it has next resistance at 1.521-1.53T$ , 1.62T$ resistance.
Timeframe 12H and lower timeframes are showing bullish sentiment while timeframe above 12H are yet to be bullish.
Crypto Market Cap Excluding Bitcoin (Altcoins Marketcap) Analysis -
It is currently trading at 740B$ with resistance at 768.60B$ resistance and then 792B$ neutral resistance , 810B$ can behave good resistance while 900B$ has strong resistance which will take time.
Supports -
720B$ weak
666-675B$ Neutral
603-612B$ Strong
Bitcoin Marketcap has resistance at 666B$ weak , 720B$ neutral , 810B$ Strong.
Fundamentals -
After Elon Musk's Interview many things changed. He also indicated that he is owning BTC , ETH and DOGE. This has created some positivity in many people. The statements of Elon Musk may attract some institutions to jump in Crypto market. Also he is looking positive to accept Cryptocurrency again as a payment method for Tesla.
Conclusion for BTC is -
It will face resistance at 34900-35100$ zone but shorting nearby that is not yet adviced before 6H candle close.
Crypto Market Cap and BTC dominance are also near to the resistance hence it will be interesting to see the behaviour.
For altcoins - BTC pair is looking somewhat bearish while USDT pair can show slight uptrend because of Bullish signs by Altcoins Marketcap and Crypto Marketcap.
Premium Universal Crypto Signals
Bitcoin and whole market update - Bitcoin was falling hard until the Elon Musk's interview on 21st July. After this interview Bitcoin is seeing some growth . Volume spiked on 21st July then went moderate on later days. Today , on Sunday, volume is comparatively…
BTC closed above EMA50 leading to a massive pump. Massive
Premium Universal Crypto Signals
Bitcoin and whole market update - Bitcoin was falling hard until the Elon Musk's interview on 21st July. After this interview Bitcoin is seeing some growth . Volume spiked on 21st July then went moderate on later days. Today , on Sunday, volume is comparatively…
BTC got rejected at neutral resistance 39600$ , volume is still growing.
80 Billion dollars were injected into market in last 1 hour which indicates something positive fundamental may arrive.
80 Billion dollars were injected into market in last 1 hour which indicates something positive fundamental may arrive.
Premium Universal Crypto Signals
Bitcoin and whole market update - Bitcoin was falling hard until the Elon Musk's interview on 21st July. After this interview Bitcoin is seeing some growth . Volume spiked on 21st July then went moderate on later days. Today , on Sunday, volume is comparatively…
BTC pair are bearish as mentioned in the conclusion. Also BTC dominance made upwards move causing alts dump in BTC pair.
Premium Universal Crypto Signals
Bitcoin and whole market update - Bitcoin was falling hard until the Elon Musk's interview on 21st July. After this interview Bitcoin is seeing some growth . Volume spiked on 21st July then went moderate on later days. Today , on Sunday, volume is comparatively…
BTC dominance also got rejected at neutral resistance.
Forwarded from Premium Universal Crypto Signals
Bitcoin update -
Bitcoin was able to break the 40k$ resistance but it failed to close above it.
Bitcoin has Support now at 36630-36900$ zone which is almost retested now.
It is currently bearish on timeframe 30 minutes and lower Timeframe.
1Hr timeframe will get bearish if BTC closes below 36630$ on 1Hr timeframe.
Currently it looks like a retest of Support after breakout as higher timeframes still have strength and in Bullish momentum.
Bitcoin was able to break the 40k$ resistance but it failed to close above it.
Bitcoin has Support now at 36630-36900$ zone which is almost retested now.
It is currently bearish on timeframe 30 minutes and lower Timeframe.
1Hr timeframe will get bearish if BTC closes below 36630$ on 1Hr timeframe.
Currently it looks like a retest of Support after breakout as higher timeframes still have strength and in Bullish momentum.
Premium Universal Crypto Signals
Bitcoin update - Bitcoin was able to break the 40k$ resistance but it failed to close above it. Bitcoin has Support now at 36630-36900$ zone which is almost retested now. It is currently bearish on timeframe 30 minutes and lower Timeframe. 1Hr timeframe…
After the above update Bitcoin went down from 37800 to our support zone as it was bearish on lower timeframe. It bounced from the Support zone and again reached to the resistance. It actually break the 40k$ resistance and it got hit by new resistance at 40500-40860$ zone.
Universal Crypto Signals Pro
After the above update Bitcoin went down from 37800 to our support zone as it was bearish on lower timeframe. It bounced from the Support zone and again reached to the resistance. It actually break the 40k$ resistance and it got hit by new resistance at 40500…
Yesterday's BTC Analysis given in Premium.
So far going as per Analysis and small correction is happening.
So far going as per Analysis and small correction is happening.
Universal Crypto Signals Pro
Yesterday's BTC Analysis given in Premium. So far going as per Analysis and small correction is happening.
Bitcoin has broken the resistance at 5th attempt.
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#BTCUSDT 2H Chart update
After price went up and reached the resistance at $49,171.16, it got rejected and now it is moving in a downtrend. MACD lines just crossed after showing bullish weakness, however RSI is above the 50% level and price is stil trading above EMA ribbon. If price breaks from the support line of the downtrend we can expect BTC at 47.7k and potentially 47k, but if price manages to go up it will try and break through the 2h supply again.
https://www.tradingview.com/x/ptfYQw3c/
After price went up and reached the resistance at $49,171.16, it got rejected and now it is moving in a downtrend. MACD lines just crossed after showing bullish weakness, however RSI is above the 50% level and price is stil trading above EMA ribbon. If price breaks from the support line of the downtrend we can expect BTC at 47.7k and potentially 47k, but if price manages to go up it will try and break through the 2h supply again.
https://www.tradingview.com/x/ptfYQw3c/
TradingView
Chart Image
#ETHUSDT 2H Chart update
After moving significantly to the upside and breaking the previous resistance at $3,245, price is currently in a descending triangle pattern. MACD lines also just crossed and became in a bearish territory after showing bullish weakness, RSI is also above 50% and price is trading above EMA ribbon. We are waiting for the breakout to have clear indications of price's next move, however i favorise a breakout upwards and reaching the resistance at $3,302.93 again, else price will reach the support at $3,131.15.
https://www.tradingview.com/x/3lFHSxl9/
After moving significantly to the upside and breaking the previous resistance at $3,245, price is currently in a descending triangle pattern. MACD lines also just crossed and became in a bearish territory after showing bullish weakness, RSI is also above 50% and price is trading above EMA ribbon. We are waiting for the breakout to have clear indications of price's next move, however i favorise a breakout upwards and reaching the resistance at $3,302.93 again, else price will reach the support at $3,131.15.
https://www.tradingview.com/x/3lFHSxl9/
TradingView
Chart Image
#BTC.D 2H Chart update
Although both of BTC and BTC.D's last two candles are bearish, they are not fully synchronized yet as the last few candles weren't. BTC.D is currently testing a previous resistance level at 44%, however this level have been tested multiple times so now it is considered as "weak" and it should break it. If this is the case we would see BTC.D at 42.71% in some time. But if it decides to bounce up it should break the 44.25% before reaching the next resistance at 44.96%.
https://www.tradingview.com/x/l7aFZgFW/
Although both of BTC and BTC.D's last two candles are bearish, they are not fully synchronized yet as the last few candles weren't. BTC.D is currently testing a previous resistance level at 44%, however this level have been tested multiple times so now it is considered as "weak" and it should break it. If this is the case we would see BTC.D at 42.71% in some time. But if it decides to bounce up it should break the 44.25% before reaching the next resistance at 44.96%.
https://www.tradingview.com/x/l7aFZgFW/
TradingView
Chart Image
#USDT.D 2H Chart update
While BTC is moving upwards USDT.D is moving in the opposite direction as it should bouncing up from the support at 3% and breaking the resistance at 3.1%. As long as BTC is moving downwards we will see USDT.D rising probably reaching 3.28%. Overall it shouldn't take long before going back down even though it could still go up in the short term.
https://www.tradingview.com/x/5oll4Sjl/
While BTC is moving upwards USDT.D is moving in the opposite direction as it should bouncing up from the support at 3% and breaking the resistance at 3.1%. As long as BTC is moving downwards we will see USDT.D rising probably reaching 3.28%. Overall it shouldn't take long before going back down even though it could still go up in the short term.
https://www.tradingview.com/x/5oll4Sjl/
TradingView
TradingView Chart
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For free Analysis , please follow us on tradingview . Our tradingview username is - "saviour25"
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We are providing daily 10 basic Analysis for free on our tradingview account so you can enjoy it.
Our Premium signals are given based on our advanced Analysis so please do your own research and follow proper risk management if you decide to enter in any trade based on basic Analysis. Please note that - Analysis are not considered as signals.
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#BTCUSDT 2H Chart update
Recently price broke upwards from the downtrend and moved up aggressively creating another demand zone. It touched perfectly the resistance at $49,171.16 and got rejected. We can see a bearish divergence on RSI meaning price could retest a bit if it breaks the $48,642.44 level and can get as low as $47,317 testing the 2h demand zone before moving up again. However MACD and EMA ribbon are showing us bullish indications and if price manages to break the $49,171.16 resistance, it would not be a surprise if it breaks through the 2h supply zone reaching the major resistance level as this supply zone has been tested multiple times now.
https://www.tradingview.com/x/3NmJlYVY/
Recently price broke upwards from the downtrend and moved up aggressively creating another demand zone. It touched perfectly the resistance at $49,171.16 and got rejected. We can see a bearish divergence on RSI meaning price could retest a bit if it breaks the $48,642.44 level and can get as low as $47,317 testing the 2h demand zone before moving up again. However MACD and EMA ribbon are showing us bullish indications and if price manages to break the $49,171.16 resistance, it would not be a surprise if it breaks through the 2h supply zone reaching the major resistance level as this supply zone has been tested multiple times now.
https://www.tradingview.com/x/3NmJlYVY/
TradingView
Chart Image
#ETHUSDT 2H Chart update
Price broke through the 2h supply, the daily supply and the resistance at $3,568. Now this level would become a level of support if price decides to retest as RSI is overbought. Price is also moving in an amazing uptrend but the support line has been tested multiple times, reason i believe price has more chances of testing $3,568.15 and go up again rather than the trend line. MACD and EMA ribbon are bullish, overall i'm aiming at $3,867.96 for now.
https://www.tradingview.com/x/kX2FJkt7/
Price broke through the 2h supply, the daily supply and the resistance at $3,568. Now this level would become a level of support if price decides to retest as RSI is overbought. Price is also moving in an amazing uptrend but the support line has been tested multiple times, reason i believe price has more chances of testing $3,568.15 and go up again rather than the trend line. MACD and EMA ribbon are bullish, overall i'm aiming at $3,867.96 for now.
https://www.tradingview.com/x/kX2FJkt7/
TradingView
Chart Image