Great news coming up from India..

Supreme Court of India lifted the ban which was put by RBI on banks dealing with Cryptocurrency..

I don't change my bias every second or minute or hour.. because changing bias again and again will create confusion in traders and they can lose small amount or may be more in doing that because of missing as per timezone..
Also changing Bias again and again is like you are not confident in what you are doing..

I am not 100% confident in any of trades.. But I give recommendation only when I am 90%+ confident so that we may not be needed to change our bias..

Also for Spot trading - I DON'T PREFER SHORTER TIMEFRAMES .. my strategy is totally different from many..

I make a plan which will last for a week or more.. so that no one will get confused and miss the sudden changes of bias..

But but but , if something change is must to be done at that moment then only I give a quick update to close/change bias and update it..

You can use stop loss at our entry..

We are 3% higher..

Entry was around 8890 zone.. it was dipped to 8270-8360 support.. But I didn't change my bias..

Our support worked perfectly..

Holding the position.. I want my 2nd Mid term Target to be hit.. just like when BTC pumped from exactly our Mid term reversal support (6120-6300) and did 8280 as our first target..

Resistance 9250-9360..

BTC trades were shared in our Public channel as well. We posted trades of sell/buy with 100% accuracy.. (scroll up)

Use stop loss at entry..

Great fundamentals from India and South Korea..

BTC couldn't sustain this resistance and showed some correction..

It's healthy move..

Support is 8710-8800..

8370-8460 is still good support..

When to add BTC ??

We are in Weekends.. don't get hunted by this.. We will aim nearby 8190 zone if it goes there

Our support and resistance works perfectly as always:)

Pumped from 8370-8460 support and dumped from 9250-9360 resistance..

Fundamentals are mixed up.. Keep calm in weekends because of low volume and uncertainty..

#COS Free signal reached 136 ,
Our 3rd Mid term achieved nicely..

Target Profit = +73.07%
Highest Profit = +74.35%

Gap 1 - $7675

Today BTC wicked to 7700 on CME chart.. Gap is still there..

Gap 2 - $9125

This is few hours prior message..

Gap 1 is now partially filled..

Gap 1 has been filled

BTC -

6120-6300 is mid term reversal support..

7200-7290 is next strong support..

Currently at 7650-7720 support

Small bounce from 7650 zone.. Is it reversal??

BTC needs to close above 7900 on next 4H to show some reversal towards 8280-8370 resistance

BTC demand zone 5650.. if it breaks then we will enter in Bear market

It has respected the Demand zone at the moment

BTC entered in bearish zone when it closed below our reversal mid term support..

Coinmarketcap is also not getting a strong support to bounce back so reversal can be more delayed

✅ BTC and market Analysis ✅

BTC -
BTC broke the reversal mid term support $6120-6300 and entered in bearish market conditions..

Currently trading at $4990 at the time of writing..

As BTC has broken reversal mid term support, it will trade below that for at least 2 weeks and there will be strong resistance at 6120-6300 zone which if gets broken and closed above that on daily then we will see an uptrend..

Chances of Getting 6120-6300 broken is now less because of Fundamentals like Corona virus and overall world economy..

As per TF analysis, Bottom can be located around $3420 while $3600 will behave as good support.. Mid term holders should eye on $3420-3600 zone.. BTC will go up only in case of Good positive fundamentals else it is going down..

BTC supports -
$4770-4815 local
$4500-4545 weak
$4194-4246 neutral
$3600 strong support

Resistances -
$5220-5290
$5400-5445
$5850-5940
$6120-6300 reversal resistance

$5650 is making Supply zone..

Things to note -
1. We had witnessed biggest drop in a day in last 7 years..
2. Current BTC Volatility in Market is highest since 2014..
3. BTC weekly close was the one of the bearish in history (it closed below 200WMA)

We really need good positive fundamentals to break this bearish technical aspects..

So don't make any changes in our recommended portfolio suggested a week ago..

CMC (Cryptomarketcap) analysis - (Tradingview index)
CMC is totally destroyed.. It broke $162-$171 billion support and entered back to bearish mode..

We need a close above $144-150 Billion zone for short term stability while close above $171 billion can change the trend again..

Supports :
$126-128.50 billion
$117-119.70 billion
$108-108.90 billion - Important
$100 billion - psychological and very important support..

Alts Market cap analysis-
$45 billion and $36 billion are the most important supports for Alts cap at the moment..

BTC dominance analysis -
BTC dominance is not looking bad for alts.. But decrease in BTC dominance is not useful for alts unless Alts market cap increases more as compared to decrement in BTC.D

66.60% is short term resistance while 69.07% is important resistance.. 63% is support..

2 consecutive 4H close above $5220-5290

Trading nearby 2nd resistance and supply zone.. Breaking our can test 6k

CMC is now $149 Billion..

Need daily Close above $151.20 billion for some bullish short term..