#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..

CMC has respected $126 billion support..

It broke our 2nd resistance and leading towards 6k now..

Now it is in $5850-5940 resistance zone..

We have given Spot BTC buy signal at 5400 in premium channel.. So so far 9% up..

BTC will be bullish once it breaks 6120-6300 reversal resistance.. But world is facing recession so there are some difficulties for overall world market to recover quickly as per Fundamental view..

Positive Decoupling is being seen in BTC and alts at the moment

BTC is still facing resistance in 6120-6300.. This is important resistance zone..

Supply zone is broken..

Now only point is 6120-6300 and 2 daily Close above that along with upcoming weekly.. It can make it bullish..

Fundamentally, Corona virus impact on world market has gone worse..

65% & 95% large scale & mid scale businesses in China have been resumed.. But other countries are still facing the issues..

Australia, India and many countries are still in 2nd phase of this outbreak and if those fail to control it then it can be worse for overall economy..

Recession like conditions are there in world market.. So fundamentally Crypto is not yet that strong..

BTC tried to break out of my resistance but failed in first attempt.

Its not easy to break this resistance tbh..

Daily Closed Below 6300