Welcome to this quick update, everyone.
BTC is hovering above the 100D Moving average which is around 54400 at the time of writing.
Keeping in mind it holds this level by the daily close, it's highly likely we will see some good rallies soon.
ALTCOINS in BTC pairs are doing well lately because of the decline in BTC dominance.
Let's wait for the daily close and see what the market has for us.
BTC is following the second scenario as per my last analysis.
The next support level is around $52,200.
This chart gets invalidated if BTC breaks below the
48K level which is unlikely as of now.
To keep it short, I am bullish sooner or later a god candle is coming!!
Thank you
#PEACE
BTC is hovering above the 100D Moving average which is around 54400 at the time of writing.
Keeping in mind it holds this level by the daily close, it's highly likely we will see some good rallies soon.
ALTCOINS in BTC pairs are doing well lately because of the decline in BTC dominance.
Let's wait for the daily close and see what the market has for us.
BTC is following the second scenario as per my last analysis.
The next support level is around $52,200.
This chart gets invalidated if BTC breaks below the
48K level which is unlikely as of now.To keep it short, I am bullish sooner or later a god candle is coming!!
Thank you
#PEACE
Trade active
This is the CME chart for BTC. I see many people asking about this so yes the gap has been filled!
Just to kick the high leverage traders out of the market the whales could manipulate the price a bit more down but eventually, a bounce is imminent also the price is holding the long-term trendline support.
Stay tuned and follow me to stay updated with this chart.
Note
This is the support trendline I am talking about. It is really important for the bulls to hold this Red trendline. Losing this trendline could postpone the rally for a long time.
So draw this in your charts and keep an eye on it.
Trade active
BTC broke the red line support. Well, I didn't expect this although warned many times about the 51k scenario this was unexpected.
BTC touched the $40k market with an immediate bounce.
In daily 46k remains to be the 200D Daily MA. Manipulation and FUD.
Be careful..
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Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.