BTC.D OutlookA few days ago, I made another analyse saying BTC.D will go down to 40%; but, that was in case if BTC had intended to go up from 30K. Today, BTC is falling and we can clearly see that BTC.D. can rise until 50% or more.
The green line is our long time resistance.
The blue line is our mid term trendline.
The pink line is our short term trendline.
Btcdominance
ALTs potential to dominate while all eyes on BTC and ETHA little over one month ago I posted about a wedge or possible bull flag whereby ALTs were approaching a potential "bounce or break moment" after which the trend broke downward both for the dominance wedge in addition to the total market cap for ALTs.
However, during the latest bitcoin drops, I have noticed a trend whereby the "discount prices" for ALTs were not too far off from the "discount prices" one month ago when the price of bitcoin fell to around $25-26K.
Upon revisiting the trend, it appears that altcoins have continued to maintain their own prices despite the further drops in both bitcoin and ethereum. This is additionally rather surprising since alts generally follow ethereum more than bitcoin .
Now that the price has started to near $17K, I think the question now is: Will the dominance continue for alts? and in addition: Will BTC bounce reverse upward? and if so, what effect will that have on the "alt dominance trend"?
As anyone who has followed me knows, I have mentioned this "near $17K from the 78.6% Fibonacci retracement from 2020" possibility for some time now. I should note however, that further drops between $12-14K are still possible due to other retracement starting points, and when one looks at further retracement values from the recent lows last May (not drawn to avoid too much clutter on the chart), both this current value near $17K as well as lower prices look like potential possibilities.
I think only time will tell, but it does indeed look like the drops downward might soon be coming to an end. However, with the trends for stocks and the fed rate potentially continuing, and a potential recession around the corner (for which BTC has not really faced a long-term recession similar to that in 2008), there is also a very possible outcome of "untreated territory" around the corner and potential depressing drops ahead.
Either way, it looks like the current times are a very interesting crossroads, particularly for altcoins that I see continuous chatter about "alts suffering due to bitcoin drops" despite a potential to break that trend.
But please let me know what you think in the comments and "like" if you find this idea interesting. And as always, this is solely my opinion and not in any way meant as financial advice.
Bitcoin (BTC) - June 19---------------------------------
Bitcoin (BTC) - June 19
hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
www.tradingview.com
There is a possibility of a consolidation based on the 21481.1 point.
This consolidation is expected to occur between 19424.9 and the uptrend line.
There was a movement out of the sideways section.
Therefore, a failure to move above 19424.9 is expected to lead to further declines.
The next volatility period is around July 16th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
It fell from the downtrend line and fell below 19424.9.
Based on the 18866.2 point, it is expected to show the movement as shown in the figure.
If it rises above 19424.9 and breaks out of the downtrend line, I would expect a move towards the 21170.2 area.
-------------------------------------
When BTC price plummets or soars, BTC dominance mostly rises.
I think this is a phenomenon that occurs as funds are concentrated towards BTC.
Therefore, the coin market is led by BTC to determine the trend.
However, looking at the current movement, BTC Dominance (BTC.D) is falling.
I think this means that the decline of BTC is not leading the market.
In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended.
When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge.
This surge is likely to move in the short term and requires careful trading.
As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend.
If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend.
So, we need to see if the USDT dominance can turn into a downtrend.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
BITCOIN DOMINANCE NOT LOOKS GOOD! BE CAREFUL WITH YOUR ALTS!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC Dominance update. Bitcoin dominance is inversely proportional to altcoins means when BTC .D increases Alts starts dumping and when BTC .D dumping, Alts starts pumping.
As of now, BTC dominance is not looking good. It already breaks out from the channel and pumps all the way to the 48.40 level. Now it came down to 45 levels and it looks like a perfect retest. After this retest, I'm expecting a pump-in dominance so with this pump we see a drop in Altcoins.
The next important resistance to dominance is at around the 52-54 level. So you can imagine if dominance pumps to 52-54 level then how hard Alts will dump. So be extra careful with your Alts until and unless we get back inside the channel.
Invalidation level:- If any 2-day candle closes below the 44.50 level then we entered again inside the channel and this bullish scenario of dominance will be invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Bitcoin (BTC) - June 18hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
Support: around 21475.02
The sections 13137.51-15916.68, 27033.35-29812.52, 46487.52-49266.69, and 60383.36-63162.53 are the sections that determine the trend.
Looking at the current location, the section 15916.68-27033.35 is the sidewalk section and the point 21475.02 is the middle point of the sidewalk section.
Therefore, the sidewalk section is divided into the lower sidewalk section (15916.68-21475.02) and the upper sidewalk section (21475.02-27033.35).
Therefore, it is important to find support near 21475.02.
If support is not found near 21475.02, it is likely to decline to the 13137.51-15916.68 section.
I would expect a rebound if it finds support near 21475.02, where the key is whether it can break through the uptrend line.
(1D chart)
It is necessary to check whether it can be supported in the section 19695.87-22487.41.
The next volatility period is around July 13th.
------------------------------------------------------------ ---------------
(12M Heikin Ashi chart: )
If the price falls below 27K and closes, it will turn into a downtrend in the long term.
(12M chart: )
Therefore, it must rise to the 27033.35-29812.52 section to continue the upward trend from a long-term perspective.
Therefore, I believe that the only trades that can be made at the present location are short-term trades.
Buying for the upcoming bull market will require you to take a significant risk.
Profiting from short-term trading also carries significant risks.
This is because if you miss the right time to sell, your losses may increase.
So, in this downtrend, it is necessary to conduct short-term transactions for the coins (tokens) you currently have and increase the number of coins (tokens) corresponding to profits.
It is a method to increase the number of coins (tokens) corresponding to profits by purchasing the investment in approximately 10 divisions and when the price rises, by selling the purchase principal (+transaction fee X 2) for each purchase unit price.
To do this, you need to have cash in advance.
If you do not have cash, you must sell first when the price rises, so if you are not familiar with short-term trading, you may experience double losses.
If you sell first, you will feel psychologically anxious, and you will not be able to overcome the fluctuations in the price and you will incur a loss.
However, the current location is a good price point.
If you don't trade at these price points, you're missing out.
You must increase the coins (tokens) you have by trading.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
#ETH/USDT 1HR CHART UPDATE !!Hello, community members welcome to another ETH/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see in the above-mentioned chart that ETH is currently trading inside the parallel channel and also following the lower mid-trend line as support.
Currently, ETH is moving upside and trading just below the upper trend line.
Now, if ETH breaks above, it can trade above and move upside towards the price level of $1300.
Rejection from this level will lead ETH again towards its lowest price level which can be $900.
MACD also printed a bullish cross-over.
Let’s see how ETH performs in the upcoming hours.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
BITCOIN DOMINANCE SAYS: 'Might be a Good Weekend'Bitcoin dominance price at resistance and this might give altcoins a relief rally.. a much needed relief rally to say the east as the market has taken such a beating.
Nasdaq has risen today, bitcoin hasn't, alts are doing better but a much bigegr correction could be next..
Let's see how this weekend plays out.
One Love,
the FXPROFESSOR
BTCDOMUSDTPERPas i said before if the price breaks the critical area and goes above it we could temporarily exit the market
now its done and btcdom goes to retrace a little
if it happen to break the critical area again, its the time to enter the market but if the retrace ends in this point as i prefer i will wait for a good retrace in the market i mentioned in btc chart it would be ok if we have a short final retrace on bitcoin. at this point i recommend no trading. wait and watch the market
goodluck
Bitcoin (BTC) - June 17hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
There is a possibility of a consolidation based on the 21481.1 point.
This consolidation is expected to occur between 19424.9 and the uptrend line.
Therefore, the key is whether there is movement out of the sideways section.
The next volatility period is around July 16th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
We need to see if we can move above 21481.1 as we move along the downtrend line.
If not, you should see if you can find support near 19424.9.
Point 21481.1 is the midpoint of the section 15908.2-27054.1, which is a sidewalk section.
So, there is nothing you can do at your current location.
However, it is possible to increase the number of coins corresponding to profits through short-term transactions.
-------------------------------------
When BTC price plummets or soars, BTC dominance rises most of the time.
I think this is a phenomenon that occurs as funds are concentrated towards BTC.
Therefore, the coin market is led by BTC to determine the trend.
However, looking at the current movement, BTC Dominance (BTC.D) is falling.
I think this means that the decline of BTC is not leading the market.
In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended.
When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge.
This surge is likely to move in the short term and requires careful trading.
As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend.
If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend.
So, we need to see if the USDT dominance can turn into a downtrend.
If the US 100 CFD (Nasdaq) futures chart fails to move higher than 11371.9, it is likely to move towards the 10472.7 area, so trade cautiously.
As institutional investors in the US and around the world continue to launch investment products, the BTC price chart tends to follow the index charts in the stock market.
However, if you trade by looking at the movement of the index chart of the stock market and predicting the movement of the BTC price chart, you can make a big mistake at the crucial moment, so be careful.
The coin market is expected to start bullish when it starts to decouple from the stock market's index chart.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
IOST/BTC 1d Chart AnalysisIOSTIBTC 1d Chart Analysis
Still In Support
Friends....
Nothing to say about IOST just booM
MACD also Bullish Crossover &
RSI also showing Bullish
Entry, SL & Target in chart
I hope guys you understand this analysis
Me & my team trying to best analysis for you friends
~~Best of Luck~~
!! Thank You My Team !!
(Not Financial Advice)
COTIBTC 1W UPDATE show your patienceCOTIBTC 1W UPDATE
COTIBTC Weekly still in Strong support
Big Big opportunity BooOOmmMM
Entry, Target & SL in Chart
Show your Hodl power ...
#BTC movement
Guy's Don't Forget to put SL in your Trade in this Market movement
I hope friends you understand my analysis.
Me & my Team trying to best analysis for you Friends.
~~Please Support Friends~~
(Not Financial Advice)
~~Best Of Luck~~
!! Thank You My Team !!
#BTC/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
#BTC UPDATE:)
BTC makes this descending channel pattern in a daily time frame, currently holding above the lower support of this channel so we can expect a bounce from here up to the upper resistance of this channel. . RSI is in the oversold region, showing hidden bullish divergence.
If it breaks the lower support then the chart will be invalided.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
BTC.D can drop to 43%#BTCD
Bitcoin Dominance reached almost long term resistance and rejected.
🐻 it can drop to support zone around 43%, which is a bullish sign for #BTC and #ALTs
break down from 42.5% can drop it more to long term support zone and descending support, that give us great opportunity to make profit from #ALTCOINS.
🐮 if bitcoin dominance reject from support of 43% it will head up to long term resistance again and cause more drop for $BTC.
Bitcoin (BTC) - June 16hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
Support: around 21475.02
The sections 13137.51-15916.68, 27033.35-29812.52, 46487.52-49266.69, and 60383.36-63162.53 are the sections that determine the trend.
Looking at the current location, the section 15916.68-27033.35 is the sidewalk section and the point 21475.02 is the middle point of the sidewalk section.
Therefore, the sidewalk section is divided into the lower sidewalk section (15916.68-21475.02) and the upper sidewalk section (21475.02-27033.35).
Therefore, it is important to find support near 21475.02.
If support is not found near 21475.02, there is a possibility of a decline towards the 13137.51-15916.68 section.
I would expect a rebound if it finds support near 21475.02, where the key is whether it can break through the uptrend line.
(1D chart)
You need to make sure it can be supported on 21475.02 or higher.
You should also check to see if you can move above the uptrend line.
The next volatility period is around July 13th.
Once the BTC price stops falling and starts to go sideways, altcoins are expected to surge.
This is because BTC dominance is showing a downward trend.
You need to think about whether you can increase the number of coins (tokens) you hold with short-term trading.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Bitcoin (BTC) - June 15hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
There is a possibility of a consolidation based on the 21481.1 point.
This consolidation is expected to occur between 19424.9 and the uptrend line.
The next volatility period is around July 16th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Points 27054.1, 28951.7, 29840.6, 30971.3, and 32275.6 are important points.
The sections 21481.1-22000.0 and 23050.0-23722.8 are expected to form support and resistance sections.
So, you need to check which direction you are deviating within this interval.
If it falls to the vicinity of 19424.9, it is necessary to check whether it rises with a sharp movement.
-------------------------------------
When BTC price plummets or surges, BTC dominance rises most of the time.
I think this is a phenomenon that occurs as funds are concentrated towards BTC.
Therefore, the coin market is led by BTC to determine the trend.
However, looking at the current movement, BTC Dominance (BTC.D) is falling.
I think this means that the decline of BTC is not leading the market.
In reality, all coins (tokens) are showing a lot of decline, but you can see that the price of altcoins is being defended.
When the BTC price stops falling and shows a sideways trend, it is expected that altcoins, which are defending the price, will surge.
This surge is likely to move in the short term and requires careful trading.
As USDT Dominance (USDT.D) is rising, we can see that the coin market as a whole is showing a downward trend.
If the USDT dominance declines, it is likely that the coin market as a whole is more likely to show an upward trend.
So, we need to see if the USDT dominance can turn into a downtrend.
If the US 100 CFD (Nasdaq) futures chart fails to move higher than 11371.9, it is likely to move towards the 10472.7 area, so trade with caution.
As institutional investors in the US and around the world continue to launch investment products, the BTC price chart tends to follow the index charts in the stock market.
However, if you trade by looking at the movement of the index chart of the stock market and predicting the movement of the BTC price chart, you can make a big mistake at the crucial moment, so be careful.
The coin market is expected to start bullish when it starts to decouple from the stock market's index chart.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
#BTC/USDT DAILY CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see from the above-mentioned chart that BTC is on the way to printing its other low.
Bitcoin has Been Consolidating in Descending channel pattern for the last 244 days.
if BTC is able to sustain and holds this lower trend line again then we can see a fast recovery towards the price level of $34k which is the price zone at the upper trend line resistance.
The candle close below will lead BTC to print another low which can be $12k - $18k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Must read BTC IMPORTANT WEEKLY UPDATE !!As we can see in the chart mentioned above that BTC is currently trading one support of green MA.
If we consider the past and do some backtesting then it is clearly evident that BTC holds the green MA very well but it always moves downside to touch the lower trend line support, so here I am expecting a wick off from the lower trend line support and rally to print a new ATH.
Whenever BTC bounced from the lower trend line support it printed new ATH.
At the top of this chart, BTC also printed a double top pattern and a triple top is likely in the upcoming days.
In another scenario, if BTC breaks below the lower trend line, this chart will be invalidated.
Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits.
Thank you
#BTC/USDT DAILY CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As I mentioned in my previous chart BTC moved downside by 23%.
Now BTC heading towards the lower support level of $18k-$19k which is also a previous ATH.
Now BTC is almost 19% above the crucial support level.
Many things have been changed now, BTC never retested its previous ATH now it's almost there to retest its previous high.
BTC also following the lower trend line support and which is also
Connecting at the price range between $18k - $19k.
A quick bounce is likely in the upcoming days after a sharp wick-off at the price level of $18k.
A bounce from the support level can lead BTC again to print a new high, a candle close below the lower support will drop down BTC to a price level of $12k.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Altcoins are putting in a MAJOR bottom here pretty sure. I yelled at everyone Jan 2021 that we're about to have an altseason and I'm seeing the same again hard as it is to believe. Ignore the news and sentiment and follow the charts. It's the part of the cycle where everyone hates on alts and says BTC is the only thing to hold, that's where you want to buy/hold through it. Pretty sure things are about to get exciting.
BTC Bitcoin: 200MA and Fibonacci RetracementHello friends, today you can review the technical analysis on the 1W chart for Bitcoin (BTCUSD).
Many people all around us are predicting that the crypto market will rebound and though I want to be optimistic, I have to be realistic because too many people bought crypto at high prices unlike some of these people on YouTube that bought under $500 so for them it's a different story. Simply said, be realistic about bitcoin and the markets.
1) Bitcoin price is shown from the beginning of when it was traded on the Coinbase exchange as noted in the chart on a 1W basis.
2) CryptoPickk shows the Fibonacci Retracement focusing in on two price points.
3) The Fibonacci level at 0.236 at $16.5K is close to the 200 MA (moving average) which is at $18K.
4) Lastly the prior all time high was around $20K.
5) That entire area as shown in the yellow rectangular box may be the area where price may get supported in case we are really in a bear market for Bitcoin and other cryptos.
6) Keep an eye on the RSI (relative strength index) which is very close to touching a multi-year trendline. If it bounces off of it, that would be amazing. If it goes below, it could get really bad.
7) These are the times to be a bit cautious and if you want to buy the dip, consider the downside potential.
8) Noted below are a few articles on why CryptoPickk believes the markets could drop further:
a) www.reuters.com
b) www.reuters.com
c) www.reuters.com
d) seekingalpha.com
It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bitcoin (BTC) - June 14hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: 27033.35-29812.52
Support: around 21475.02
The sections 13137.51-15916.68, 27033.35-29812.52, 46487.52-49266.69, and 60383.36-63162.53 are the sections that determine the trend.
Looking at the current location, the section 15916.68-27033.35 is the sideways section, and the point 21475.02 is the middle point of the sideways section.
Therefore, the sideways section is divided into the lower sideways section (15916.68-21475.02) and the upper sideways section (21475.02-27033.35).
Therefore, it is important to find support near 21475.02.
If support is not found near 21475.02, there is a possibility of a decline towards the 13137.51-15916.68 section.
I would expect a rebound if it finds support near 21475.02, where the key is whether it can break through the uptrend line.
(1D chart)
You need to make sure it can be supported on 21475.02 or higher.
You should also check to see if you can move above the uptrend line.
The next volatility period is around July 13th.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
BTCUSDT 1W UPDATEBTCUSDT 1W UPDATE
BTCUSDT Weekly support SMMA 200
If Hold SMMA200 & Bounce here so we see big pump in BTC, if not
then we see 11k this time Big Big Buy opportunity so..
This Time Wait & Watch
#BTC movement
Guy's Don't Forget to put SL in your Trade in this Market movement
I hope friends you understand my analysis.
Me & my Team trying to best analysis for you Friends.
~~Please Support Friends~~
(Not Financial Advice)
~~Best Of Luck~~
!! Thank You My Team !!
Analysis of the BTCUSDT price, BTC and USDT Dominance, Alcoins Today is a painful, but still important day for the crypto market.
Tonight, the price of BTCUSDT without special anomalous volumes updated the May minimum and now sets the current price minimum in 2022.
At the same time, this fall completely filled the GAP $23,800-26650 , which reminding out of myself since the end of December 2020, the mission is complete.
The price BTCUSD also broke the parabolic growth trend, which lasted more than 3.5 years. This is bad news.
The most positive option that is currently being viewed is the month of trading the BTCUSD price in the range of $24000-29000
If the price is kept there, then it is still possible of growth with fractal by mid-late November 2022. BTC price increases to $51000-52000
The negative scenario is a continuation of the decline and possibly even on larger volumes. The nearest BTCUSDT price support zones below are $20-21 thousand and $14-15k.
By the way, I wonder if The Block, Microstrategy, EL Salvador, Tesla they sold part of their BTC, which according to official data is already in the fall -20-40% or not?
Have you not encountered such information? Share in the comments.
Now all the capital on cryptomarket goes to USDT and cash, alts falls many times stronger than the price of Bitcoin
Therefore, the dominance of the USDT is growing abnormally.
If you will see that the dominance of the USDT has begun to fall, you can try to go a little into the altcoins.
Again, the fractal indicates that a mini-alts-season is possible until mid-late November 2022.
BTC.D's dominance has also reached a critical level. A drop in this figure may also allow ALTS to breathe fresh oxygen.
Ready for a healthy discussion in the comments
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