Bitcoin dominance, 4h ChartSpotted falling wedge, however there are two conditions to take note of:
- If this pattern gets invalidated, i.e, pattern gets broken and continues to come down (BTC.D% keeps coming down)
- if bitcoin moves up, which will also mean that altcoins will move up
So far, Bitcoin has tested support 3 times on the 4h chart, Bitcoin should rise but given the fundamentals this time, we should wait for confirmation instead.
Btcdominance
🤖 #SENTIMENT- 30.08 🤖TLDR
In essence everything is pointing towards short term bear movement for the next 2-4 days and then potentially bull rally
USDT DOMINANCE
Hitting key resistance, overbought a bearish divergence and descending trendline. Equally a break out here would be huge but it is looking quite bearish which means money flow into BTC and Alts
ALT CAP EXCL. BTC & ETH
Playing out the last of a Head and shoulders pattern with the possible bottom in the next few days then could result in a big rally from there driving Alts up
BTC
Finishing off the last of a descending wedge over the next few days then possibel breakout on the cards
BTC DOMINANCE
We will likely see a bounce at the bottom of this channel now as a result of BTC pumping - this may leave Alts a little stagnant but they will follow.
#BTC/USDT 4HOUR 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.
BITCOIN UPDATE:-
Hello Friends As I mentioned in the last update and we are expecting BTC to bounce from $19550 20MA is pumping continuously we can expect if BTC from here to $21K $21.5K
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⚡️BTC DAILY UPDATE⚡️As BTC broke below the significant lower trend line support and it's forming a scary picture currently from the bulls' perspective.
Here bulls need to take charge and we need a daily close above the lower trend line resistance to grow above the price level of $25k.
If the Current candle closes below the resistance level then it can move down again towards the lower price level of $18500 which is also a support zone and it needs to hold it.
Let’s see how it goes in the upcoming hours and whether it will be able to move upside down or not.
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#BITCOIN DOMINANCE 2DAY UPFDATE !!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.D UPDATE:-
BTC dominance breakdown horizontal resistance retested successfully and currently moving towards its demand zone. As BTC.D is bearish and BTC is showing sideways behavior, that would be a bullish sign for ALTS, if BTC moves sideways or move upward.
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#BTC/USDT 4 HOUR 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.
BITCOIN UPDATE:-
4-hour chart, the price has recently broken down a rising wedge pattern (textbook bearish). However, it is expected that BTC will form a pullback and retest the lower boundary of the wedge, approximately $21K, to confirm the breakdown.
The current bullish divergence between the price and the RSI indicator demonstrates the concept. Considering the divergence and the essence of forming a pullback, the price will likely experience a short-term correction towards the $21K level before a possible bearish continuation towards the mentioned $18K support.
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The Zigzags of DominanceThe bitcoin dominance graph looks very strange.
I think the reason for that is that a huge number of hands bought Ether hoping that Ether 2.0 itself would immediately pump up its price.
That's why everything looks so unnatural, it's hard to predict anything. We have a candle and some divergence. It should start to rise.
#BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!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.
BITCOIN UPDATE :-
BTC is currently in support but once support breaks from here BTC could drop to $19000 to $18800, main strong support for BTC is between $18800 to $19300, if it drops evenly We are back once again and can see any $17500 otherwise if BTC bounces from here BTC might bounce around 30% from here
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💥Total Market Cap last dive to $960B#TOTAL (Update)
With regard to my previous idea here
Total just showed us a very good confirmation by breaking the inner trendline (rising wedge support) and falling towards the outer trendline.
Therefore, I expect Total to dive down to $960B before the move upward.
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💥Crypto Total Market cap - Pump or Dump?#CRYPTO (Update)
Price got rejected at 1.176T and it’s approaching a weak trendline which can make the market dump.
Also, price can pump and break 1.23T zone and continue to rise.
Let’s wait and see how market will play out.
In the meantime, kindly share your opinion in the comment section about what we should expect this week, a pump or dump?✍️
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#BTC/USDT 1Hr 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 1-Hour Chart
BTC expects btc to bounce from the lower trend line in 1 hour because whenever btc bounces from its lower trend line it is around 3.25% pump and btc price is $21880. We can see you stay with us and close the trend line downside candle after the lower trend line $21100 break and my chart is invalid thanks
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#BTC/USDT 4HOUR 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 4 Hour Chart
BTC is consolidating in an ascending triangle. As we see strength from both bulls and bears, BTC is currently trading above the point of control level.
This is a very crucial level and we've to wait for a breakout with a retest to confirm a bullish move, while a sustained breakdown of the POC level would target the horizontal support.
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.
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BTC/USDT 4HOUR UPDATEHello 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 Hour Chart
The continuation correction wedge pattern is more evident in the 4-hour chart. The price was recently knocked back from the upper trendline and has fallen to the lower boundary of the wedge. There are no signs of strength in the price action showing.
However, each expansion move accompanies continuation corrections. The 61.8% level of the Fibonacci indicator is currently located at approximately $22.5K. As a result, the price might form a pullback to the 61.8% Fib level and begin the next bearish rally.
Nonetheless, there are three critical points to watch; the $21K and the $18K levels, which would provide significant support to the price, and the $22.5K resistance level. This is the main barrier for Bitcoin in the $20K-$25K price range.
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.
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Bitcoin Technical Analysis:-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:-
Bitcoin (BTC) continued to trade above $21,000 during Wednesday’s session, as markets consolidated following recent declines.
On Monday, BTC/USD slipped to a low of $20,955.14, however prices have since rebounded trading higher for the past two days.
Wednesday saw bitcoin hit an intraday high of $21,646.20, which is marginally above the current resistance point of $21,600.
Following the brief breakout of the ceiling, prices have since dropped, with BTC trading at $21,481.52 as of writing.
Earlier gains have eased as bulls opted to secure previous profits, opposed to maintaining their positions close to the point of uncertainty.
Overall, it appears that bitcoin bulls are aiming to recapture the $22,000 point, however they must first overcome this current resistance.
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.
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#BTC/USDT 1HOUR 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 is trading in $21k-$21.6k. It is still trading inside the flag pattern. For an upside rally, the bulls should break the $21.6k level and close above. Any close below $20.8k and the bears will take full control.
Let's see how the price will react in the next few hours. We will keep you updated.
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.
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#BITCOIN 4Hr 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 4Hr UPDATE:-
RSI is turning bullish, so from here we can expect BTC to target $21.6k Thanks.
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.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
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⚡️BTC 4HR CHART UPDATE⚡️Hello, traders welcome you all to this BTC quick chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As we can see in the above-mentioned chart that BTC was unable to hold the lower trend line support of a channel and broke down.
In the current scenario, it is clearly visible that BTC retested the lower trend line support to become resistant multiple times, which is the signal for down fall as we all know.
Currently, BTC is trading and holding the green support level at price level of $21k and it bounces every time from this level .
Here we can see some green candles towards the lower trend line resistance and break above in upcoming hours and this can be the possible low for now.
Lets see how it PA performers in upcoming hours.
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If you have anything to ask about this analysis you can ask in the comment section.
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.
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#BTC/USD 4Hr ANALIYSIS !!BTC 4Hr UPDATE:-
Hello Friends Welcome to BTC 4 Hour Update As we are seeing the crossover of MACD happening and bullish diversion forming in RSI so from here we can expect BTC to target $22k to $22.5k Thanks
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.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.