🐝 BTC SUNDAY UPDATE
Bitcoin keeps moving along the ascending resistance, trying to break it, but still doesn't have enough power to break it.
Unfortunately we need to survive this chop before going upwards. I would LONG Bitcoin again ONLY AFTER confident $71,600 breakout.
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🎗 By the way, Tether #USDT Treasury minted 3B USDT in just 3 days.
These funds were flowed into Binance ($614M), Bitfinex ($1.018B), Kraken ($824M), and Coinbase ($93M).
Usually such Tether inflows lead to the market pump. It must not happen exactly today though.
❗️Buying some #ORDI here!
The price landed on the historical (in 2024) support and consolidating there. Expecting a nice bounce from there.
Especially taking into account the heating narrative of the Bitcoin Blockchain ecosystem because of the coming Halving.
🐝 BTC UPDATE
Bitcoin doesn't want to give up. Currently the price is trying to break through the ascending resistance (that previously acted as a support level).
Want to remind you that the bullish state of mind worths coming back ONLY AFTER the breakout of $68,500. As for now we are in the flat-correction range ($59,000 - $68,500).
✍️ By the way, Bitcoin found a solid support at the MA40 on the 12H chart!
Can add on the chart as a good level to watch
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🦋 ETH UPDATE
Unfortunately Bitcoin ruined the fun party that started on Ethereum.
But still.
There are two levels you need to watch: $3050 and $3280. Both are good for buying.
If you want to a leveraged position, wait for the $3650 breakout. Opening LONG position makes sense only after that.
❗️Buying some #OP here!
Some days ago we took profits from Optimism purchase, now averaging our position (buying more) at the $3.15 for the amount of profits we took.
This is the ultimate support level that held the price since the beginning of 2024.
🚬 By the way, I still hold #DOGE
Entered a bit too early, but looking at the bigger picture it is nothing. Now sitting at the top support of $0.18, must bounce from there
🍟 TOTAL 3 UPDATE (MarketCap Excluding BTC & ETH)
After a massive growth that took place back in February and March, Altcoins also need some rest.
The Double Top was formed and helped in breaking the ascending trend line down. At the moment it consolidates below it.
What to expect? There are two strong support levels: $670B (-6%) and $630B (-12%). These levels, especially the upper one, have great chances to be reached.
It means about 5% - 7% dump on major Altcoins and 8% - 15% dump on smaller ones. Be ready to catch your favorites!
🐝 BTC UPDATE
Bitcoin decided going downwards instead of keep rushing upwards.
As I wrote yesterday, the breakout determines a further vector of price movement — it is bearish now.
Besides breaking the $68,500 support, Bitcoin also broke the ascending support down. Now it takes hold below.
Targets are $61,400 and $63,800. The main support for one is $59,200. Opened a SHORT on breakdown? Good. You can hold it now. As I said — I'm playing from BUY ONLY position. This dump just gives me an opportunity to buy more.
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Despite the fact that market is drained, we keep earning! Today we published a SHORT signal on #SOL in the Premium Klondike Channel. It started dumping along with the market, reached ALL targets and now printed +145% profit!
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📍 BTC DOMINANCE UPDATE
There is an ascending triangle on the Bitcoin Dominance chart. The index touched the 55% resistance two times already, the next approach might cause a breakout.
No doubts, there might be a pullback downwards to the ascending support, but it will be way smaller than it was in December 2023 or January 2024, as there is not much space left.
🔥 #DUEL reached 3/5 targets, printed 55% profit from our entry point!
Moved stop loss to the first target
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🧐 Remember Ordify? There are great news — the listing on exchanges was just announced!
Exchanges: Gate.io & MEXC
Date: 10th of April
Don't miss out!
👀 According to the Bitcoin Liquidation Heatmap on Binance, there is a bunch of liquidity located in the $71,000 - $72,000 range
We may expect a short squeeze to happen soon enough.
🧐 Do you remember our post about the cycles of freshly listed Altcoins?
There is a big listing happened today — #W (Wormhole). I expect this token to follow the same path as well.
❗️Buying some #KATA here!
The narrative is hyped - GameFI. There are active rumor about possible listing on T1 exchanges soon. Recently announced a bunch of strong partnerships, including one with #IMX (Immutable).
Now the price retesting the broken $0.0017 level, must bounce from there. Not a short-term trade, more of a mid-term here.
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🏁 #DUEL pumping, almost reached 2/5 targets, printed +32% profit so far!
Closed 1/3 of the trade here, stop loss moved slightly above the entry.
🙏 Also Made GOOD Profits from #SOL!
Yesterday we published a SHORT signal on #SOL in the Premium Klondike Channel. As you know, it dumped today and reached ALL our targets, we printed +125% profit from this one!
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- HIDDEN CHARTS for BITCOIN: https://youtu.be/FdL28fFc7cY?si=6njTOvytTgHg8RS_
- LONG-TERM INDICATORS: https://youtu.be/MTAnbxcnUdk?si=HGM5Ad3MXCxSyC66
- TOP 5 TRADING PATTERNS: https://youtu.be/F3v0pGuJd34?si=KaTxb1sOiTwcKUo7
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❗️Buying some #DUEL here!
The price has formed a Cup & Handle on the 1D chart. Consolidating above the crucial resistance level.