📍 #OTHERS UPDATE
Altcoin Dominance has pumped, market shows interest in altcoins again. However, not many people noticed a growth of their bags.
That's because many altcoins were bought during the recent dump. Whales were filling their bags. Altcoin Season is almost there.
🌞 #INJ GLOBAL UPDATE
The chart is quite easy to understand. Breakout of $6.8 resistance — bullish and a strong sign to buy.
You can also buy some here since the price is located right at the ascending trend line, but don’t invest too much.
🤏 Continuing the Altcoin Season topic…
Here is the OTHERS chart, it represents market capitalization exclude TOP 10 by market cap coins.
In another words — Altcoins
.
As you can see, it is forming a falling wedge and currently follows the descending support level.
We MUST see a bounce from there. Altcoin season must come this summer. All we need is to determine the narrative.
🐝 BTC UPDATE (LOCAL)
This is the 1H chart. The price formed a descending channel (bullish pattern) and a perfect 1-5 wave movement inside it.
The 5 point must be located higher. To complete this pattern, the price needs to break above the $27,000 resistance.
🔥 Karate Combat made astonishing results, as always!
At the peak point the price made x13 from the public round's price. Currently it trades in 250% profit. Nice gains!
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🦋❤️ ETH!
We entered a SHORT position once the support was broken downwards. At the moment printed +17% profit with x5 leverage.
Ethereum is heading downwards, as well as Bitcoin does.
We are going to spot-buy it in the $1670 - $1700 zone.
👀 Altcoin-Season Index has reached the bottom
All massive alt-seasons have started from such low points. Let's see if it works this time.
🦋 ETH UPDATE
As you can see, Ethereum is in process of breaking the $1840 support down. This asset have taught us that every move can be fake, however.. this down-candle looks very promising.
If we see a daily closure below this level, we will consider selling a part of Ethereum from our holdings.
🐝 BTC UPDATE — What Happened?
Firstly we got a positive CPI reports, the price pumped.
However, it was a fake move. Now the dump happened. Why? Because the U.S. Government dumped a bunch of BTC into the market and caused a massive red candle.
👉 I'm buying here. Yesterday I've told that we need to see a positive reaction on the $27,100 and we just did. Despite the massive sales, there were big purchases. More to say, massive buy orders were filled in the $26,800 - $27,000 zone. The dump was fully bought.
Taking into account the positive CPI report, we can conclude that the priority remains bullish.
The setup will be invalidated if we go below the $27,000 and take hold there.
🏁 #MATIC made +55% profit from our SHORT position opened on a support breakdown, keep holding.
Читать полностью…🐝 BTC UPDATE
The overall sentiment remains bullish as long as we stay above the $24,000 - $25,000 zone.
There are two places for buying: $27,100, BUT only if we see a positive reaction on this level. The main spot for buying is located in the $24k - $25k zone.
Expectations from Bitcoin are on the chart. Currently the market is experiencing a correction.
🏁 Meanwhile, #INJ printed +80% profit from our SHORT position. Stop loss remained in the breakeven zone.
Читать полностью…📍#MATIC UPDATE
The price has successfully broke the $1 support down, now taking hold below it.
Makes sense to open a SHORT position at this point, especially taking into account Bitcoin’s bearish condition.
🏁 #INJ dumped and we made +45% profit from the SHORT position with x5 leverage.
Closed 1/2 of the position, the rest is on hold with the SL in breakeven zone.
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📍 #BNB UPDATE
The chart is bullish. As you can see, it is ready to break through the $317 resistance level.
Moves inside a massive descending channel that MUST be broken upwards.
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📽️ Our Market Expectations on 2023-2024
We made a video where considered all the fundamental aspects including US economic situation and financial crisis probability, also considered Bitcoin Halving events and draw conclusions based on that information.
Make sure to watch: https://youtu.be/M-1FcUAYoTM
🐝 Bitcoin is perfectly follow our initial plan
The zone of the main interest is located in the $24,000 - $25,000 range.
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🐝 BTC UPDATE
More than 12 hours have passed since the dump happened, what do we have by now?
First of all, I decided to reduced by a half the amount of Bitcoins I bought yesterday, tiny profit printed.
Why?
We don't like how Ethereum looks here. Next post will be about it. Moreover, the price didn't engulf the $27,800 - $27,900 level we is not a good sign.
However, we still have the $27,100 support below the current price level. As long as it stays strong — we are safe.
Always keep in mind this scenario, it can happen easily.
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❗️Less than 1 hour remains before the CPI reports are live!
Be careful with high-leveraged positions.
🦋 ETH UPDATE
At the same time, Ethereum is the only reason why the dump of Bitcoin to the $25,000 zone is not 100% sure.
Ether is consolidating above the $1840 level for a long time, simultaneously forming an ascending trend line.
This level is so strong that it can prevent the dump of Bitcoin since Ethereum becomes stronger at this point.
This is why we are NOT SELLING, but looking for an entry point.
👀 By the way, there is still a gap above the current price level on Bitcoin Futures chart on CME exchange.
To fill it, the price needs to reach the $29,725 level. Bullish factor, but not necessarily for this week.
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So what actually happened with Bitcoin?
1. Bitcoin Ordinals updated BRC-20 network
2. A lot of tokens were created there and a lot of transactions provided
3. The network couldn't cope with all these transactions, so fees started to rise and mempool puffed up
4. Binance closed withdrawals, as standard transaction fee became too low
5. Dumbass users thought that Binance is trying to scam them and started to sell #BTC hard only to withdraw money from Binance
6. After Binance opened withdrawals again, a lot of people also withdrew ton of #BTC because they were scared
In a nutshell, Binance users dumped #BTC price hard because they don't understand how a blockchain works. Astonishing, isn't it?
🐝 BTC UPDATE
A new week has started. I wasn't very active over the recent three days as the market was just consolidating between the levels.
Today is Monday. What do we have?
A dump. As you can see, there is a bullish pennant and the price was been dragging down by the resistance of this pattern. It ended with a strong dump, sales are huge.
The key level for now is $28,000. If this level is broken downwards and the price takes hold below, then more likely we will see $25,000 - $27,000 zone in no time.
However, there is still an ascending support of the bullish pennant. We may expect a bounce from there, if $28,000 loses it.