#BTC nearly came around $37,000 as said and whole market is red now. Price nearly tested the supporting down trendline. Now a pullback is expected till $39,400 and this will continue unless it breaks the pattern

#LUNA dropped till the support as mentioned and buyer gaining some momentum. I hope you bought the drop and right now trade is running near Breakeven. Hodl this trade with stops below support. Target will be $81.3 and higher.

#SUSHI dropped till the $2.75 support area as expected. Momentum were pretty aggressive that it reached the next strong support level around $2.30 - $2.50. Price will take a little retracement from here but still buys in it unless it flips any major structure.

#ZIL Analysis :

#ZIL heavily trendling down aftee the massive shoot up due to fundamental news in #ZIL. Price is now approaching towards the major support level of $0.050 - $0.060. Short-term pullback is expected but overall price will dip this support and buys looks good there, so wait for it.

#BTC took a bounce near by the support trendline and moving up. Price is expected to reach till $39,000 - $40,000 again and a rejection can happen within that area. Price breaking above in this pattern, will create bullish sentiment.

#LUNA move around 5.5% in profits from the entry and if you bought little lower then it will be around 7% - 8%. You can trail the stoploss with hourly swing points and hodl the trade. Tragets will be $85 and $88.

THETA analysis:

THETA broke the falling wedge pattern in a downward direction and now retesting the resistance line. We will see a continuation of the downward movement in the coming days. The resistance to break is the $2.60-$2.65 area and we will only see some bullish movement in THETA after that. New entries are risky here and stop loss is necessary.

Bitcoin moved as expected and tested the $39,000 resistance level. BTC is again rejected from the resistance trendline and now trading below it. BTC needs to break this pattern in an upward direction to get some positive momentum. The crucial support is $37,000 area and must break resistance is $40,000 area.

ETH analysis:

ETH is trading in the falling wedge pattern and now trying to break above it. ETH is rejected multiple times from the resistance line. A break and candle close above $2900 is bullish. If ETH is rejected from here again then we see a test of the $2650-$2700 resistance area.

The Dollar Index (DXY) gives an upward rally and global markets hit hard. There is a possible double top pattern which is a trend-changing pattern. We may see downward movement in DXY towards the 100.60-100.89 support area and this will trigger an upward move in Bitcoin and all global markets. If DXY daily candle closes above 103.70 then the double top pattern is invalid and we see more sell-off in markets.

Educational Post:

What is trading volume?

Crypto trading volume measures how many times a coin changes hands over a given time frame.

Volume is an extremely important indicator for traders to determine the future profitability of cryptocurrencies. Volume can show the direction and movement of the cryptocurrency as well as a prediction of future price and its demand.

A greater volume of cryptocurrency transactions leads to fair cryptocurrency prices and removes the chance of distorted pricing.

A low cryptocurrency exchange volume signals inefficient or low trades, as the asking prices of sellers fail to meet the bids of potential buyers.

Higher volume tends to translate to higher price stability and less volatility. Of course, times of extreme fear or greed might bring surges in volume and large price movements. But, in general, coins or assets that consistently have higher volume tend to have less volatility.

The TOTAL2 (altcoin marketcap) is testing the major support level. This is the last point of defense and must hold above it. A close below this is bearish and we see a heavy blood bath in altcoins. Use tight stop loss in all altcoin positions. You can also add some good altcoins with proper stop loss. We may see a bounce from here towards the $1.20 trillion resistance area.

FIL analysis:

FIL break the $17 level and dumped hard from there. FIL has now formed an asymmetric triangle and we will see a break of this triangle soon. If FIL breaks the triangle in an upward direction then we see a test of $17 resistance level. A break above $15 is bullish and you can open a long position with stop loss after that. If FIL breaks the symmetric triangle in a downward direction then we see a dump towards the $12 support level.

Bitcoin rejected from the resistance line and again trading in the wedge pattern. BTC is tightening the range and we will see a big move soon. A break in the upward direction is bullish and we see a move toward the $42,000 area. A break in downward direction is bearish and we see more dump in the market towards $35,000 levels. Keep tight stop loss in all trades.

BCH analysis:

BCH is now testing the major support of $260-$275 area. We will see a bounce from this level. The local resistance is $310 and $345 area and major resistance is $380-$400 area. You can add some BCH near the support area with tight stop loss.

FIL breaks the symmetric triangle in an upward direction and now trading above it. You can add some FIL here with a stop loss of below the $14 level. We may see a move towards $17 resistance now and this is the level where you can book profits.

LUNA chased the first target of $85 and now trading above it. We will see a test of $88 resistance, currently, LUNA trade is running in around 10% profit. You can increase your stop loss and hold this trade. If LUNA breaks above $88 then we see a move towards the $99-$100 area.

HNT analysis:

HNT is now testing the resistance of the $15.50-$15.70 area. HNT tried multiple times to break this level but failed. There is also a small uptrend line which worked as a support level. If HNT is again rejected from here then we see a dump towards $14 support area. If HNT breaks and holds above the $15.70 level then we see a rally towards the $20 major resistance level. Wait for a breakout for new entries.

Finally a breakout of the pattern. Bitcoin break the falling wedge pattern and now testing the $40,000 resistance level. We will see more upward movement if BTC break above $40,000 level. Bitcoin and global markets pumping because of the FED interest rate hike.

ETH break the falling wedge pattern and also retested the trendline. ETH is now trading above $2900 which is a good sign. The next resistance is the $3100-$3150 area and we will see a move towards this in the coming days. There is also a bull flag pattern formed which is a bullish pattern and a break above this will give a good rally.

#FIL moved around 7.38% after the breakout. I hope you added some positions and now running in profit. We recommend to move stops at breakeven and hodl the trade. $17.00 is the resistance and preferred targets for the trade.