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.

Bitcoin Hash Rate reaching new all time highs.

The demand to mine BTC is relentless and thus the network is more secure than ever before.

NAV/BTC
Navcoin, launched in 2014, is an open-sourced digital currency offering fast and reliable payments with innovative technological and privacy features.

Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: 480-570-675-785

NAV is ready to take off 🚀

#SAND Analysis :

#SAND recently took a stronf rejection from a resistance level around $2.41 - $2.45. Price also broke the uptrend channel pattern as #BTC massive crashed. There's isn't any strong support for a bounce, so better wait for confirmation. Around, $2.00 can be obstacle for it.

Bitcoin broke the $37,000 support level and now things look bad. The next support is $34,000-$34,300 area on a daily time frame. The local support is $35,500-$36,000 area and BTC needs to bounce from here towards the $38,500-$39,000 level. Keep tight stop loss in all trades as the market is looking bearish.

#FIL reversed as the #BTC dumps hard and took our trade out of breakeven. Now price broke below the support area of $14.00 - $14.20, which is resistance now. Right now, price retesting it and a new lower low is expected.

AION/BTC
Aion is the token used to secure and access The Open Application Network (OAN). Launched in 2018 in Canada, The OAN is a public network available to everyone.

Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: 220-260-320-375-400