Bitcoin dominance is now testing the major resistance area. A break above 49% will bring more bloodbath in altcoins. If Dominance is rejected from here then we see a test of 47% support level. Stay away from altcoins until BTC is stable in a range.

Withdrawals on Bitcoin (BTC) Network Temporarily Suspended

https://www.binance.com/en/support/announcement/8437dfd1c7bf49c2a4bf124bd03b0624

Withdrawals on Bitcoin (BTC) Network Resumed

https://www.binance.com/en/support/announcement/d312178e0fce43c9b8c457a31139f783

Global markets are under pressure and selling is going on. US stock market and Asian stock market hit hard today. Markets are dumping because FED is tightening the rates to control inflation. BTC made a low of $22,600 which is near the 200 weekly Moving Average (MA). This might be the possible bottom and we see a bounce from here. The resistance is now $25,000-$26,000 area and this is the key level to flip. Don't trade in a rush and let the market settle a bit.

📛Next target 18000 $ - 19000 $

📛هدف بعدی محدوده 18000 تا 19000 دلار

#btc
#bitcoin
#بیتکوین

Bitcoin reached the 2017 bull run high price. This is must hold point. A break below $20,000 will lead us towards $15,000-$16,000 area. The weekly RSI is at an all-time low and a bounce is a must from here. The resistance is $26,500-$27,000 on the weekly chart.

Educational Post:

What is a short squeeze?

A short squeeze happens when the price of an asset sharply increases due to a lot of short sellers being forced out of their positions.
Short sellers are betting that the price of an asset will decline. If the price rises instead, short positions start to amass an unrealized loss. As the price goes up, short sellers may be forced to close their positions.

This can occur via stop-loss triggers, liquidations (for margin and futures contracts). It can also happen simply because traders manually close their positions to avoid even greater losses.

So, how do short sellers close their positions? They buy. This is why a short squeeze results in a sharp price spike. As short sellers close their positions, a cascading effect of buy orders adds more fuel to the fire. As such, a short squeeze is typically accompanied by an equivalent spike in trading volume.

Here’s something else to consider. The larger the short interest is, the easier it is to trap short sellers and force them to close their positions. In other words, the more liquidity there is to trap, the greater the increase in volatility may be thanks to a short squeeze. In this sense, a short squeeze is a temporary increase in demand while a decrease in supply.

The opposite of a short squeeze is a long squeeze – though it’s less common. A long squeeze is a similar effect that happens when longs get trapped by cascading selling pressure, leading to a sharp downward price spike.

Bottom out Golden Call

#PHB on Binance

Targeting 200%🚀

https://www.binance.com/en/trade/PHB_BTC?layout=pro

#PHB

Up only!🚀🚀

#PHB Pumping hard!🚀✌️

What a PUMP on PHB🚀✌️

Our coin PHB can be witnessed in the top gainer list of binance with a whooping 60% spike from the bottom and volume reaching almost 50 BTC. The pump reached sky touching peaks gradually with no prepump or prebuying. An amazing outstanding job done by our giant whales so far🚀✅

We congratulate each and every person who made amazing profits from our Bottom out Golden Call. We are receiving a lot of messages by our members for another Bottom out Golden Call. So we will announce it anytime soon and we promise this one will be bigger than PHB. Stay tuned to avail 🚀💥

Happy trading😊

Bitcoin is unable to break the downtrend line on smaller timer frames. This shows a lack of strength in the market. The major support is $19,500-$20,000 area and there is a lot of liquidity in this zone. We may see range trading (sideways movement) for sometime before the next move. Wait for the market to settle in a range for new entries.

#BTC.D rejected from the major resistance level of 48.01% - 48.93%, which makes slightly relief in #altcoins. Right now, still this is not much to cover the pain, as #Bitcoin is still volatile at the moment, so price me moves either side aggresively. Wait for the opportunity.

The TOTAL marketcap is now testing the support of $810-$850 Billion area. The TOTAL marketcap broke the $1 trillion support and dumped hard. We will see some sideways movement now before the next move. A bounce is expected towards a $1 trillion resistance area of approximately 15% bounce from the current level. A break below the support of $810 billion is exceptionally bearish for the whole cryptocurrency market.

Bitcoin is able to break the downtrend line and this is good for the short term. The resistance on a smaller time frame is $23,000 and a break above this will open gates for the $25,000 level. There are chances that BTC now trade in the range before the next move. The major support is $19,500-$20,000 level. Don't FOMO and wait for new trades.

VIB/BTC

Viberate (VIB) is a cryptocurrency and operates on the Ethereum platform. Viberate team is developing revolutionary product for the music industry with WEB3.0 kicking in we can expect VIB can be the game changer in music industry.

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: 73-82-98-125 satoshi

#VIB at rock bottom, ready to pump hard 🚀

Just saying last time #VIB pumped +1200% from this rock bottom support zone😊

Expecting biggest pump in coming days🚀

VIB at historical support, Ready for monster green dildo 🚀

Educational Post:

What is Forex Trading?

Even if you don't trade forex yourself, the international currencies market often plays a significant role in your daily life. While the effects of a drop in the stock market aren't always so obvious, a change in your currency's value may affect the price of goods and services. If you've been abroad, you've also likely had to exchange your currency and pay a rate that depends on current forex quotes and rates.

Forex is a unique asset class that differs from stocks, commodities, and bonds. When we dive into what makes it different, it’s plain to see why there is such a large market and need for the truly global forex market. 

Forex or FX trading (from foreign exchange) is the purchasing and selling of sovereign currencies and other forex products. When exchanging currencies at a bank or bureau de change, the rates we find are determined directly by what happens in the forex market.

Exchange rate movements are based on a mixture of economic conditions, world events, interest rates, politics, and other factors. As a result, forex is highly liquid and has the largest trading volume compared to other financial markets. 

The forex market comprises two main activities: trading facilitating economic transactions and speculative trading. For companies and other entities operating in international markets, purchasing and selling foreign currencies are a must. Getting your funds back home or purchasing goods abroad is a key forex market use case.

Speculators make up the other side of FX trading. Short-term, high-volume trading that takes advantage of very small fluctuations in currency prices is common. Forex is a market full of arbitrage opportunities for speculators, in part explaining the vast trading volume in the market. 

ETH analysis:

ETH broke the key level of $1350-$1450 and dumped hard. This is the high of the previous bull run and the key level to flip. ETH is bearish below this level. The next major support is $900-$950 on the weekly chart. If ETH is able to flip the $1450 level then we see some positive movement in the market. The local resistance is $1200 area. Place your buy orders in a range of $900-$1050 and wait.

The TOTAL2 (altcoin marketcap) has reached the support of a $430-$465 billion area. Altcoins are trying to hold this level and bounce from here. We will see some sideways movement or accumulation near this support level. The resistance is $600-$650 billion area and we may see a test of this level in the coming days.