Crypto Classics (VIP)
📍Current BTC update:📍
✅ Bitcoin: So, in the last overview, the tactics of selling at new low, or buying at new high or reversal zones was shown. For those who is for the first time with us, we will explain that a point or a reversal zone is the price of an asset where a strong movement in one or another direction is most likely to start. If the breakout goes down, then we open a short position, and if there is a sharp pullback above the given zone or point after this, then we close a short and open a long position. The stop in this case is absent as the system is reverse. It means that we broke through the price of 9,800 dollars downward and fell by 10%. We opened the position even earlier after seeing certain signs of a possible price breakout. This is such a trick that comes with experience.
We have saved ourselves from a difficult decision. The point is that a lot of market participants, especially non-professional ones, like to sell or buy only after the breakout. Sometimes, that is right, but not in this case. Only with experience, you learn to evaluate charts not locally, but globally. The fact is that starting from 12,800 dollars, we fell strongly enough without any significant corrections. The level breakout of 9,800 dollars looked like culmination rather than the beginning of a move. Therefore, it is important to see the whole picture beforehand. The price on the chart will not fall forever and the rebound will happen anyway. The only question is when and what to do if you have just opened a position, realizing that a strong level has been broken through, and the price has gone against you. That's why we opened the position in advance, expecting a strong breakdown.
Now the price simply returned below the level of $ 9,800 and formed an intermediate unloading zone. If we look at the chart (below the denoscription), then we see the clear downward channel with definite zones. The breakthrough of this channel upward will not always mean a turning point. The day before yesterday there was a strong breakdown of the level of $ 9,800. If yesterday the price had strongly rebounded and returned above $ 9,800, this would have meant the end of the correction, and one could safely buy. However, yesterday was notable for the sluggish growth to the strong level, which tells us about the weakness of the buyer and the lack of strength to complete the correction.
We assume that the price may test the new level of support of $ 9,060 dollars and maybe not even reach it, then after accumulating enough position, it might break through $ 9,800. There is another growth scenario. We sharply break through $ 9,800 with one strong two-hour candle and fix a couple of hours higher. But, it is also worth considering a negative scenario. This is when we stand below this level and break down below 9,060 dollars. This will mean the continuation of the global correction. How do we understand that this is the continuation of the c, and not a reversal? To do this, we need to wait for at least one fairly strong rebound. If it does not develop into a new growth of Bitcoin, then this is a very sad sign, and the price is most likely to fall further, but in bear market this time.
At the moment, we are not opening a position yet. You very often have to wait in the market.For more advice, please contact: @nickyusuf
@
📍Current BTC update:📍
✅ Bitcoin: So, in the last overview, the tactics of selling at new low, or buying at new high or reversal zones was shown. For those who is for the first time with us, we will explain that a point or a reversal zone is the price of an asset where a strong movement in one or another direction is most likely to start. If the breakout goes down, then we open a short position, and if there is a sharp pullback above the given zone or point after this, then we close a short and open a long position. The stop in this case is absent as the system is reverse. It means that we broke through the price of 9,800 dollars downward and fell by 10%. We opened the position even earlier after seeing certain signs of a possible price breakout. This is such a trick that comes with experience.
We have saved ourselves from a difficult decision. The point is that a lot of market participants, especially non-professional ones, like to sell or buy only after the breakout. Sometimes, that is right, but not in this case. Only with experience, you learn to evaluate charts not locally, but globally. The fact is that starting from 12,800 dollars, we fell strongly enough without any significant corrections. The level breakout of 9,800 dollars looked like culmination rather than the beginning of a move. Therefore, it is important to see the whole picture beforehand. The price on the chart will not fall forever and the rebound will happen anyway. The only question is when and what to do if you have just opened a position, realizing that a strong level has been broken through, and the price has gone against you. That's why we opened the position in advance, expecting a strong breakdown.
Now the price simply returned below the level of $ 9,800 and formed an intermediate unloading zone. If we look at the chart (below the denoscription), then we see the clear downward channel with definite zones. The breakthrough of this channel upward will not always mean a turning point. The day before yesterday there was a strong breakdown of the level of $ 9,800. If yesterday the price had strongly rebounded and returned above $ 9,800, this would have meant the end of the correction, and one could safely buy. However, yesterday was notable for the sluggish growth to the strong level, which tells us about the weakness of the buyer and the lack of strength to complete the correction.
We assume that the price may test the new level of support of $ 9,060 dollars and maybe not even reach it, then after accumulating enough position, it might break through $ 9,800. There is another growth scenario. We sharply break through $ 9,800 with one strong two-hour candle and fix a couple of hours higher. But, it is also worth considering a negative scenario. This is when we stand below this level and break down below 9,060 dollars. This will mean the continuation of the global correction. How do we understand that this is the continuation of the c, and not a reversal? To do this, we need to wait for at least one fairly strong rebound. If it does not develop into a new growth of Bitcoin, then this is a very sad sign, and the price is most likely to fall further, but in bear market this time.
At the moment, we are not opening a position yet. You very often have to wait in the market.For more advice, please contact: @nickyusuf
@
Crypto Classics (VIP)
✅ Altcoins: If it suddenly seemed to you that altcoin gives a good entry point, then we advise you to view information about its metrics on https://coinmarketcap.com/If the capitalization of this crypto asset is not more than $ 10 million, and the average daily volume is less than 1,000 of Bitcoins, then we do not advise you to get into such a crypto asset. You will be able to easily take such a position, but it will be really difficult to get out of it. Especially if you have got quite a big deposit. Especially if you have to close the position by stop. And, to trade altcoins now for long term is akin to roulette. In general, we do not recommend trading something rather than top 5 by capitalization, according to https://coinmarketcap.com/while there is a weakness not only in the entire market, but also in Bitcoin.
At the moment, a lot of altcoins have substantially fallen and may give good bases for accumulation. We are waiting for the recurrence of the winter situation in altcoins. Then some coins just did not fall for a long time, several months. When Bitcoin broke through the level of $ 4,000, there was also a growth of altcoins. If suddenly you really want to trade the altcoins, then we advise you to take positions in these vey situations and allocate not more than 5% of your entire deposit for these trades. Globally, the situation has not changed, and the capital will continue to flow into the altcoins. However, there may be a rebound which everyone likes to take for bull rally.
Bitcoin's dominance decreased by 1.3% and currently makes up 65.4%. We could expect it since nothing lasts forever, even the growth of Bitcoin dominance. But we still do not recommend entering the altcoin market. If there are any interesting recommendations, we will give them.For more advice, please contact: @nickyusuf
@
✅ Altcoins: If it suddenly seemed to you that altcoin gives a good entry point, then we advise you to view information about its metrics on https://coinmarketcap.com/If the capitalization of this crypto asset is not more than $ 10 million, and the average daily volume is less than 1,000 of Bitcoins, then we do not advise you to get into such a crypto asset. You will be able to easily take such a position, but it will be really difficult to get out of it. Especially if you have got quite a big deposit. Especially if you have to close the position by stop. And, to trade altcoins now for long term is akin to roulette. In general, we do not recommend trading something rather than top 5 by capitalization, according to https://coinmarketcap.com/while there is a weakness not only in the entire market, but also in Bitcoin.
At the moment, a lot of altcoins have substantially fallen and may give good bases for accumulation. We are waiting for the recurrence of the winter situation in altcoins. Then some coins just did not fall for a long time, several months. When Bitcoin broke through the level of $ 4,000, there was also a growth of altcoins. If suddenly you really want to trade the altcoins, then we advise you to take positions in these vey situations and allocate not more than 5% of your entire deposit for these trades. Globally, the situation has not changed, and the capital will continue to flow into the altcoins. However, there may be a rebound which everyone likes to take for bull rally.
Bitcoin's dominance decreased by 1.3% and currently makes up 65.4%. We could expect it since nothing lasts forever, even the growth of Bitcoin dominance. But we still do not recommend entering the altcoin market. If there are any interesting recommendations, we will give them.For more advice, please contact: @nickyusuf
@
Telegram
Crypto Classics (VIP)
We're professional traders that come from traditional market. For more consultancy, please contact to: @nickyusuf
https://www.tradingview.com/u/Garry_MyT/
https://www.tradingview.com/u/Garry_MyT/
Crypto Classics (VIP)
from Crypto Classics (VIP)
📍Current BTC update:📍
✅ Bitcoin: So, in the last overview, the tactics of selling at new low, or buying at new high or reversal zones was shown. For those who is for the first time with us, we will explain that a point or a reversal zone is the price of an asset where a strong movement in one or another direction is most likely to start. If the breakout goes down, then we open a short position, and if there is a sharp pullback above the given zone or point after this, then we close a short and open a long position. The stop in this case is absent as the system is reverse. It means that we broke through the price of 9,800 dollars downward and fell by 10%. We opened the position even earlier after seeing certain signs of a possible price breakout. This is such a trick that comes with experience.
We have saved ourselves from a difficult decision. The point is that a lot of market participants, especially non-professional ones, like to sell or buy only after the breakout. Sometimes, that is right, but not in this case. Only with experience, you learn to evaluate charts not locally, but globally. The fact is that starting from 12,800 dollars, we fell strongly enough without any significant corrections. The level breakout of 9,800 dollars looked like culmination rather than the beginning of a move. Therefore, it is important to see the whole picture beforehand. The price on the chart will not fall forever and the rebound will happen anyway. The only question is when and what to do if you have just opened a position, realizing that a strong level has been broken through, and the price has gone against you. That's why we opened the position in advance, expecting a strong breakdown.
Now the price simply returned below the level of $ 9,800 and formed an intermediate unloading zone. If we look at the chart (below the denoscription), then we see the clear downward channel with definite zones. The breakthrough of this channel upward will not always mean a turning point. The day before yesterday there was a strong breakdown of the level of $ 9,800. If yesterday the price had strongly rebounded and returned above $ 9,800, this would have meant the end of the correction, and one could safely buy. However, yesterday was notable for the sluggish growth to the strong level, which tells us about the weakness of the buyer and the lack of strength to complete the correction.
We assume that the price may test the new level of support of $ 9,060 dollars and maybe not even reach it, then after accumulating enough position, it might break through $ 9,800. There is another growth scenario. We sharply break through $ 9,800 with one strong two-hour candle and fix a couple of hours higher. But, it is also worth considering a negative scenario. This is when we stand below this level and break down below 9,060 dollars. This will mean the continuation of the global correction. How do we understand that this is the continuation of the c, and not a reversal? To do this, we need to wait for at least one fairly strong rebound. If it does not develop into a new growth of Bitcoin, then this is a very sad sign, and the price is most likely to fall further, but in bear market this time.
At the moment, we are not opening a position yet. You very often have to wait in the market.For more advice, please contact: @nickyusuf
@
from Crypto Classics (VIP)
📍Current BTC update:📍
✅ Bitcoin: So, in the last overview, the tactics of selling at new low, or buying at new high or reversal zones was shown. For those who is for the first time with us, we will explain that a point or a reversal zone is the price of an asset where a strong movement in one or another direction is most likely to start. If the breakout goes down, then we open a short position, and if there is a sharp pullback above the given zone or point after this, then we close a short and open a long position. The stop in this case is absent as the system is reverse. It means that we broke through the price of 9,800 dollars downward and fell by 10%. We opened the position even earlier after seeing certain signs of a possible price breakout. This is such a trick that comes with experience.
We have saved ourselves from a difficult decision. The point is that a lot of market participants, especially non-professional ones, like to sell or buy only after the breakout. Sometimes, that is right, but not in this case. Only with experience, you learn to evaluate charts not locally, but globally. The fact is that starting from 12,800 dollars, we fell strongly enough without any significant corrections. The level breakout of 9,800 dollars looked like culmination rather than the beginning of a move. Therefore, it is important to see the whole picture beforehand. The price on the chart will not fall forever and the rebound will happen anyway. The only question is when and what to do if you have just opened a position, realizing that a strong level has been broken through, and the price has gone against you. That's why we opened the position in advance, expecting a strong breakdown.
Now the price simply returned below the level of $ 9,800 and formed an intermediate unloading zone. If we look at the chart (below the denoscription), then we see the clear downward channel with definite zones. The breakthrough of this channel upward will not always mean a turning point. The day before yesterday there was a strong breakdown of the level of $ 9,800. If yesterday the price had strongly rebounded and returned above $ 9,800, this would have meant the end of the correction, and one could safely buy. However, yesterday was notable for the sluggish growth to the strong level, which tells us about the weakness of the buyer and the lack of strength to complete the correction.
We assume that the price may test the new level of support of $ 9,060 dollars and maybe not even reach it, then after accumulating enough position, it might break through $ 9,800. There is another growth scenario. We sharply break through $ 9,800 with one strong two-hour candle and fix a couple of hours higher. But, it is also worth considering a negative scenario. This is when we stand below this level and break down below 9,060 dollars. This will mean the continuation of the global correction. How do we understand that this is the continuation of the c, and not a reversal? To do this, we need to wait for at least one fairly strong rebound. If it does not develop into a new growth of Bitcoin, then this is a very sad sign, and the price is most likely to fall further, but in bear market this time.
At the moment, we are not opening a position yet. You very often have to wait in the market.For more advice, please contact: @nickyusuf
@
Crypto Classics (VIP)
from Crypto Classics (VIP)
✅ Altcoins: If it suddenly seemed to you that altcoin gives a good entry point, then we advise you to view information about its metrics on https://coinmarketcap.com/If the capitalization of this crypto asset is not more than $ 10 million, and the average daily volume is less than 1,000 of Bitcoins, then we do not advise you to get into such a crypto asset. You will be able to easily take such a position, but it will be really difficult to get out of it. Especially if you have got quite a big deposit. Especially if you have to close the position by stop. And, to trade altcoins now for long term is akin to roulette. In general, we do not recommend trading something rather than top 5 by capitalization, according to https://coinmarketcap.com/while there is a weakness not only in the entire market, but also in Bitcoin.
At the moment, a lot of altcoins have substantially fallen and may give good bases for accumulation. We are waiting for the recurrence of the winter situation in altcoins. Then some coins just did not fall for a long time, several months. When Bitcoin broke through the level of $ 4,000, there was also a growth of altcoins. If suddenly you really want to trade the altcoins, then we advise you to take positions in these vey situations and allocate not more than 5% of your entire deposit for these trades. Globally, the situation has not changed, and the capital will continue to flow into the altcoins. However, there may be a rebound which everyone likes to take for bull rally.
Bitcoin's dominance decreased by 1.3% and currently makes up 65.4%. We could expect it since nothing lasts forever, even the growth of Bitcoin dominance. But we still do not recommend entering the altcoin market. If there are any interesting recommendations, we will give them.For more advice, please contact: @nickyusuf
@
from Crypto Classics (VIP)
✅ Altcoins: If it suddenly seemed to you that altcoin gives a good entry point, then we advise you to view information about its metrics on https://coinmarketcap.com/If the capitalization of this crypto asset is not more than $ 10 million, and the average daily volume is less than 1,000 of Bitcoins, then we do not advise you to get into such a crypto asset. You will be able to easily take such a position, but it will be really difficult to get out of it. Especially if you have got quite a big deposit. Especially if you have to close the position by stop. And, to trade altcoins now for long term is akin to roulette. In general, we do not recommend trading something rather than top 5 by capitalization, according to https://coinmarketcap.com/while there is a weakness not only in the entire market, but also in Bitcoin.
At the moment, a lot of altcoins have substantially fallen and may give good bases for accumulation. We are waiting for the recurrence of the winter situation in altcoins. Then some coins just did not fall for a long time, several months. When Bitcoin broke through the level of $ 4,000, there was also a growth of altcoins. If suddenly you really want to trade the altcoins, then we advise you to take positions in these vey situations and allocate not more than 5% of your entire deposit for these trades. Globally, the situation has not changed, and the capital will continue to flow into the altcoins. However, there may be a rebound which everyone likes to take for bull rally.
Bitcoin's dominance decreased by 1.3% and currently makes up 65.4%. We could expect it since nothing lasts forever, even the growth of Bitcoin dominance. But we still do not recommend entering the altcoin market. If there are any interesting recommendations, we will give them.For more advice, please contact: @nickyusuf
@
Crypto Classics (VIP)
from Crypto Classics
🔔 Exchange: Binance 🔔
#BTC/USDT
Signal Type: long term
Trade Type trade: long position
Range open trade: 10 000 - 10 200
Ammount: 30% from deposit
Target:
1) 10 600
2) 11 200
Stop area: below 9 800For more advice, please contact: @nickyusuf
@
from Crypto Classics
🔔 Exchange: Binance 🔔
#BTC/USDT
Signal Type: long term
Trade Type trade: long position
Range open trade: 10 000 - 10 200
Ammount: 30% from deposit
Target:
1) 10 600
2) 11 200
Stop area: below 9 800For more advice, please contact: @nickyusuf
@
Crypto Classics Crypto Signals
Crypto Classics (VIP) from Crypto Classics For more advice, please contact: @nickyusuf @
Crypto Classics (VIP)
Since the first target was reached, the price has been trading in the range of 9,800 - 10,300 dollars. There is a retest of support levels. It is important to keep the stop below $ 9,800 since this is a reversal zone and if it breaks through, you can open a reverse short position.For more advice, please contact: @nickyusuf
@
Since the first target was reached, the price has been trading in the range of 9,800 - 10,300 dollars. There is a retest of support levels. It is important to keep the stop below $ 9,800 since this is a reversal zone and if it breaks through, you can open a reverse short position.For more advice, please contact: @nickyusuf
@
Crypto Classics (VIP)
📍Current BTC update:📍
✅ Bitcoin: Several days have passed since the last review, and nothing much has changed in the overall picture, but still, intermediate conclusions can be drawn. First, after the rebound, the price stood firm above a fairly strong support level of $ 9,800. Second, the price has been in the range of 10150 - 11050 dollars for several days, which is, in general, not bad.
This price pattern is very similar to the previous one with the drop from $ 13,900 to $ 9,800 (we will show it on the chart), but if you take a closer look, there are still differences. Last time, the price rebounded after the strong fall and slowly but surely grew, at the same time, the price does not particularly want to grow now. This tells us that there is a high probability that we will still fall, testing the support levels of 10,150 and 9,800 dollars. However, it is too early to sell. A good entry point to a short position will be the breakdown level of 10,300 dollars. In this situation, it is very important to place a hard stop and in case of that, quickly cover a position at a loss.
In our opinion, it is worthwhile to open a short position at this point just because if the price falls to the strong support level of 9,800 dollars, at this point, it is already extremely dangerous to open a position. To avoid making difficult decisions, the best entry to a position will be to get ahead of this. In general, everything moves as we expected.
✅ Altcoins: Still, they are not the best place for capital. Binance coin looks the strongest. He keeps very well. It is quite possible that a position entry point will be formed in it about which we will inform you. The rest is very weak. We expect the rebound because nothing can forever fall. Nevertheless, if suddenly there are good points for opening positions, we will also let you know.
Bitcoin domination is gradually decreasing and is already 62.5%. But this does not mean that capital is transferred to altcoins. The chart is bullish, and this decrease can be regarded as a correction, not more.For more advice, please contact: @nickyusuf
@
📍Current BTC update:📍
✅ Bitcoin: Several days have passed since the last review, and nothing much has changed in the overall picture, but still, intermediate conclusions can be drawn. First, after the rebound, the price stood firm above a fairly strong support level of $ 9,800. Second, the price has been in the range of 10150 - 11050 dollars for several days, which is, in general, not bad.
This price pattern is very similar to the previous one with the drop from $ 13,900 to $ 9,800 (we will show it on the chart), but if you take a closer look, there are still differences. Last time, the price rebounded after the strong fall and slowly but surely grew, at the same time, the price does not particularly want to grow now. This tells us that there is a high probability that we will still fall, testing the support levels of 10,150 and 9,800 dollars. However, it is too early to sell. A good entry point to a short position will be the breakdown level of 10,300 dollars. In this situation, it is very important to place a hard stop and in case of that, quickly cover a position at a loss.
In our opinion, it is worthwhile to open a short position at this point just because if the price falls to the strong support level of 9,800 dollars, at this point, it is already extremely dangerous to open a position. To avoid making difficult decisions, the best entry to a position will be to get ahead of this. In general, everything moves as we expected.
✅ Altcoins: Still, they are not the best place for capital. Binance coin looks the strongest. He keeps very well. It is quite possible that a position entry point will be formed in it about which we will inform you. The rest is very weak. We expect the rebound because nothing can forever fall. Nevertheless, if suddenly there are good points for opening positions, we will also let you know.
Bitcoin domination is gradually decreasing and is already 62.5%. But this does not mean that capital is transferred to altcoins. The chart is bullish, and this decrease can be regarded as a correction, not more.For more advice, please contact: @nickyusuf
@
Crypto Classics Crypto Signals
Crypto Classics (VIP) from Crypto Classics 🔔 Exchange: Binance 🔔 #BTC/USDT Signal Type: long term Trade Type trade: long position Range open trade: 10 000 - 10 200 Ammount: 30% from deposit Target: 1) 10 600 2) 11 200 Stop area: below 9 800For more…
Crypto Classics (VIP)
Covered all the rest position by the price 10 250$For more advice, please contact: @nickyusuf
@
Covered all the rest position by the price 10 250$For more advice, please contact: @nickyusuf
@
Crypto Classics (VIP)
🔔 Exchange: Binance (margin)🔔
#BTC/USDT
Signal Type: short term
Trade Type trade: short position
Range open trade: 10 200 - 10 300
Ammount: 30% from deposit
Target:
1) 10 000
2) 9 800
Stop area: above 10 400For more advice, please contact: @nickyusuf
@
🔔 Exchange: Binance (margin)🔔
#BTC/USDT
Signal Type: short term
Trade Type trade: short position
Range open trade: 10 200 - 10 300
Ammount: 30% from deposit
Target:
1) 10 000
2) 9 800
Stop area: above 10 400For more advice, please contact: @nickyusuf
@
Forwarded from Crypto Classics VIP | Futures
First target has been reached.
Crypto Classics Crypto Signals
Crypto Classics (VIP) 🔔 Exchange: Binance (margin)🔔 #BTC/USDT Signal Type: short term Trade Type trade: short position Range open trade: 10 200 - 10 300 Ammount: 30% from deposit Target: 1) 10 000 2) 9 800 Stop area: above 10 400For more advice, please…
Closed all the rest position. There is a good buyer
Forwarded from Crypto Classics VIP | Futures
🔔 Exchange: Binance (margin)🔔
#BTC/USDT
Signal Type: short term
Trade Type trade: short position
Range open trade: 9 800 - 9 700
Ammount: 30% from deposit
Target:
1) 9 500
2) 9 400
Stop area: above 9 900
#BTC/USDT
Signal Type: short term
Trade Type trade: short position
Range open trade: 9 800 - 9 700
Ammount: 30% from deposit
Target:
1) 9 500
2) 9 400
Stop area: above 9 900
Forwarded from Crypto Classics VIP | Futures
📍Current BTC update:📍
✅ Bitcoin: At the moment, we are viewing a rather interesting situation. Slowly but surely, the Bitcoin price is going down. The weakness of the buyer shows itself in the absence of continued growth after rebounds. The picture resembles the situation of the end of 2017 after a parabolic rise in the Bitcoin price to 20,000 dollars, and the same epic fall, only on a small scale.
At the moment, Bitcoin is trading below $ 10,000, and this is not a good sign. Can we say that we entered a bear market? Definitely, yes, but it is better to call it a correction. We have already written that you can call a market a fully bear one only when there is strong growth, and then a fall, but below the current quotes. And, there is no strong rise then. Nevertheless, the volumes lessened quite strongly. This is also a bad sign. We expect a reversal from the strong support levels of 9,800 and 9,050 dollars. In the moment, there may be panic sales after the breakdown of the level of $ 9,050.
However, it is even better as the buyer will be able to collect good liquidity. It is not a good idea to play with the buyer. There is always a risk of further decline. If the price drops much below $ 9,000, it will be a very disturbing sign. It is very difficult to predict a further development scenario, but it is obvious that for a new bull rally, it will be necessary to form a sufficiently large and strong accumulation zone that might last for three or more months.
In the meantime, there is still a hope that the price will reverse and go to hit the new maximum on volumes. Our last signal had to be covered only by the first goal. Now, opening short positions is quite dangerous, because the price is already so low. It is necessary to act very carefully, and in case of being wrong, we quickly cover a position.
Do not forget that we are still in a bull market, and it is very dangerous to trade against the trend. In general, we are biding our time. It is still early to buy, and it is already very dangerous to open a short position. Yet, for risky traders, we can make recommendations on short-term trades, although to be on the safe side, we recommend refraining from entering trades. Sometimes, the best thing you can do in the market is to be idle.
✅ Altcoins: Altcoins. Top 5 Altcoins move with the Bitcoin price. The good news is that the drop is not much stronger than that of Bitcoin itself. As soon as there is a good situation for the reversal of the market, it will be possible to try to buy strong altcoins. Now, we do not recommend taking anything else at all. Everything is too weak. Even Binance coin kept on dropping after the strong rebound.
Bitcoin dominance is not changing much and equals 64.5% at the current moment. The dynamics of the capital flow from Altcoins into Bitcoin has slowed down, but this still is not the end. It is early to transfer money to riskier assets than Bitcoin.
✅ Bitcoin: At the moment, we are viewing a rather interesting situation. Slowly but surely, the Bitcoin price is going down. The weakness of the buyer shows itself in the absence of continued growth after rebounds. The picture resembles the situation of the end of 2017 after a parabolic rise in the Bitcoin price to 20,000 dollars, and the same epic fall, only on a small scale.
At the moment, Bitcoin is trading below $ 10,000, and this is not a good sign. Can we say that we entered a bear market? Definitely, yes, but it is better to call it a correction. We have already written that you can call a market a fully bear one only when there is strong growth, and then a fall, but below the current quotes. And, there is no strong rise then. Nevertheless, the volumes lessened quite strongly. This is also a bad sign. We expect a reversal from the strong support levels of 9,800 and 9,050 dollars. In the moment, there may be panic sales after the breakdown of the level of $ 9,050.
However, it is even better as the buyer will be able to collect good liquidity. It is not a good idea to play with the buyer. There is always a risk of further decline. If the price drops much below $ 9,000, it will be a very disturbing sign. It is very difficult to predict a further development scenario, but it is obvious that for a new bull rally, it will be necessary to form a sufficiently large and strong accumulation zone that might last for three or more months.
In the meantime, there is still a hope that the price will reverse and go to hit the new maximum on volumes. Our last signal had to be covered only by the first goal. Now, opening short positions is quite dangerous, because the price is already so low. It is necessary to act very carefully, and in case of being wrong, we quickly cover a position.
Do not forget that we are still in a bull market, and it is very dangerous to trade against the trend. In general, we are biding our time. It is still early to buy, and it is already very dangerous to open a short position. Yet, for risky traders, we can make recommendations on short-term trades, although to be on the safe side, we recommend refraining from entering trades. Sometimes, the best thing you can do in the market is to be idle.
✅ Altcoins: Altcoins. Top 5 Altcoins move with the Bitcoin price. The good news is that the drop is not much stronger than that of Bitcoin itself. As soon as there is a good situation for the reversal of the market, it will be possible to try to buy strong altcoins. Now, we do not recommend taking anything else at all. Everything is too weak. Even Binance coin kept on dropping after the strong rebound.
Bitcoin dominance is not changing much and equals 64.5% at the current moment. The dynamics of the capital flow from Altcoins into Bitcoin has slowed down, but this still is not the end. It is early to transfer money to riskier assets than Bitcoin.