✅ Quick update:
So we completely absorbed the movement of the pump and returned and fell below the level of 7760 dollars. The next local support level is $ 7,400. At the moment, you need to be very careful. The price fell quietly from $ 9,000. A rebound is possible.

We are waiting for a reversal pattern and try to buy back with quick profit taking. However, if we stand here for several days and form a sell pattern, we will open a short speculative position. So far, practice shows that after such a movement there is a rollback in prices.

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#BTC/USD Take-Profit target 1 ✅
Profit: 8.5714% 📈
Period: 60 Hours 00 Minutes ⏰

📍Current BTC update:📍

✅ Bitcoin: A week has passed since the last review, and some conclusions can already be drawn. After a strong pump, prices from $ 7,400 to $ 10,600 market participants almost closed this pump and even the price went lower. This is what happens when someone tries to manipulate the market.

Growth was sharp and not harmonious, which in most cases means manipulation. After such movements, the price returns to the place. This proves our belief that it is impossible to manipulate the price of an asset in a free market for a long time. Until the money runs out. Further, market participants will return the price to fair current levels. What we observed during this month.

However, from a technical point of view, the trading market is so arranged that the price will not fall forever and you must definitely expect a good rebound, especially in the bear market.
To begin with, we are still holding a short position with an entry price of $ 11,300. Current speculative buy positions were opened only for the purpose of hedging the main short position. There were two attempts. The first failed and we did not take risks, and the second worked. Moreover, the second position was opened for most of the deposit, unlike the first. This is due to the fact that we saw more clear signals for a price reversal. We will describe these signals on the chart. At the moment, the price has already reached the first target and a third of the position is covered.

This tactic is due to the fact that the movement is retreating and it should not be big. Now we transfer the stop to the rest of the position at breakeven and in case of a price return, we will still close the profit. However, we think that the price can still rebound to $ 7,800 - $ 8,000. The nature of the movement and the market show us that after fairly even and large falls there is always a pullback. From $ 10,600, the price fell without a significant rollback to $ 6,600. Which is quite a lot.

Well, if the price forms a reversal pattern, but purchases will be immediately closed, and we will already work on the trend in short. Also, we do not discard the possibility of forming a new accumulation zone. In this case, we will return to the trading methodology of reversal points.

✅ Altcoins: The problem with the altcoin market is that they are too cyclical and in many respects depend on bitcoin. If we take the top 5 cryptocurrency by capitalization, then there is no particular difference from the movement of bitcoin. Bitcoin bounced even more than some. For these reasons, it makes no sense to trade them speculatively. Bitcoin only.

As for the rest of the market, all these pumps are nothing more than manipulations. The altcoin market is worth buying only when the growth dynamics of the dominance of Bitcoin change and when Bitcoin itself draws a reversal pattern and creates all the prerequisites for growth.

Do not forget. That our goal is not to guess the direction of the market, but to make money. At the moment, we recommend waiting for the completion of the correction and selling altcoins. Since they fall faster than bitcoin.

Regarding the altcoin market, we can say the following. Currently, about 90% of all charts have a downward trend, and only 10% have somehow grown. This is an alarming sign for a simple investor in altcoins. Especially for a professional trader. Do not tempt fate. It only makes sense to trade Bitcoin, as it is the most predicted and there is also liquidity.

So, for the growth of altcoins, the necessary conditions have not yet been formed. It remains only to wait and lead already open positions.

The dominance of bitcoin has suspended its growth and is in a corrupt movement. At the moment, its 66.6%. We think that such a balance will continue to be maintained with slight fluctuations. This means that the market will evenly make movements and only Bitcoin will be slightly ahead of other altcoins from the top 5 cryptocurrency. Everything above the top 5 cryptocurrency lives its own life.

If you are not a professional trader and have not been trading in the financial markets for at least several years, then we do not recommend trading everything below the top 5 cryptocurrencies by capitalization. Such trading requires a different approach. We demonstrate to you that you can trade profitably without sitting all day at the monitor and trade only the top 5 altcoins by capitalization.

By the way, we will attach a set of iron rules to the VIP group, so you can know them. These are the rules that cost us a lot of the money and we do not break them. This approach allows you to relatively easily trade the cryptocurrency market and not feel the psychological stress from incorrect trading decisions. Good luck to all!

#BTC/USD Take-Profit target 2 ✅
Profit: 11.4285% 📈
Period: 104 Hours 44 Minutes ⏰

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📍Current BTC update:📍

✅ Bitcoin: By and large, nothing has changed much from the last review. But some details are worth paying attention to. Currently, Bitcoin has been in the accumulation zone for more than two weeks. Since the market is bearish, we believe that this is a stop before a further fall. The market cannot grow or fall all the time, breaks are needed.

And now one of those. What to do and what trading tactics to choose? The price is in the range of 6 650 - 7 800 dollars. In this case, we recommend resorting to the old reversal point tactics we have tested. Recall that it makes sense to trade bitcoin only at the extreme points of the accumulation zone.

If a breakdown pattern has formed and the price falls below $ 6,650, it makes sense to sell, but if the price abruptly or the next two-hour candlestick returns higher, then it is worth covering a short position and standing up in a long one. As you know, trading is mathematics. The idea is that the stop in this case is quite short, and the take is near the top of the range. Quite the opposite, one should act at the upper boundary of the accumulation zone.

✅ Altcoins: The market for altcoins has not changed much. There is still no liquidity and more than 90% of the coins are trending on the daily charts. This is a sad statistic and we do not recommend trying to trade this in a bear market. Top 5 altcoins, in essence, repeat the movement of bitcoin, and the rest are so-so. You can see some altcoins that show growth dynamics quite well.

The main deception of such sitings is that you do not know to what extent this will last. At the moment, the market is very weak and the likelihood that your coin will grow is extremely small. The season of altcoins is sure to come, but only after the bitcoin itself grows well.

The dominance of bitcoin is about 66.9%. The graph tells us that this is still a correction before further growth. While the market has a relative balance of the distribution of assets between bitcoin and other coins.

We are often asked why we rarely open a position. The answer is simple, to successfully trade it is not necessary to constantly buy or sell. You need to do this effectively. In this case, the frequency of opening positions can be harmful. In more detail, we can reveal the essence of such trading in a separate article. The second reason is that we already have a short position, which was opened at 11,300 dollars and we still hold it, because we believe that the bear market has not yet ended. Sometimes we can buy bitcoin, but as a hedge of a position, no more. It's not the time to buy bitcoin for the long term.

We plan to create a new section of information knowledge. We will write small posts about trading and everything related to it once or twice a week. And the first post will be just about the frequency of bidding and its effectiveness. Good luck in trading!

📍Quick update:📍

Over the weekend, the price really did nothing. We are still in the accumulation zone. The recommended short set area is $ 7,400 - $ 7,600. Stop level above $ 7,800. The rule of reversal points immediately works. We buy after covering a short position by stop. But at the moment, the price does not want to go above $ 7,650, which tells us about the weakness of the buyer and a possible price hike to the lower boundary of the accumulation zone.
It also makes sense to make trading decisions.

Anything between 6,800 - 7,400 dollars is just a chaotic price movement. And we do not recommend trading in this period. It’s possible that someone doesn’t like that we only recommend buying or selling there, but trading is such that opening a position makes sense only where the probability is on your side, and it is high only at reversal points during the accumulation zone or during breakdowns during time of trend movements.

#BTC/USD Take-Profit target 1 ✅
Profit: 6.6733% 📈

#BTC/USD Take-Profit target 2 ✅
Profit: 9.3333% 📈

📍Current BTC update:📍

✅ Bitcoin: A lot of time has passed since the last review. Actually, there wasn’t much to write about, because, as we have already indicated, the price was between 6,800 - 7,400 dollars and there was no point in making any trading decisions. However, yesterday the ice broke and at the moment we are at the bottom of the trading range, which gives us a reason to activate. After a short sale of $ 7,500, we already recorded two take profit and left a third of the position that we plan to close after the reversal pattern, or already well below the current support levels.

By the way, we are still holding a short position at $ 11,300 and at the moment it is already generating almost 32% of the profit. This is a very good indicator, given the fact that we also speculatively buy and sell by price movement.

What to expect next? We think that the price has been in a narrow range for a long time and the time to move on, however, you should be very careful. We need to adhere to the principle of reversal points and closely monitor the breakdown of the support level of $ 6,650. If it is sharp and strong, then we will open another short position, but if a reversal figure follows, then this is definitely a long position. In any case, the price behavior will show us exactly what decisions will need to be made.

Since Bitcoin is in a bear market phase, we believe that the decline will continue. It is impossible to name the exact stopping zone, however we think that this is a price range of $ 5,800 - $ 6,000. Remember that buying on this kind of falls is not worth it. We need to wait for a good and long-term consolidation.

✅ Altcoins: As soon as Bitcoin began to fall, altcoins went down with great zeal. There are isolated cases, but we do not recommend ordinary novice traders generally trade the altcoin market. The best recommendation is to buy altcoins when Bitcoin begins to recover, and after it the entire market. Only then is it worth looking for points to buy.

The dominance of bitcoin is currently 67.6%. So far, this is the balance between the altcoin market and bitcoin. Some altcoins are growing, but most are still falling. We will repeat that it’s not worth playing with it. Only the top 5 cryptocurrencies by capitalization will give you the best opportunity to make money speculatively. Do not chase the mythical hundreds of percent of returns. Better than 10%, but definitely stable. If you earn 10% per month, then per year it is 120%, which is very, very much for any market.

#BTC/USD Take-Profit target 3 ✅
Profit: 5.5425% 📈

📍Informative article:📍

The real trading with altcoins which are below the top 5 by capitalization.

In this article, we would like to talk about the realities of trading altcoins, which are considered very promising and can bring at least hundreds of percent profit.

The first caveat is that liquidity is a big problem for cryptocurrency trading. This is what allows you to buy or sell cryptocurrency without a significant price shift. Most exchanges wind up trading volumes. There are special algorithms that allow the operation of buying and selling coins between two accounts of the exchange. These auctions are included in the offset of the volume, but, in essence, this is an air exchange between one participant - the exchange. The top 5 exchanges probably have real volume only for 50 percent. Bitmex and binance perhaps more.

The second caveat is related to the fact that as a rule there are not enough offers for sale. As soon as you hit the ask, sellers immediately scatter. Very often, one buyer is able to disperse the price very high with a small bid. Further, as a rule, the price returns to its start position. This is due to the fact that there is essentially no real market. And they will let you buy, but at the prices that are formed. There will be no buyers, which will lead to a return of the price to the previous level, or even lower.

Why does it work like this? The fact is that when a coin is listed on the exchange, the exchange provides liquidity algorithms that can easily carry out operations on the exchange without commissions. They trade between their accounts, spinning up trading volumes. Often you can see this in execution. They are small in size, almost identical and fractional. This is a sign of trading algorithms. If you turn them off, then there will be virtually no bidding. Currently, there are not so many traders on the market to trade a huge number of coins 24 hours a day every day. An exception is the top 5 cryptocurrencies. Why so we will tell in the next article.

The third caveat is related to the liquidation of a position. When you buy, you will be given a position, sometimes even at good prices. But, when you want to sell a coin, especially with a volume of more than several thousand dollars, then you yourself can make the coin move 10, 20 or even 50% down. An exception is active coins, which are traded on increased volumes. And if you bought on hype and did not sell on time, then this is even worse. For you have to sell by the stop loss, when the price is already falling. This will further aggravate the situation. You will have to wait until a large buyer appears, and he can wait a very long time for a price reduction.

The fourth caveat is related to the very structure of such assets. The fact is that the entire cryptocurrency market is considered a high-risk venture capital market. And such assets are historically falling. And only in case of strong positive changes can the price rise. But, even to grow steadily and well, a buyer is needed. Just because no one will invest in a coin just because it is promising.

To summarize a simple summary. The main problem in trading altcoins above the top 5 by capitalization is liquidity. Often the purchase goes on hype, and the sale is already when everything is quiet, and, as a rule, much lower. That's why many do not sell, but hold coins in the hope that it will grow anyway. This is mistake!

Inactive coins have virtually no liquidity at all. Entering them is difficult even with a small volume, of the order of several thousand dollars. And it’s impossible to get out.

Most exchanges wind up volumes for the attractiveness of trading, but this is a spoof.

The top 5 altcoins by capitalization are the most reliable in trading, since the probability of volume growth is low and there are also active buyers in the form of simple traders, miners, investors, exchanges themselves, large market makers and various trading organizations.

📍Current BTC update:📍

✅ Bitcoin: The accumulation zone has been forming for more than a month. There are two interesting points.

The first is that the zone is quite wide, about $ 1,000.

The second is that it is the longest accumulation zone since the start of Bitcoin growth from $ 3,200. This tells us that the downward movement is most likely not finished. However, you should be very careful with short positions. We will try to open a position only when the lower boundary of the accumulation zone is broken. Since there is a good ratio of risk and profit. In our opinion, a breakdown of the upper boundary can work as a short covering. You can try to buy, but very quickly cover a loss if something happens. We do not think that now will be the completion of the bear market.

In the second scenario, after the breakup of the upper boundary and the formation of a small accumulation zone, it will make sense to open a long position. If the price goes back to the range of 6,650 - 7,600 dollars, then a very high probability of a further fall.

It is a sufficiently long and wide range of accumulation that does not allow us to open a position quite often. We have to wait for points with a favorable ratio of risk and profit. The most difficult thing to trade is probably to wait.

✅ Altcoins: Looking through the altcoin’s market, we noticed that some of them grew at fairly good volumes, but not significantly. Moreover, if we compare this growth in volumes and the price movement itself, then, for example, in 2017, the movement on the same volumes was much larger. Now it is 100-200 percent, and then it is 500-1000 percent. In our opinion, there are several reasons.

The first is that there is more liquidity to sell now than it was then. This makes it difficult to move the price up, especially if you want to sell a coin much more than buy.

The second reason is less marketing, which means fewer market participants who want to buy at the market price. It’s too early to say that the altcoin’s market has died, but this is clearly not what most expected. The reality is that the cryptocurrency market is venture and high-risk. It is obvious to us that the token utility growth model has almost become obsolete. The next push, in our opinion, may be the tokenization of assets, but this is a separate topic for the whole article.

So far, we are of the opinion that the altcoin market will slowly but surely stagnate further. As long as companies have money, exchanges will do market making and will in every way attract market participants for trading. However, the growth of the market requires an influx of money. It can appear only when the former interest in the cryptocurrency market is revived. In the meantime, it remains to wait.

Top 5 altcoins by capitalization are suitable for trading, we do not recommend everything else to trade for novice traders. We will not tire of repeating this, because mathematics is against us in this trade.
The former advice is to buy altcoins only when Bitcoin is restored.

The dominance of Bitcoin since the last review has grown slightly and is equal to 68.7%. Slow flow of capital into bitcoin. While within the limits of the levels, but if there is a breakdown upwards, we do not exclude that there will be a new growth in the dominance of bitcoin in the cryptocurrency market. This is a bad sign for altcoins. We already wrote that we expect domination growth to 80-90%.