Conclusion. Many words have been written today. I would like to summarize some interesting points. World markets are growing on a par with the cryptocurrency market, which is generally atypical. This can only mean one thing - the risk appetite is increased. Always be on the alert, otherwise you can suddenly lose a lot of money. All successful trading!

The schedule with the technical justification of the picture, as always, will be the second post.

[Forwarded from Crypto Classics (VIP)]
📍Quick update:📍
There are no global changes so far and the price still has upside potential. However, we think the U-turn is close. If there is a weak retest of a strong level of $ 10,400 and repulsion from it, then this will open a short position. But it’s too early to close a long position.

Binance US, Coinbase Pro
#BTC/USD Take-Profit target 2 ✅
Profit: 1,0267% 📈
Period: 22 Days ⏰

Binance US, Coinbase Pro
#ZEC/USD Take-Profit target 3 ✅
Profit: 11,2181% 📈
Period: 31 Days ⏰

[Forwarded from Crypto Classics (VIP)]
📍Current BTC update:📍

✅ Bitcoin: Having hit the mark of $ 10,500 bitcoin, a little settling started a correction. An interesting point is that now there is a direct correlation between traditional markets and bitcoin. Throughout the past week, global markets have fallen on fear of the spread of coronavirus. The fall has been a record over the past 12 years. For some reason, Bitcoin has also been adjusted along with other markets.

This gives us reason to think that the paradigm of bitcoin as a protective asset in the event of a crisis has outlived itself and reality has changed. In part, this is due to the fact that many large participants in traditional markets also moved to the cryptocurrency market and also manage capital there.

At the moment, we are waiting for a small bounce back, and then we will see. With high probability we will look for points to open short positions. We don’t think that Bitcoin will grow further. Fundamentally there is no reason for this. Well, speculatively, bitcoin has already grown strongly from lows, so we can well protest the $ 8,000 mark.

✅ Altcoins: You noticed that with the correction of bitcoin and the rest of the top 10 altcoins, they also started to adjust. And the former growth force is not the same. This means that cryptocurrencies have acquired a pair of motion traders. We also think that the altcoin movement has ended and the global decline will continue.

The dominance of bitcoin at the moment is 63.6%. This is not much, not a little. Downward trend continues. Some altcoins are still pumping up in the hope that naive traders will believe in a strong altcoin season. However, we do not recommend buying anything on the cryptocurrency market right now. In our opinion, growth has ended and only extraordinary events can affect further growth. Do not forget that now the cryptocurrency market is for the most part speculative and it is quite possible that the price can go above $ 10,500 in order to eliminate short positions.

Pay attention to these two pictures. Bitcoin clearly broke a good level of resistance. At the same time, if you look at the top-5 cryptocurrencies, then they did not break this level. For example, DASHUSDT.

This means that the margin on Bitcoin is much higher and this, with a high probability, was the elimination of stops on short positions. By the way, the growth of dominance is insignificant, which tells us that the altcoins season is over and you can open short positions at the right points.

🔔 Exchange: Binance,Coinbase Pro 🔔
#BTC/USDT
Signal Type: short term
Trade Type: short position

Range open trade: 9 050 - 9 150

Ammount: 30% from deposit

Target:
1) 8 950
2) 8 850

Stop area: abow 9 200

Binance US, Coinbase Pro
#BTC/USD Take-Profit target 1 ✅
Profit: 10,9289% 📈with x5 leverage
Period: 2 Hours ⏰

[In reply to Crypto Classics]
Binance US, Coinbase Pro
#BTC/USD Take-Profit target 2 ✅
Profit: 16,3934% 📈with x5 leverage
Period: 2 Hours ⏰

Binance US, Coinbase Pro
#ETH/USD Take-Profit target 1 ✅
Profit: 14,1700% 📈with x5 leverage
Period: 2 Hours ⏰

Binance US, Coinbase Pro
#BTC/USD Take-Profit target 2 ✅
Profit: 16,3269% 📈with x5 leverage
Period: 2 Hours ⏰

As we expected, these were false breakups and knocking out stops. When returning the price, we opened short positions and earned quickly profit.

Say hello to the altcoins season. Although, probably, it is more like a season of discounts and sales. Our recommendation is by no means to buy anything yet.

By the way, our third part of the position brings already more than 70% of profits on #ETH and more than 48% on #BTC . One of our trading rules - never rush to close the third part of the position. Let the profit flow

💥 Platinum sibnoscription💥
available only for 24 hours from now, join Crypto Classics and get 25% discount with the CC25 code on all pack including the Diamond (Gold and Platinum).
👉 @demian_classics

💥 Platinum sibnoscription💥
available only for 24 hours from now, join Crypto Classics and get 25% discount with the CC25 code on all pack including the Diamond (Gold and Platinum).
👉 @damian_classics