[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

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

Only after the end of the American stock market trading session can concrete conclusions be drawn. It was, perhaps, a historic day in the financial markets. So much the American indices in one day have not fallen since 2008. And oil, which at the moment was -30% of Friday's closing prices, set a record from the 70s of the last century.

How it affected the cryptocurrency markeе? Yes, it’s completely negative, which gives more and more confidence that the cryptocurrency market is no longer a safe haven. Moreover, crypto assets fell synchronously with traditional markets, which tells us that now, if a full-blown crisis sets in, cryptocurrency will also become cheaper in price. Since this is a high-risk asset, it is even more than traditional markets. What we noticed is complete synchronization.

We have already said that these are all institutional investors who also rule the world markets. We do not think this is bad, because the better the market is predicted, the easier it is to make money on it. In the meantime, the cryptocurrency market is quite predictable.

✅ Bitcoin: For a few days, the price literally fell by $ 1,500. In the next big review, we will focus more on reasons. This is a fast and powerful movement. It's time to take a break. The price stopped at a fairly strong support level of $ 7,900.

By the way, this level is the key in the previous strong accumulation zone, after which Bitcoin began to grow to the level of $ 10,400. Let's see how the price will behave, but we are already seeing a slowdown, which may be a short-term buy signal. We give more detailed recommendations, as always in our VIP channel

✅ Altcoins: The top 5 in altcoin capitalization repeated the movement of bitcoin. We gave a sell signal, which brought a big profit. This is rare. However, most of the remaining altcoins fell even more strongly against dollars. But some, in relation to bitcoin, have even grown. We will periodically give recommendations on the purchase of such altcoins. Currently the situation is stable.

The dominance of bitcoin has not changed much from the last review and is at around 63.8%. After such a fall in the market and the lack of the flow of capital from altcoins to bitcoin, it speaks of a balance in the cryptocurrency market. We can say that we have reached equilibrium. It seems to us that investors still do not know where it is better to transfer capital, as future events in world markets can greatly shake the balance of world assets and create certain financial flows.

In other words, there will be a redistribution of capital. It is possible that the cryptocurrency market will also receive its share, which will become a catalyst for growth. But so far, the events that have occurred give us reason to think that prices can fall on all assets in the world, even cryptocurrencies. This is in the long term. Well, in the short term we can grow a little. Follow our trading recommendations. Take care!

😰Market is very stressful right now, that's why we see a boom of new subscribers that want to save their capital. Don’t wait until you lose more. Subscribe to our VIP channel 👇👇👇
@damian_classics.