Coin Name : #BTC
Signal Type : Long
As you can see we are currently seeing a drop in Bitcoin chart, which was likely. We have major liquidation cluster below our previous lows. Also the area perfectly aligns with the 0.5 Fibonacci ratio. After we see a liquidity sweep from this value area low we will see an impulsive move towards the upside. Alongside, volume has been decreasing significantly while chart is seeing a decline, means sellers are not quite strong pushing the price lower. We shall open long positions at around 100k
We may see a push towards 62% on Bitcoin Dominance chart, which can indicate a strong Bitcoin move ahead but the altcoins may lag behind. But there is a massive resistance which is the Golden Fibonacci ratio, if we start to see a decline from it then its happy days for Altcoins.
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USDT.D has been forming an inverse Cup and Handle pattern which is a significant bearish one.
We are trading above the descending channel and it is acting as a support. We will be seeing some insane push in the altcoin market in the upcoming days.
Trade Details:
Entry : Around 100k ( Join my Binance live for premium crypto signals )
TP : 131k
SL : Keep Accumulating
$BTC
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