BTC / USDT
The last daily candle of btc closed a little below 50D EMA first time since October ..what can that mean ?
Yes this is small bearish sign.. and can lead to another retest around 50k zone
For continuation of bullish momentum I want to see bulls strength at any of 2 important points :
1st point : if we retest around 50k again (current major support zone and 100D ema)
2nd point : if we retest around 60k resistance zone
(if this happens i will wait for strength signs and Consolidation above )
BTC dominance :
Btc dominance is setting at very strong Support now can rise from here whether btc choose to pump or dump
So alts in short term can suffer ..
Alot of people turned bearish now and called for bear market ...its too and too early for such calls ..for me i still believe in bull market until end of this year but correction in between is must as a fuel for new run thats my opinion
My advice now :
Trade with caution
Dont over trade and dont over leverage
Whats your opinion ? share with us in comments below
The last daily candle of btc closed a little below 50D EMA first time since October ..what can that mean ?
Yes this is small bearish sign.. and can lead to another retest around 50k zone
For continuation of bullish momentum I want to see bulls strength at any of 2 important points :
1st point : if we retest around 50k again (current major support zone and 100D ema)
2nd point : if we retest around 60k resistance zone
(if this happens i will wait for strength signs and Consolidation above )
BTC dominance :
Btc dominance is setting at very strong Support now can rise from here whether btc choose to pump or dump
So alts in short term can suffer ..
Alot of people turned bearish now and called for bear market ...its too and too early for such calls ..for me i still believe in bull market until end of this year but correction in between is must as a fuel for new run thats my opinion
My advice now :
Trade with caution
Dont over trade and dont over leverage
Whats your opinion ? share with us in comments below
Note
Why i say small bearish sign ?because its not confirmed yet ..it will confirm if the today candle will also close below 50 ema (2daily candles will add more confirmations )
And we have hidden bullish divergence on RSI
Note
UPDATE :BTC strong support 51k-49k
as long as we hold above this support we still Bullish
on the other side ETH is very strong
now which is a positive for altcoins
Btc dominance: on decision point
I only advice risk management
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.