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BTC Update:
1.Price made a correction from 24k due to Tesla selloff news.
2. Price is now testing the breakout area near 22.8k
3. If it confirms as a support and we pump breaking above would be a good sign and a relief for the market.
4. It it successfully breaks down below back into the range( higher time frame close) then it would be a deviation.
5. If deviation happens it would trigger short positions enteries.
So trade levels to levels with proper Stop Losses
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📊 FUTURES (BINANCE)
#PEOPLEUSDT
LONG Below : 0.02445--0.02415
MAX 👉5x-10x LEVERAGE Hold
TAKE PROFIT:0.02470|0.02500|0.02550+
SL: (if any 4hr Candle Close below 0.02350)
#Bitcoin update
🔶As we expected Bitcoin weekly candle again closed in the red. Bitcoin price started another decline below the $19,500 support zone and the price even traded below the $19,000
🔶A low was formed near $18,700. The next key resistance is near the $19,800 zone. A clear move above this zone could push the price further higher.
🔶The number of Bitcoin addresses currently at loss has reached a new all-time high of 18,809,386 Also inflows are increasing which is not a good sign. So be careful and trade safe ✅
Stay tuned for more info!!
#Bitcoin update
🔶As we expected Bitcoin weekly candle again closed in the red. Bitcoin price started another decline below the $19,500 support zone and the price even traded below the $19,000
🔶A low was formed near $18,700. The next key resistance is near the $19,800 zone. A clear move above this zone could push the price further higher.
🔶The number of Bitcoin addresses currently at loss has reached a new all-time high of 18,809,386 Also inflows are increasing which is not a good sign. So be careful and trade safe ✅
Stay tuned for more info!!
BTC Analysis:
1. BTC is trading in a very small zone due to weekend very less liquidity.
2. On LTF support zone is 18200-18800 which is currently holding.
3. It would be troublesome if it starts closing below previous lows 17600 if sweep and reclaim happens that is very good.
4. For taking positions this is a good area.
5. Resistance is near 19900 and major is still 20800.
6. Weekly close is also coming up will be important to see how it closes.
Last time it managed to close above 2017 ATHs now currently price is below it.
Trade with proper setups and Stoplosses 🛑
📊 FUTURES (BINANCE)
#STORJUSDT
LONG Below : 0.6700-0.6645
MAX 👉5x-10x LEVERAGE Hold
TAKE PROFIT:0.6779|0.6845|0.6955+
SL: 0.6530
Sam Bankman Fried ( CEO-FTX) warns more crypto exchanges failure in upcoming weeks.
Make sure you keep your funds at major and reputed exchanges only.