Crypto Trading Signals®️

$BTC UPDATE: STABLECOIN DOMINANCE The plan here remains the same, as long as stablecoin dominance is sitting at this support and bitcoin is specifically trading in $91.5K - $93K, there are chances of a reversal. Intraday moves may not matter much and the weekly closing ideally speaking should be under the $90K region for short to play out. On the stablecoin dominance chart, if we have a daily close below this support, this will require a change in medium term bias and you can expect $98K next.

$BTC UPDATE: STABLECOIN DOMINANCE First of all, as I mentioned in my morning update, the signal that price was constantly trading close to the resistance at $87.5K was most likely a sign of bullish consolidation leading to a breakout eventually. But the bigger picture is that stablecoin dominance is now back at support. For the last 4–5 days, I have been talking about this retest. Not only is this the retest of the big daily support that has been reclaimed after May, but it is also the first retest. This, in my opinion, is similar to the November 5th retest situation where Bitcoin retested $107.5K with stablecoin dominance giving the first retest at the 0.152% level, baiting everyone into thinking we are so back, and it turned out to be the opposite. Now, from $90K to $95K, there is this dangerous territory where most of you will likely fall for this, so it’s best to avoid the trap and focus on where stablecoin dominance is going. If we close the daily candle below this support at 0.172% to be precise, then obviously we are so back and this was likely a local bottom. The reason why this could actually be a local bottom is because of the weekly USDT dominance chart, which has not just given a weekly close below that resistance but continues to go down. And if you read my Sunday report, you already know that the weekly resistance I just mentioned has been the bottom for Bitcoin during this whole cycle. From $37K to $74K, then $49K to $105K, and then $75K to $126K — it was that very same resistance that USDT dominance could never go past. But the point of discussion is that we are at a crossroads. Bitcoin’s daily structure is already bearish, so do not expect anything good. Each rebound provides an opportunity to short.

$NAORIS UPDATE DCA filled, average entry 0.02897. Moved stops to entry. Risk free.

$NAORIS/USDT LONG Entry Point: Entry: Market Price ($0.02977) DCA Level: $0.02817 Stop Loss: Stop Loss: 0.02661 Target: Final Target: 0.05021 Leverage: 5x-10x Reasoning: Breakout + 4H QVWAP + 1D 12 EMA Rating: This setup is rated 7/10

$BTC UPDATE: THE SHORT Changing the limits for the bitcoin short to $92,100. The way price is consolidating below the $88K resistance, this may very well be a sign of bullish consolidation below resistance and the last thing I want here is to get into this short with a bad entry and wrong plan. So, the best entry would be $93K resistance but to be on the safe side, I am moving it to $92.1K and rest of the setup remains the same.

$BTCDOM UPDATE $BTCDOM is still sitting at $4300 support, holding strong, so nothing really has changed. Longs are going to be at some risk if it continues to go up and bitcoin fails to reclaim $88K resistance. Good part is that the index has given a break below this longheld ascending trendline, so there are signs of loss of momentum. To be precise, we need a 4H close below $4350 level to go long on alts with next support quite far away at $4160 level.

$ZEC UPDATE The way $ZEC is holding above this daily trendline, it’s only a matter of time that we see a breakdown followed by an impulsive move downside. I know alot many people are excited and ready to buy $ZEC even at high prices too but best to wait for atleast $300 to press the buy button. Not like price is not sitting at a support, from daily VWAPs to TVEM bands to a big ascending trendline, there are all kinds of supports that it’s sitting above but once it starts losing these levels which is going to happen ultimately because of the trendline, then $300 is confirmed. And don’t forget that a daily close below $430 will confirm the double top also.

$BTC UPDATE Stablecoin dominance has narrowly missed our target of support retest I was talking about in my update yesterday. Still hopeful that we’ll get a deeper retest into this support with bitcoin atleast giving a $91.5K wick as I am not going to chase this short. In any case, this is a strong support for stablecoin dominance with reclaim fully confirmed now and it will eventually send towards 0.212% resistance dragging bitcoin all the way down to $75K at some point.

$BTCDOM UPDATE More than 2 weeks since $BTCDOM been moving in this range. $4500 resistance is for building longs, $4300 support is for focusing on shorts or staying on sidelines. Unless we see a close above/below any of these levels, we’ll continue to focus on the range. So, today the bias will be bearish given that $BTCDOM could give a nice bounce at this support.

$BTC UPDATE The rate cut expectations for December FOMC have dramatically improved over the last 3-4 days, going up from 30% to around 77% on the CME Fedwatch tool. This has mainly happened after the New York Fed President John Williams said that policy is now modestly restrictive and that there is room for an adjustment in the near term. Coming from one of the most influential voices in the FOMC, this is being considered a green light for a December cut. Remember that the markets for the past two weeks have sold off mainly due to the decrease in rate cut expectations and now that the probability has improved alot, there can be a further rebound across all financial assets. But our medium term POV remains the same, each rebound from after the structure shift is an opportunity to short the market.

$BTC UPDATE: STABLECOIN DOMINANCE After the 1D and 3D close above 0.176% level on the Stablecoin Dominance chart, there is no doubt that it will eventually reach the next big resistance at 0.210% sooner or later dragging Bitcoin down to $75K. Now, the real question remains that is it going to happen after we get a retest at this newly reclaimed support at 0.176% or without any retest. Which basically means that a move towards $75K is confirmed, are we going to get it after a retest at $91.5K - $95.5K range or without it. As I said earlier, I’d like to play safe and wait for the retest as it seems to be the best possible approach for me.

$TOTAL UPDATE So, we’ll lucky to get a fill on our bitcoin short because bitcoin would need to flip the $87.5K resistance and $TOTAL is also sitting an important higher timeframe resistance around $3.0T level. From 02 to 05 March earlier this year, we had a wick on 3D and 1W towards $3.12T level which resulted in bitcoin giving a move towards $91.5K. So, hoping for something similar to happen here also. But if we close a 3D candle above $3T level, then we’ll cancel the limits for bitcoin short because this will signal a reclaim of resistance and we can instead take a long at that point. But for now, the medium term target on $TOTAL chart remains $2.5T level which will be reached very soon.

$BTC SHORT Placing the limits for a bitcoin short at $91,500 and $95,500 with stoploss manual 1D close above $98,500. Ideally speaking $87.5K is a big level and we should be shorting at that level but given that there are some charts like stablecoin dominance and TOTALES.D that still have not reached the important support and resistance levels, I’d like to go with a safe approach. But wouldn’t be surprised if we get to see another lower low today. Weekend pumps are always sketchy.

Important Bitcoin Update Shared.

$BTC UPDATE This is a bad sign for bitcoin. Stablecoin dominance after this daily close above 0.177% has fully flipped this long term daily resistance into support first time after May. Even if there is a retest back at 0.177% which is now a big support, expect the index to move all the way to 0.211% which is most likely $75K - $73K support for bitcoin. But remember that this support retest + the $87K retest is a perfect shorting opportunity for anyone who missed out on this complete move.

$BTC UPDATE Bitcoin after losing the support at $87K is in free fall. Next stop is $75K, we’ll place our short limits after the daily close at $87K.

$ETH UPDATE Stopped out on this $ETH long. Quite clear at this point, we are just having a continuous formation of LLs and LHs, so won’t be touching the buy button anytime soon honestly.

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