Crypto Trading Signals®️

$BTCDOM UPDATE While $TOTAL3 remains at support, $BTCDOM naturally is at resistance and there is no sign of reclaim. The best scenario for alts is the move towards this newly reclaimed support at $4300 level. As I mentioned earlier, alts may not take any big hit given that $BTCDOM has failed to go past this $4600 resistance.

$BTC UPDATE This weekly ascending trendline has acted as resistance on $USDT Dominance chart for past 3 years. From FTX crash to all other big crashes during the last 3 years, most of the times, a rejection at this weekly trendline was what ultimately caused bitcoin to bottom. One thing we have learned from trendlines is that price will eventually break above or below these levels, it’s always a matter of time. Could this be the time the weekly trendline breakout happens? $ETH already has started giving losing the ascending trendline and price is down almost $500. Bitcoin most likely is next.

$TOTAL3 UPDATE $TOTAL3 still at support since our update last night. Will be important to see if the index continues to hold the $920B support while bitcoin continues to decline. If this remains the case, altcoins may not take a big hit and are going to present some great opportunities once the much awaited sweep happens but again, things can change pretty quickly if we have some HTF close below $920B level. I will update if I see index losing this level.

$BTC UPDATE With stablecoin dominance closing barely a 4H above the 9.2% resistance, there is still a little bit of uncertainty as if it could be a deviation but with this next 4H close, we’ll have a much better confirmation. But the way it looks, index has likely reclaimed 9.2% resistance and headed for the 9.5% resistance which is going to be the deciding moment. Is it going to be a sweep of high or a new HH which will give us a fresh BOS. Will update further after the 4H close.

$TOTAL UPDATE With $TOTAL closing the daily candle below $3.60T - $3.50T, index has certainly lost this long held support flipping it into resistance and this acting as the final nail in the coffin triggering most likely another sell-off towards $102K or $98K sweep. There is a minor support for index at $3.24T level which also happens to be the October 10 low, so expect a further move downside. I have said quite a few times before that through every big sell off we have seen in past few months, this chart always holding the support proved to be a nice guideline for future moves. Now that this major support is lost, expect lower prices for bitcoin, a cruel winter.

$TOTAL3 UPDATE $TOTAL3 is back at big support around $920B - $940B level, yet another reason to discard this bearish bias for short term. Only if we lose this level which we will eventually like it happened back on 3rd of Feb, we’ll enter a few more shorts. Alts here will see a small bounce most likely. What alts you think are strong to go long here?

$BTCDOM UPDATE Our morning bias was to open a few shorts based on the breakout above resistance on $BTCDOM and the break below trendline on bitcoin chart. Now that $BTCDOM is back at resistance, we have a choice to pick a few longs here expecting alts to bottom or just exit any shorts you may have opened for the day. I would personally suggest that instead of taking the risk to go long, best exit any shorts you entered for the day or pick something strong to go long.

$BTC UPDATE Stablecoin dominance has now tapped the 9.1% resistance. As the index remains in an uptrend, a new HH is expected with this retest being the 2nd one at this level so far. Price eventually has to break this level, so any relief bounce on bitcoin could be short lived.

$BTC UPDATE Careful here, the trendline breakdown has only started, best to wait for a sweep of these lows to go long. As warned earlier in the morning update, there is no escape from trendline breakouts, they are imminent.

$ETH UPDATE This will be setup for $ETH, the big short with final target for $2100 level. The last weekly close at $3906 was again not convincing enough to go short. We either need a 3D or 1W candle outside this trendline or a 1W close below $3890 to enter this short.

$ETH UPDATE With $ETH/USDT.D chart finally breaking below this big 3D trendline, it has now become very much imminent that $ETH will visit in the coming days or even lower too. I talked about this trendline a few days ago warning that a breakout will happen eventually and exited all of my $ETH spot positions. Support for this index is at 600 level which basically confirm the move to $3K.

$BTCDOM UPDATE With dominance reclaiming the $4350 - $4400 level flipping it into support, expecting a move into $4500 - $4600 resistance soon. So, altcoins could particularly take a bigger hit considering bitcoin loses the ascending trendline and dominance spikes up here. Much better to have a few shorts open and wait for the sweep on bitcoin.

$BTC UPDATE Stablecoin dominance completed the first successful retest after the breakout at $8.6% - 8.4% level. Resistance remains at 9.15% - 9.2% level. Expecting a retest of this level soon.

$BTC UPDATE Trendline formation confirmed already, expecting a small bounce already followed by a break below the trendline. Will most likely happen in this week with price going for the sweep of $102K or $98K which is going to be the deciding factor for the long term market direction.

$BTC UPDATE Expecting a move like this on stablecoin dominance, retest and bounce from 8.6% level into 9.16% resistance. Gains during early hours of Friday usually get erased immediately after the US session. So, be careful here. We’ll soon open a short position on bitcoin after the 4H close.

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$BTC UPDATE Price looking extremely weak sitting at this ascending trendline. One thing is sure, we are going to have a an impulsive move downside, quite similar to one on 16th of Oct, which had the same trendline and I did warn about it quite a few times and ultimately price plunged from $110K to $103K. Something similar may happen here aswell and it’s expected we’ll see lower prices in the next few hours.

$BTC UPDATE Stablecoin dominance starting to break above the trendline. Another warning for you all is that bitcoin is still far away from the ascending trendline that is getting formed. So, overall not having a good feeling about the post FOMC market.

$BTC UPDATE Price on the bitcoin chart is sitting at 1D 12 EMA while Stablecoin dominance consolidates at 1D resistance + 1D 12 EMA. FOMC later today, so this sell-off in the last 24 hours was more or less expected. But the good part is that price on all charts is sitting at tight invalidation levels, so we’ll get a rather quick confirmation of what’s about to happen. Also, both stablecoin dominance and $USDT dominance charts have 4H descending trendline in formation which basically means a breakout here is confirmed and more and more price consolidates near this trendline, higher the chances of a breakout.