source avatarCrypto Trading & Insights

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

𝐌𝐲 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 𝐎𝐧 𝐂𝐫𝐲𝐩𝐭𝐨🏆 Chart 1: Bitcoin (BTC) Yesterday, we closed as a doji below resistance and the 200 EMA. Currently, we are forming a bullish engulfing below resistance and the 200 EMA. Currently, the OBV shows slight bearish divergence and the RSI shows bearish divergence. The market structure is bullish . For the trend to flip bearish we need a LH followed by a LL. Chart 2: USDT Dominance (USDT.D) Yesterday, we closed as a doji at support and below the 20/50 EMA. We are currently forming a bear candle below resistance and the 20/50/100 EMA. Currently, the OBV shows bearish divergence and the RSI shows convergence. The market structure is bearish. To flip bullish we need a HL followed by a HH. Chart 3: Altcoin Market (OTHERS.D) Yesterday, we closed as a doji below resistance and all EMA’s. Currently we are forming a bearish engulfing below resistance and all EMA’s. Currently, the OBV shows bullish divergence and the RSI also shows bullish divergence. The market structure is bearish we have a LH followed by a LL. For trend to flip bullish we need a HH followed by a HL. Chart 4: BTC Dominance (BTC.D) Yesterday, we closed as a bull hammer at resistance and above all EMA’s. Currently, we are forming a bullish engulfing above resistance and all EMA’s. Currently, the OBV shows convergence (highest volume all year) and the RSI also shows convergence. The market structure is bullish now, but it’s hideous. For the trend to flip bearish we need to see a LH followed by a LL. I personally believe BTC is going lower as I don’t believe the bottom is in yet so we will most likely just form a LH for now. This month the full moon has played out so far as we got a bullish reaction from it so let’s see if we get the sell off from the new moon. Based off price action I believe we push up one more time and get rejected at the 0.5 fib level or 80,600. Patience is key: stay objective, control emotions, and trade the charts, not the hype. See you for tomorrow’s update. ⚠️ Disclaimer: This is not financial advice. I’m simply sharing my personal thoughts and market observations. Always do your own research and never risk more than you’re willing to lose.

No.0 picture
No.1 picture
No.2 picture
No.3 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.