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If Bitcoin dominance keep on increasing then altcoins will bleed more.
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If BTC dominance goes up.
And BTC price goes down then alt bleeds heavily.
Those who shorted at 63500$
Can book profit here at current Price 62000$✅
Hold only few short quantity.
This is Scenario No 2️⃣
If we break 61600$ support area then there are high chances price will slip to 60700$ area.
60k will be the next zone where we are going to see another bounce.
The Ultimate target here is 65000$✅
Lets see how it plays.
Sol in our entry zone now ✅
Ready to go upside once Bitcoin finds stability and dominance decreases.
BTC UPDATE 💸 08/05
As u all know btc trading between 64-62 approx 3-4 days as I said 63-62k is important zone it have to hold for further next upward move.
If we get 4hr closing atleast 1-2 candle closed above 62k and most important 1d close also because current price is on support Bull candle with good volume then it can happen according to this chart.
Yesterday night I had closed some trades before btc dump.
Also We can see of technical analysis side on this chart pattern the dump was 2.6% approx done ! ✅
If you are in some loss don't worry will recover soon.
Note: Again I'm saying don't take high levrge use less fund in these days and plan your strategy how many $ u want to earn in day and how many $ u can loose in a day and trade accordingly you won't be in loss ever.
Thanks ! 👍
There are two scenario that can play out from here:
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🆘 BUY #ACE IN SPOT ON BINANCE
#nfa
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I hope you guys took Bitcoin short here
Check this out👆🏻
61600$ is the next area i was expecting
Trade Status
ORDI
currently consolidating and trying to recover slowly.
If it comes above 38 in 4h candle then it will pump hard 🔥
Keep an eye on it
Btc iost, gft only hold gft with sl at entry.
As I said everytime don't forget to move sl at entry or tp after booked profit!
Trade will take 1-2 days depending on the market.
Again saying
Winner is the one who keeps patience
If you want results within 5-10 minutes then that is not trading that is gambling with high leverage.
Trading is a business game🔥
Guys use low amount
And use low leverage.
If anyone held this Alt trade close it also 2 tp successfully done ✅ I always say whenever atleast tp 2 done move your sl at entry in these days!
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In Order for Altcoin to pump
Dominance need to come down👆🏻
Bitcoin Dominance Is Pumping👆🏻
This is the reason why Altcoins are Dumping.
At current situation people are intrested more in btc than altcoins.
We all know that when BTC Dominance goes up altcoins goes down.
This is what happening right now.
This is Next Possible Above ✅👆🏻
We have 62000$ to 61600$ Support Area.
Price is also forming a double bottom pattern.
We can expect next price to hit 65000$✅
This is the 1️⃣ possible scenarion we can see.
Must read it and follow the below mentioned rules!
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Gft update currently it's on entry zone approx.
I said already move sl at entry, tp or trail I hope you did it And made it good!
Bitcoin / USDT
🔹This is how BTC was performing from last 24 hours.
🔹The local support area is 62500$✅
🔹If we break this support then 61600$ is the next target.
🔹For Big move need 4hr candle to close above 63000$✅
Keep an eye on it.
IMP POINTS
1 - Don't take High leverage
2 - Invest only 10% of your total budget in a single trade
3 - Trade only in ISOLATE
4 - Update your SL if any TP hits
Alts market is facing a crash today like what happened at 13th or 30th April.
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Trade Status
Zeta / usdt
Sl was hit due to btc volatility
Recovery trade soon
Spot holders can also hold this trade as spot position.
Expect profit of 50% in spot and exit.
Checkout our entry zone.
Keep some funds reserve in case it comes down so we can take another entry and average out entry
🔴 TRADE - SOL / USDT ( Futures )
👉 Type - Long
👉 Mode - Isolated
👉 Leverage- 2X to 3X ( Recommend)
📌Buy Zone - 149 - 144
🎯Target
1. 154
2. 157
3. 165
4. 180
🛑Stop loss 134.23 -( SL Must Use )
🔥Disclaimer 👉 This is my personal analysis for educational purposes , Buy/Sell/Trade at your own risk. I am not a financial Advisor
$$$
Ar gave good profit guys close it we are in profits also in this trade👍
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