Bitcoin & Market Update: 🍻

As we have seen the price couldn't sustain and also it didn't close daily candle above 6700 which isn't a good sign as said earlier, it's still hovering around 6500-6700 levels, whereas 6500 is acting as a support and 6700 is acting as a resistance which is a strong one. Anything between these levels is okay, we shouldn't close the daily candle below the support levels else there are other smaller support levels 6450-6250 levels which could be tested if we break the current support levels.

And if we somehow manage to break the resistance and close the daily candle above 6700 or 6750 then we will see a nice sweet uptrend/ reversal and the next targets will be 7000-7350$.

Why we always have both scenarios in the sight?

Because there are always two sides of a picture which we must have in mind before we open/close and trade!

Bitcoin is a very important factor for the altcoins market. We see all the time the price of the altcoins moves with the Bitcoin. That's doesn't necessarily mean because the prices depend on the dominance, not the Bitcoin price.

Not all of you know how dominance plays an important role in the market. We will describe in the next update how you determine the entries by checking the dominance. Day traders don't look at these factors!

What about the current market of the altcoins?

Well, we have made a hell lot of profits this month trading only Binance! And most of the trades went pretty well. Some trades are open with a stop losses!

Holding some coins for long terms as well.

Wish you best of the luck. Trade safe!

And in the VIP channel, we are making everyday good profits by trading at Binance, Bitmex!