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Ismashprofit

$BTC UpdateAs we have seen for the past couple of days, BTC has exploded with strength and volume we didn’t even see when we initially broke above $60,000 in May. This time we’re seeing an extreme buying volume we suspect to be from institutions. We’re not far from a break above our current All-Time highs, especially considering all the fundamental factors currently in the market, however, the market is not gonna make it as easy for everyone. RSI , MACD , and general market indicators are extremely overbought on both the 4H and Daily charts, tower the Weekly remains extremely bullish. This means that we’re likely going for a $58,000 - $58,500 correction before a significant move up. This corrective move will be just enough to clear out most over-leveraged bulls from their positions, making space for smart money to load on their positions before breaking towards new highs. -------------------------------------------- Best Regards, iSmashProfit™
COINBASE:BTCUSD
by TopGBanks
NASDAQ CRYPTO INDEX AnalysisThe NASDAQ Crypto Index has broken its neckline resistance on higher time frames (1D) and is currently holding above it with more than decent strength. The cup and handle pattern that could be starting to form after this breakout is probably the most significant indicator of what we can expect from the market in the next 3-4 months. If we see successful neckline support (previously resistance), the market would be sending the confirmation institutional investors are waiting for before entering significant long positions for BTC, ETH, and other large-cap alts, which would be the cause for a definite ATH break. -------------------------------------------- Best Regards, iSmashProfit™
NASDAQ:NCI
by TopGBanks
$BTC Dominance$BTC Dominance (Timeframe: 1D) -------------------- Long Term Resistance: 50.17% Long Term Support: 36.31% BTC Market Dominance becoming a much more defining factor over the last couple of days, as the bounce from 39.90% has sliced through our 43.75% key level and retested it as support. Now that dominance is gaining momentum towards our next key resistance level (50.17%) we could see BTC being the only significant gainer in the next 5-7 days, before giving alts another chance of catching up -------------------------------------------- Best Regards, iSmashProfit™
CRYPTOCAP:BTC.D
by TopGBanks
Bearish Shark Harmonic pattern of the CMEAs you can see it formed out the CUP AND HANDLE on the Daily Time Frame. whereas we can see after breaking out the neckline it filled out the gap of the CME from 45570 to 48460 which is why we saw our initial rally. After it, however, it formed out the Bearish Shark Harmonic pattern which interprets into a potential Bitcoin correction down to $52,500 or $50,500 before a stronger continuation. -------------------------------------------- Best Regards, Reda Souhail™
CME:BTC1!
by TopGBanks
USDT.D Chart update#USDT.D 4H Chart update USDT.D has been moving in a downtrend on both HTF and LTF. However, it currently broke out from the descending channel on LTF where it could be reaching 3.01% before moving down again. However, if it breaks through that level, we would be expecting a rejection from the 4h breaker else it would be breaking previous highs on HTF that could result in bullish moves which is not expected. -------------------------------------------- Best Regards, Reda Souhail™
CRYPTOCAP:BTC.D
by TopGBanks