MARKET UPDATE: #ALTS MARKET CAP
(Excluding #BTC and #ETH)
Crypto total market cap excluding BTC and ETH is holding above strong support and rejecting from the horizontal resistance.
It is trading in a narrow range, and a confirmed breakout will clear its next direction.
MARKET UPDATE: #BTC
BTC bounced from the potential reversal zone of the bullish bat pattern and currently rejecting the trend-line resistance
BTC is trading between Monday lows and highs
A high possibility that the market will do deviation after taking the first lows or highs
#DAILY#OUTLOOK
The #market is overall turning bullish as green spreads across the board with alts, and we see an apparent and pretty significant increase in buying volume, which has pushed our total market cap above $1.9 Trillion again.
#alts#btc#eth#trading
β οΈMARKET UPDATE: #ETHβ οΈ
Currently above its daily demand zone, the main level for bulls to defend to continue bullish momentum.
We have the possibility of making another higher high if it continues to hold above the current support. A breakdown of the support is a bearish sign
π DAILY OUTLOOK π
Daily trading volume has remained stable above $110 Billion while #BTC and #ETH went for a short term dive towards new short term local lows. The bulls are currently waiting for the perfect opportunity to enter the market again.
β οΈMARKET UPDATE: #BTCβ οΈ
BTC was rejected from the 2nd top and currently holding above the neckline of the double top chart pattern, which is also a strong support
As we can see, there is an unfilled order block, so if support breaks down, the price will head to the order block
DAILY OUTLOOK
Short term trading volume has increased over the last 24 hours by 22%, and not exactly for a good reason. Bears have increased their selling volume drastically, pushing #BTC, #ETH and alts to new short term lows and potentially getting ready for even lower retests
β οΈ MARKET UPDATE: #BTC β οΈ
BTC consolidates between the support and resistance zone after breaking out the major resistance level, currently acting as support.
We see a decreasing volume with that impulsive move, so we cannot confirm the bull run until we see a good retest.
β οΈ DAILY OUTLOOK β οΈ
ETH is currently holding its high daily trading volume showing stability regardless of the rest of the market. It's an indicator of a long term bullish momentum gained over the last month, and just a matter of a shakeout and a push for us to explode againπ€