Dexter_The_Trader

Dexter_The_Trader Updated 

Hello folks, the Bitcoin weekly close is here, and this week's close was at $48.3k. Is it positive? Maybe. There's no doubt that BTC performed quite well by remaining consistent with the rally since September 2023. With the current price at $48.1k, BTC might touch the $50k range within this week, but we also need to consider the negative parameters. As I...

Dexter_The_Trader Updated 

Looks like CRYPTOCAP:BTC is ready to head towards $50k. The daily close was at $47.1k, which is promising, and I am expecting BTC to reach $50k before the weekly close, followed by a possible rejection. When considering the support levels, $44k is set as the initial support.

Dexter_The_Trader

Hello folks, we finally have the daily close on #BTC at $44.3k, but the danger is not over yet. After yesterday's sudden bounce in BTC, the price took a pause close to $44.8k. This is the exact spot where in the past we had the shadows. If it is too good to be true, then BTC is likely to face rejection again. I would love to see Bitcoin breaking out all barriers...

Dexter_The_Trader

This is BTC right now. It must hold the $42.5k support in a shorter timeframe. If not, $41.8k- FWB:41K is expected. We have good support of 100EMA at $42.5k so let's see how it's gonna be.

Dexter_The_Trader Updated 

After two bearish candles, Bitcoin indicated a possible rejection. While we observed rejection in the lower time frames (LTF), the weekly chart reversed the entire scenario. Bitcoin transformed the bearish red candle into a green one, leaving a long lower shadow, and opening a new candle above $42k. This indicates some positivity in the market and the potential...

Dexter_The_Trader Updated 

BTC's daily close was at $39.5k, which is not a good sign, to be honest. BTC was expected to hold this level to remain bullish, but the weekly chart tells a different story. Now, the next move is anticipated to be a further drop toward the $37k level. How I wish BTC could turn this daily close into a fakedown and bounce back to $44k, LOL! Our strategy remains the...

Dexter_The_Trader

Hello traders, BTC has concluded its weekly close and unfortunately failed to close above the previous week's close ($41,700). The weekly close for this week was $41,583, and the current price stands at $41k. For two consecutive weeks, we witnessed a bearish close, forming a bearish shooting star and a bearish spinning top. These candle stick patterns raise...

Dexter_The_Trader Updated 

BTC is at the $41800 support level. It should hold this level or else $40k is likely to play off. Trade safely.

Dexter_The_Trader

BTC Update: The daily and weekly close was at $41.7k. This is negative, and BTC is most likely to drop toward $38k to $40k. However, on the 4-hour TF chart, we can observe something different. Whether you term it a candle of hope or anything else, BTC is forming a bullish divergence. If it plays out successfully, BTC may rally back to $44k or even higher....

Dexter_The_Trader

This might sound crazy, but hear me out. Following the recent approval of the Bitcoin spot ETF, we observed a notable price momentum in BTC and other altcoins. However, it's not entirely convincing for the sustained bullish rally of BTC in the short term. Just a few days ago, BTC struggled to break the $44k level, but now the price is trending at $46k. From a...

Dexter_The_Trader

The ETF news is creating positive waves, potentially impacting prices. BTC recently touched the $47k resistance, and approval of the ETF could propel it to $52k. However, be cautious as lower timeframes indicate a bearish divergence, suggesting a possible retracement to $44k. Remember to DYOR (Do Your Own Research) and stay ahead in the dynamic crypto landscape!

Dexter_The_Trader Updated 

BTC dropped -10% in the last 8 hours. This dump liquidated many long positions in the market. Currently, BTC is holding the FWB:42K support and it will be quite interesting to see how the next candle will be. With an hour left for the candle to close, I am expecting BTC to hold the FWB:42K support level and make an attempt to reach the $44k resistance level...

Dexter_The_Trader Updated 

BTC must hold the FWB:41K support range. In a worst-case scenario, we can expect a drop to $40.7k. Expecting a bounce-back and another attempt to touch the $44k ceiling. DYOR.

Dexter_The_Trader

Hello folks, As we approach the end of 2023, and with the new year 2024 on the horizon, let's simplify our weekly chart discussion, focusing on key topics. 1. The Bitcoin Spot ETF: Amid the anticipation of traditional institutions entering crypto, concerns are widespread. A positive outcome from the ETF could propel a quick move toward FWB:52K , followed by a...

Dexter_The_Trader Updated 

Bitcoin is currently maintaining support around the $43,000 level, but the uncertainty in the market raises questions about how long this support-resistance pattern will persist. As we approach the end of the year, here are some key observations providing insights into the potential upcoming movement: 1. In early December, Bitcoin faced resistance at $44,000 and...

Dexter_The_Trader

The USDT Dominance has experienced a significant -9% drop and is currently finding strong support at 5.6%. This support level raises concerns and warrants attention within the crypto market. Key considerations include: 1. A mere 8% rebound could potentially bring Bitcoin down to the $40,000 support level. 2. Positive momentum is observed in the Relative...

Dexter_The_Trader

JTO has formed a symmetrical triangle pattern and has currently broken above it. Entry: $2.62 to CMP. Stop Loss: $2.5. Targets: T1- $3.31. T2- $3.48. T3- $3.88. Note: Do not trade with high leverage; use SL to be safer. Accumulate the dip and book profits accordingly. Trade safely. Regards, Team Dexter.

Dexter_The_Trader

Hello traders, BTC failed to break above the $44k once again. Does it mean there's no hope for a breakout? Well, to answer that let us dive deeper into this analysis. - The $44k has become a strong sentiment for BTC; somehow, it fails to break and close above this resistance again. - If a rejection is repeated then $40.5k to $40.8k will once again be a strong...