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irCryptoClub - BTC/USDT - USDT Dominance - Total Market Cap

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BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC/USDT

Over the past 24 hours, the price has dropped to around $ 37,700, and with repeated reactions to short-term ceilings, the price continues to fluctuate around $ 38,500 to $ 39,200.

However, despite the persistence of Bitcoin, the price is expected to eventually move to $ 37,000 by May 3, after which it will move towards the targets mentioned in the main analysis to record a positive wave.

If the mentioned scenario is realized, the hypothetical movement of Bitcoin will be presented in the form of a chart according to the time analysis ...
Comment:

USDT Dominance

With the beginning of the downtrend, the market has reached the canal ceiling again and the current wave is expected to continue in the range of 4.85%.

According to Bitcoin Analysis and comparison with Domain Teter, if Bitcoin moves towards $ 37,000, Domain Teter will hit the ceiling and then enter the correction.
Comment:

Total Market Cap

The market volume index will also support the short-term trend, assuming that the price of bitcoin moves towards $ 37,000, accordingly, this index will rise simultaneously with the price of bitcoin and will increase the credibility of bitcoin analysis.
Comment:
Description

According to the analysis of indicators and re-examination of the Bitcoin chart, the range of $ 37,000 and perhaps a little lower is the most important and valid market limits to continue the positive trend, and it can be said that the analysis of all 3 indicators confirms the uptrend after hitting this support.

A very important point in the analysis of both #USDT_D and #TOTAL indices is the impact of Tetram dominance on the long-term ceiling and the incompleteness of the uptrend wave. Give.

Given the limits specified for the ceiling and floor of both indices and assuming that the share of bitcoin (dominance) in the market volume is constant and also assuming that the Tetris dominance index will not exceed its long-term ceiling, and also assuming completion The downward volume of the volume index and the calculation of both the current price of bitcoin can be concluded as follows:

The price of Bitcoin will probably see its real price floor around $ 36,000 to $ 37,000.

As previously announced, in any scenario, the price of Bitcoin should return to $ 44,700 at least once, or at least see numbers above $ 40,750, and mark the new trend following the completion of this wave.

The results of today's indicators also confirm the predicted uptrend, and the only difference with the previous analysis is that the market is likely to rise for a relatively long period.

According to the content provided during the last two days, the most important range for the market is the range of $ 37,000 and the total loss of the market penetration of bitcoin prices is below $ 36,000.

Good luck

4/28/2022
Trade closed: target reached:
USDT.D

It has moved to the ceiling again in the specified time and has currently reacted to the resistance range ...

Total Market Cap - TOTAL

It is moving towards the announced support, as long as the market volume index is above $ 1650 billion, the analysis is valid and prices will be able to return.
Trade active:
BTC/USDT



As expected, the price correction started exactly on April 26, and we saw a drop in prices to around $ 37,300.

Tomorrow was the third, and according to the time analysis and assuming it is valid, the price correction should be completed and a new short-term trend should begin.





According to the above, by checking the chart for 15 minutes, the possible price trend will be in the form of a chart.

Also, due to the recent downward wave of the Bitcoin price floor, it is estimated at around 36,600 and the market loss limit will be in this range.

If necessary, the analysis will be updated again.
Trade closed: target reached:
No comment ...
This is wonderful

With the entry of 40,200, the price of bitcoin is expected to stabilize and we will see a temporary growth in altcoins.

If necessary, the analysis will be updated again.
Trade closed: stop reached:

After crossing the short-term ceiling and a fake break, the price returned below the support level and moved towards the main support.

In the main analysis of Bitcoin, we mentioned the downtrend scenario of the market, but we expected another positive wave from the market, which unfortunately was not completed and the uptrend was filled to $ 44,700.

Currently, despite the fact that the price is in the support range announced in the main analysis, due to the fictitious upward movement of the last 48 hours, the validity of this range as a market price floor has been lost and it is expected that the downward trend based on the downtrend scenario To begin.

Accordingly, according to the chart schedule and validation of the ranges, the price is around 38,500 market price ceiling and as long as the price is lower, the downside scenario will be valid.

Support for the return of the price in the 4-hour timeframe is around $ 24,000-27,000, and with the continuation of the current situation, the price will be doomed to fall to the mentioned level.

The list of currencies introduced on May 1 is still above the buying range and is not currently at a loss. Therefore, we recommend that if you have made your purchases at lower points, keep a 5% loss and sell the bitcoin if the price returns to $ 38,500.

If the price stabilizes above 38,500, the analysis will need to be updated again and will be done as soon as possible.

Analysis in shorter timeframes will also be available soon.

Crypto Club TA team

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