$BTC Premium Analysis
August 8, 2021
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BIAS:
Mid-Term: Bullish
Short-Term: Neutral
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Less than 7 hours away from our weekly close and BTC is still holding extremely strong above its newly adjusted POC (Point of Control) at $41,588.5. That's the main level we'll be looking for a potential retest and spot/low leverage long positions.
After breaking out of such a high volume consolidation range, we can expect this POC to hold as support and probably take us to our new Red Box resistance (also our original mid term target) at $50,532).
It all depends on our weekly close now, and we're likely having one of the most bullish ones in a very long whileβ¦
Up Probability: 57% - Down: 43%
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August 8, 2021
--------------------
BIAS:
Mid-Term: Bullish
Short-Term: Neutral
--------------------
Less than 7 hours away from our weekly close and BTC is still holding extremely strong above its newly adjusted POC (Point of Control) at $41,588.5. That's the main level we'll be looking for a potential retest and spot/low leverage long positions.
After breaking out of such a high volume consolidation range, we can expect this POC to hold as support and probably take us to our new Red Box resistance (also our original mid term target) at $50,532).
It all depends on our weekly close now, and we're likely having one of the most bullish ones in a very long whileβ¦
Up Probability: 57% - Down: 43%
--------------------
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#BTCUSDT
π WeTrade :: Signal Update π
Crypto name :: Bitcoin (BTC)
π Signal added :: 08-08-2021 (TODAY)
β Target 1 β
β Target 2 β
β Target 3 β
β Target 4 β
β Target 5 β
Profit % :: 24.88% Profit (10x)π₯
π WeTrade :: Signal Update π
Crypto name :: Bitcoin (BTC)
π Signal added :: 08-08-2021 (TODAY)
β Target 1 β
β Target 2 β
β Target 3 β
β Target 4 β
β Target 5 β
Profit % :: 24.88% Profit (10x)π₯
π WeTrade :: Signal Update π
$BTC Dominance, Historic Chart
Timeframe: 1D
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Current BTC Market Dominance: 47.25%
Mid Term Resistance: 47.60%
Mid Term Support: 43.75%
With a short term bounce from 45.70% in the last 24 hours, BTC market dominance has contributed greatly to our latest bearishness. For now, we should have nothing to worry about at we remain under our main mid term resistance and weβre likely rejecting it before heading down to our mid/long term support (43.75%)
β΄οΈ What can we expect when this happens? Well, our Premium Members know exactly what the game-plan is, and theyβre ready to executeπ
--------------------
Yours truly,
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Timeframe: 1D
--------------------
Current BTC Market Dominance: 47.25%
Mid Term Resistance: 47.60%
Mid Term Support: 43.75%
With a short term bounce from 45.70% in the last 24 hours, BTC market dominance has contributed greatly to our latest bearishness. For now, we should have nothing to worry about at we remain under our main mid term resistance and weβre likely rejecting it before heading down to our mid/long term support (43.75%)
β΄οΈ What can we expect when this happens? Well, our Premium Members know exactly what the game-plan is, and theyβre ready to executeπ
--------------------
Yours truly,
WeTrade Signals π
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