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BTC and market update -

We were expecting 11k testing again but BTC failed to break the weak resistance zone of $10800-10890 even though it crossed that in it's first attempt with low volume..

Recent local resistance was 10350-10440 which was turned as local support which was also got broken..

Currently BTC is trading Comfortably at near strong support zone of $9700-9810

So your stop loss in profit zone must have hit resulting in conversion of BTC to fiat or stablecoins..
(Lesson for new members - Never Be greedy, when something has come in profit then always take partial profits and move stop loss above at entry and move stop loss as per its movement..
Here, after our BTC buy recommendations, BTC had broken local resistance, and also crossed weak resistance at first attempt so it is very obvious to take partial profits on both resistance and move stop loss in profit as recommended..)

Reversal support is 9250-9450 zone and let me tell you, it has been tested for 5 times recently..

8800 is demand zone..

Resistances are same-
10350-10440 local
10800-10890 weak
11070-11160 local between weak and neutral
11610-11700 neutral

As we said many times, BTC needs to close weekly above 11610 with some good volume and stability so as to move towards short term Strong psychological resistance of $15000

Recent 4H close (few minutes earlier) closed bearish so we may see 9610 zone to test if Daily close Below 10k psychological resistance..

+-This dump may be the effect of yesterday's bad fundamental towards Tether and Bitfinex losing battle again NYAG.

Alts Update -
BTC Dominance is just above 70% resistance but still not got broken and if BTC failed to hold 10k zone then we may see some small alts season

CMC update-
CMC is having next support to $243 Billion and important support at $216 Billion..

Currently selling pressure is looking high..

If your Stop loss has hit in profit zone then wait for rebuying..

Binance ✅

Huobi.pro
#RSR/BTC Take-Profit target 1 ✅
Profit: 3.8462% 📈
Period: 1 Hours 13 Minutes ⏰

Binance
#RVN/BTC Take-Profit target 1 ✅
Profit: 5.8359% 📈
Period: 8 Days 19 Hours 13 Minutes ⏰

Binance
#RVN/BTC Take-Profit target 2 ✅
Profit: 12.4133% 📈
Period: 9 Days 11 Hours 8 Minutes ⏰

Binance
#MANA/BTC Take-Profit target 1 ✅
Profit: 2.6316% 📈
Period: 1 Days 6 Hours 56 Minutes ⏰

Our AMA will be done in last week of August..

And 2 lucky members will get free membership of Altcoins premium for a month..

Binance
#CND/BTC Take-Profit target 1 ✅
Profit: 2.8169% 📈
Period: 15 Minutes ⏰

Binance
#MANA/BTC Take-Profit target 2 ✅
Profit: 9.9415% 📈
Period: 1 Days 18 Hours 9 Minutes ⏰

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Worked exactly well..

BTC failed to break exactly our mentioned zone and resulted in breakdown as expected..

It was a FREE treat for you guys..

At the time of this message in this public channel, BTC was trading in 9700-9810 zone and as mentioned here it broke the support and expectedly tested 10299 on Binance means $9250-9450 reversal support zone..

So still some possibility of 8800 demand zone and 8400 CME gap to be tested if it fails to hold this zone till weekly close..

Trade with a strategy always.. Don't do blind trades..

Probably on Sunday

BTC and whole market update -

BTC after 3 days of silence finally started to be volatile..

BTC monthly close was not as good as before to be Bullish and it only suggest some small bounces rather than a big pumps though situation may change on upcoming weekly..

Reversal support 9250-9450 is still making a very good support to BTC and saving it many times, now it is it's 6th Consecutive time to hold since last few weeks..

Current supports and resistances -
Supports -
$9574-9646 local weak
$9250-9450 reversal support
$8800 is demand zone which can act as a support
$8280-8440 is major support zone for now..

There is CME gap $8440-9000 zone, also big gap from 7200 zone..
There is one unfilled gap at 11700 zone..
CME gaps usually gets filled 92 times out of 100..

We can see a testing of reversal support yet again and if 8800-8910 gets broken we can see 8400 zone..

Resistances-
$9810-9900 zone weak
$10710-10800 neutral
$11520-11610 strong
$10260-10350 Local
$10000 psychological

CMC update -
CMC charts are also not looking Bullish here until a big fundamental makes a move..
CMC having support at $239-243 billion zone neutral
While $216 billion is important support to be considered here..

$252 Billion is weak resistance which is currently being tested..
Next resistance will be $272-277 billion zone..
(coinmarketcap.com)

BTC Dominance -
BTC Dominance is facing resistance at 72% (tradingview).. If it breaks 72.07% zone alts can undergo some more dump and if resistance works well then small relief for Alts..
So overall, Alts are still not safe for a HODL trade..

Marketcap excluding BTC-
Probably the 'Do or Die' situation for Alts..
Currently it is at $68 billion cap but not much strong.. Also at support at the moment so little bounce is expected if BTC gets back to reversal zone..
For Total market cap (excluding BTC), $58-60 Billion is LAST HOPE OF any possibility of Alts season..
Resistances -
$72 Billion weak
$81 Billion important

Now let's move to some fundamentals -
There lot of things in upcoming weeks like ETF deadline in October (BTC has pumped to ATH without ETF, so ETF is not necessarily needed but if gets approved then lot of big players will pump it to the moon, if rejected there can be small panic ),
Bakkt Platform starting at 23rd of September and as we told earlier that Bakkt will look to buy BTC cheaper and it can cause the dump, it is happening the same.. We can see some uptrend nearing to the launch date.. Bakkt will launch wallet in 3 days..
Also, Lot of good things are there too, like Telegram launching own token, some good news from Portugal and Switzerland and so on..
Also there is important hearing in India upcoming days..

Bitfinex will undergo maintainance/upgrade in few minutes so there can be some volatility before they resume it.. Whenever Binance and bitfinex underwent maintenance or upgrade , there has been some quick movements on market so it can be interesting to see..

Meanwhile, there is no need to panic as this is the market cycle and it has to follow..

Trade safe with us.. If Any doubts, be free to ask @team_ucs1 in Trollbox..

Keep supporting..

Thank you ❤️