BTC High Time Frame (HTF) View:
BTC dipped and is consolidating at November's NPOC (naked point of control - where most trades occurred).

Last few days, the Binance FUD has been spreading and that has caused panic selling.

At this juncture, BTC needs to reclaim 17.2k to maintain bullish momentum. If price breaks down & closes below 16.7k, you can start filling your bags with cheaper BTC again. Fyi, current price is under BTC production cost (read: it's on fire sale again).

BTC.D (Bitcoin dominance) View:

BTC.D broke out of the descending wedge. What it means is that BTC price is stronger than alts (as a whole) during the dip.
If BTC.D continues going up to 43.69% where the next resistance is, it's time to load your alts.
In the worst case scenario, it might even go up to 48%.

For bullish case, there is a possibility of BTC.D heading back down as it has hit top of the MFI range on the daily.

If BTC.D breaks down, then alts would recover faster.

Take a look at the BTC.D cheat sheet to understand better on the cycles.

Be the first now. Join our Telegram bit.ly/amdgtoken

This Is Just The Beginning!

BTC High Time Frame (HTF) View:
Price is consolidating under previous resistance. As mentioned, BTC has to flip above 17.2k to maintain the bullish scenario of hitting targets up north from 18.1-19-20.9k where the next resistances lies.

We still maintain that the price action seen in November is a deviation & probably a textbook play of Wyckoff Spring.

BTC Low Time Frame (LTF) View:
Zooming in on lower timeframes paints a good perspective of price action & what the whales are doing.

Looking at MFI (Money Flow Index) topping out with the red lines and then going down but not touching the bottom, it shows that the market wants to move up as the selloffs are getting less & less severe.

Our plan:
We've built our longs, took profits off & continued adding. We started adding at 15.8, and 16.6+ and now waiting to clear 17.2 before adding any more positions.

Be the first now. Join our Telegram bit.ly/amdgtoken

This Is Just The Beginning!

DXY Update:
Dollar is weakening and has hit our 2nd target of 104. Ultimately, the target would be below 100 for macro view.
This would mean stocks, commodities & crypto would benefit in the medium term.

BTC Low Time Frame (LTF) View:

Money Flow Index is almost bottoming and with the weak weekend Price Action, look for nearest support at 16.6-16.7k whilst resistance is at 17.1k.

BTC High Time Frame (HTF) View (Daily):
LMACD shows good momentum going forward. Once we clear 17.1k, BTC will go back into the descending wedge pattern, confirming that the past month's Price Action was a deviation. If 17.1k is cleared, next target is 18.1k.

How are we going to play this? 

Be the first now. Join our Telegram bit.ly/amdgtoken

This Is Just The Beginning!

BTC High Time Frame (HTF) View: We still maintain that this current Price Action is a deviation based on the daily chart. Looking at the Bitcoin Production indicator, we're in extreme discount mode with miners having to shut down their rigs & selling below electricity cost at a loss.