Crypto VIP Signal

2021-09-30 13:01:00 US Dollar Index (DXY) analysis:

Recently you have seen or heard a lot about DXY and its impact on the market. So what is US Dollar Index (DXY)

The US Dollar Index is used to measure the value of the dollar against a basket of six world currencies - Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. That means if DXY goes up the other currency value goes down and vice-versa.

Bitcoin is also inversely related to US Dollar Index (DXY) means if DXY goes up then BTC and crypto market price dumps and if DXY goes down then BTC and crypto market price pumps.

DXY formed a double bottom on the weekly chart and now almost completed the pattern. The major resistance for DXY is 94.785 and if DXY breaks above this resistance then we see a heavy sell-off (dump) in the crypto market. Although this is weekly major resistance so we expecting a reversal from this resistance that gives some space for BTC and crypto market rally. Keep an eye on DXY. The next 2 weeks are very crucial for BTC Open / Comment

2021-09-30 09:58:01 SOL again tested the $130 support levels and bounced from there. The resistance remains the same of $153 and need to be broken to turn bullish. SOL is also trading between the support and resistance and unable to break either side yet. Open / Comment

2021-09-30 08:37:01 Bitcoin is doing the same thing. BTC dumping at night and go below $41,000 and instantly bounced back from there. BTC breaks the $42,500 and now the next major resistance is $43,800-$44,200 and BTC need to break this resistance this time. If we get a rejection from this level then we might see price retesting $40,000-$40,500 support again. This is no trade zone. Wait for a breakout or rejection from the resistance. Open / Comment

2021-09-29 20:05:01 MATIC analysis:

MATIC is now trading at the major support of $1 area. MATIC need to hold this level. If MATIC breaks $1 and give a candle close below it then we see more downwards movement. The last support for MATIC is $0.65-$0.7 area for this bull run. MATIC is facing downtrend line resistance and also forming a symmetric triangle, a breakout in upward direction will send MATIC towards $1.4 resistance and major resistance is at $1.65-$1.7 area. Open / Comment

2021-09-29 18:57:02 Preparing MATIC analysis Open / Comment

2021-09-29 14:47:50 The total cap is also trading between the support and resistance. So far Total marketcap is holding the major support. This is key level for the market and if $1.7 trillion support broken then we see huge sell-off. Also BTC is holding $40,000 so far. Market will turn bullish after total marketcap hold above $2 trillion. Keep an eye on this. Open / Comment

2021-09-29 11:37:09 Binance upgrade is completed and trading will start at 9:00 AM UTC (23 minutes from now).

https://www.binance.com/en/support/announcement/f72eb94584fa47a586127ff5149ef83c Open / Comment