Tamil₿TC -தமிழ்பிடீசி
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Ethereum ecosystem visualized
#BTC UPDATES/TECHNICAL ANALYSIS

As per coinmarket table that is total of 182 Billion Dollar, Bitcoin Market cap comes around 92.6 Billion Dollars and Dominance is around 50.9%

As per btc chart, the movement of btc is forming triangular pattern, we need to see if btc breaks this triangular pattern upwards then we can see btc surging at $5800 - $5900 this is quite possible if the trianglular pattern breaks upwards.

Second Scenario is if Btc breaks below the trianglular pattern $5090 then we can see btc bearish movement and can go around $4700 - $4800 and even $4600.

However things moving quite positively for now and chances of upward trend is forseen as btc is having strong support level.

Summarizing bitcoin pattern - We need to see which momentum is going to happen for bitcoin, till then trade carefully using stop loss.

Looking at Ethereum on the other end, Eth stands at $180.4.Support level for Eth is at $173.If we see btc btc going up again then Eth can easily chase above $200 ☺️

Btc movement is crucial at this movement and we need to see which level it would be touching again ($5317) if we see triangle breakout holding at Fibonacci 61.8
TA explained - Moving Average Convergence Divergence (MACD)

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