Ceypto Market Analysis 20th June
💥🔅20th June.....
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🔵 TMC is @ 291.5
Slightly up from yesterday and it's ROC is now at 98.8.
Above 100 it will be in positive zone. In this bearish scenario , it's entry in positive zone could be a good relief.
Now TMC needs to sustain above 300 for days together and in any case it should not fall below 270.
In this trapped mkt both trading and investment is difficult. Just wait. No need for hurry.
🔵 My TOP15 index also inched up to 174 and it's momentum is now at 98.3
Yesterday it could not sustain at higher levels. This is serious. Bear grip is so strong that this index met with severe selling pressure .
Unless this index shows strength do not jump. Just wait. Avoid trading and investment . Sideways trapped mkts are frustrating.
Always trade in a trending mkt. This index should first sustain above 180 and then above 190. Only above these levels we can expect a trending mkt.
🔴 BTC @ 6730
IN this fragile mkt as per my expectation it tried to rally but could not cross 6850.
Btc is at a very crucial and critical point . Right now for today just concentrate on 6650 on lower side and 6850 on upper side. As mentioned no need for hurry.
👉 We can conclude that still mkts are trapped. Avoid swing and day trading.
Try to get guidance from TMC, TOP15 index & BTC.
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Thanks
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⭕ Levels are dynamic.Particularly traders should know how to put a proper stop loss.
⭕ All exchange traded products carry RISK. Since your CAPITAL is at RISK , classify your such deployed capital as RISK CAPITAL. Even with this risk capital conduct significant due diligence.
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