Hello everyone,
Predicting BTC and general crypto market GREEN for the weekend based on how BTC is holding the upward channel trend line.
In general the crypto market is VERY risky at the moment due to the incomming rate hikes in the USA as well as a potential conflict between Russia and Ukraine. I believe that we are still due for a more shocking correction (at least 28k), but first we bounce to the 0.78 fibo.
Consider channel broken and sell if the 8hr candle CLOSES below the upward channel support line (~40k short term)
Resistances:
1. 42k
2. 44k
3. 50k
Supports:
1. 40k
2. 36k
Predicting BTC and general crypto market GREEN for the weekend based on how BTC is holding the upward channel trend line.
In general the crypto market is VERY risky at the moment due to the incomming rate hikes in the USA as well as a potential conflict between Russia and Ukraine. I believe that we are still due for a more shocking correction (at least 28k), but first we bounce to the 0.78 fibo.
Consider channel broken and sell if the 8hr candle CLOSES below the upward channel support line (~40k short term)
Resistances:
1. 42k
2. 44k
3. 50k
Supports:
1. 40k
2. 36k