In the long run for sure, the Crypto market is in a bull trend, but as a speculator I'm interested in what it will do in the next week or two, and let's be honest, is not looking bullish now.
After the break under 2.4T support, we can see acceleration, and also, the rise from the recent bottom is more a dead cat bounce than a leg up.
At this point 2.4 is a clear horizontal resistance but not even a break above won't make me bullish
For this I need to see it above 2.5-2.55 confluence resistance, only then I will hope for a new ATH for the capitalization.
After the break under 2.4T support, we can see acceleration, and also, the rise from the recent bottom is more a dead cat bounce than a leg up.
At this point 2.4 is a clear horizontal resistance but not even a break above won't make me bullish
For this I need to see it above 2.5-2.55 confluence resistance, only then I will hope for a new ATH for the capitalization.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.