❄️So we just chillin as usual in what seems to be a liquidity channel as both sides have simply been grappling though honestly there isn't much price action and that's to be expected, with everything that's been going on this week and Credit Suisse possibly facing some rough financial troubles it's got the market in jitters alongside the FED's ever increasing stress to clamp down on inflation.
❄️So basically whales in Bitcoin aren't doing too much or throwing a lot as usual since nobody is really too sure what's gonna happen next and even the slightest of bad news like Credit Suisse facing a Lehman moment could push the FED into a credit crisis and most of the major world market's aren't looking the best either with even China telling it's banks to get ready to sell USD in order to buy up JYP yuan in order to boost back up the price as it hit's 0.14 against the USD. That's the lowest it's been since 2020 when it hit 0.14. Not to mention the UK's pound tumbling. World markets are simply taking a beating.
❄️Bitcoin itself has been treading on thin ice still trying to break that $19,551 ICE wall as we'll call it. Imagine the ICE wall in Game of Thrones, yeah. We've retested $18,900 twice already and simply keep regaining and losing that 200 EMA but at some point something's got to give so whether or not that'll be a steamy rise up and through that ICE or down and below freezing will be up to the next major market announcement or big thing if I'm being honest.
❄️Nobody's really trying to jump in big with the market conditions and things looking like we're possibly facing a recession thanks to a lot of economic factors. Either way it's tough figuring what's next with so many things in play but hopefully we can in the very least keep a hold of this 200 EMA and break through the Ice wall this time. That would be nice otherwise should we face resistance again we can definitely fall again if we lose that 200 EMA but either way things are looking real volatile ahead. I'll do my best to keep you guys posted as always.
❄️If you'd like to leave a like or follow it'd be much appreciated, you already know me, just providing what I can in my take and ideas on the market, none of this is financial advise and I simply offer my take on things as I see them. Thank you and have a good one!
~ Rock '
❄️So basically whales in Bitcoin aren't doing too much or throwing a lot as usual since nobody is really too sure what's gonna happen next and even the slightest of bad news like Credit Suisse facing a Lehman moment could push the FED into a credit crisis and most of the major world market's aren't looking the best either with even China telling it's banks to get ready to sell USD in order to buy up JYP yuan in order to boost back up the price as it hit's 0.14 against the USD. That's the lowest it's been since 2020 when it hit 0.14. Not to mention the UK's pound tumbling. World markets are simply taking a beating.
❄️Bitcoin itself has been treading on thin ice still trying to break that $19,551 ICE wall as we'll call it. Imagine the ICE wall in Game of Thrones, yeah. We've retested $18,900 twice already and simply keep regaining and losing that 200 EMA but at some point something's got to give so whether or not that'll be a steamy rise up and through that ICE or down and below freezing will be up to the next major market announcement or big thing if I'm being honest.
❄️Nobody's really trying to jump in big with the market conditions and things looking like we're possibly facing a recession thanks to a lot of economic factors. Either way it's tough figuring what's next with so many things in play but hopefully we can in the very least keep a hold of this 200 EMA and break through the Ice wall this time. That would be nice otherwise should we face resistance again we can definitely fall again if we lose that 200 EMA but either way things are looking real volatile ahead. I'll do my best to keep you guys posted as always.
❄️If you'd like to leave a like or follow it'd be much appreciated, you already know me, just providing what I can in my take and ideas on the market, none of this is financial advise and I simply offer my take on things as I see them. Thank you and have a good one!
~ Rock '
