☄️Real quick yet important read for you guys here on the Bitcoin chart. Here's a big chart look of the weekly:
☄️We're back at this point by which we can either fall below $17,988 or find support above it to create a spring upon which we can move up, or we can fall below and take into account the fact that we may be possibly facing lows that we haven't seen since 2020. Now that's significant enough as it is.
☄️As the market in general faces a lot of turmoil and negative sentiments going around overall from the ever growing escalations between countries such as Russia to Ukraine or North Korea to Japan for example. We can't forget to include inflation continuing to rise alongside consumer costs and the Fed doing what it can trying to address the major issue at hand. None of this is particularly great and Bitcoin alongside the market as a whole hasn't taken any of it very great. Instead we've seen these big hits come at us from all directions it feels.
☄️Bitcoin's basically just approaching that make or break point and the next few days and weeks will be very important in whether or not we establish support here again and break back up or fall below that support and get hit hard most likely. This isn't usual but I wanted to be sure to give you guys a post on the big picture of things! And to add on here's today's chart for the short term look!
☄️Can see where we found support and how we extended that wick down below $18,000 already so you guys ought to keep an eye on things and use those EMA's on the shorter time frames per usual to identify action faster since these are lagging indicators of course and we already know that 200 EMA significance. We want Bitcoin to find support and regain that 200 EMA, that's what we're out looking for.
☄️Leaving the idea here for now since this has taken a lot more than I expected but it is after all one of the most important chart's we'll likely put up for a while with this big move incoming real soon. If you'd like to leave a like or follow and share it'd be much appreciated, just offering a humble Rock's opinion of the market as always. None of this is financial advice and is simply a Rock's thoughts once again, thank you.
~ Rock '
☄️We're back at this point by which we can either fall below $17,988 or find support above it to create a spring upon which we can move up, or we can fall below and take into account the fact that we may be possibly facing lows that we haven't seen since 2020. Now that's significant enough as it is.
☄️As the market in general faces a lot of turmoil and negative sentiments going around overall from the ever growing escalations between countries such as Russia to Ukraine or North Korea to Japan for example. We can't forget to include inflation continuing to rise alongside consumer costs and the Fed doing what it can trying to address the major issue at hand. None of this is particularly great and Bitcoin alongside the market as a whole hasn't taken any of it very great. Instead we've seen these big hits come at us from all directions it feels.
☄️Bitcoin's basically just approaching that make or break point and the next few days and weeks will be very important in whether or not we establish support here again and break back up or fall below that support and get hit hard most likely. This isn't usual but I wanted to be sure to give you guys a post on the big picture of things! And to add on here's today's chart for the short term look!
☄️Can see where we found support and how we extended that wick down below $18,000 already so you guys ought to keep an eye on things and use those EMA's on the shorter time frames per usual to identify action faster since these are lagging indicators of course and we already know that 200 EMA significance. We want Bitcoin to find support and regain that 200 EMA, that's what we're out looking for.
☄️Leaving the idea here for now since this has taken a lot more than I expected but it is after all one of the most important chart's we'll likely put up for a while with this big move incoming real soon. If you'd like to leave a like or follow and share it'd be much appreciated, just offering a humble Rock's opinion of the market as always. None of this is financial advice and is simply a Rock's thoughts once again, thank you.
~ Rock '
