The long hard fight continues against the downtrend. Sure, the housing market is done.... but if there is life relative to the safe haven there may be one more asset rally yet
The hope/despair line continues to provide an inflection point for the markets.... If the market can hold this, would be bullish. Stay tuned.
BTCUSD accumulating under the most important trendline. The line needs to be recovered for any hope, otherwise 14k is next big trend support (there may be some horizontal supports around 15k also)
take a look... this could be for real.... still needs to confirm
14.7k target never reached, closing above these lines of resistance would put things back in the bull regime
Now to see if hope rules or despair continues. crossing the line will cause a squeeze for sure
CPI will tell the future here this line needs to hold for the melt-up scenario
still possible to regain support here, but at the moment this doesn't look pretty
at least a bounce should be expected here presuming no new crypto disasters... it's par for the course at this point though isn't it? not financial advice
Will there be a resumption down now? Or is the mini-alt season over and now BTC will (eventually) lead us out of this winter?
21.7k channel target clearly invalidated Now the most important trendline in crypto and the horizontal support are key. For the long term, can't go wrong nibbling on BTCUSD here. Short term who knows... is this the last of these wacky contagions? we are about to find out whether ETH and BTC are the same as FTT and LUNA Not Financial Advice
A resumption off this line would be great for risk assets A breakdown --- more pain to come
If this breaks through the middle of the Bollinger band, could go to 23.8k
RSI on the 4h is high and the hope-despair line is about to be tested. If you are a bear, short If you think the bear market is over, this line must break first, then it is on to the go-line
I was actually thinking BTCUSD would dominate and break through this line, but an absolutely textbook rejection. Risk on could be here, but a re-test is always possible.