I've highlighted some potential key levels for dYdX
Bitcoin is currently struggled to push through todays' resistance at 22650 and puked down to around 22600 which signals heavy selling. We can also observe some major breaks of bullish structures which adds very strong confluence and probability to this idea.
Market is currently in process of correction from that huge rally we had during the past week or so. 1250 level on ETH is very important for buyers to defend as it is where we broke out from and was previous heavy resistance, under that level we're entering heavy bear territory which would lead us to somewhere between $500-600 where I think we will potentially...
Bitcoin is currently in a very big consolidation range. There is extreme market pressure right now due to a lot of different negative global events - China bank run, US recession and high inflation, Euro collapsing.... Market had nuke when 9.1% CPI dropped but quickly started rallying, which is exact opposite of what you'd expect. There could be multiple reasons...
Market is currently at key level, waiting for CPI data to release on wednesday
Market has high directional uncertainty due to CPI data on wednesday, it would be wise to stay risk off and only trade strong level confirmations
Market has high directional uncertainty due to CPI data on wednesday, it would be wise to stay risk off and only trade strong level confirmations
I believe that we will see higher prices on BTC as equities rally and we fill upper imbalances
This is my personal long-term analysis of Bitcoin. I'm a very strong believer of crypto assets, however, I still see more downside in BTC to come. I strongly believe that the current and coming economic decline (US recession, EU decline, Ukraine, China stims....) will push the price of Bitcoin to the 12000 level where we will retest as of yet an untested support...
I strongly believe that the current and coming economic decline (US recession, EU decline, Ukraine, China stims....) will push the price to the indicated level.