Hello beautiful person!
Just wanted to pop in and share some thoughts on the progress of BTC and market.
So, the stock market seem to be still down; but GOLD and SILVER has seen almost 5-10% gain. This could indicate that investors are hedging against inflation and other means when central banks all over print massive amount of currencies and flush the market.
Interestingly enough, BTC increased in price along with GOLD; which kinda seem to have a correlation now.
Anyways, the thing I saw now is that the BTC price is at the lower end of the triangle I drew up earlier this month in my previous articles.
If, BTC manages to cross this resistant line and hold above it for more than a couple of days; that would be a good indication that BTC is back into game for further increasing in the triangle.
However, I do not think it is likely that BTC will stay within this triangle, but rather bounce off and go down towards 5550 EURO.
The triangle:
Triangle more zoomed in:
As always, wish you the best and stay safe out there.
Just wanted to pop in and share some thoughts on the progress of BTC and market.
So, the stock market seem to be still down; but GOLD and SILVER has seen almost 5-10% gain. This could indicate that investors are hedging against inflation and other means when central banks all over print massive amount of currencies and flush the market.
Interestingly enough, BTC increased in price along with GOLD; which kinda seem to have a correlation now.
Anyways, the thing I saw now is that the BTC price is at the lower end of the triangle I drew up earlier this month in my previous articles.
If, BTC manages to cross this resistant line and hold above it for more than a couple of days; that would be a good indication that BTC is back into game for further increasing in the triangle.
However, I do not think it is likely that BTC will stay within this triangle, but rather bounce off and go down towards 5550 EURO.
The triangle:
Triangle more zoomed in:
As always, wish you the best and stay safe out there.