CryptoDrakkar

CryptoDrakkar Updated 

Russel in the resistance zone. Might finish forming local H&S pattern and will be ready to go for correction.

CryptoDrakkar

#stocks Everyone is currently awaiting the approval of the US national debt increase and, for some reason, they think it's very bullish. But why isn't it? The S&P index is essentially stagnant, while the Nasdaq is growing. However, this growth is driven by the seven giants, and if they are removed from the list, the Nasdaq has only grown by about 1% since the...

CryptoDrakkar

#BTC 9D Lets take a look at 9-day timeframe. We have a hanging-man pattern. Current support is holding at last breath. I am not sure what has to happen, for us to keep rising at current point while we below 30k. Next support is 24-25k. But looking at the sentiment, everybody already waiting at this level… Ideal situation (in case we continue down move) - is...

CryptoDrakkar Updated 

$BTC 4H We can see how price is slowly going to fill yesterday's low. Well, basically, there is nothing catastrophic happened to BTC (just another -20%). Its hard to say, if the drop is done, would be great to see some flat at least. In case we continue to drop, the next interesting zone is 15800-16250 (around -7% from current price). For long term investors,...

CryptoDrakkar

The chart is pretty interesting here, on a monthly view.  During the covid crash in 2020, the total down move was around 32%. Today, in 2022, the correction move from the top is 33.85%, and it already made a nice bounce in June with the bullish engulfing candle.  So, there is a pretty good possibility, that the bottom was already set and we could enter the...

CryptoDrakkar

Here we go, another month ended. BTC doesn't look anywhere strong on monthly chart. Formed a range. If the current support is broken, there is no much support zones on the way to 13700 area. Probably one small around 16-17k. For the bulls, they need to push and hold the price above $14k, to continue at least technical correction. Anyway, its good to observe at...