DiveInDefi
On a bullish note: 103k is the current 50D MA for BTC. A decent support but not the greatest. 200W MA is at 55k. On a daily, we are below the 21, 50 and 200D MA
I would expect at least a decent bounce soon with the 50W MA supporting as well as SPX that took a 1% hit today hovering above a support as well.
DiveInDefi
loking very promising now.
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Wick low hasn‘t held, 50D MA hasn‘t held.
100k is the last support. Then it gets in real bear market territory. But it feels so much like a bear market already.
Wick low hasn‘t held, 50D MA hasn‘t held.
100k is the last support. Then it gets in real bear market territory. But it feels so much like a bear market already.
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so far not so much convincing buying. At least we have held.
If bears stop selling we can consolidate but price action doesn't indicate a lot of enthusiasm
If bears stop selling we can consolidate but price action doesn't indicate a lot of enthusiasm
DiveInDefi
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Need weekly close above 103k for bullish reversal.
A few days left. Shorting into 100k is risky but bulls need to get into control again
A few days left. Shorting into 100k is risky but bulls need to get into control again
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DiveInDefi
I‘ts not like we gonna burst tomorrow. We can go up further for months, even years. Printer is already on despite high rates. Majority of other countries have already cut way lower than the US. Anyways, all of this is not healthy at all for the markets. It…
Seeing companies breaking expectations and yet dumping heavyily.
Not sure but this might be the beginning.
Nvidia quarter earnings Nov 19th.
The reaction might be the most important for the market.
Not sure but this might be the beginning.
Nvidia quarter earnings Nov 19th.
The reaction might be the most important for the market.
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