🔰 Market Upadate
📌 Bitcoin is moving sideways giving alts a chance to recover a bit. I am currently seeing a symmetrical traingle forming in the 1h chart. A symmetrical triangle usually breaks according to the trend. I am closly keeping my eyes on it. The chance of breaking down is very high and the targets would be the previous support at 10.2k and the 21W(Weekly) EMA 10095$. As long as we don't close the weekly candle below the 21W EMA we can bounce back from 10k levels.
📌 The alts are recovering a bit but another breakdown of bitcoin will bring the alts further down therefore manage your position well.
📌 The winner in my portfolio is #FTM while i got good entries in other alts and some bids are still placed. I got stopped out from #Band though. That is all for now but i am keeping track of market if anything major happens i will inform.
Have a good day
P. S. I am looking at chainlink right now, let's see if we can get good entry opportunities in it.
📌 Bitcoin is moving sideways giving alts a chance to recover a bit. I am currently seeing a symmetrical traingle forming in the 1h chart. A symmetrical triangle usually breaks according to the trend. I am closly keeping my eyes on it. The chance of breaking down is very high and the targets would be the previous support at 10.2k and the 21W(Weekly) EMA 10095$. As long as we don't close the weekly candle below the 21W EMA we can bounce back from 10k levels.
📌 The alts are recovering a bit but another breakdown of bitcoin will bring the alts further down therefore manage your position well.
📌 The winner in my portfolio is #FTM while i got good entries in other alts and some bids are still placed. I got stopped out from #Band though. That is all for now but i am keeping track of market if anything major happens i will inform.
Have a good day
P. S. I am looking at chainlink right now, let's see if we can get good entry opportunities in it.