Bitcoin has plummeted after the Russian invasion on the Ukraine. We were personally hoping that Bitcoin would become another safehaven asset, but with institutional holdings on balance sheets, it is moving with stocks at this point. We sold off drastically from what appeared to be an inverse head and shoulders pattern forming at around 
39K, smashing through several major levels in the $30K's. However we are currently finding support at $34.9K and $34.0K. If we tumble further then $32.3K is the next target. If we are able to recover a bit, then $36.7K is the next target.
39K, smashing through several major levels in the $30K's. However we are currently finding support at $34.9K and $34.0K. If we tumble further then $32.3K is the next target. If we are able to recover a bit, then $36.7K is the next target.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.