Is the crypto market creating a bulltrap? #bitcoin #ethereum
Crypto TOTAL market cap fell back into the price channel once more, after the current situtaion in ukraine keeps the markets on it's heels.
Also that short term demand line got broken as well.
Depending on how reliable the volume is in the TOTAL chart, the volume in the selloff was pretty huge as well.
We might see some violent moves in the crypto market soon, either to the up- or downside.
It mostly will depend on how the situation in the ukraine turns out, as it seems that is the biggest concern markets have at the moment.
Do NOT forget about the FED though, they probably might get jealous with all the attention the ukraine situation gets, so they might drop something too soon :D
Most importantly, stay calm and don't overreact to the current situation and keep your spirits up!
Good luck with your trading!
Also that short term demand line got broken as well.
Depending on how reliable the volume is in the TOTAL chart, the volume in the selloff was pretty huge as well.
We might see some violent moves in the crypto market soon, either to the up- or downside.
It mostly will depend on how the situation in the ukraine turns out, as it seems that is the biggest concern markets have at the moment.
Do NOT forget about the FED though, they probably might get jealous with all the attention the ukraine situation gets, so they might drop something too soon :D
Most importantly, stay calm and don't overreact to the current situation and keep your spirits up!
Good luck with your trading!
Hallo und herzlich Willkommen bei 10xTrading -
Dein Kanal, rund ums Thema Charttechnik !
Dein Kanal, rund ums Thema Charttechnik !
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