Is war negative news for cryptocurrencies? 🧐🗣️🏳️Hello everyone,
The title clearly asks a question that each of us should ask ourselves.
I buy at the bottom and I don't wait for bigger drops, because in my opinion there may be no more of them!
Today in the news, each of us read about Russia's invasion of Ukraine, which took place.
The stock market reacted immediately, but was the decline strong in relation to the strength of the information?
Absolutely not! Bitcoin does not want to fall further. So what bad would have to happen to smash Putin and move the price down?
We have to wait until the next day to be able to wonder if it is really a hole.
In my opinion, people will flee to cryptocurrencies from fear of losing funds, not working banks
or hacker attacks on access to electronic banking.
Therefore, Im buying some extra to my wallet and waiting for the situation to develop.
Everyone buys at these prices.
On the chart, we are currently in a key place for BITCOIN AND ETH.
The last trough for us is the final resistance to going down to $ 1,500. If we beat him.
If the price rebounds, it could make a beautiful doublebottom and shoot up to the resistance of $ 3,200.
Comment and like,
Greetings.
Lastsupport
BTCUSDT 40K$ support zone can pump price As we can see Strong support of 40K$ now is ahead and we can expect at least a local pump or range here like green arrows on the chart.
As we said before only if the 40K$ support zone break market is dead and we can expect more correction and fall here else we are looking for local rise and range.
Short positions that shared at the top:
and we can expect 40K$ bottom for a while if no breakout happens.
DISCLAIMER: ((trade based on your own decision ))
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ONE/USDT Update: Testing upwards moving lineOne Harmony currently is volatile like crazy.
We even test the upwards moving line we did draw several weeks ago and did not expect to hit it at all.
Now here we are now testing the last support line before we potentially fall back to 0.03$.
We expect this support to hold unless people can't hold themselves and continue with this FUD all around.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.