Holding support and bullish RSI divergence. Look to FOMC minutes Wednesday and Initial jobless claims on Thursday for possible next moves. If dollar shows more strength(dxy) crypto will continue to face significant headwinds. Happy 2022 and safe trading!
It appears DXY index may be in the early stages of a head and shoulders formation with a double top on the head. Potential price shown in Q1 of 22' would line up with High for crypto many are talking about. Trade safely.
May have a head and shoulders on the daily. Disappointing retail sales and or Jobless claims could send it lower tomorrow.
Playing with with retracements and time fibs. Probably nothing, Just playing around. :)