A quick Crypto Market and Bitcoin analysis.
Pointers:
a. Looks like we are currently holding on to our support @32K range, in the case this support will fail a quick soak on the 28K-29K range is expected and possibly close the Daily Time Frame above the 30K range.
b. If the 30K will not hold, our expected next support is the 22K-25K range, somehow it aligns itself to the golden pocket Fibonacci Retracement range.
c. So far my ultimate support range is the 18k-20K, from there I'll be selling my House and Lot to buy all Bitcoins I can accumulate (In my dreams).
Sidenote:
All these side actions in between 41K down to 28K are just "NOISE" to shake all the weak hands. Looking at all the fundamentals, the market is actually pointing upward, Hashrate are all good and secure, institutions and countries are going in and continuously buying in on these levels, the infrastructure and network architectures are being laid down e.g. Lighting Network, Greener Power Solution, DeFi, NFT, Dapps, Layer 2, etc. Including Cross Parachains and Blockchains development.
What does it imply in the market, the "Accumulation Period" sway lasts a little bit longer than we all expected. We might be on that stage, of entering the Bear Market; the big question now is "Until when it will last?"
Bullish Scenario:
After laying down all these Bearish sentiments, here is something to light up and look forward to. Comparing the Volume of the last sellout to the latest dump today, we can easily notice the huge difference.
This somehow indicates that either we already have the lowest bottom of our potential E-Wave 4 or we are near it to start the next Wave 5 bull run. So far, our major resistance that will push us to the next level is the 41K-42K range.
We are just waiting for that bullish volume move to confirm this count.
Focus on your goal and don't give up on your dreams! We'll be here whether we are in a Bull Run or Bear Market.
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Disclaimer: I am not a professional financial advisor. In plain English, DYOR. This article is for educational purposes only. Kindly, make sure to do your own research. This information is what was found publicly on the internet. The information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.