Last weeks high: $26451.2
Last weeks low: $25896.7
Midpoint: $25342.2
For the previous few weeks we have seen a very similar price action pattern. Hugging the midpoint of the previous week with a midweek swing t create the high and low.
This week could continue the pattern. However, I think the Solana FTX fears could have an effect on Bitcoin, when usually it's the other way around and Bitcoin has a knock on effect with alts.
For me we're still on track to retrace to yearly open before the run up to the halving and the bullrun.
26k --> 19k --> 60k
Last weeks low: $25896.7
Midpoint: $25342.2
For the previous few weeks we have seen a very similar price action pattern. Hugging the midpoint of the previous week with a midweek swing t create the high and low.
This week could continue the pattern. However, I think the Solana FTX fears could have an effect on Bitcoin, when usually it's the other way around and Bitcoin has a knock on effect with alts.
For me we're still on track to retrace to yearly open before the run up to the halving and the bullrun.
26k --> 19k --> 60k
Nota
very bearish start to the week, Fully expect a retest of 24,200 unless previous weekly low is reclaimed.
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Declinazione di responsabilità
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.