Monday


Weekly candle closed
Gold dropped 3 points straight at market open
Currently rebounded halfway back
BTC and ETH followed with a dip as well
BTC and ETH now follow each other no matter what
Damn things
From the weekly view, BTC needs to break through around 71000 to regain bullish momentum
Currently the pattern and indicators are starting to conflict
The larger timeframe indicators still lean bullish
But the pattern-wise, BTC's 3-day and 5-day candle formations are quite poor
Considering gold has fallen to near support levels
Nasdaq futures are also near low support levels right now
Especially if Nasdaq breaks below, BTC and ETH could follow the downtrend
Conversely they'd rebound along with it
Current view leans toward a consolidation and reversal period
The main focus is whether US stock futures can hold up
ETH synchronized with BTC
Video analysis this afternoon
BTC-1.58%
ETH-2.78%
View Original
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