Will tomorrow be the decisive day for the market?
Aktualisiert
ATTENTION!
Yesterday exactly what we told each other happened, now it is a very very important moment, I would say the most important!
The NASDAQ, even if lately it is little related to BTC is in a situation that has not occurred for 13 years and consists in the risk of breaking the 200 MA on the weekly TF, this could happen when the markets reopen.
It also means a lot to BTC as it generally follows the trend anyway.
Given BTC performance over the weekend, NDQ will presumably also be on the MA 200 or even beyond at a figure of around 11,000.
The 200 touch has occurred since 2020, while the 200 violation has not occurred since 2009.
Tomorrow there will likely be high volatility and If NDQ opens below 200 MA tomorrow there is only hope for a false Breakout, which could push BTC price above 30k given the strong support zone, but if BTC confirms the break of 200 MA after almost 13 years it will likely collapse on reaching the 22k to 24k price range.
What do you think?
Yesterday exactly what we told each other happened, now it is a very very important moment, I would say the most important!
The NASDAQ, even if lately it is little related to BTC is in a situation that has not occurred for 13 years and consists in the risk of breaking the 200 MA on the weekly TF, this could happen when the markets reopen.
It also means a lot to BTC as it generally follows the trend anyway.
Given BTC performance over the weekend, NDQ will presumably also be on the MA 200 or even beyond at a figure of around 11,000.
The 200 touch has occurred since 2020, while the 200 violation has not occurred since 2009.
Tomorrow there will likely be high volatility and If NDQ opens below 200 MA tomorrow there is only hope for a false Breakout, which could push BTC price above 30k given the strong support zone, but if BTC confirms the break of 200 MA after almost 13 years it will likely collapse on reaching the 22k to 24k price range.
What do you think?
Anmerkung
there is a typo, towards the end of the comment I wanted to say: "if NDQ confirms the breakdown of the 200MA"Anmerkung
IMPORTANT!!the MA 30 has been our resistance since April and today is at a price of 21.6k
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