Analysis 0:00-10:01
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LEGAL DISCLAIMER:
It is worth noting that this video, as with all Wolves Of Crypto content, is a representation of my personal opinions on the market and should in no way be considered direct financial advice in any form. I am not responsible for your investment decisions or outcomes, analyse the charts for yourself before proceeding with a trade. This applies to every investment decision in cryptocurrency, stock market and any financial market – including investment decisions directly related to Bitcoin BTC, Ethereum ETH & any other altcoin.
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i think we bounce to $28k first before crashing down to $15k
High inflation was never a reason to sell<The definition of inflation is that prices go up versus fiat, essentially. Logically, that would make sense even for stocks, but especially for a commodity that's been known for many years as an "inflation hedge." My growing love for crypto caused me to explore until I came across Thomas Frederick (although I'm trying to avoid sensationalism) Thomas is by far the best. No hype for hype's sake, but great inspiration to trade Crypto.
<I think it is more likely for BTC, ETH, XRP, to retest the resistance to the upside and then move lower. But as always, things change on a daily basis and all we can do is to trade responsibly and keep track of the markets and re-evaluate our strategies frequently. I thank Harris Sherman . For being my source of crypto education, As I am comfortably making/made up 22 BTC in a short period of weeks he is without a doubt every step of the way.
Watched till the end
This is a challenging time for bitcoin. It definitely has the feel of a bear flag, especially on the four hour chart, but we're still technically on support. If the S&P 500 continues to rally after bouncing strong from its downtrending support, and if the DXY breaks down from its rising wedge, then maybe bitcoin will rally again before falling.
just before Easter will be bloody! we shall shed even more next month till about mid-month April.
The whales will decide how low the price will fall.