Hey guys it's been some time since i posted about the market and today after spending a fair amount of time looking at charts and news BTC made a move to the downside.
BTC didn't take a break on the weekend and yesterday we saw the bulls attempting to break a very important resistant on the 24.000-24.500 range ( probably thinking it would be easier in a low volume day as sunday ). A very important level because it played a big role in the summer leg down from 30K to 19K and then a month of consolidating on that range and getting reject 3 times on that! So as you can imagine it's a very strong resistance and a very important level to break for the upside to continue , i think that more consolidation is needed for it to break. Yesterdays move was probably fueled by short liquidations and the euphoria cultivated the past few days about the Bull Market being back. Overall we are in good position here BTC needs to built more strength in order to break that level.
We also have a lot of earning reports this week. So the moves in SPX and in cryptomarkets will be cautious and will surely get affected but this results.
Before Monday's Opening earnings
After Monday's close earning
Before Tuesday΄s opening earnings
https://www.earningswhispers.com/calendar
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