InFiNiTy MoNeY to the rescue
Updated
Support retested, zone under the green green block proven to be a strong buy zone.
Bitcoin pumped on news that the U.S. Fed will be buying anything: cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html
U.S. equities pumped in pre-market too, but retraced rather quickly. It's a bullish sign that bitcoin did not slink back under support following the news pump.
Things I am wary of:
- Bitmain 03/27 $5000 euro-style bitcoin puts
- March 31st Mt. Gox repayment plan deadline involving 140000 bitcoin
- Daily close under support
- COVID-19 affecting market sentiment
- Oil price war causing unpredictable fluctuations in US dollar's value (but can it get any much lower?)
Bitcoin pumped on news that the U.S. Fed will be buying anything: cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html
U.S. equities pumped in pre-market too, but retraced rather quickly. It's a bullish sign that bitcoin did not slink back under support following the news pump.
Things I am wary of:
- Bitmain 03/27 $5000 euro-style bitcoin puts
- March 31st Mt. Gox repayment plan deadline involving 140000 bitcoin
- Daily close under support
- COVID-19 affecting market sentiment
- Oil price war causing unpredictable fluctuations in US dollar's value (but can it get any much lower?)
Note
golly, rangebound. Possible for daily close to be at previous daily highs, 6441/6420/6470
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Disclaimer
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.