Long
BTC long sentiments are still on track!
With Ukraine war tension & sentiments playing out last week, our primary desired path of structure didn't go exactly as planned with that shakeout drop.
Our technicals are still holding true though with that quick bounce back into our zone.
Technical confluences :
1) Previous counter trend cleanly broken & retested to the upside
2) Double bottom W with a higher lower
3) Inverse H&S potentially playing out as I write this.
4) Strong level of support confirmed at $35,000
Now for the delta of the fundamentals.
I think there's two very clear sides of the fence with current war sentiments.
1) War uncertainty leading to fear, and in turn, procuring bearish Crypto sentiments.
2) People have had their bank accounts frozen and loss of funds in Ukraine, and even Canada. I think now more than ever, crypto is being seen as a solution to truly take control of your money. (this is the side of the fence im on)
Time will tell.
We will have a clear pathway of structure on crypto over the next 48 hours.
Our technicals are still holding true though with that quick bounce back into our zone.
Technical confluences :
1) Previous counter trend cleanly broken & retested to the upside
2) Double bottom W with a higher lower
3) Inverse H&S potentially playing out as I write this.
4) Strong level of support confirmed at $35,000
Now for the delta of the fundamentals.
I think there's two very clear sides of the fence with current war sentiments.
1) War uncertainty leading to fear, and in turn, procuring bearish Crypto sentiments.
2) People have had their bank accounts frozen and loss of funds in Ukraine, and even Canada. I think now more than ever, crypto is being seen as a solution to truly take control of your money. (this is the side of the fence im on)
Time will tell.
We will have a clear pathway of structure on crypto over the next 48 hours.
Buy high... sell low
Buy high... sell low
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