The new weekly charts start. There are many questions like what will the bitfinex whales do at the china time frame - and are we get first some manipulation trends before the expecting ETN target the below 36K
Before the opening of market makers - There will be not a confirmed change on BTC - BTC following also US30 market. --> this all also depends on last news from Ukraine - Russia trends.
One thing is sure coming time is very important for BTC - also depending on last trends of Ukraine and Russia. Monday is known as an important day for the BTC market.
US30 is still not confirmed for uptrend - what could end today into red trend also.
Depending on the ETN tool - there is expecting for the below 36K market price action. We are now at an important whale setup zone of 38k+ trends.
Last news from Ukraine - more countries want to accept Ukraine into the EU - which means it could bring new effects to conflict Russia - Ukraine. Bitcoin is still into breakdown trend TA - even if BTC increases above 38K.
What is a whale setup trend? A whale setup trend is a place where whales have their orders ready for the time frame - into history trends can this be a point of more breakdown trend.
This update is not a trading call - and always manage your risk. we know that all sides of BTC are very risky. These updates were made for 100% spot.
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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.