#ALTS market: ALTS market enter in 20% risk zone as NASDAQ drop 4% in first day week.
Understand the key Level: BTC support zone $77k,
73K, $69k as of now. We expect local bottom around it.
Nasdaq drop near 13% from its high and it can be more if uncertainty continue.
Bitcoin and ALts market oversold and they will bounce if Nasdaq give a relief rally.
So understand that 20% risk box if btc visit towards73K and reward will be minimum 2x as a relief rally from this point.
CPI number will come tomorrow which can again give volatility.
But all Major eye on FOMC meeting on March 19 which decide next move of market.
#crypto #ALTSEASON
Understand the key Level: BTC support zone $77k,
73K, $69k as of now. We expect local bottom around it.Nasdaq drop near 13% from its high and it can be more if uncertainty continue.
Bitcoin and ALts market oversold and they will bounce if Nasdaq give a relief rally.
So understand that 20% risk box if btc visit towards
73K and reward will be minimum 2x as a relief rally from this point.CPI number will come tomorrow which can again give volatility.
But all Major eye on FOMC meeting on March 19 which decide next move of market.
#crypto #ALTSEASON
Related publications
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.
Related publications
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.