Bitcoin and Dollar Update
Keep an eye on these levels...
Morning crypto fans.
Here’s my latest Bitcoin chart, which is continuing to follow my scenario.
Keep an eye on the blue levels. We may see a bounce here at 20k or 18.5k. I’ve added some extra blue lines for your guidance -the red paths remain the same as I posted on February 18th.
And remember, we’re in a Bear market. Bulls don’t overstay your welcome. I’m looking for shorts on pullbacks as indicated by the path.
When trading Bitcoin, keep an eye on Dollar strength. Remember I said on the 26th that the DXY would hunt stops and then retrace? The stophunt has happened and the Dollar is now pulling back.
That could allow a temporary reprieve (and bullish pullbacks) for cryptos and equities, providing further short opportunities.
That’s all for this morning. Happy trading and remember it’s NFP today!
I agree with the analysis...I've been a BTC bear for while and even shared my views on my Sub. Nice work.
Really enjoying these substack reports - best thing you’ve done since upgrading your website 👌🏽
I remember everybody saying nahh 12k - 9K was crazy talk 16 months ago lol, I said ok let’s see.