Hello, as inflation is high it also has a significant impact on TA.
That´s why i find it useful to use inflation cleaned Chart´s in times of high inflation.
On the inflation cleaned BTC chart we already retested the 30k support range and are currently sitting at the resistance which should be a good short entry with close stop losses.
Volume is still aweful and i dont think the bullmarket will continue.
Dont recommend to long the 30k range again if we happen to test it again soon.
Midterm i expect Btc to drop to atleast 10-14k.
DYOR.
That´s why i find it useful to use inflation cleaned Chart´s in times of high inflation.
On the inflation cleaned BTC chart we already retested the 30k support range and are currently sitting at the resistance which should be a good short entry with close stop losses.
Volume is still aweful and i dont think the bullmarket will continue.
Dont recommend to long the 30k range again if we happen to test it again soon.
Midterm i expect Btc to drop to atleast 10-14k.
DYOR.
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all eye´s on the 30k zone now, if it breaks btc will propably be at 20k range in no time.
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until the red zone breaks i assume this is still a good short entry currently
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if it breaks, i would wait for ~70k to re-short/long it