BTC New bullrun or not?
Yesterday we broke huge trendline on BTC and broke 20400 level with an impulse. Today we will see if price is strong enough to hold itself above it.
If price holds, I expect green scenario.
If candle clothes below the level, I expect red.
Why I have bearish view?
Let me ask you first - Why should crypto start new bullrun right now?
1. European economy is in shambles because of high gas and electricity prices.
2. Whole world is suffering because of strong USD as USD is reserve currency for most of the countries.
3. There currently elections in US - good reason for democrats to keep financial markets afloat
4. WInter is ahead - not the best time for market growth
For me that's enough to look at current situation as a trap - the only question is - what is the scale of this trap?
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
If price holds, I expect green scenario.
If candle clothes below the level, I expect red.
Why I have bearish view?
Let me ask you first - Why should crypto start new bullrun right now?
1. European economy is in shambles because of high gas and electricity prices.
2. Whole world is suffering because of strong USD as USD is reserve currency for most of the countries.
3. There currently elections in US - good reason for democrats to keep financial markets afloat
4. WInter is ahead - not the best time for market growth
For me that's enough to look at current situation as a trap - the only question is - what is the scale of this trap?
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
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