Monday today that can only mean that its Monday ( meahh) .
What Monday means for crypto? The markets are open and the volume is returning so we can do safer trades and watch how the market is behaving better. Sundays has very low volume so its easier for someone to manipulate it. Lets see the technical analysis on markets
BTC is consolidating in what it seems as an endless range of 19K to 19600 last night it tried to break out but its getting knock down. So for an upside we are looking on reaching 19700 the we can probably see a move that can go to 21k.
SPX – While above 3700 bulls have the upper hand and a potential formation of bullish inverse head and shoulder is probably there.
Twitter
the crypto community and crypto influencers are 50-50 split and they dont commit to either direction for now. Everybody seems to be watching if its a clear rejection or it will break out. So if that happens we will probably see FOMO so we need to watch out for a fake out move.
On chain
BTC flows Looks pretty good with outflows increasing while inflows are reducing. Big earning reports are coming this week and the FOMC meeting is happening next week.
While there are a very good signs lets keep in mind we are in bear market , with inflation skyrocketing the war on Ukraine probably escalating and the Words nuclear bombs being spoken constantly .
So keep stay in stable or dollar DCA and watch out its not a time for money loss , keeping your capital is almost as good as gaining in this time of market.
Posted Using LeoFinance Beta
The elections for the Senate in the USA are a crucial point! Everything will be clear by the first ten days of November
Yeap elections and fed rates increase what an eventful first 10 days
I love your analysis.. keep it up sir..
Thanks 🙏
You are welcome
You are actually correct with everything you said about today's crypto.. thanks for sharing
Thanks 🙏
You are welcome
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