A descriptor of momentum and noise
analysis: There is a lot of noise in the marketing conducting price movements, currently it appears like the affect is spreading and there are more possibilities that effective market movements are now happening because of good distribution among holders, as global adoption continues the price of bitcoin moves around it. conflict and monetary changes among geopolitics is causing unrest in the entire financial sector. MSM financial advice sector should be disregarded in most cases and treated as noise.
bitcoin survived one of the most historical no volume weekends in over a decade of printing charts, in an attempt to try not to have bias that is constricted by influencers on youtube, and MSM, or that of the others doing TA here. I am a little to cautious sometimes and could have put this TA out days ago.
Technical Analysis:
a further chart movement based off only factors of adoption, and momentum in the 3 minute chart, and the bitcoin 2h chart.
prediction:
day traders: a pull back in the 3m to the 41k local trend, and 40,600 before entering aggressively long.
there would be no surprise if bitcoin moves to the 49,000.00 mark in the next 30 days, if this does indeed happen, a further break out will complete to 52K which could result in another cascade of short positions breaking the trend and taking us back to selling after this.
bitcoin survived one of the most historical no volume weekends in over a decade of printing charts, in an attempt to try not to have bias that is constricted by influencers on youtube, and MSM, or that of the others doing TA here. I am a little to cautious sometimes and could have put this TA out days ago.
Technical Analysis:
a further chart movement based off only factors of adoption, and momentum in the 3 minute chart, and the bitcoin 2h chart.
prediction:
day traders: a pull back in the 3m to the 41k local trend, and 40,600 before entering aggressively long.
there would be no surprise if bitcoin moves to the 49,000.00 mark in the next 30 days, if this does indeed happen, a further break out will complete to 52K which could result in another cascade of short positions breaking the trend and taking us back to selling after this.
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