Plain and Simple Bitcoin Daily Analysis - 3/8/21 - BTCUSDT

Mar 8, 2021

Nice week end, with a pump reaching 51700 K as U.S. Senate passes $1.9 trillion stimulus

Fundamental news came in.

However

Super low vix is telling us too much confindence is setteling again on the market.

Today high will stick around the 50500 levels.

Macd crossing and high RSI could take us lower, back to the 49100K area.

Then we will have to see if that was sufficent to bring the mother of pumps everybody is maybe too much expecting.

Since the march recovery, i'm doubting this will happen right now.

We are more on a sideway trading zone.

Eye on the 46700 levels for this week

Thanks for reading !

Stay safe.

And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.

See you all tomorrow, and don't forget to ......

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