Is daily close above 25k resistance a positive sign or a trap?

19 Mac 2023

The economic situation is worse than it was, and no two are different in that, especially after the series of bank collapses that occurred

▫️ This means that traditional markets will fall at a high rate

Traders see Because of the loss of people's confidence in banks and with the collapse of traditional markets, people will turn to Bitcoin as a refuge, and this will lead to a continued rise in the price of Bitcoin

but My point of view everything is possible, but I see that in the event of the collapse of the traditional markets, all high-risk assets, such as Bitcoin, will also decline.

| What should I do? :|

First: waiting for the weekly closing of Bitcoin to see if it will actually close above 200 WMA

Second: wait until Wednesday and see what he will do, because he may be more cunning than everyone else and plunge all markets without mercy, or vice versa.

⚠️ Conclusion:

I will not judge it and the prices are record now, I will wait until Wednesday because that will give me a picture of the current (price) + fundamental (the Fed Reserve) in a much clearer way

i will update this idea tomorrow.


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20 Mac 2023

Nota

The weekly closing at $28051 is considered good....In the event of completing the current situation, the highest strong resistance for Bitcoin = $32,000