With all eyes on the crypto market there is a large amount of volatility in the market, therefore it is difficult to predict what will happen.
In my eyes we just hit a strong key level, which will maintain its ''power'', however with the 0.5 on the fibonacci and the 200ma acting like resistance it is likely that we will have a bounce back to the ''strong'' key level. When the time will come we will probably have a big sell-off and have a bear-trap which will result in a lot of fear in the market, however the whales will be able to make sure that we stay in bull-run.
I hope this helps and that we stay in the bull-run.
if you have any tips or tricks please let me know, I am a beginning trader and there is still a lot to learn ;)
In my eyes we just hit a strong key level, which will maintain its ''power'', however with the 0.5 on the fibonacci and the 200ma acting like resistance it is likely that we will have a bounce back to the ''strong'' key level. When the time will come we will probably have a big sell-off and have a bear-trap which will result in a lot of fear in the market, however the whales will be able to make sure that we stay in bull-run.
I hope this helps and that we stay in the bull-run.
if you have any tips or tricks please let me know, I am a beginning trader and there is still a lot to learn ;)