Hi Everyone
A quick analysis on Cardano as well as Bitcoin.
The current range we are trading in makes for an excellent re-accumulation with the possibility of revisiting 90c once more as we can't yet rule out the possibility of rejection for Bitcoin at $40k-$42K. However, it never pays to be greedy and try to catch the exact bottom - scale in and scale out.
I think we will have a clear indication on market direction when this week's candle closes - if we can close it above $40K, I'd be happy to call for a reversal but until then I would still consider the possibility of one more shakeout.
Check out our channels for much more content.
Best Regards
Ev
A quick analysis on Cardano as well as Bitcoin.
The current range we are trading in makes for an excellent re-accumulation with the possibility of revisiting 90c once more as we can't yet rule out the possibility of rejection for Bitcoin at $40k-$42K. However, it never pays to be greedy and try to catch the exact bottom - scale in and scale out.
I think we will have a clear indication on market direction when this week's candle closes - if we can close it above $40K, I'd be happy to call for a reversal but until then I would still consider the possibility of one more shakeout.
Check out our channels for much more content.
Best Regards
Ev
