🛑BITCOIN SELL OFF🛑
⚡️Alright so we're just gonna be quick and short with this since I'm sure the last thing you guys wanna do is read through a lot during this sell-off.
⚡️In the past few TA's from yesterday we basically noted what to watch out for with regards to price action based on what we've seen before and today's Inflation report has absolutely pummeled the market with the Dow alone having dropped 800 points so far today. That's been just about the main factor of things and it was timed perfectly with us having been at that peak point for Bitcoin with it touching $22,800 before getting absolutely sold off as that Data hit and our mountain fall started.
⚡️The mountain fall is marked by the skier but as we'd been noting to watch out for, those EMA's flipped and we lost that 200 EMA. Here's a minute chart image to show just how important it was to hold that 200 EMA and what happened once we lost it.
https://www.tradingview.com/x/sgEwC4H6/
⚡️Hopefully we can regain that on the minute for some support and better price action at least but right now we're way far off from it on the 15 minute and we're quickly approaching that next support mark I've got which is $20,600. So as far as we should be concerned and simplify things, we want to stay above that for now and hope to find support soon enough else should we fall through that $23,000 is next and so on until support is found.
⚡️Gonna leave the idea here but I always tell you guys with these impulse movements and rises to be wary and watch out, whales take advantage and it's interesting how we we made it to this peak with basically perfect timing on that CPI, Inflation data. I'll make another idea on that later but keep tuned for more. I'll definitely keep you guys posted on this and what could be next as always, thank you.
⚡️If you'd like to leave a like or follow it'd be much appreciated, as always, simply do what I can for you guys and try to keep you guys posted as always! Thank you guys for all of that and wishing nothing but the best!
~ Rock '
⚡️In the past few TA's from yesterday we basically noted what to watch out for with regards to price action based on what we've seen before and today's Inflation report has absolutely pummeled the market with the Dow alone having dropped 800 points so far today. That's been just about the main factor of things and it was timed perfectly with us having been at that peak point for Bitcoin with it touching $22,800 before getting absolutely sold off as that Data hit and our mountain fall started.
⚡️The mountain fall is marked by the skier but as we'd been noting to watch out for, those EMA's flipped and we lost that 200 EMA. Here's a minute chart image to show just how important it was to hold that 200 EMA and what happened once we lost it.
https://www.tradingview.com/x/sgEwC4H6/
⚡️Hopefully we can regain that on the minute for some support and better price action at least but right now we're way far off from it on the 15 minute and we're quickly approaching that next support mark I've got which is $20,600. So as far as we should be concerned and simplify things, we want to stay above that for now and hope to find support soon enough else should we fall through that $23,000 is next and so on until support is found.
⚡️Gonna leave the idea here but I always tell you guys with these impulse movements and rises to be wary and watch out, whales take advantage and it's interesting how we we made it to this peak with basically perfect timing on that CPI, Inflation data. I'll make another idea on that later but keep tuned for more. I'll definitely keep you guys posted on this and what could be next as always, thank you.
⚡️If you'd like to leave a like or follow it'd be much appreciated, as always, simply do what I can for you guys and try to keep you guys posted as always! Thank you guys for all of that and wishing nothing but the best!
~ Rock '
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