Binance charged for money-laundering. Was CZ the scape-goat for all the crypto-space?

in crypto •  last year 

image.png

What Market Phase are we entering into has been the introductory question for our last appointments. Are we going to listen to the Bulls or the Bears? Are we going to see a Bull Market or a Bear Market?

Welcome to Surfing the Market, we are already at our 80th appointment and I hope that with these easy tech analysis we have helped you in some forms, even just to evaluate different market perspectives.

Let’s start from our usual weekly perspective

image.png
Source: Tradingview - Weekly Chart

Maximum reached and even with the news from yesterday about the fine to Binance and the resignation of CZ, market has absorbed the hit in a healthy way.

What do I expect from a daily perspective?

image.png
Source: Tradingview - Daily Chart

The news from yesterday of course is bearish BUT the support in the range 35500$ and 36000$ resisted and is providing strength to the price action.

image.png
Source: Tradingview - Dollar Stregth Index

DXY dropped at 103 points and that can easily justify the support that Bitcoin is receiving.

Moving averages are bullish. Both of them and still in a Golden Cross. Primary trend is still bullish especially if this moment will be faced with adequate support from the 35000$ - 36000$ cluster.

image.png
Source: Tradingview - Daily Chart

Ichimoku Cloud are expanding, creating a wider area of support, being now in the 36000$ range.

image.png
Source: Tradingview - Daily Chart

And now, what from a Volume perspective?

image.png

Source: Tradingview - Daily Chart

Volumes are here. Some real player triggered the market and net volumes entered the game.

What to observe particularly?
Price is still accumulating and the temporary drop, may become a healthy set-back for the price to load more liquidity and continue the bullish movement.

Stay tuned and be sure to follow to get noticed when my contents come out.

Promotional suggestion
One more thing: if you really do not care of technical analysis or you do not like spending time onto the markets, make sure to give a look to the Zignaly platform, an Official Binance Broker Partner with huge volumes under management. They offer great services of Profit Sharing Trading, where you copy other Professional traders, sharing the profit with them! Make sure to give a look!
If you are interested in getting noticed in advanced on the release of our partner’s indicators, leave a comment here so we understand if there is some interest!

None of what I write can represent a financial advice in any form. So Do your own research before taking any kind of action.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  
  ·  last year  ·  

Upvoted. Thank You for sending some of your rewards to @null. Read my last post to make sure that BLURT burning is profitable for you. Learn how to get more upvotes https://blurtlatam.intinte.org/burn/@mariuszkarowski/how-to-get-automatic-upvote-from-my-accounts