BITCOIN & ALTS UPDATE- Awaiting for Markets to Open

1 พ.ค. 2022

Bitcoin managed to find support as expected but not in an emphatic way:

Further to Friday's huge losses for Nasdaq, Bitcoin didn't do so bad but most ALT coins became scary to watch.

So yes, we need to wait for markets to open tonight (Asian Monday morning hours) to get a first indication of what could be in play.

In the meantime, Ethereum and Solana charts are NOT encouraging to Buy yet and this is not a good indication. Not to mention that Fantom and Cardano do not look nice either.

Bitcoin dominance has moved but in the wrong direction (ended up going higher today, over resistance).

In a few words: stick around for new updates when the markets open in Asia first and then in Europe tomorrow morning for what is expected to be a volatily and hopefully bullish week.

One Love,

the FXPROFESSOR

OH! And some GREAT NEWS: bloomberg.com/news/articles/2022-04-28/goldman-offers-its-first-bitcoin-backed-loan-in-crypto-push?sref=323RPL5z