CryptoMascot

CryptoMascot

In the past couple of days, the crypto market has seen a gentle recovery from the significant 15% dip between 2nd to 5th July, reaching a local bottom of $53k. Of course, this has led to a major capitulation in altcoin prices, ranging from 20-60%. Why did the market tank? The two major factors; 1. The Mt Gox BTC settlement - The defunct CEX, Mt Gox hacked of 10...

CryptoMascot

Need to see bitcoin above 43k, and then 51k is solidly in play. Else, below 41k and we'll have a phase of consolidation in that area or a little below it. RSI looks pretty good on the 4H & 1D timeframes indicating a good potential to swing upward once buy volume builds up. P.S. I did dream of bitcoin at 31k yesterday, but I believe it's just a pipe dream just...

CryptoMascot

Based on choppy price action on INJUSDT in the past 2 days, I reckon the current market bias is influenced strictly by BTC's move. INJ has cooled off for a bit but if the current area of resistance is broken decisively, I can see INJ rally to the $45-50 range. While I'm expecting a good pump heading into 2024, let's see how things unfold.

CryptoMascot

Will a bullish market respect the bearish divergence TA for a project that has proven to be a phoenix? Can't say, but I like the TA logic. CRYPTOCAP:BTC 's opinion certainly counts too.

CryptoMascot

If Silvergate's impact is over then this should work out fine. Entry: 22330 TP: 23623 SL: 21874 #PaperTrading #BTC