Crypto Market Outlook, 19th July

BTCUSD closed down -7.24%  and ETHUSD -11.59% last week. Both pairs approaching long-term swing lows established a month ago. If they break, if could be the confirmation that crypto is in a bear market.

 

 

BTCUSD

 

 

This pair opened the week by blowing through $31k Bids, the next big level being $30k. The swing low printed from one month ago is at $29k, which if breaks could lead to a very large fall.

 

Offers above light to nonexistent in comparison.

 

 

ETHUSD

 

Similar order flow here. Large sellers looking like they are about to take 1800 Bids. Next big level at 1750.

 

Offers light at 1900, 1950.

 

 

 

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Operativa matinal. Con dinero institucional esperando a comprar en niveles de 75-85, @bookmap_pro indicaba la dirección a operar...

3

Es Eth short https://t.co/42rZc9F8yM as a P.B under structure low
@bookmap_pro

#NQ_F that band of liquidity below likely to stick around till taken out at some point @bookmap_pro