Crypto Market Outlook, March 15

Last week saw more all time highs for BTCUSD up to nearly $62,000 on some exchanges. ETH also made higher highs but is still trading 5% below its ATHs.

 

BTCUSD

 

The pair kicks of the week by falling heavily, down nearly -6% on the day so far.

 

 

$55k is already acting as support and it is vital to see how the level reacts to any retest. $58.5k is likely to be temporary resistance if prices rise from here.

 

 

ETHUSD

 

The 1730 level is support for this pair, and large bids are already forming just above. The 1848 support-turned-resistance could keep a lid on the action in the medium-term.

 

 

 

 

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US Fed's Rosengren commenting that there will be tight labor market for 2 years.

Bond market signaling it's time to start tapering QE / signaling rate hikes, but Fed holding its ground.

Unemployment rates will have a big impact on market trends in long-term.
#Bookmap #trading

Interesting price action in the #NQ_F. It finally got above the POC at 13783 but remains a single distribution day.#Bookmap #trading #DayTrading #OrderFlow

@bookmap_pro earlier cheeky BTD trade between food, key to me being the nice new bloods added and only one taken, also the usual rally BS we have day in day out, wide stops but that needs work ASAP - thanks to fellow pirate ?@roztom for his final frames advice & encouragements!ūüŹī‚Äć‚ė†ÔłŹ

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