Crypto Market Outlook, March 22

Last week saw a corrective move for BTCUSD and ETHUSD, the pairs closing down -2.75% and -3.50% respectively.


This week should paint a clearer picture as to whether the correction has the chance of developing into a bear market, or if the long term uptrend will continue.



This pair took out a large swing low under $56.3k over the weekend, liquidating a lot of longs. Prices eventually shot back up and the retest during Asian hours held.


Now prices are printing higher highs and the large offers at $60k could be next. Otherwise, a retest of the swing low and large bids at $55.5k could be on the cards.




In an attempt at correlation decoupling, ETH went the opposite way over the weekend and penetrated a swing high at $18.5k. But buyers exhausted and prices fell back down to the low of the previous range, the large offers again accumulating at the breakout level.


$17.5k is a large level for bids, and $17.2k is a swing low.



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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