Crypto Market Outlook, March 29

 

Crypto prices were wobbly last week, both BTC and ETH closing down multiple percentage points. But continuing the recovery that began at the end of last week, both pairs are starting this week with a spark.

 

BTCUSD

 

 

This pair has just broken a medium term trend line that formed from the previous ATH. If the bulls can make sure the pair closes above this level, it will be a great start to the week.

 

From there, the only resistance in front of all time highs is $60k. Ten handles down from that level is the swing low that needs to be watched if this breakout eventually fails.

 

ETHUSD

 

Similar story here, except the trend line didn’t start from the ATH. If the bulls can keep the upward momentum going, $20k is next in line. But this will prove to be a tough level to break.

 

On the downside, $15.5k is the level that needs to hold to keep this chart bullish.

 

 

 

Receive updates about new articles

Follow us on social media

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

2