Crypto Market Outlook, March 8

The week prior was a consolidation period, both BTC and ETH unable to decisively break out on either direction against the USD during traditional market trading hours. Hopefully things will become more clear as the supply and demand levels materialize, potentially paving way for a big move.





A few hundred dollars under the large offers at @ $52k is the last swing high on a higher timeframe. If buyers can break out here, there isn’t much significant resistance until the last printed ATH around $58k.


The swing low is around $49.3k. This level flipped from resistance to support and buyers recently came in before it could even be tested. If it breaks and flips back to resistance, the stops likely to be waiting under $47.2k and $46.5k will be the next targets.





This crypto pair broke a swing high above $1.65k over the weekend and flipped a smaller resistance level into support @ $1,6850. Since ETH has broke a significant swing high while BTC remains suppressed, it could be the start of another period of outperformance for ETHBTC.


It remains to be seen whether BTC can catch up or if it will drag ETH down with it.


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