Crypto Rob Art
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MARKET UPDATE - 18TH OCTOBER, 2024
🕑 Added 2024-10-18 08:26:52 +0000 UTCHello my friends,
Today marks the 4th day since BTC started knocking on the crucial green diagonal resistance. In the past, we had a trend confirmation within 3-5 days.
So far, we still don’t have a break out and a close in the roughly $71,000 zone. The only technical proof we have for now is that it’s doing now what it has done months ago (red square 1 and 2).
However, bulls have the month of October going for them, which historically has been the most bullish month in crypto. Let’s hope for the sake of our alts that BTC breaks out and alts follow, because the BTC dominance is at roughly 60% and if BTC crashes, alts will crash harder.
Either way, we wait. Main take is that this is the 4th day. In the past BTC rejected to fresh lows in 3-5 days. So soon enough we will know if the bullish reversal has been confirmed or bearish downtrend with lower highs and lowers lows continues. Remember that about two months ago, we lost a higher low on the macro. Historically whenever that happens BTC crashed 75% from the peak (not the lower low). If this time is different then it’s the first time that has happened in the history of Bitcoin.
We wait. I marked important zones and scenarios I expect with ⚠️ on the chart.
Hope everyone is well🤜🏻💚🤛🏻🙂
PS: Leave a like so I know you were able to read the update and received notifications.
Comments
Rob Art
🤜🏻💚🤛🏻
Maz
🙌🤓🤑
The man from Chicago
Appreciate your updates brother 🤝
Rob Art
Echoing others?
Rob Art
🤝🏻🙂
Sherry
Thanks for the continued updates!
Vip Solanki
Yes Rob, echoing others, but do keep the updates coming. We do not want to f this up!
Rob Art
🤝🏻💚🙂
Annie
Thanks Rob 💚
Rob Art
🤜🏻💚🤛🏻
JT
Keep them coming. We need it right now. Thank you sir
Rob Art
🤜🏻💚🤛🏻
massimo zizzola
I like your timely update very much.
Donkeymagic007
Added a little trias earlier at $3.29 got impatient. Biggest entries were around $2.50, just saw btc pushing through $68k and thought this could be it haha
Noynie
👍
