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MARTY UPDATE: Feb 24th at 10 AM BTC 23,600 S&P 3955
🕑 Added 2023-02-24 22:27:48 +0000 UTC
Update Feb 24th at 10 AM BTC 23,600 S&P 3955
We did get the bounce yesterday and closed above the 4000 level as indicated below
Today, Friday, Feb 24, Markets look nervous.
Watch for a close below the 3950 and heavy machine selling into the end of the day.. If this happens be aware that Monday opening could produce much lower prices.
Have a suspicion this weekend could produce surprises in the war. I hope it is only a misguided feeling from the overload of info being regurgitated by Social Media. :0
Martee
Feb22 8:00 AM EST
Good morning members
Current Market Prices BTC 24,200 S&P 401.50
A couple of quick updates
S&P500:
We are leaning on the support levels for S&P to watch the 39-3950 level IF we close the day below there. This could produce heavy selling pressure and possible price flip to the downside with heavy machine selling into this weekend.
BTC:
We have stalled out here as predicted at the 25,200 level and could also see a further correction if the Stock markets does see a flip.
We still need a close above the $25,200 to get excited about the next up leg
Meanwhile, short-term hourly indicators on both BTC and S&P may see actually see an uptick for at least on the opening today and possibly tomorrow after yesterday's selloff.
Have a great day
Martee
Comments
Crypto Rich
Looking forward to March insights on crypto and events
You might want to research what's happening to the bitcoin protocol right now with the introduction of ordinals. It seems that certain tags recently introduced through taproot can be used to label individual satoshi's with NFT's and clog up the mempool. While it has increased interest in the bitcoin blockchain and may be one of the reasons for the recent rally, it can seriously undermine the ability to send transactions causing fees to skyrocket. Not only that, but some sats will now be worth more than others, which destroys fungibility. Some are calling it "blockchain graffiti".
Crypto Rich
Thank you Martee
