Entry of usd to the crypto market, new momentum?
Let's see
A few days ago on twitter glassnode published the following twit
source:
https://twitter.com/glassnode/status/1273982646062850048
- glassnode
As we see in the graph again the capital inflow is at maximums of this year
Today we see that the price begins to move upwards between the average lines MA of 21 and 50 periods, in the last hours it has broken the average line of 50 periods daily, a good sign
It should break the 21-period daily average with good volume to indicate that the bullish movement will continue.
I have corrected the trend line outside the bullish channel.
Elliot Waves
As we see in the graph, the first 4 waves of the main impulse would already be formed. We would start the fifth wave.
And we would be in the 2 waves (of a subwave cycle) of 5 waves of elliot
At the end of wave 5 (of the secondary wave, blue color), the price of Bitcoin could reach $ 13,000.
Below $ 8,600 the ellliot wave sub-count is invalidated.
What you think? Does the crypto market need the entry of dollars to continue rising?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
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