> Notes: #BTC hit the $9,100 level resistances these past few days and continued to test it, as expected. Look for supports at $8,400 to likely hold and a slightly lower support at $8,200. If $8,200 breaks we could see another drop to $7,500 levels. But, with the current market sentiment, it seems less likely.
Triad's analysis/prediction: We think #BTC will still be continuously testing the $9,200 resistance level these days. Look for sideways movement. Currently volume is not strong enough to justify a breakout yet past $9,200 to the $11,000 & $14,000 benchmarks.
> Recommendations: - #Alts: Entry points target when/IF #BTC goes below $8,000. Keep an eye out for this level. - #BTC: Look to enter #BTC below $8,000 to $7,500. - #FIAT: Recommend to wait for entry. - Breakout: If $9,200 holds with volume, expect breakout to $11,000. #Alts will follow suit.
ℹ️Hong Kong Stock Exchange (HKEX) seeks advice from Australian Securities Exchange (AEX) on implementing #blockchain technology in its exchange processing.
When markets crash hard (and assuming it doesn't kill the market completely), we also swing back MUCH harder. Some historic examples: - 2008: US Stock Market/Global Crash - 2013: #BTC Mt. Gox 2013 Crash - 2018: #BTC Crash
