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Was that the bottom for Bitcoin?
- Mass contagion feels contained w/ FTX
- Celsius paying off their BTC loan
- Bankruptcies already filed
- Inflation fears cooling off
— Dan Held (@danheld) July 7, 2022
Another important retest for $ETHBTC, this time on the 200 day moving average cloud (EMA & SMA).
This teal range was former support, now acting as potential resistance.
If we can break above this range, it might be a key risk-on signal. pic.twitter.com/mJWbEXMZRh
— Caleb Franzen (@CalebFranzen) July 7, 2022
Reaction at 200WMA should be quite telling.
A reclaim of which, essentially making everything below a deviation, would be a nice swing-long setup for traders and prob triggers some trend algos. Rejection would be no bueno. pic.twitter.com/6DRvWqMMeN
— Will Clemente (@WClementeIII) July 7, 2022