Crypto Market FREE INSIGHT April 7, 2022

April 7, 2022

Reading Time: < 1 minute

Nothing Has Changed‼️

  • Yello, ladies and gents✊😎!

💎Since our last FREE update, we went up from $45451 to around $47500. Bitcoin created a local top and got rejected under the uncertainty surrounding the traditional market, interest rates, inflation, and some regulatory pressure from the EU. This would automatically warrant an off-risk scenario for the next couple of days/rest of the week; however, it’s too early to determine a mid-long term trend reversal yet😉

💎Our mid-term bias is still the same as the MTF structure is unchanged. We expect Bitcoin to finish its mid-term rally from our 33k-38k bottom by hitting $53250 at the beginning of May.

💎NOW, let’s take a look at the Q1 of 2022 (January to March), which ended up favouring Bitcoin bulls, as we can see a net change of around +2% after closing March above $45,000.

💎Even though we’re currently seeing short term bearish price action and more ZigZag chop movement in the zone for BTC and alts, we’re getting ready for an even higher volume move soon, as this is just a prolonged mid-term accumulation.

Which assets are expected to outperform in Q2?

💎BTC has beaten all other assets in Q1; however, in Q2, we can expect a breakdown in BTC Dominance which will send a couple of Alts flying to new mid-term highs. This recent LTF PA just opened new exciting opportunities in the market to accumulate the best upcoming performance altcoins of this month a little cheaper again🤝

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