with a lot of fluctuation in the market right now it is difficult to predict what will happen, ill do my best to show what will happen with my predictions.
first of all, bitcoin tapped a key-level (44,5k), which will normally be a bullish sign, however it quickly pulled back and is now showing a inverse hammer candle (as you can see on the 1h chart, and besides...
With all eyes on the crypto market there is a large amount of volatility in the market, therefore it is difficult to predict what will happen.
In my eyes we just hit a strong key level, which will maintain its ''power'', however with the 0.5 on the fibonacci and the 200ma acting like resistance it is likely that we will have a bounce back to the ''strong'' key...
in this state of the crypto market it is difficult to say what will happen next, here is my idea of the coming 24 hours of the total market cap of crypto, and we will see what will happen.
NVDA analysis with the use of the fibonacci tool
entry: 267,00
stoploss: 257,50
TP: 300.00
I hope this will help you, i am a beginnig trader, so let me know if you have any tips or tricks
