Crypto Rob Art

MARKET UPDATE - 16TH OCTOBER, 2024

Added 2024-10-16 11:43:31 +0000 UTC

Hello my friends,

Everyone in crypto right now is watching the same chart, the one we’ve been monitoring for nearly 7 months and rightfully so, because what happens here is crucial for BTC and alts.

We are right at diagonal resistance. It’s the second day now, since we discussed everything there is to discuss in the last two market updates, today I want to merely point out that the last few times the market drove BTC into this resistance, it took 3-5 days to get a clear view of the direction of the market. If you look at the chart, you’ll see that it ejected every time and then crashed to fresh lows.

Today is day 2 of BTC kissing the diagonal resistance. On the most bullish month historically - October.

The coming few days will show us if this time is different. If it is, we will see a break out and close at the roughly $71,000 zone. If not, then the downtrend continues. 🤜🏻💚🤛🏻

Yours truly is watching the price action day and night.