Back to greed
3 min read

Back to greed

Cryptic ball: backpedalled agreement.

As expected, the crypto market continues to range. Total market cap is stagnant, even if new alts keep pumping every day. Today's winner is SOL, which suffered a lot of stress after falling 70% from November's top. But what's next?

  • SOL appreciated 12% today and is up 30% on the week - while bitcoin and the average token is up around 12% since Monday. Solana's currency has apparently conquered the $120 resistance and if that's confirmed it shall pump towards $150 - provided macro or bitcoin don't ruin the party.
  • The S&P 500 finally overcome the 200-period resistance on the 4-hour chart, the level which most sustained the stocks bull run since COVID hit. Yes, equities are slightly down today but that's normal after the steady gains.
  • Again, I remain optimistic for April but note tomorrow is the quarterly and monthly close, a period often associated with volatility as institutions roll over futures and options contracts tied to a specific month or quarter.

With this new, mildly greedy environment, I don't expect bears can do much harm, but note yesterday's war-related optimism must be taken with a grain of salt, as it seems Russian officials were not happy with the peace talks after all.

Chart art: back to bullish territory.

If the S&P 500 loses this 200-period MA again then bears will strike harder than before.

Three things: back to gem hunting.

Tweet tip: back to jumping.

Time for a truly great leap forward.

Meme moment: back to FOMO.

If you're not a trader it's better to hodl!

FV Bank: meet us in Miami.

Meet the FV Bank and B21 founders Miles and Nitin at BTC Miami to discuss Bitcoin and banking, from April 6th to the 9th, 2022.

Get started: download the B21 Crypto app!

Subscribe to our newsletter
Follow us on Twitter @b21official
Follow us on Twitter
Join our Telegram group
Find us on Instagram
Watch us on Youtube
Legal Notice
Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of the guidance in the report will lead to any particular outcome or result.