Welcome to the Rekt Capital newsletter, a resource for investors who want to better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.
This Friday, I’ll chart your Altcoin picks in an exclusive subscriber-only TA newsletter and will cover as many as I can. So if you’d like to have an Altcoin charted, feel free to share max. two TA requests each in the comments below.
I’ll chart the Altcoins that get mentioned and ‘Liked’ the most. Let’s dive straight into today’s market analysis.
Bitcoin - Price Action Analysis
This past Monday, I outlined the following price trajectory for Bitcoin:
Here is today’s updated price action:
Bitcoin has been following the black path perfectly.
In fact, BTC has been path-following all March thus far, first with the Ascending Triangle top rejection, and then with the Higher Low rebound, as per the March 2nd chart below:
In today’s newsletter, I’ll be talking about what we could expect from Bitcoin next.
Is a breakout from the Ascending Triangle more likely than a rejection here?