Hello friends,
It was already some time since my last published idea, so here is a fresh one!
You can see here that a head shoulder formation has formed on this 3-day chart
The neckline is immediately a crucial point. We have a divergence with the volume and price as you can see. There are also divergences on several other oscillators.
A picture say more that a thousand words, so you see it all in the chart
The price target for now is USD 10,000 for Bitcoin, and the key here is of course patience. The interest rate hikes are far from done and the macroeconomic looks very bad. The war also seems to be escalating, and there are other tensions in the world as well. E.g. China/ US, Israel and Iran.
Food prices continue to rise. Food prices continue to rise violently. In short, we see everywhere malaise.
My idea is that the Euro and the Dollar are being extremely manipulated, but also the markets in general, by central banks. Stock prices are way too high compared to what is happening in the world, and normally there will be a sharp correction on that.
The SP-500 will my idea quite soon go on the downward path again.
Happy trading and good luck!
Disclaimer This is my view, no advice to buy or sell. Also, always do your own research!
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