BTC had a nice rsi divergence in November while everyone was focused on SBF. I expect a rally in the stock and crypto market soon. I believe the reason for the recent down turn (in the last few weeks) is not inflation (since it has been coming down) but the budget to fund the US government. once that is passed and signed, that would be the catalyst for the next market rally as well as the unemployment and CPI data in January.
Please do your DD as this is not a financial advice
Please do your DD as this is not a financial advice
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Providing alternate count if we don't break 21k convincingly
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23k incoming?
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Most bullish and likely option I see. Fed could surprise us in 2 weeks as most are super bearish. Keep an open mind, no one know what will happen.
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there should be a pull back to 21k, this is the trading pattern I am looking at. IF we break below 21k then I'd be worried
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we are above all the averages except the 500
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moment of truth
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chart of Coin seem to be pointing to a bottom at least for now.
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Bullish indicators
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On the monthly
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expect one last shakeout. If we break below 21699 and it becomes resistance, then I will become bearish
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I still believe we are headed to around 35k. Once there, I would be very careful as we can get a large pull back that could take us to a new low.
Good luck.
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we could be here.
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another reason why I think the market bottomed
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Whenever this occurs, it signals the bottom of the market.
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Even if cpi data is good, I expect a drop back to 18k by the end of the trading week (Friday-Sunday night).
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Loving this rally. Maybe I am not bullish enough..
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I am still convinced we will get the big drop over the weekend, not sure what will cause it but if it does it would be bullish for me as it will validate what I am seeing.
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Did the SPX guide us with the path forward?
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The SPX is dollar story
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does this two chart mean anything to you?
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If you are still bearish maybe you will like this chart
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how can you still be bearish?
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History repeating?
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lots of people still bearish but I think we could continue the rally soon
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took a while but we got this spot on.
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this aged so well
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Posted this Feb 19th 2023. We are still a ways away from the dump but its coming.
