Bitcoin Cycle And Sentiment Analysis
Hey guys,
Hope all is well. Bitcoin is still trying to find a support, but I think that whenever the price and time of two pullbacks are similar then we should pay a closer attention to it, because most likely the sentiment is also very similar compared to the previous cycle. However, confirmation that we are back in uptrend would be above 33k.
Also, lets not forget on the FED; if US jobs data will be bad through the summer then they may slow down with their current hawkish policy and this could be support for stocks. In such case, I would watch the AMD stock where a bounce from 70/75 area may have a positive impact for cryptos as well.
Love the video?
Please press LIKE, SHARE or leave a COMMENT below.
Thank you for your support.
Hope all is well. Bitcoin is still trying to find a support, but I think that whenever the price and time of two pullbacks are similar then we should pay a closer attention to it, because most likely the sentiment is also very similar compared to the previous cycle. However, confirmation that we are back in uptrend would be above 33k.
Also, lets not forget on the FED; if US jobs data will be bad through the summer then they may slow down with their current hawkish policy and this could be support for stocks. In such case, I would watch the AMD stock where a bounce from 70/75 area may have a positive impact for cryptos as well.
Love the video?
Please press LIKE, SHARE or leave a COMMENT below.
Thank you for your support.
Explore our services
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.