BTC Weekly Bear signal!
Updated
- The only time this was last seen was during the covid19 bull cycle
- The bear pattern has already begun in the last 2 days since the breakage of the support range.
- I expect this to pivot at around 19k
- The reason I see is
- More money will be printed
- interest rates will increase
- More bonds with higher yield will be issues
- DXY is in an uptrend
- Stocks are taking profits
Comment
Hmm, are we going to stuck here again? Another Range for months until October?
Some Alts seem to be at their pre crash levels soon.
Another Covid lockdown that is doing the rounds on X could crash the market again though.
Get your pop corn ready.
Comment
Take care people.Wait for your time, do not rush in to this dip.
The waterfall seems to be flowing after every top wick touching the 100 day moving average.
Comment
It is showing signs of another dip.Watch the Housing loan market it seems to have started to drop.
New homes are now being sold for cheaper than old homes!
Tread carefully.
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