The entire market is extremely bearish from pricing in the expected rate hikes from the Fed. I believe this is an overeaction that leads to a short squeeze, FOMO, and one final leg up that really makes the coming crash that much worse.
I'm also using Elliott Wave analysis to compare BTC with the S&P500 and provide details as to why I believe there's still room left in this bull market.
I'm also using Elliott Wave analysis to compare BTC with the S&P500 and provide details as to why I believe there's still room left in this bull market.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.