Bitcoin Cycle And Sentiment AnalysisHey 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.
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Elliottwavebitcoin
Elliott Waves: BTC, ETH and Ripple are looking for lower supportStocks made some nice bounce recently, but cryptos are not following higher to the same degree. In fact, we see triangle pattern on a crypto total market cap meaning that there can be another low coming before this market may potential stabilize. There is a chance for another dip on ETH, BTC and XRP that I will cover in our next video.
However, technology sector, the NASDAQ100 is making some nice reversal from the low. The only question is if cryptos may bottom with a delay.
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