I wondered why the market was looking so bloody. Bitcoin has broken down below the recent uptrend lower bound. Will we retest 20k? Depends when the Fed releases the thumbscrews!
When this level gets breached, either to the upside or the down, should we expect a breakout in either direction ? In my mind this is a bullish signal with a bullish breakout on the horizon. Expo If the fed is done tightening, and when recession hits (due to their rate hikes), this may lead to a loosening of monetary policy.
This funny thing is that their one...
A quick glance at the GS chart shows a flattening 200DMA, significant recent negative volume (probably on the news of the 6% workforce redundancies) but the price is nearing its 200DMA and could break to the downside. Support needs to hold, otherwise it will be looking bearing for the vampire squid.
Will be interesting to see if the head & shoulders which is...
