We lost the Bull Market Support Band, the trend lines on the chart and DXY (dollar) is pumping. The SPX,NDX put in a lower low. I think 20-25k is imminent with a big capitulation some time in the summer. No bullish argument left other than RSI bullish divergence. But the RSI also has a bearish divergence. We've bottomed around 30 RSI previous times. With the lower...
If we want to switch bullish on the market we need to get above 44k and hold. Watch this weekly close it is very important.
Just a short one. Watch the weekly close this may be it. Let's hope for the best!
RSI looking like the 2020 March drop and recovery streched out. Pretty nice bounce in the last days for the SPX as it exceeded it's lower high. Short term looks bullish let's see what happens in the next following weeks.
First step in order to become BULLISH is a Weekly Close above the RED DOTTED LINE. (42-43K) After that we need to get above the Bull Market Support Band and ideally hold it as support. The BULLISH case will become likely only if these two are happening. Until then the BEARISH scenario is still the one to go with. A follow and a like will be much appreciated. Drop...
If this happens I'm all in baby. 200W will be the best chance to get BTC to the lowest price possible and as shown in history it will never go to that level again. Remember Bull Markets make you money, Bear Markets makes you a millionaire.
Similarities to 2019-2020. Interesting patterns but it all depends what happens in Ukraine.
Looks similar. Let's see what happens. Posting this just for the similarities not for saying that we have to go up. Not financial advice! (DYOR)