Hi Crypto traders,
BTC did a good run up lately with halving FOMO and market recovery.
Now its time to see if there is still a correlation between BTC and stock market, as we have seen since the big crash.
Logically, it should go down. To much reasons :
- RSI oversold 1D TF
- Restest of the last breakout near 8k
- EMA 200 should be revisited, wich is near of the trend line breakout (7.9-8k)
- Cup & Handle forming on daily (handle in creation)
- BTC failed to print a higher high in the last days and is still doing LOWER highs
Hate to go against BTC uptrend and i dont recommend it but we should keep all of this in mind.
The only thing that could go wrong : WHALES manipulation and Halving FOMO.
BTC did a good run up lately with halving FOMO and market recovery.
Now its time to see if there is still a correlation between BTC and stock market, as we have seen since the big crash.
Logically, it should go down. To much reasons :
- RSI oversold 1D TF
- Restest of the last breakout near 8k
- EMA 200 should be revisited, wich is near of the trend line breakout (7.9-8k)
- Cup & Handle forming on daily (handle in creation)
- BTC failed to print a higher high in the last days and is still doing LOWER highs
Hate to go against BTC uptrend and i dont recommend it but we should keep all of this in mind.
The only thing that could go wrong : WHALES manipulation and Halving FOMO.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.