What camp do you belong in?
Some say Bitcoin is very overbought
Others say Bitcoin has hardly peaked its head out of the cave and has a lot of room to run
What say you? Overbought (look about below) or just starting (look out above)?
We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF.
An internal investigation is currently underway. We are committed to transparency and will share the findings of the investigation with the public once it is concluded within 3 hours.
https://t.co/U5YfbWg9fq
Been going on about this monthly support for some time. Trend is shifting upwards. Hope it doesn't destroy risk assets ☠️ Maybe they can move up together :)
https://t.co/5Si2cITzVZ
DXY is still in an interesting monthly support
Maybe another big push on s&p - get everyone mega bullish - make the dollar looked like its doomed with a deviation below monthly support - then risk asset wide flush inc $btc - then giga pump?
5. $BTC needs to successfully trade and hold above $19.5k for continuation from a HTF perspective. Chart shows clear current trend.
Primarily, solid price action above $18k is important!
CHOP CHOP CHOP!
Also - despite this BINACE FUD - price is going up 👀
https://t.co/5Si2cITzVZ
DXY is still in an interesting monthly support
Maybe another big push on s&p - get everyone mega bullish - make the dollar looked like its doomed with a deviation below monthly support - then risk asset wide flush inc $btc - then giga pump?
Where do we stand?
4. Inflation is still here, rates still going higher. Early signs of recessions? Time will tell.
From a technical point of view DXY is in a solid support zone whilst S&P could potentially be nearing resistance zones.
https://t.co/y19NUOajhw
ETH/BTC
With more price action and BTC dominance rising, i can't rule this out. As long as BTC is bullish the ETH/USD pair will still be slowly grinding/sideways despite eth pairing potentially distributing back below range lows.
5. $BTC needs to successfully trade and hold above $19.5k for continuation from a HTF perspective. Chart shows clear current trend.
Primarily, solid price action above $18k is important!
CHOP CHOP CHOP!
Also - despite this BINACE FUD - price is going up 👀
Let's review the DXY as this has bearing over all risk on assets.
Where were we before?
1. The DXY was pushing up on a long term trend line that dictates a huge market shift. I had shared that if we were to break this upwards stocks/crypto would be in dangerous territory.
Where do we stand?
4. Inflation is still here, rates still going higher. Early signs of recessions? Time will tell.
From a technical point of view DXY is in a solid support zone whilst S&P could potentially be nearing resistance zones.