The S&P 500 $SPX is breaking back above the peak wick & close from December 2022, which is potentially a good sign.
The index hasn't closed below $4,080 yet, a key level that I've been outlining for awhile now. Until proven otherwise, the market is just digesting the YTD gains.
#Bitcoin 4hr candles showing the importance of the green zone.
If it breaks down, it's hard to find another support zone because of how exponential #BTC rallied to start the year.
On a positive note, this gives you a great range to manage risk against.
Bitcoin's 60-day Williams%R Oscillator is providing another accurate signal.
Since November 2021, these crossovers from "overbought" to "not overbought" have been a precursor for more downside.
Prior drawdowns:
-45% in 2 months
-59% in 2.5 months
-33% in 3 months
The title says it all. I share my thoughts around a question a lot of people are asking right now.
This vid ended up being a bit longer than normal- around 20 minutes- but it will be worth the time taken to watch. Enjoy.
https://t.co/sOwFxIfRHp
Today I testified at a committee hearing in support of a bill banning child mutilation in Tennessee. A Democrat on the committee asked what qualifies me to speak on the subject. It was a very dumb question but I tried my best to answer it for him.
@CalebFranzen Hey Caleb, in your honest opinion. Do you think we’re going to have another good size pull back? Or do you think we’re just going to work our way up through the resistance levels with minor pull backs?
@CalebFranzen I need more time to accumulate, been sitting in cash unfortunately and have missed this whole move up… I really hope we have another big leg down 😅