Honestly what really confuses me: Tarrif talk dumps crypto every time like crazy.
Why though? Stocks don‘t even give a shit. They go down 0.5% and recover again.
Crypto should literally not care about Tariffs. It is much more dangerous for global companies.
It just shows how irrational stuff moves some times.
It seems like people just wait for any bearish news to nuke all longs.
Why though? Stocks don‘t even give a shit. They go down 0.5% and recover again.
Crypto should literally not care about Tariffs. It is much more dangerous for global companies.
It just shows how irrational stuff moves some times.
It seems like people just wait for any bearish news to nuke all longs.
I remain hawkish and objecively bearish as long as BTC <89k with target 73k.
As stocks remain fairly stable, this isn‘t set in stone.
I am still hoping for a quick reclaim.
As stocks remain fairly stable, this isn‘t set in stone.
I am still hoping for a quick reclaim.
DiveInDefi
I remain hawkish and objecively bearish as long as BTC <89k with target 73k. As stocks remain fairly stable, this isn‘t set in stone. I am still hoping for a quick reclaim.
A 89k retest is possible and likely though. Then it gets exciting
DiveInDefi
$OTHERS
Rising wedges usually break to the bottom. Can go both ways though.
Forwarded from The Bull
$ETH is approaching a key support zone. If it goes below the green box (under $1,900), it will likely enter a downside phase unless there is a quick recovery on the weekly timeframe.
What scares me is that $SPX has not even corrected at all. 30% is possible. The question is if we decouple in such an incident or if we literally retest 50k range and ETH goes back to 1k.
That would be absolutely brutal.
Rigtht now, if you look at $BTC, the chart is a beautiful top structure.
My current best guess: We probably retest 70-75k area, get a bounce and retest the top channel at 88-90k. If we get rejected there, it is over. But as I said many times before: I think it is over for the BTC cycle as we lost this 100D accumulation range.
We can only hope that the volume was big enough that the amount of people in profit is small enough that the downside is limited
That would be absolutely brutal.
Rigtht now, if you look at $BTC, the chart is a beautiful top structure.
My current best guess: We probably retest 70-75k area, get a bounce and retest the top channel at 88-90k. If we get rejected there, it is over. But as I said many times before: I think it is over for the BTC cycle as we lost this 100D accumulation range.
We can only hope that the volume was big enough that the amount of people in profit is small enough that the downside is limited