Bitcoin: whale reasoning. This is how Investment funds work
Bitcoin (BTC)
The main crypto is in a similar situation to the US500 and the Nasdaq 100 which anticipated the breaking of the Falling Wedge and before the Apple indices which is the most capitalized company on Wall Street.
The Hedge Fund reasoning is quite simple and logical.
In the accumulation phase, or at the end of the bearish phase of the market, first buy the best and safest products such as Apple, Microsoft which consequently push the indices to turn upwards as is happening now and then go to other alternative assets '' '' like the crypto market which is increasingly subject to the Wall Street BOT.
So that we find the Crypto market '' lagging behind '' the stocks market is a completely normal thing and it has always happened.
If Wall Street continues in the buying direction as it is happening now, in a few weeks we will see an important and long-awaited bullish phase in the digital asset market.
The Chart:
The price found support in the all-time high of 2017 at the price of 20k and is stuck in a Falling Wedge as it will break the resistance diagonally and will have great room for growth.
Almost all the Altcoins that are not Lottery Tickets are following the same conformation as the BTC and therefore of WS.
The golden rule is to buy the best crypto and not lottery tickets
PS: RSI of stocks is already in the area higher than 60% in the BTC we are still below 50% as there will be the intersection we will have a great trend change signal (Finally!)
If you liked the analysis, leave a like, comment and follow us.
LPI, grow with us.
The main crypto is in a similar situation to the US500 and the Nasdaq 100 which anticipated the breaking of the Falling Wedge and before the Apple indices which is the most capitalized company on Wall Street.
The Hedge Fund reasoning is quite simple and logical.
In the accumulation phase, or at the end of the bearish phase of the market, first buy the best and safest products such as Apple, Microsoft which consequently push the indices to turn upwards as is happening now and then go to other alternative assets '' '' like the crypto market which is increasingly subject to the Wall Street BOT.
So that we find the Crypto market '' lagging behind '' the stocks market is a completely normal thing and it has always happened.
If Wall Street continues in the buying direction as it is happening now, in a few weeks we will see an important and long-awaited bullish phase in the digital asset market.
The Chart:
The price found support in the all-time high of 2017 at the price of 20k and is stuck in a Falling Wedge as it will break the resistance diagonally and will have great room for growth.
Almost all the Altcoins that are not Lottery Tickets are following the same conformation as the BTC and therefore of WS.
The golden rule is to buy the best crypto and not lottery tickets
PS: RSI of stocks is already in the area higher than 60% in the BTC we are still below 50% as there will be the intersection we will have a great trend change signal (Finally!)
If you liked the analysis, leave a like, comment and follow us.
LPI, grow with us.