So... what's going on??
Been a good days for the fomo-hodlers-cryptobros... and still can be. But be careful, markets cannot and will not pump forever nonstop to 100000000k$. Remember there's powerful people behind any market, and they take profits from pumps and dumps.
To me, this bullish movement seems like having some issues going up, so be careful.
This days SP500 did some great movements. All markets pumped, and so BTC did. Also FED released some great news, though they are probably manipulated to try to save the economy... but who cares, people just wants the number, not the reality.
One thing that needs to be clear is that as long as SP500 holds or pumps, BTC will do the same. The moment SP500 starts to lose supports, BTC will dump, and it will not be pretty at all.
I'll explain why I think this movement is close to end:
1- Rising Wedge that falls into a Bear movement.
2- Liquidity Void (grey rectangle) around 21400-22450. Price should fill that gap.
3- At least at this precise moment, price cannot make a higher high.
4- Lot of absortion on the highs. Price have big issues to keep going up.
5- Macro looking bad for the next months. Careful with september.
6- Issues with USA - China - Taiwan.
7- A lot of fomo on social media --> time to sell!
There's also some indicators (RSI, MACD...) showing deviation, telling that price is about to change it's trend. I do not use them tho, but that's just another thing to take into account.
Of course the end of russian-ucranian war, good news, 3 big fat whales pushing the price or the Pope buying BTC can send the markets to new highs; but we play with probabilities, not with future predictions.
What do you guys think? Do you feel like price will keep going up forever? maybe lateral? or will fall down?
Be careful. Stay safe. Have a great holidays!
DISCLAIMER:
That's not a financial or investment advise in any case. That's just my opinion and my ideas. Always do your own research, and manage your capital with head.
Feel free to comment!! :)
Been a good days for the fomo-hodlers-cryptobros... and still can be. But be careful, markets cannot and will not pump forever nonstop to 100000000k$. Remember there's powerful people behind any market, and they take profits from pumps and dumps.
To me, this bullish movement seems like having some issues going up, so be careful.
This days SP500 did some great movements. All markets pumped, and so BTC did. Also FED released some great news, though they are probably manipulated to try to save the economy... but who cares, people just wants the number, not the reality.
One thing that needs to be clear is that as long as SP500 holds or pumps, BTC will do the same. The moment SP500 starts to lose supports, BTC will dump, and it will not be pretty at all.
I'll explain why I think this movement is close to end:
1- Rising Wedge that falls into a Bear movement.
2- Liquidity Void (grey rectangle) around 21400-22450. Price should fill that gap.
3- At least at this precise moment, price cannot make a higher high.
4- Lot of absortion on the highs. Price have big issues to keep going up.
5- Macro looking bad for the next months. Careful with september.
6- Issues with USA - China - Taiwan.
7- A lot of fomo on social media --> time to sell!
There's also some indicators (RSI, MACD...) showing deviation, telling that price is about to change it's trend. I do not use them tho, but that's just another thing to take into account.
Of course the end of russian-ucranian war, good news, 3 big fat whales pushing the price or the Pope buying BTC can send the markets to new highs; but we play with probabilities, not with future predictions.
What do you guys think? Do you feel like price will keep going up forever? maybe lateral? or will fall down?
Be careful. Stay safe. Have a great holidays!
DISCLAIMER:
That's not a financial or investment advise in any case. That's just my opinion and my ideas. Always do your own research, and manage your capital with head.
Feel free to comment!! :)