With so much indecision in the market the sentiment has been forked with Bulls and Bears ... the highest since 2003 according to bloomberg's analysis on the S&P targets for analysts High vs Low targets -
This general sentiment goes thru out markets that just follow an ebb and flow till something happens in that particular sector. A good example of this is Nasdaq bullish movement due to mostly AI boosting tech into new highs. Or the banking industry affecting the Dow.
With that said , Crypto looms with much uncertainty as nations adopt digital currency formed by legislations in their respective localities.
My personal standpoint is from a thesis that price action moves to liquidity and inefficiency. Crypto bull runs left much inefficiency and liquidity sits at key areas on the Monthly Timeframe:
BTCUSD
BTCUSDT
BTCUSD
This general sentiment goes thru out markets that just follow an ebb and flow till something happens in that particular sector. A good example of this is Nasdaq bullish movement due to mostly AI boosting tech into new highs. Or the banking industry affecting the Dow.
With that said , Crypto looms with much uncertainty as nations adopt digital currency formed by legislations in their respective localities.
My personal standpoint is from a thesis that price action moves to liquidity and inefficiency. Crypto bull runs left much inefficiency and liquidity sits at key areas on the Monthly Timeframe:
The Annual Range midpoint for 2022 is noted at 31850
Orderblocks from June 2021 Mean threshold for Open to Close - 36168
Range midpoint 35061
A Fair Value Gap is formed for the month of May 2022
Quad levels for this area:
High - 37590
upper quad - June 2021 OB mean Threshold
Consequent Encroachement - Near June Close 2021
Lower Quad - 33370
Low, IOFED = ’22 Annual Range Midpoint
BTCUSD
BTCUSDT
BTCUSD