Ascending Triangle with Bitcoin. Will the measured move play out?
Pros -
1) Weak US Market
2) SPY 21.50 which is high for growth when we are headed for a recession.
3) Hedge for inflation
Cons -
1) Below 55 on the RSI
2) Weak positive momentum on the MACD
3) Bearish hammer pin is forming
Pros -
1) Weak US Market
2) SPY 21.50 which is high for growth when we are headed for a recession.
3) Hedge for inflation
Cons -
1) Below 55 on the RSI
2) Weak positive momentum on the MACD
3) Bearish hammer pin is forming