Taking a look at the Bitcoin and Ethereum Daily charts.
We'll preface this with this; these are solid long term entries if you're not looking for trade setups in the short to mid term.
Bitcoin at $16K and ETH at $1.2K in 10 years is likely going to look like a great deal.
That being said, we think that we're in for a nice move to the downside in the coming weeks/months.
Our latest Bitcoin target is set at $14K, with $10K very possible still. Ethereum we can see dipping down into the 3 digit range with $900 the near term price target.
We can definitely see the worst case of the two play out since we are overall bearish given the current macro climate.
Crypto unfortunately will not find its "bottom" until we see equities find theirs, that being the SP500 and DJI.
Only time will tell if we're being overly bearish.
Until then, we will continue to look for solid trade setups in the short term!
-TucciNomics
Chief Overlord, AlgoBuddy
We'll preface this with this; these are solid long term entries if you're not looking for trade setups in the short to mid term.
Bitcoin at $16K and ETH at $1.2K in 10 years is likely going to look like a great deal.
That being said, we think that we're in for a nice move to the downside in the coming weeks/months.
Our latest Bitcoin target is set at $14K, with $10K very possible still. Ethereum we can see dipping down into the 3 digit range with $900 the near term price target.
We can definitely see the worst case of the two play out since we are overall bearish given the current macro climate.
Crypto unfortunately will not find its "bottom" until we see equities find theirs, that being the SP500 and DJI.
Only time will tell if we're being overly bearish.
Until then, we will continue to look for solid trade setups in the short term!
-TucciNomics
Chief Overlord, AlgoBuddy
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