WARNING: SPX500 is hanging on a cliff

WARNING FOR ALL CRYPTO BULLS: SPX500 is hanging on a cliff, head and shoulders, M pattern and quite a high RSI. New York opens in 5 minutes and things could get very ugly for the crypto market if the SPX500 dumps. In current condition; very likely but lets not guess and just watch this chart to see what happens.

This is why I was looking to buy coins today and I've been looking and seeing dips and beautiful double bottoms, oversold etc etc and guess what? I bought zero and trading some leverage positions as they currently give me a better risk / reward and a quick trade. I do believe we will see further downside for BTC and the S&P500 so I'm waiting for more dip to buy back in. You do you though, if your alts are doing well, great job - just don't ride the dump if it comes. Maybe we're all good and the stock market has some more gas but in general it is my main concern together with Bitcoin.

IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.

Comment:

BTC is looking bearish! Didn't manage new high, very low RSI and low volume. Simply put: no one wants BTC right now apart from the Youtubers shilling it because they bought at 5K. Don't fall for it, you know my opinion on Bitcoin and thus the crypto market; add caution to caution!