I put together this analysis 4 months ago and adding recent data seems to holding for now.
Not going to say too much about this one as there are a lot of if's and buts. Generally attempting to paint a broader picture of a diminishing market sentiment that could take several months to play setting up for the next halving.
BTC may revisit lower levels yet, but short term recoveries are not off the cards especially after 8 weekly red candles and a oversold RSI. If Traditional stocks bounce through an overly bearish sentiment, they may melt the price up short term, but we also need to account for a possible "finale" bull trap across all markets while trader and investing mindsets come back down to earth for a proper reset.
You be the judge.
Not going to say too much about this one as there are a lot of if's and buts. Generally attempting to paint a broader picture of a diminishing market sentiment that could take several months to play setting up for the next halving.
BTC may revisit lower levels yet, but short term recoveries are not off the cards especially after 8 weekly red candles and a oversold RSI. If Traditional stocks bounce through an overly bearish sentiment, they may melt the price up short term, but we also need to account for a possible "finale" bull trap across all markets while trader and investing mindsets come back down to earth for a proper reset.
You be the judge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.