This is something that could totally play out
RISK is very HIGH right now and capital preservation is key
A death cross is on the horizon. Look what happened last time then look at every other time in history this death cross happened.
There are more bearish signs in the near term than bullish signs
Bearish signs
Death Cross
BTC is struggling to break out of the resistance.
Crypto fear and greed index went from fear 27 to fear 45 too quickly.. This could be a liquidity grab "Suckers Rally" for whales to dump as they want to get out..
DXY is still very strong consolidating looking for a leg higher.
We have a rocky stock market..
10-year treasury bonds are printing an h&s which Btc might follow.
Binance BTC SHORTS are going UP!
Bullish signs
We had a little pump because we had hidden bullish divergence on the 4hr but now it looking like it wants roll over..
What do you guys think?
RISK is very HIGH right now and capital preservation is key
A death cross is on the horizon. Look what happened last time then look at every other time in history this death cross happened.
There are more bearish signs in the near term than bullish signs
Bearish signs
Death Cross
BTC is struggling to break out of the resistance.
Crypto fear and greed index went from fear 27 to fear 45 too quickly.. This could be a liquidity grab "Suckers Rally" for whales to dump as they want to get out..
DXY is still very strong consolidating looking for a leg higher.
We have a rocky stock market..
10-year treasury bonds are printing an h&s which Btc might follow.
Binance BTC SHORTS are going UP!
Bullish signs
We had a little pump because we had hidden bullish divergence on the 4hr but now it looking like it wants roll over..
What do you guys think?
