Goodday fellow traders/analysts.
Nothing goes up nor down forever. Price-action has found resistance at the exact same levels as the previous support(purple/pink solid lines). Which happens quite often. Supports turning into resistance once broken through and vice versa. This is pretty much textbook TA excpectations. So yeah, unfortunately the bearish trends will...
Here's what I mean when I say Bitcoin is tracking garbage stocks, the overlay is ARKK, Cathie Wood's garbage ETF.
This is an hourly chart, that's how close BTC has been tracking garbage.
BTW, Cathie Wood tends to chase after garbage, whatever you do don't buy her fund. You'd be better off randomly picking stocks yourself. Look at her portfolio before you buy...
