BTC bearish to 33k

8 Nis 2022

The SPY is not looking too hot atm and I think its going to have a dump pretty soon. This is unfortunate because BTC has looked great recently. It just cannot perform well if the SPX looks like it does. I think BTC is in a rising wedge on declining volume and will breakdown with the SPX to 33k

8 Nis 2022

Not

We need the SPY to invalidate its current setup for me to flip bullish. See previous chart for more info. BTC needs to hold the support it is at now to sustain itself

8 Nis 2022

Not

A break UP of this pattern would still take us to 58k if we don't breakdown. But this pattern I am not vibing with