BTC compared to SPY/QQQ giving 2 predictions.

19 Ağu 2022

The market has been holding strong on dubious fed news and high inflation. The BC charts appeared to have been a leading factor as opposed the smaller moves on the major US indexes. This break down has been expected and I have held BTC, SHIB, LUNA2 and TRX shorts which have all been closed today to 75% of their new value. I'm now awaiting a bounce to the 22k or 23.4k levels as are shown at the lines 1 and 2. These will then fall back to a larger target around the 20k mark. I've left 25% of the trades to run because this could drop further to the 20k mark if SPY, QQQ and DJI all drop hard, which they are posed to do soon for a natural correction.

So 2 real options, within the next 2 weeks, BTC recovers slighlty before more falling and the SPY, QQQ hold up.
Or, SPY, QQQ both fall, dragging BTC with it.