BTC had a nice rsi divergence in November while everyone was focused on SBF. I expect a rally in the stock and crypto market soon. I believe the reason for the recent down turn (in the last few weeks) is not inflation (since it has been coming down) but the budget to fund the US government. once that is passed and signed, that would be the catalyst for the next market rally as well as the unemployment and CPI data in January.
Please do your DD as this is not a financial advice
Please do your DD as this is not a financial advice
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Providing alternate count if we don't break 21k convincinglyNote
23k incoming?Trade active
Most bullish and likely option I see. Fed could surprise us in 2 weeks as most are super bearish. Keep an open mind, no one know what will happen.Note
there should be a pull back to 21k, this is the trading pattern I am looking at. IF we break below 21k then I'd be worriedNote
we are above all the averages except the 500Note
moment of truthTrade active
chart of Coin seem to be pointing to a bottom at least for now.Note
Bullish indicatorsNote
On the monthlyNote
expect one last shakeout. If we break below 21699 and it becomes resistance, then I will become bearishNote
I still believe we are headed to around 35k. Once there, I would be very careful as we can get a large pull back that could take us to a new low. Note
we could be here. Note
another reason why I think the market bottomed 
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Whenever this occurs, it signals the bottom of the market.
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Even if cpi data is good, I expect a drop back to 18k by the end of the trading week (Friday-Sunday night). Note
Loving this rally. Maybe I am not bullish enough..Note
I am still convinced we will get the big drop over the weekend, not sure what will cause it but if it does it would be bullish for me as it will validate what I am seeing. Note
Did the SPX guide us with the path forward?Note
The SPX is dollar story
Trade active
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does this two chart mean anything to you?Note
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If you are still bearish maybe you will like this chartNote
how can you still be bearish?Note
History repeating?
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lots of people still bearish but I think we could continue the rally soonNote
took a while but we got this spot on.Note
this aged so wellNote
Posted this Feb 19th 2023. We are still a ways away from the dump but its coming.
Trade closed: target reached
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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.