Bitcoin / TetherUSShort
BTC/USDT - More Pain Ahead? 📉🥶
Looking at the BTCUSDT 1W chart. We've highlighted a so-called "bottom" zone we think Bitcoin can range in.📉
Our inspiration on this chart comes from the classic "Wall Street Psychology Of A Market Cycle".🔮
It seems we've passed the "Panic" section and are entering the "Capitulation" & "Anger" phases.
Ultimately crypto's near & mid term fate will depend on the S&P500 and equities. Until we find a bottom in the traditional markets, crypto prices will find it difficult to sustain these current levels.
The FED will keep hiking until something breaks, so time will tell!
Eyes peeled & stay safe!
-TucciNomics
Chief Overlord, AlgoBuddy
Our inspiration on this chart comes from the classic "Wall Street Psychology Of A Market Cycle".🔮
It seems we've passed the "Panic" section and are entering the "Capitulation" & "Anger" phases.
Ultimately crypto's near & mid term fate will depend on the S&P500 and equities. Until we find a bottom in the traditional markets, crypto prices will find it difficult to sustain these current levels.
The FED will keep hiking until something breaks, so time will tell!
Eyes peeled & stay safe!
-TucciNomics
Chief Overlord, AlgoBuddy
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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.
Get Access to the exclusive QuantVue indicators: quantvue.io/
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Related publications
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.