Is the price of BTC/USD going up? YES but, is it rising strongly? NO
Possibly the price is going to give another bearish trend in the short - medium term since historically the last months after the post-halving year are bearish and more September. Besides, it is presenting a correction pattern and the correction patterns do not present strength. We'll see what happens at the end of the year
It is also possibly going to see a recession in the remainder of the year and what falls the most are high-risk investments such as technology companies (Index: Nasdaq
NDQ) and also BTC
BTCUSD is a high-risk investment.
Below I leave you an idea that I shared of the S&P 500
SPX
Here all the last months of the next year post-halving:
https://www.tradingview.com/x/k0sfFAJT/
MA and EMA 200 1 day:
https://www.tradingview.com/x/Df5KpPN7/
Possibly the price is going to give another bearish trend in the short - medium term since historically the last months after the post-halving year are bearish and more September. Besides, it is presenting a correction pattern and the correction patterns do not present strength. We'll see what happens at the end of the year
It is also possibly going to see a recession in the remainder of the year and what falls the most are high-risk investments such as technology companies (Index: Nasdaq
NDQ) and also BTCBTCUSD is a high-risk investment.Below I leave you an idea that I shared of the S&P 500
SPXHere all the last months of the next year post-halving:
https://www.tradingview.com/x/k0sfFAJT/
MA and EMA 200 1 day:
https://www.tradingview.com/x/Df5KpPN7/
Note
It reached the red line and began to fall strongly and broke micro trends, I expect a retracement for a sale in Futures with Take Profit in the 23,200 area.Note
UFFFF 🥱
Edrul Alejandro.
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
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.
Edrul Alejandro.
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
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.