Current SPX stock market vs. crypto climate outlook.
We believe that there is another leg down similar to other instances where Stoch RSI needs to double touch bottom in order to set off a 2 year cycle of upwards movement. This coincides very well with the crypto market which is according to our analyses ready for another final leg down closing in on January 2023. We believe that this projects a top for bitcoin and stocks around December 2025. Our most prudent and risk/reward trade would be to buy spot BTC at this next bottom with diviersification into altcoins before March 2024.
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.