Interest rate hikes correlated with SP500 growth. Recent growth from the bottom of the March 21' COVID crash was financed by printing trillions US dollars. It allowed to mitigate unemployment rate spike. Inflation started to rise rapidly and interest rates are expected to grow. Will SP500 growth continue? Or is it overpriced by now? Maybe, Shiller P/E ratio for...
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40k seems to hold for now, I am looking to rebuy (altcoins) when BTC will approach area closer to 30k.
Position from related idea closed. Waiting for re-entry.
Bearish gartley and RSI divergence but still some upside potential left. Sell area: 6.00-6.30. Rebuy on wedge retest.
I don't have luck with ascending triangles but it is worth to watch for a breakout with increased volume.