BTC Daily Technical Analysis: Assets to watch to understand the reasons behind the volatility of the crypto market.

BTC Daily Technical Analysis: Assets to watch to understand the reasons behind the volatility of the crypto market.


The S&P 500 confirms many bearish signals. such as the break bellow the MA62, the return of the Selling Momentum on the MACD, the RSI breaking below 50, the big red engulfing candle today.

If we close tonight or another day below 3900 the 3720 it will be inevitable and then the 3637, and it's almost 90% that the BTC will return to 18.5K and 17.6K to see + low, we are dependent on the S&P 500 of the news and the dollar, Bitcoin is the king of cryptos but the S&P 500 is its king.

https://www.tradingview.com/x/BMgm6YKC/ 

85f2137ccbaed93a966270eee274056f38c888dbc6f6a001bcb36eb4ab69b3bb.png

 

 

The Dollar continues its bull run after testing the 50% fib, today's big green candle is completely correlated to the market, people are pricing the interest rate hike ahead by getting on the Dollar which has don't seem to want to stop at 110...150???

https://www.tradingview.com/x/fobmRDlw/ 

17de7fedbd86880d4009b548d44e955d6c77bc885f73ef6e73f38e79e557cb16.png

 

 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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