The Dollar index DXY is taking off, investors are protecting themselves in dollars as a safe haven after the rise in interest rates, and it's a big bearish signal on the S&P 500 and the BTC.
https://www.tradingview.com/x/uU2AWali/
The complete analysis of the DXY dollar index: https://www.publish0x.com/the-king-of-crypto/btc-daily-technical-analysis-the-3-assets-i-watch-to-trade-i-xqevmzl
The S&P 500 confirmed its bearish divergence on the RSI after crossing below 50
On the MACD the momentum of the buyers is weakening and soon in the red if it continues like this,
The rise was a scam pump to liquidate the shorts as it rises on the price while it falls on the OBV (On Balance Volume).
https://www.tradingview.com/x/DWjB89fU
The complete analysis of the S&P 500: https://www.publish0x.com/the-king-of-crypto/btc-daily-technical-analysis-bull-trap-bear-trap-ping-pong-p-xgjnjjd
Bitcoin is a little behind the S&P 500 in terms of the strength of the descent, it's still above the last June Bottom at 17.6K, unlike the S&P 500 which has already broken.
- The pump remains a fake pump like the S&P 500 saw the bearish divergence on the OBV.
- We are inside the Ichimuku cloud which is neutral, and we were thrown out of the top of the cloud.
- The rejection of 50% fibo.
- The bearish divergence on the RSI to be confirmed!
https://www.tradingview.com/x/hqZNfuNi/
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