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Stockmoney Lizards
Stockmoney Lizards
Bitcoin update. There's absolutely nothing to be outraged about ("Manipulation"...) Been reading some short-term bullish bias posts recently. Of course we can go "up only" from here. But these posts are made out of hope, not actual TA. Relax, accept the charts and set your limits. We will reach 100k soon enough again. Just not now.
Stockmoney Lizards
Stockmoney Lizards
Stocks are back at all time highs, Bitcoin touched 78k and while last week people were still calling 50% corrections on the S&P 500, this week feels unreal. Let's take an objective look at the charts: Bitcoin is now repeating a move it has done multiple times before during bear markets. I believe a rejection at the daily EMA200 / 0.5 FR is a possible scenario. HOWEVER: WE WILL NOT DIVE TO 40k AS SOME PREDICT. I believe in 2 scenarios: A) Pullback to somewhere between 65k - 70k or - should stocks correct further down now - into the green "Max pain" box. Either way. Downside is limited. I am cautious and not buying here. My buying zone is 53 - 60k, in case we touch that again. Next 6 months are bullish.

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