Bitcoin Halving Pregame
What are our thoughts on Bitcoin and the overall market/market sentiment? I have too many words right now for the markets. So many things converging as far as the dollar, rates, equities, and crypto.
This chart is gorgeous and I love seeing the false breakdown over the Iran/Israel headlines. The bullish divergence on the RSI is also lovely.
The SPY has finally filled a CME gap back from February. I think we will see a bottom begin to form from here, and whether or not this is the end of the downtrend remains to be seen. I think the probabilities of one more leg down are decent, but same with this being the end of the bear.
PS: Elon Musk just tweeted a photo of a missile heading straight up.. and I'm not so sure it had anything to do with war ;)
This chart is gorgeous and I love seeing the false breakdown over the Iran/Israel headlines. The bullish divergence on the RSI is also lovely.
The SPY has finally filled a CME gap back from February. I think we will see a bottom begin to form from here, and whether or not this is the end of the downtrend remains to be seen. I think the probabilities of one more leg down are decent, but same with this being the end of the bear.
PS: Elon Musk just tweeted a photo of a missile heading straight up.. and I'm not so sure it had anything to do with war ;)
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