Bitcoin | SPX, DJI, Altcoins, Flash Crash, The Merge-ETH & More

25. Nov. 2022

Who dares to make a prediction at such a juncture?
Anything goes...

After this type of action, a new low compared to June but with lower volume... We normally tend to see a test of the "counter trendline", this is as common as it can get.

We also have MA200 dropping fast and once this one drops the candles tend to move in the contrary direction and meet up half way.

We also have the feds easing a little bit, any good news the market can use as an excuse for a much needed relief.

We see many Altcoins that did not hit new lows instead hit new highs, signaling that not all is lost.

The SPX is sitting above 4000.
Its bear market is not over but already in the relief phase with a few more weeks to go.

The DJI broke the August high... We see some positive signals around...

What about Bitcoin, where will it go?

We are looking for a jump now but we have no volume, no positive signals... So many a flash crash and then up?

Ethereum, the merge, is already trading above EMA10 but weak nontheless...

I say up... What about you?

Let me know in the comments below.

Namaste.