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BTC Cheat Sheet (S&P 500 fractal)
BTC is still following the same behavior of the S&P 500.
This could be because of the transformation that is happening to the crypto market where it is becoming more mainstream and having institutions invest (Mature Market).
This might be one big shake down for the big money to have great entries and by that time the markets will have better regulations.
According to the analysis, BTC is expected to revisit the May lows of 30K and possibly 20K.
it is hard to believe BTC will go lower than 30K but this is what the fractal is showing.
Analysis is invalidated if the RSI flips the trendline I have drawn (you can see this in my previous chart).
Best Regards,
This could be because of the transformation that is happening to the crypto market where it is becoming more mainstream and having institutions invest (Mature Market).
This might be one big shake down for the big money to have great entries and by that time the markets will have better regulations.
According to the analysis, BTC is expected to revisit the May lows of 30K and possibly 20K.
it is hard to believe BTC will go lower than 30K but this is what the fractal is showing.
Analysis is invalidated if the RSI flips the trendline I have drawn (you can see this in my previous chart).
Best Regards,
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