StockMarketTrends
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BTC Downtrend
$BTC keeps falling lower.
The bottom of the accumulation range is at 90.5K. The probability we will go there is now high. The rebound from 92.5K looks like retail investors rushing in but it seems to be short lived and it is now liquidity for the whales.
Explanation of the downtrend on the daily chart (rise above the 20MA was a bear trap) and evidence of the poor strength to go back up on the hourly chart.
Do not forget to look at the S&P500 as recent $BTC movements have been following the stock market closely.
#downtrend
#accumulating
#StockMarketTrends
The bottom of the accumulation range is at 90.5K. The probability we will go there is now high. The rebound from 92.5K looks like retail investors rushing in but it seems to be short lived and it is now liquidity for the whales.
Explanation of the downtrend on the daily chart (rise above the 20MA was a bear trap) and evidence of the poor strength to go back up on the hourly chart.
Do not forget to look at the S&P500 as recent $BTC movements have been following the stock market closely.
#downtrend
#accumulating
#StockMarketTrends
Stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand at that point in time in the market.
Fundamental factors drive stock prices based on a company's earnings and profitability from producing and selling goods and services.
Technical factors relate to a stock's price history in the market pertaining to chart patterns, momentum, and behavioral factors of traders and investors.
$BTC
$ETH
#StockMarketSuccess
#StockMarketTrends
#StockPrice
#StockExhange
Fundamental factors drive stock prices based on a company's earnings and profitability from producing and selling goods and services.
Technical factors relate to a stock's price history in the market pertaining to chart patterns, momentum, and behavioral factors of traders and investors.
$BTC
$ETH
#StockMarketSuccess
#StockMarketTrends
#StockPrice
#StockExhange