https://www.tradingview.com/x/vkSZNkou Take a good look at th | Bitcoin & Altcoin signals (BCL)

https://www.tradingview.com/x/vkSZNkou

Take a good look at this #SPX chart. The blue upper line was ofcourse crossed in februari 2021, initiating that nice bullmarket for #BTC towards 64k.. but that line was tested already 1.5 year later again, initiating the massive sell off.

This can happen again. And the red line is the neutral one. Imo there is a good chance this red line can be tested again. Means breaking the upper blue line again. And that is medterm/short term a bit bearish.

This probably means BTC would go down by minimally 30%. 20k. For a lot of retail that is stepping into #crypto again after 25k was crossed, this could be a "big hit."

I hoped we'd be crossing 4200 SPX by now. Would have been a safe feeling for our 60% cryptowallets :-) but nope, we have to trade at facts. Fact is 4000 SPX test incoming.