For the past couple months, TA says we have to see a relief rally. US stocks and FED have been in sync with crypto and have been holding it down instead of TA playing out as usual.
Looking at how stocks are waiting for investors to get bullish and how BTC is staying down even though most indicators show it has to move up. We are in uncharted territory and literally could go either way.
This is the first time Crypto is experiencing a possible recession, stock market crash, and global economy uncertainty. Many are saying we have found the bottom and others are calling we must go lower but until market sentiment improves we can either sideways trade or go down lower.
On a side note, LTC has been holding the $40 very strong even gaining on BTC/ETH parings but nothing to say we aren't moving lower if investors dont feel confident in the coming months.
However, it doesn't seem like a bad time to Long here. Even if we go lower now, in a month or 2 we could see gains from here as we did in 2020.
Entry Targets:
$40
$36
$30
Stop:
$28
Looking at how stocks are waiting for investors to get bullish and how BTC is staying down even though most indicators show it has to move up. We are in uncharted territory and literally could go either way.
This is the first time Crypto is experiencing a possible recession, stock market crash, and global economy uncertainty. Many are saying we have found the bottom and others are calling we must go lower but until market sentiment improves we can either sideways trade or go down lower.
On a side note, LTC has been holding the $40 very strong even gaining on BTC/ETH parings but nothing to say we aren't moving lower if investors dont feel confident in the coming months.
However, it doesn't seem like a bad time to Long here. Even if we go lower now, in a month or 2 we could see gains from here as we did in 2020.
Entry Targets:
$40
$36
$30
Stop:
$28