BTCUSD (1-23-2022) - H&S

Hello Followers,

Looks like BTC has broken below the neckline and is continuing it's downtrend.
With rising rates on the horizon, BTCUSD does not look like the inflation hedge many thought.

The below link also indicates volume decreasing as a rapid level, suggesting a multi-month bearish divergence.
https://www.dropbox.com/s/r9rxvkvb7h7gqmj/BTCUSD%20%281-8-2022%29.png?dl=0

We could see levels around 12k if the pattern plays out to it's full potential.
Look for Equities to also play a similar role in entering correction territory.

Stay safe and don't Over-Leverage!!

*Charts are my own views and opinions, not intended as investment advice*

تعليق:

Update on the Fed Hiking Cycle, while I don't think they'll be 7 this year (maybe 4-5), I wouldn't underestimate 7-8 through June of next year (an additional 3-4 next year) to combat inflation.
My outlook for this DXY below:

s3.tradingview.com/s...shots/f/FcFPG9IN.png

BTC Outlook for 2022 as you all know, eyeing the 12-10k levels:
s3.tradingview.com/s...shots/j/JXouoOsZ.png

Cheers, Stay Safe and Invest wisely!