BTC - UPDATE

Hi guys, if you like my predictions and informations please always hit the like button and follow. Please take a look on my latest chart about Harmony. I think its going to explode by the way. Now some informations about BTC and market:

The report about employment situation blow some hope into stock market yesterday. The Goldman report says the banks are expecting continues in rate hikes in July, September, November and December. This is not good for crypto as well. Next week is going to be really interesting because SPX is really close to make a breakout and change the trend to UP. Its very hard to say what will happen because there are a lot of news comming next week. For example German ZEW Sentiment on Tuesday, the UK's GDP print on Wednesday. A lot of analysts says that UK is already in recession and does data that will come can only confirm that which will be very bearish for stocks. Wednesday fresh CPI data gets released in US and so on... Maybe pump and dump week will come...

I know that everybody would like to see some rally UP but its very hard to say if we will go up above 23K. RSI does not matter here because geopolitical situation is very bad and BTC is very high corellated with stocks. It is not the same like some years ago, you need to take that into considiration. Another thing is that a lot of pro traders says that stocks can easily go down 30% more, which will cause very big dump for BTC and reset everything what people holded for some years now. This will make a lot of pain for everybody. Thats why im not a holder but daily trader that is switching positions from shorts to longs all the time.

What im doing right now?
I closed all my shorts because market is bouncing UP a little. I keep only one long on Harmony (ONE) because is after huge price dump. So openning Harmony long after yesterdays breakout is very attractive for me. BTC is tricky. I will see how the situation will develop next week.

Good luck!