The Nasdaq has closed below its 200 week moving average for the first time in 14 years
This is the moment that for the 2 prior 50-80% bear markets in 2000 and 2008
Bitcoin has not lived through these points.
Does bitcoin collapse with all other currencies, stock markets and risk assets?
Or is Bitcoin finally seen as the safer option to store wealth?
This is the moment that for the 2 prior 50-80% bear markets in 2000 and 2008
Bitcoin has not lived through these points.
Does bitcoin collapse with all other currencies, stock markets and risk assets?
Or is Bitcoin finally seen as the safer option to store wealth?
ملاحظة
Yesterday the fed effectively announced that they are looking to want to slow down. Doesnt actually mean anything, because the fed hasnt done anything yet, but uses this kind of media to influence the markets when it sees fit.
...nothing to do with the mid terms i swear :P
reuters.com/markets/us/feds-rate-debate-shifts-how-when-slow-down-2022-10-21/
ملاحظة
update to this chartnasdaq weekly looking bullish . I did a post a while ago about it closing below the 200week ma, but we have made a higher low on the 618, bullish div on the mcb , and broken out of the trend line
Lets see how it reacts at the 50ma and the resistance line
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