BTC/SPX 23/08/22

BTC/SPX is looking good. All parameters (indicators) are looking exhausted after reaching major supports and we are now at the top of the descending chanel - Very possible we will break out, therefore crypto would outperform stocks for some time. This can happen in both ways - either stocks will go down and crypto will hold price, or stocks will consolidate and crypto will pump.

I'm still bearish long term, but a push up is possible for bitcoin judging by this chart.
Bitcoin (Cryptocurrency)breakoutBTCChart PatternsTechnical IndicatorsSPX (S&P 500 Index)StocksTrend AnalysisTSG

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