Is the crypto winter over?

I see consolidation pattern above $34k, but the volume on the green candles suggest buyers (money) are coming in

To me, it makes sense as there is an absolute chaos going on in the global macro markets, JPY above 150 to a $, bonds 10y yield going back up, earnings fucked up by recession, Google Alphabet case in point, nasdaq and spy been down more than up...

Flight to safety that is bitcoin that's been up nicely the past 2 weeks and a reflexive move up loop

This dude only deals with hinw and private offices and institutional investors, he has been overwhelmed, take it with a grain of salt

 

I just might do that one of these days. This nation is turning ugly by the day.

Anyway, it's looking like we might reverse here. Let's see if it drops below that line.

 

Either way, if it's true, it'll show up on the chart. I just go by what I see on the chart.

 

There she goes. Next likely target level will be (we shall see)...

 

But the real line in the sand is with this trendline. Should that be taken out, we just might be in for a rude awakening. Again, don't take anything I say at face value.

 

Your tradingview is broken (Binance issues?)

btc/tether is at $34.6 for me, no big moves

 

No, it's trading in par with the CME bitcoin futures. I think the price you're referring to is the spot price (eg BTC/USD or BTC/Tether).

I like looking at the Binance over CME chart. It's more cleaner. But, overall, they move pretty much in tandem.

 

Your image showed $35k price, I'm not able to follow,

It looks like bitcoin will go down to the green line in the short term?

 

Alright, we reached the target. Where to now? I'll leave that up to you.

 

So did you see this coming? Yeah, right!