Abbas
815 posts

Abbas
@Easyonsky
Focusing on Contemporary Art & Trading






I think the #SPX is preparing itself for a recession, and—similar to 2007 and 2018—we may see an increase in negative volatility. The issue is that crypto entered its bearish phase much earlier, and if the SPX pulls back, crypto will likely continue its decline. #SPX500


$BTC update: I’m back to a long bias. Managed to add to my longs yesterday at 68.9k. After the 66k sweep, $BTC bounced and we’re now back in the 70k zone. This is a key area for BTC to decide whether we can break out of the current range and push for higher targets. In my view, if $BTC holds 70k there’s a strong chance we get a squeeze to 74k (easy target), and depending on the reaction there, potentially even 78k (harder target, but totally doable). Based on how price behaves at those levels, we’ll get a clearer read on the next scenarios for LTF price action continuation. That said, if we reject 74k I’d expect a clear retest of 68k but we’ll cross that bridge when we get there. For now, as said, I’m positioned long (I’m still holding some shorts, but I have more long exposure than short) and I think we’ll go for those targets as long as like I said, $BTC holds 70k.




















