Since the beginning of 2020, SQ and BTC have moved together, almost perfectly.
However, I believe the BTC is a bit ahead of SQ.
Where BTC was on May 8ish i believe is roughly where we are, meaning we are due for a drop.
This along with fundamentals (www.theverge.com/202...premanent-policy-ceo & realmoney.thestreet....ing-too-hip-15329627).
And the technicals:
-RSI topped, although not technically oversold
-MACD is bearish
-Large selloff wicks
I believe we CAN see a possible hop up to ~84 then we will go towards the $70 range
Overall, SQ is bearish.
Some articles to look at if interested:
news.bitcoin.com/squ...g-367-to-306-million
www.coindesk.com/squ...to-payments-satoshis
www.pymnts.com/crypt...ime-payments-system/
Let me know what you guys think. Agree or Disagree.
Stay Safe.
not financial advice
However, I believe the BTC is a bit ahead of SQ.
Where BTC was on May 8ish i believe is roughly where we are, meaning we are due for a drop.
This along with fundamentals (www.theverge.com/202...premanent-policy-ceo & realmoney.thestreet....ing-too-hip-15329627).
And the technicals:
-RSI topped, although not technically oversold
-MACD is bearish
-Large selloff wicks
I believe we CAN see a possible hop up to ~84 then we will go towards the $70 range
Overall, SQ is bearish.
Some articles to look at if interested:
news.bitcoin.com/squ...g-367-to-306-million
www.coindesk.com/squ...to-payments-satoshis
www.pymnts.com/crypt...ime-payments-system/
Let me know what you guys think. Agree or Disagree.
Stay Safe.
not financial advice
