This is to illustrate the Federal Reserve Rate Cut during the 2008 housing crash vs Present Day. The Rate cut was done in 2008 to come out of a recession. But presently, the rate is cut before we enter any recession. So if we do see a major recession, there is nothing for Fed to do except may be to go for negative interest rate.
Looks like bull runs could not continue beyond a few weeks.
200 day Moving Average is a major resistance for BTC. Thus the touched it and came down twice is past month.
Next support is near 7.6k at the bottom of the Ichimoku cloud.
Let's see how it pays in next couple of weeks.
Neblio, this is project that is not much hyped but has a great trade setup.
The volume is on a steady pace while price is Bouncing between .23 & .5 Fib level. Recently it had found some support at 50 day MA. RSI has some room to go up but it is bit on the higher side (58%).
I think NEBL can be a good trade pick. Overall price is not too high and it has...
Bitcoin is testing the 200 day Moving Average now. Next big test is the Ichimoku cloud resistance.
Also MACD is closing the gap for price line. If it is crossed, bull run may begin.
This is an exiting setup. I am closely watching it.