grega2022-10-21

Bulls? Carefull

Cryptos have some nice intraday bullish patterns as recent pullback unfolded in three waves. I think we can see more upside, but just be aware that the higher degree trend is still down so if you play the long side, play it small. Why I am pointing out this is also because the US yields are higher/notes lower which is USD positive, so risk-on is not confirmed. I am afraid that bitcoin and SP500 can catch the downside if yields will continue to rise.