$BTC TOP 20
Added 2023-05-01 04:01:20 +0000 UTCSome aggressive moves here lately and the RSI is having a difficult time deciding on its trend, however our count continues to stay valid, in spite of a large whale sell off during the week. Likely more unsettling movement to come as the market decides on what to make of the First Republic Bank sale. From a macro view point, this is abysmal for another bank to go bust and needing to be rescued....but for some reason, this has not concerned investors when it comes to equities, as the Top 5 companies are largely compensating for the negative growth in the smaller companies in the market.
I think this uncertainty will still offer some issues for the market and Bitcoin could benefit from this....and if another bank needs to be rescued, the market may react strongly to this.
So What Now?
This has been following our count, in spite of everything that has been happened in the banking sector, so we will continue to trust how the chart is reading.
