There's blood in the streets.

Ouch!

Join us for an urgent market update, as we see blood on the charts for the 7th week in a row…

If you took a look at our market out look here, we highlighted the importance of this trend line and if we closed below on a weekly candle, we would head towards the 50% Fibonacci/ the CryptoCartel REDZONE. Well that’s exactly what happened…

We mentioned this during our last quick update, and what do you have? bitcoin slamming straight into the demand zone (purple box)

This is now on par with the lows of May 2021 – same place different year…

This would actually be a good place to enter a position in terms of risk to reward ratio (Not Financial Advice)

Let’s take a look at the fear and greed index next.

Fear and Greed Index:

Market sentiment is pretty fearful right now. One thing is for sure, the CC never buy when everyone is greedy…

Here are some articles highlighting the fear in the main stream media:

https://www.independent.co.uk/tech/bitcoin-price-crash-news-live-b2074690.html

https://www.bbc.co.uk/news/business-61375152

Food for thought: Smart money often puts fear into the media to get the to sell their coins to them cheap… bull run soon?

Stay tuned for CryptoCartel technicals…

Stay Tuned and Peace out,

♛ The Crypto Cartel ♛

Not financial or tax advice. This newsletter is strictly for educational/ entertainment purposes only. It is not investment advice or an invitation to buy/ sell anything or make any financial decisions. Please do not make any decisions based on this newsletter, speak to a professional and do your own research.