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bitcoin showdown, again by felix.herrmann

View this thread on: hive.blogpeakd.comecency.com
· @felix.herrmann ·
$3.67
bitcoin showdown, again
<center>![image.png](https://files.peakd.com/file/peakd-hive/felix.herrmann/23tw9kF8m8RgmpcEuauhrLZQ5fDtBcp1PyfHFs6P1RFZuJQpXtoTViT8HwztqdND5dMWx.png)</center>

According to many Twitter TA, BTC charts are on the crossroads again. If the price doesn't properly stay above 20000$ we are probably in for a downward slide, taking HIVE with it.


![image.png](https://files.peakd.com/file/peakd-hive/felix.herrmann/23uFw4yxZe32xkRYJmtzBZfJFuB4kuFaMJa8G1PS8J8kbkS4XhKRB5MkM8k3wWdbp9mzo.png)

In the weekly candle, [HIVE performs very similar to BTC](https://coinmarketcap.com/currencies/hive-blockchain/). Probability of correlation is pretty high.

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https://twitter.com/AurelienOhayon/status/1575628812116639744


https://twitter.com/CryptoNoob_1/status/1577357283171909657

https://twitter.com/AurelienOhayon/status/1575803790896553984

https://twitter.com/therationalroot/status/1575800405787017216

https://twitter.com/WClementeIII/status/1573700328113012739/photo/1

https://twitter.com/StockmoneyL/status/1575455253037735936


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Technical Analysis might hope for a bottom/bullish pattern for BTC, but still crypto is quite tied to the traditional stock market especially [S&P500](
https://t.me/unfolded/14715). So far the money printer needs be back on, or the trust in the financial markets need to be shattered. Let's see what Credit Suisse and others have in store the following days.

![image.png](https://files.peakd.com/file/peakd-hive/felix.herrmann/23t8D6MUFsNYSBGe6gJJ3wgjKNmaDSF3ENfPVBLdc7sbgeMALDhyTVUvSezCDk7UhT5Py.png)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 17 others
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vote details (81)
@jmotip ·
$0.06
Du hast mit deiner Einschätzung sehr wahrscheinlich Recht. Aber irgendwie verstehe ich diese zwangsläufige Korrelation zwischen BTC und Hive einfach nicht. Oder ich will sie einfach nicht wahrhaben. 😄
👍  
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@felix.herrmann ·
BTC ist immer noch der Platzhirsch und Richtungsgeber für Krypto. das wird sich die kommenden Monaten auch nicht ändern...
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