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The S&P500 first lost the daily 50ema and now the H&S pattern on the daily chart is breaking down.

https://www.tradingview.com/x/oqIQbLKR
Looks like a cup&handle pattern at DESCI. Should at least double after a bullish retest of the neckline.

https://www.tradingview.com/x/zWuiiXhz
bämRock Crypto Trading
BTC hit the daily 50ema which was one of my main downside targets https://www.tradingview.com/x/AYs3Yjmr
Yesterday BTC completed the pullback of the bearish breakout (hit the golden pocket).
The real bearish move (follow up to the bearish breakout) to sub 90k$ or even sub 80k$ is still in the cards.

https://www.tradingview.com/x/HO2SqKD8
bämRock Crypto Trading
The S&P500 is now half way to the breakout target. https://www.tradingview.com/x/7VEs4Yt9
Considering that BTC moves with the stock market, it might continue lower after a little breather.
The S&P500 is currently doing a pullback after the H&S breakdown.
Expecting more downside afterwards.

https://www.tradingview.com/x/pWFc1Ics
bämRock Crypto Trading
And the weekly chart is the other reason why XRP is currently my biggest position (not a long time hold). https://www.tradingview.com/x/uiIhB178
Now the similarities between the XRP behavior in the current and last cycle are becoming obvious, although this time there isn’t even a lot of volume.
Might be just the beginning.

Did you buy at the long term support level in summer?

https://www.tradingview.com/x/soKs3v0K
2025/07/06 21:14:33
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