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Technical analysis by aceofcryptos about Symbol SPYX on 8/15/2022

https://sahmeto.com/message/3684575
aceofcryptos
aceofcryptos
Rank: 8874

SOL follows BTC and BTC follows S&P500

Neutral
Price at Publish Time:
$4,256.9
،Technical،aceofcryptos

Crypto Market seems like another Stock (tech) market, so with current economic fears (debt, interest rates, currency and etc.) BTC (crypto trend setter) tends to follow S&P 500 at the moment. As S&P500 rises BTC seem to rise too, hence SOL rises assuming that crypto market (BTC) goes up. Therefore, S&P500 -> BTC -> SOL (at the moment at least).

Source Message: TradingView
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