Technical Analysis:
1. Crypto Total Market Cap Weekly True Strength Indicator still bearish.
2. Repeated failures of technical analysis during this uncertain time are cause by the fundamental factors below.
Fundamental Analysis:
1. Fed Jerome Powell says a 50 basis point hike possible for May; his hawkish disposition today causing flash crash in the market.
2. Other fundamental factors like Russia-Ukraine war, Geopolitical issues, & Inflation are currently affecting the market condition - Causing panic selling.
1. Crypto Total Market Cap Weekly True Strength Indicator still bearish.
2. Repeated failures of technical analysis during this uncertain time are cause by the fundamental factors below.
Fundamental Analysis:
1. Fed Jerome Powell says a 50 basis point hike possible for May; his hawkish disposition today causing flash crash in the market.
2. Other fundamental factors like Russia-Ukraine war, Geopolitical issues, & Inflation are currently affecting the market condition - Causing panic selling.