Markets have been bleeding since the beginning of 2022... According to the US Government and Federal Reserve we are currently not in recession. A strong labour market continues to hold up the economy, but will it continue or are we just delaying the recession expectation?
With all the commotions going on in the markets and global equities, naturally we have lots of fear in the market. One thing that I believe is in order for market makers to move prices and enter positions, they require a massive amount of liquidity in order to execute buy orders, and vice versa when selling. Let's take a look at SQQQ, an ETF that tracks the...
Bitcoin and most major markets have been trending downward for several months, and we may be seeing some signs of a reversal. Ascending triangle pattern on the 4H time frame we may see a quick pump up to my daily levels at approx $58k. Will we be able to sustain this rally or is there still more pain left? Only time will tell... Namaste!