Looks like the Nas is ready to get this popping.... complete with a nice big gap looking to get filled... Of course this should be your clue for crypto ;) gl
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?
As there is still a large correlation between BTC and Nasdaq, we can hypothesize this scenario:
Double low for the Nasdaq, which sees an upward rebound before its achievement, at the same time BTC would also recover, fluctuating up to a threshold (approximately) of 45K and then creating a double low of 32K (January low). Also the Dominance has reached the 50%...
W pattern noted.
This is possibly the last leg of a bearish bat but it has only reached the .786 versus the .886 so far.
This pattern may not be complete as there may be a push up to the .886.
Candle of indecision today at the .786 fib level of XA. The impulse wave of this pattern is labeled XA and is to the downside, which often indicates a bearish pattern that...
The 30 moving average on this weekly chart has always been a very important support. Will it be this time too? We are at the beginning of the corporate earnings season, the job market looks strong and the Fed has taken a decisive direction. I cannot know if it is the beginning of a rise (have the lows of the decade been marked?) Or it will be just a rebound. We...
Just a crazy idea that came up in my mind watching and analyzing VIX and SPX.
In this way, I see that a possible bottom with a possible change in the VIX uptrend started in 2018 can find its way down around the Q2 of 2024, and it makes sense if we think we are entering the recession now.
My bottoms are:
SPX 3000 - 3500
NDAQ 100 - 140
NADAQ is going to touch 105 but, there is another support zone that said maybe be touched and that's blue line drawn.
So if 105 break down it would go down to 80!!!!
Good Day to The Investing World
Despite the research and judgment being quite close and difficult, I am feeling bearish on NASDAQ for the next half-year. The main reason supporting this is the US Economy, which is not in a good position at this time and date. Another reason for this is because of the trend, which is just about identified as a downtrend, despite...
My long term forecast is that the Feds will NOT stop raising interest rates until the US Dollar becomes a deflationary asset and reclaiming its once mighty purchasing power since its inception in 1913. Also, I strongly believe that the Feds will continue quantitative easing until all 9T of its balance sheet is rolled off. I project that the Feds will continue to...
Nasdaq continuation to the downside / I do believe this isn’t over and we will see ( 344$ on the SPY ) this is just a market awareness idea as you see my thoughts are down period .3-4 months then dollar cost average into the stocks you like for the next 5-15 years plus imo - including crypto
My trading plan consists of collecting 5 confirmations MINIMUM on one singular timeframe, across 4 different timeframes (20 total minimum) before I even propose a trading idea to my community.
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Disclaimer: Though I take banger trades, you MUST understand the following DISCLAIMER: I am NOT your financial advisor, a financial advisor, NOR do I give financial...
