I was expecting 23k to 19k target back in Feb. However, it reached around 17k which open the possibility of expanding ending diagonal.
stop is anything below 13,500
I think we are going to make new lows for BTC with ending diagonal targeting 22K to 18K (unless it is running flat correction), then BTC will be on the run beyond 100K
This analysis is false is we went below 14K
With Dollar index going to new Highs in the coming months as fed is going to increase interest rate, as well as, OPEC promising to increase the oil supply by 400K barrel per month. I suspect oil will bleed through out 2022. I think the world needs cheap oil to help non producers countries recover from Covid supply chain issues.
From July 2008 to January 2016 it...
- Very clear 1,2,3 waves
- Still working on wave 4, accumulation zone is anything below 0.04$
- wave 5 target is above 0.5$ ( around august to September)
- Invalidation of this analysis is breaking 0.023$
I suspect that TASI will make new Highs in the next weeks, leaded by Alrahji bank. However, most of TASI companies are making new lows and are going to do the same.
The final target is around 12500-12700, Heavy correction is going to follow
With federal reserve promising to increase the interest rate in coming months. Clear impulsive wave for the dollar index that I think will effect stocks and commodities in 2022. I suspect Inflation fears will not last. and the fed needs to prove that it has a major effect on the markets and do whatever it takes to lower inflation.
If the DXY reverse head and Should reaches its target around 93,this megaphone might play targeting 10,000.
However, I suspect more QE to save the market and continue to new highs around 15,000 on a boring rising wedge structure until JULY or AUGEST
