This is a long term analysis for BTC based on Elliott Waves Theory and on a Monthly chart. Lets see how does it play out. Trade safe!
Since currently the DXY is dictating the direction of the markets, I think that it is appropriate to make an analysis to see what could we expect in the coming months. In this way, I present these possible two scenarios, and remember that markets (including crypto) respond in opposite direction to the DXY, i.e if DXY goes up, the markets and crypto will go down...
Considering that BTC has broken the previous weekly low, we could think of a further continuation to the downside. Here I propose two different targets. Let's see what plays out. Trade safe!
I'm checking here the SMC levels and since the USD (DXY) is having a correction that it is likely to go deeper, BTC and all crypto assets can experience a small bull run. However you must be aware that this is only temporal and not a long bull run that will take BTC "to the moon" (that might happen later :) ). How high will BTC get (40k or 50k)? Well, that...
Since DXY is governing what happens in all other markets, I think that it is worth a deep analysis, and this is what I expect for DXY in the coming days/weeks. If this scenario plays out like this, then we can do basically the opposite for crypto and stocks. Sell crypto and stocks when DXY is going up and buy crypto and stocks when DXY in a downtrend.
It is possible that we'll see a rebound on TSLA and other tech stocks, but bear in mind that this is only possible if DXY has a good correction. If this correction happens, this is what I expect to see.
I propose this scenario for a bearish continuation on ATOM daily timeframe. I'm expecting a small rebound across all markets and then a big move to the downside.
We might have a relief rally in the coming days. This is a possible scenario, however it is important to note that the big trend is to the downside.
These are two possible targets for the QQQ in the long term. Beware that this is a 2W chart.
Hello Guys. This is an analysis for APPL long term. Please be aware that this is a 2W chart, therefore in the meanwhile there might be a little rebound to the upside, but in the long term we might see a continuation to the downside.
If we have a small relief rally, we might see NFLX going a bit up.
It seems that TSLA still has another leg down on the daily chart.
Just as BTC , ETH might have a small rebound before a big move down.
I think that we'll see a little rebound from here. But careful because this is not going to last too long, and it might be the last chance to get out and ready for a big dump.
We might be forming a 5 wave impulse movement to the upside. If this is correct, we could follow this path. We'll see.
My BTC sentiment for the midterm is bearish, and these are the reasons why: - The Short-Term-Holder realized price is $46.4k, meaning that they've been underwater for quite sometime. Therefore with every day day that the price doesn't rise they are more likely to sell. - The positive news around BTC (like Russians and Ukrainians changing their money into BTC or...
I have a bearish bias on the market in general due to the current economic climate and crypto is not the exception. As you know ETH follows BTC and here you can see my BTC idea, where I explain why I think BTC is bearish: In this way, I reckon that ETH can re-test the 1.4k area. Make you own analysis and trade safe.