Stocks, Commodities, and Crypto. What's going on?
Today I will be sharing 4 charts that I think are relevant to the current conditions we are going through.
Number one is the Bitcoin chart, representing the crypto sphere. In the same way as Ethereum, I think the optimal situation to start thinking on bullish opportunities is if we observe the price reaching the major support zone. That is a well-tested level from the beginning of 2021 and the most external level of the current situation.
In the second place, we have Gold (XAU/USD) After a strong impulse, I think we may be at the beginning of a long-term bullish trend. And the opportunity for me is on the current level IF I observe a clear corrective pattern.
In the third place, we have Crude Oil (AKA the rocket). After the bullish impulse, we observed from 80 to 130 on what I think is the most aggressive bullish movement since 2008; I'm expecting a clear correction on the current area. If that happens, I will be trading towards the previous ATH.
Last but not least, S&P500. My personal view is that this is "another" correction that the price tends to make on the regular decade's bullish impulses we have been observing. That's why, if I see a breakout of the current structure, I will be waiting for a small correction. If that happens, I will trade towards the previous ATH.
Thanks for reading; feel free to add or expand any information you consider necessary.
Today I will be sharing 4 charts that I think are relevant to the current conditions we are going through.
Number one is the Bitcoin chart, representing the crypto sphere. In the same way as Ethereum, I think the optimal situation to start thinking on bullish opportunities is if we observe the price reaching the major support zone. That is a well-tested level from the beginning of 2021 and the most external level of the current situation.
In the second place, we have Gold (XAU/USD) After a strong impulse, I think we may be at the beginning of a long-term bullish trend. And the opportunity for me is on the current level IF I observe a clear corrective pattern.
In the third place, we have Crude Oil (AKA the rocket). After the bullish impulse, we observed from 80 to 130 on what I think is the most aggressive bullish movement since 2008; I'm expecting a clear correction on the current area. If that happens, I will be trading towards the previous ATH.
Last but not least, S&P500. My personal view is that this is "another" correction that the price tends to make on the regular decade's bullish impulses we have been observing. That's why, if I see a breakout of the current structure, I will be waiting for a small correction. If that happens, I will trade towards the previous ATH.
Thanks for reading; feel free to add or expand any information you consider necessary.