US100 , driven by AI optimisim is on a Rampage.
We have seen similar pattern in the Internet Boom, nearly couple of decades ago.
Traders voice concerns of a potential manipulation, but there is a deeper institutional play is hiding in plainsight!
As you can see, Bitcoin and ETH is plummeting and to be honest if the demand zone of 60000 is broken, there could be a deeper dive in to the strong support ranges of 42000-44000 which is a stong possibility.
US is trying hard to make it cheaper for mass institutional buying.
Gold is back at the mid 2025 ranges, with a 20 %correction from the top
Where does the money go? Ofcourse to the Hot AI driven assets.!
This is institutional rollovers where the profit taking comes in.
Once the Bitcoin bottoms and Gold grabs the liquidity in 4200-4300 region, NAS100 will experience a huge sell off, in other words, Profit taking irrespective of how much "AI" buzz is out there. This money will be rolled over to the Crypto and Safe heaven.
To simply put, may be from tomorrow or within the next 2 weeks, these things are likely to align with NAS100 plummeting to the institutional demand at 25300-25600.
A deeper correction to 22000-23000 is possible too.
We have seen similar pattern in the Internet Boom, nearly couple of decades ago.
Traders voice concerns of a potential manipulation, but there is a deeper institutional play is hiding in plainsight!
As you can see, Bitcoin and ETH is plummeting and to be honest if the demand zone of 60000 is broken, there could be a deeper dive in to the strong support ranges of 42000-44000 which is a stong possibility.
US is trying hard to make it cheaper for mass institutional buying.
Gold is back at the mid 2025 ranges, with a 20 %correction from the top
Where does the money go? Ofcourse to the Hot AI driven assets.!
This is institutional rollovers where the profit taking comes in.
Once the Bitcoin bottoms and Gold grabs the liquidity in 4200-4300 region, NAS100 will experience a huge sell off, in other words, Profit taking irrespective of how much "AI" buzz is out there. This money will be rolled over to the Crypto and Safe heaven.
To simply put, may be from tomorrow or within the next 2 weeks, these things are likely to align with NAS100 plummeting to the institutional demand at 25300-25600.
A deeper correction to 22000-23000 is possible too.
Trade active
As predicted , Gold and silver are bottoming as mentioned above, bitcoin at 60000
NAS has started to fall.
I expect a natural pullback to resistance at 20800-30000 before the hard fall
brace for next week.!
Have a lovely weekend
Note
Gold and silver as mentioned have nearly bottomed now, expect one more push to 4120 -4150 and Silver to 61-62.3NAS100 retraced back to the level mentioned,
Next targets -
NAS100 - 25800
GOLD - 4600 , sounds bizarre - but very very likely
Silver - will explode back to 100
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.