Looking at the chart, we can see that Bitcoin has tried to reach the last higher low, similar to the S&P500, but could not reach it and started a correction.
Moving on to the S&P500, we can see that after trying to reach the last higher low, it could not do so and started a correction to below the daily demand zone.
However, as with any technical analysis, other factors can impact price movements, such as market sentiment and news events.
Finally, let's look at US bank assets on the balance sheet. US bank assets have been growing steadily over the past few years, with a slight dip in 2020 due to the pandemic. However, the assets have since recovered and are now at an all-time high. This suggests that banks are lending more money and consumers are borrowing more, which could be a positive sign for the economy.
In terms of similarities between these three charts, we can see that there is a general uptrend in all of them, with some corrections along the way. Both the S&P500 and Bitcoin experienced a correction after trying to reach the last higher low. US bank assets have also experienced a slight dip but have since recovered to new highs.
Overall, while there may be some similarities between these three charts, it's important to analyze each one individually and consider other factors that could impact price movements. Technical analysis is just one tool in a trader's toolkit, and it's important to consider other aspects like market sentiment and news events before making any trading decisions.
Moving on to the S&P500, we can see that after trying to reach the last higher low, it could not do so and started a correction to below the daily demand zone.
However, as with any technical analysis, other factors can impact price movements, such as market sentiment and news events.
Finally, let's look at US bank assets on the balance sheet. US bank assets have been growing steadily over the past few years, with a slight dip in 2020 due to the pandemic. However, the assets have since recovered and are now at an all-time high. This suggests that banks are lending more money and consumers are borrowing more, which could be a positive sign for the economy.
In terms of similarities between these three charts, we can see that there is a general uptrend in all of them, with some corrections along the way. Both the S&P500 and Bitcoin experienced a correction after trying to reach the last higher low. US bank assets have also experienced a slight dip but have since recovered to new highs.
Overall, while there may be some similarities between these three charts, it's important to analyze each one individually and consider other factors that could impact price movements. Technical analysis is just one tool in a trader's toolkit, and it's important to consider other aspects like market sentiment and news events before making any trading decisions.