Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, we take a look at Bitcoin over Decembers from the past. Which direction does the price usually ...
I multiplied SPY, DOW, Nasdaq and TLT together to get a broad picture of the state of the US market and have noticed this channel here.
We are now at a critical bounce area established by the covid bottom and 08 bottom. If it doesn't hold this, then to me it would be safe to assume that this decade long trend is over and it will be reshaped into a new trend...
We are at the bottom of the market, Bitcoin has seen some major flush outs as institutions that ave poorly managed positions keep causing selling pressure. The market needs to be stimulated for the next leg up and until then we consolidate at the lows. Typically bitcoin does not break down below previous lows but we have been trading under $20,000. The market will...
The EURUSD is down 13 of the last 15 months. That is red after red after red. The bearish sentiment is about as extreme as I can remember, ever, for any currency.
I usually do not trade FX and I should be clear, I do not have a position in the Euro at this moment. But I do want to write about a few things that have caught my attention.
Foremost, I think it is...
- MAIN INFORMATION -
Everything that follows is merely a simple study and does not constitute financial advice.
Every first of the month, over the past few years, I take a look at a useful free indicator on the index chart of BTCUSD called "Accumulation/Distribution - with markers" to determine whether the slope is going up or down.
When the indicator goes up,...
Bitcoins macro outlook is starting to turn bullish, monthly chart CCI indicator just passing through the -100 line along with Macd histogram changing color. BTC closing in on 1 year mark from its all time high november 10th 2021. Historically since bitcoins inception has shown one year bear followed by 3 year bull run.
Brent Oil is in a Macro Selling Phase until it reaches mid - low 40's before we began a major Oil and Commodities Bullish Super Cycle which will see Brent hit at least 150$, maybe even up to 200$, depending on how intense the 'Trend ending price spike' will be.
Current economic and political general dismay impacts the valuation of different fiat currencies, specifically the USD(DXY). This is due to:
Lower global trade activity (recession) = lower dollar supply = USD price increase
Demand for USD increases for the safe haven currency = USD price increase
Worldwide investors' stakes in equities and...
The Macromarket is telling the same story overlapping on the same chart. More puts to calls, higher DXY, and Higher VIX. Likely a near-term top given the number of amateur investors seeing this same reality, but the trend will likely continue until something big breaks and the system bottoms and a new market cycle starts.
BTC retesting downtrend resistance after an initial breakout.
Since the confirmation of a top in bitcoin and a confirmation of a lower high and therefor downtrend, almost exactly a year later BTC broke out of the downtrend and rallied to 21.5k before a macro news event causing fear and mass selling back down to local lows of 17k. which also coincides with a...
Weekly chart here for Ryder, daily chart indicating buy through 83, with an add through 85. Would love to see the daily chart consolidate here under 85 for a couple of days finishing with a volume spike through 85 in time. 85 seems to be a huge macro level dating back to May 2021.
will bull run return now or do we have to wait until halving? only time will tell. Macro conditions are turning bearish of traditional markets. will bitcoin prove to be a hedge against it if a situation like 2008 arises?
BTC looks like it has completed a triangle for the final wave of a diametric pattern which began in mid 2021. We will likely see a rapid melt up from here. Targets are well above all time high if we can confirm the end of this bear market. Macro LARPers will get rekt trying to short into extremely high and sticky inflation. Alts will outperform BTC because of...
S&P (in this chart ES futures) divided by EURUSD (in this chart Euro futures):
The whole of 2022 could be Wyckoff distribution, now entering Phase C, the shortest phase.
To confirm the pattern and continuation to phase D, look for:
Fed hike less aggressively in 2023
ECB hike more aggressively in 2023
A move up in EUR (a move down in DXY)
A move down in...