Market Context
Sell pressure in the crypto market is still relentless, and I anticipate more downward action before the eventual pump. This weekend could be pivotal.
Chart Analysis
1INCHUSDT is presenting a fascinating opportunity with a great risk-reward ratio. The current setup suggests that we could see a further correction before the bulls take...
SPY on a 120 minute chart uptrended from October into late March. A standard Fibonacci
retracement for this trend down could take it down to the 475 range or about another 10%.
Current price is under the daily SMA 50 ( blue line) at 495 and could continue to fall into the
SMA 100 ( green line) which is confluent with the Fibonacci retracement level. ...
UVXY which leverages the VIX as a measure of volatility / greed/ fear has finally crossed
over the mean anchored VWAP. This is a sign of bullish momentum and perhaps a signal that
traders should hedge or consider their positions in terms of hard risk management. Those
who traded this move up today made 10% or better in the trade. Those who bought call...
Technicals:
Bracing for a 4% to 10% market correction but with an end the year close to 6000 on the SPX500.
I speculate that this correction will last up to three months. Then, a rise up to about 6000 by the end of the year of 2025.
The buy zones are 2.5% to 4% deep from the all-time highs, and 9% to 10% deep from the all-time highs. The S&P500 is currently...
The WOO token is currently at a pivotal juncture, showing signs of a potential correction as it approaches a significant level on the 1-hour (1H) chart. This level has elicited a notable reaction, indicating its importance in the market's dynamics. My approach is to closely monitor for a solid entry point, which will be based on the price behavior at this level,...
Using support and resistance
The price may move to 0.65000 for market correction. after that the price may move towards 1st resistance at 0.65944 and if resistance breaks then we can expect a small bull run till 2nd resistsance 0.68000. There is a highly chance to buy at near to 0.65000 if market dones a correction and we can expect a good move here in upward...
Analyzing the Daily timeframe, we could to expect another possible crash in the Bitcoin price. But it's very important to analyze well the fundamental analysis in this week incoming what we expect from more news in macroeconomic point.
Also, I draw a model of this bearish channel perspective and I believe that we formed the ABCDE pattern correction into this...
Russell 2k $RTY1! broke below the 200 EMA on weekly and failed to regain 1800 as support.
As the canary in the coal mine, the Russell 2000 comprises of the 2000 smallest stocks of the Russell 3000 (broad capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S stock market) and provides a solid bellwether for forward facing...
The Russell 2k tends to be a solid indicator of broader market movement.
While we have realized a correction of ~33%, given the broader macro headwinds... this is not nearly the level expected relative to past major corrections (dot.com & housing market).
Given the past major corrections of 47% and 60%, not including the global pandemic shutdown it's apparent...
Taking the last 4 major corrections since 2000 averages for both % decline and length to recover to previous level gives a benchmark to consider relative to the current situation.
- % decline 39.38%
- length of time to recover 1,172 days
So $NYA on average well bottom around 10.8k and recover mid-March 2025
Aligning relatively close to the current 200 EMA while...
Since summer of 2021, DXY has gained strength and momentum as the broader global economy has begun to face tremendous uncertainty coupled with rampant inflation from unfettered stimulus and "quantitative easing" that began following the housing market collapse ~15 years ago.
Articles were written that inflation is dead while the Federal Reserve propped up...
Prior to inflation spiraling out of control, Bitcoin demonstrated real strength as a risk on asset against the US Dollar showed continued weakening.
Central Bank QE & unfettered money printing (seen in money supply charts and bloated central bank balance sheets) were obscuring the impact of extremely loose/dovish monetary policies as overnight reverse repo...
INTERMEDIATE WAVE 1
We are potentially wrapping up Intermediate wave 1 and Minor wave 5 at the beginning of Primary wave C. We appear to have completed Minor wave 1 with a low by 12:30 on April 1. Minor wave 2 finished in the first hour of trading on April 5. Minor wave 3 bottom before 13:30 on April 6. Minor wave 4 may have ended today, during the final 30...
The markets are now correction and despite the fact the dollar has had a slow rally in 285 days it struggles to gain momentum and stay bullish. Now you can see from the charts that its heading into some sort of consolidation zone and I would personally short the dollar if I were trading it. I do not have any open positions on the DXY and I would watch it...
Bitcoin has been touted as "digital gold" and even as an "inflation hedge."
When you compare BTC to Gold with long-term channels, the Bitcoin chart does look to mirror Gold at approx 15.6:1 timeframes... at least until recently.
Bitcoin's creation coincides with the biggest regime change since the USD was disassociated w/ Gold in the early 1970's, its entire...
The VIX measures the fear in the S&P 500. Even if you only trade or invest in crypto or stocks watching the VIX is critical in learning how to measure the sentiment of the general market regardless of what you are trading or investing. I use the VIX for even crypto trading and suits me well. It does the complete opposite of the what other stocks or cryptos do....
After watching 401k Portfolios dive down due to the Russian invasion of Ukraine , we can see on the charts and on this video that their is light at the end of the tunnel. Markets are now correcting such as the Dow Jones and although its slow progress we see that gains are being made once again. Find out for all the details on this technical analysis video. Give me...
$RTY1! lost 50 EMA support and racing to 100 EMA quickly on weekly, looks even uglier on daily as the pullback looks to be gaining momentum.
Next level of interest would be another -20% decline.
Last time this severe of a retreat was realized was March to May of 2020. The recovery was rapid given unprecedented amount of federal stimulus to prop the economy...
