What a bull-run right now it Bitcoin . I think no one had expect such a massive pump in Bitcoin . It´s crazy which pace and upside moves we see everyday. Are these all ready the institutional investors we were looking for, or is it just Grayscale and MicroStrategy and they accumulate more and more Bitcoins every day? It´s crazy to be honest. But yeah, it might...
What a bull-run right now it Bitcoin. I think no one had expect such a massive pump in Bitcoin. It´s crazy which pace and upside moves we see everyday. Are these all ready the institutional investors we were looking for, or is it just Grayscale and MicroStrategy and they accumulate more and more Bitcoins every day? It´s crazy to be honest. But yeah, it might...
Bitcoin is right now at a critical zone , same as in March this year before the Corona Crash, which leads to an 58% drop. Right now, Bitcoin touched and got rejected at the 200 EMA in the 4 hour chart. Exactly what it did in March 2020, when Bitcoin was trading the last time below this EMA and got rejected at this level.
The patterns of March and now in...
If Bitcoin will close over 10300 it might trigger a buy signal and we might see a rally for few days till 10630 (Target Zone 1) and if the bulls are strong enough maybe we might see also 10800 (Target Zone 2) in the next few days.
In my eyes this is only a short rally as my preferred Target Zone is on the downside at roughly 9000 where we also have the ...
The US Dollar TVC:DXY seems to be BULLISH for the the next WEEKS and MONTHS . I expect to retest the highs at around 103. Also the daily chart shows a clear bullish pattern. There is also a support line which will give the bulls more power.
We had a touchdown at 11.000, but maybe this is here the EndZone. The Index reaching now a long term resistance and we are in a crazy overbought market. Also NASDAQ:SOX might be in its EndZone as we also touched here the upper long term resistance. Watchout that your are not the last one who bought into the market.
Insane what we saw for a rally since March 2020. Especially the TechSector and Semiconductors reach now a level which is crazy and not healthy. If you now invest in the broader market you hope that you´r not the last one who bought into the rallye. It´s time for a correction, so new money can flow into the market.
Watch out and take care of your Risk and Money...
ETSY with a huge monthly Reversal Candle.
Etsy is a Top Growth Company and its performance of the last month is insane (roughly 300% from March Low). But it might be time for a correction.
--> Bullish Target Zone at 96 USD
--> Bearish Target Zone at 73 USD
The BullRun we see is crazy and phenomenal at the same time. No one could expect such a recovery in such a short time. In the NASDAQ we already saw new all time highs. But what´s coming next? Now we are in the earning season of Q2 and the expactations are this low, that we might see many positive surprises and the stock market will react bullish.
New All Time...
One month ago I´ve mentioned, that we very likely see 11.000 in the TVC:NDX . And maybe this was the last bull run.
Read also my analysis about Tesla. The hype in Tesla describes it perfectly, that the market got crazy. Now we might see a phase of some cash outs and profit taking. July, August and September are also not the best monthS to be invested on the...
What an insane rally of Tesla over the last months. Many investors which were short got crazily burned. Their portfolio might have massive losses. Did they underestimated this company or do they still see Tesla as a normal Automobile Company?
What we know: The company makes massive of revenues but generates at the moment only a couple of millions in profit....
The markets are crazy. Especialy the NASDAQ100 NASDAQ:NDX
Before we could see the next down move in the NASDAQ100 we might see the next, maybe the last, bull run to 11.000
The FANG Stocks will guide the NASDAQ. Those 4 Stocks + a few other heavy weights have the most impact in the TechSector.
In case Mr.Elliott is right, we might see the S&P500 in a down move to 1700 in the next 2 years. If the Elliot Wave Count here is wrong, the worst could be behind us and new All-Time-Highs in most of the indices are coming.
Backtesting the cycle breakout area @ 1550
Golden-Pocket support @1700 - 1620
Support of the downtrend @ 1700
It´s insane how powerfull and quick the well known FANG Index is back on track at it´s AllTimeHigh $FB $AMZN $NFLX $GOOGL.
All of them have strong revenues, growth, profits and a chart, which knows only one way --> UP
Let´s see what´s coming next.
>> And never fortget ! -- Plan your trade and trade your plan ! <<
Bitcoin has still a long way to go. But hey, what are 2 or 3 years? The halving might not have such an impact as many people think. It has an insane return since 2009. But now it´s time to proof that it´s the digital currency as everyone is talking about.
$100.000 by Nov 2021 or July 2023 are very realistic.
This is why I think, Bitcoin might have triggered a Buy Signal.
1. Bitcoin has a support at its " Golden Pocket Ratio ".
2. Trend channel might stop the down turn.
3. Fear & Greed Index for Bitcoin is at 17 , which can be seen as a contra indicator.
4. Bullish turnaround candle today
If Bitcoin can make it to close over 7500 USD, we might see the...
If you compare the chart of Bitcoin of the Year 2014-2015 vs. Year 2018-Now, you see there is a huge overlap.
Many lows and highs are similar. That means we have seen now a temporary low at $3500 and might end with a final low in March 2019 at rougly $1900-2000.
This is also low of the year 2017 and might be a good retest.
Exemplarily, the S&P500 -0.95% rebounded on its 61.8% Fibo-Retracement. Also there was the correctional high of October.
If the S&P500 -0.95% can´t close above 2.820 points, it is in a short-term downtrend . The next first target would be at about 2.610 points.
If the bulls still do not take the scepter, it can slip one more level to 2.480 points.