Today we have a massives crash on crypto which can be often a sign of weakness on market.
Also with the risk of new major worldwide lock with the new covid variant omicron it will be a excuse for next crash.
I see a possible evening star on weekly.
As we can see, we fall on the 61% which is often the dead cat bounce level or the B wave in Elliott Wave.
The stock market is probably ready to make a major correction soon the Evergrande news can make it faster.
And we have to remember we have some single print in 19.8k to 21k (this is price was hit only a single time which market often retest.) without talk...
What I am seeing right now gold offering us a really good r:r ratio it
it above major uptrend line and broken and retest previous trendline too i think it can be uptrend signal
a stop can be place around 1700usd
target 2400+ USD and even way more
Thanks for reading as always
We are on real major support and level on btc.d after huge pump on eth and many alts
i guess we are ready to get a major correction on altcoin i think is time to take profit because it will be always a opportunity to buy back lower later
personaliy i think is even the time to short altcoins and target at least 56% on btc dominance
Don't matter what you think the major inflation is about to coming in USA, We have better management in EUROPE, And THE CHART is OBVIOUSLY BULLISH we are in a uptrend it will continue to go up and up !
I don't worry as long we are above the EMA 100 and we have breakout of major trendline on chart
The situation is quite worrying,
we start to dump hard on nasdaq and crypto i guess this might be the begin of major correction after months bullish trend on tech sector
we have also peading red candle on heikin ashi on weekly on SPX500
for shorting on mid/long term i guess is better to wait the breakout of the channel on...
The MASSIVE lockdown is about to come in all of Europe, so i think the MASSIVE CRASH is also coming find ourselves facing one of the largest bull trap which has ever had in history many people is in denial and long all ETF and imagine that the markets will go up ad for ever because of monetary support of FED
Do not tell me that “the market already priced this”...