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Over the past week, Bitcoin mainly traded between 28 600 USD and 31 411 USD, resulting in the creation of the rectangle pattern. That suggests that the trend is turning neutral in the short-term. At the same time, the daily time frame shows bullish technical developments, implying more upside for Bitcoin in the short term. We will pay close attention to the upper...

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The Nasdaq 100 index showed some relief yesterday and made a higher high since its low on 19th May 2022. However, smaller time frames suggest that the willingness of market participants to buy at rising prices diminishes. Therefore, this leaves us to speculate whether the Nasdaq 100 index is getting positioned for another leg down. At the same time, the daily...

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Yesterday, the general stock market erased most of its “bear rally” gains. As a result, Bitcoin also erased some of its recent profits; however, not as much as the stock market. We expect Bitcoin to catch up with the stock market and manifest more selling pressure in the short term. Accordingly, we remain bearish and expect BTCUSD to form a new low below 25 000...

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Yesterday, we stated that the rally was due to end and the bearish trend to resume. Then, a few hours later, the Nasdaq 100 index fell more than 5%. In the aftermarket, the selling continued; and in the early hours of futures trading, Nasdaq futures sold off as well. Then, the index (continuous futures - NQ1!) erased some of its losses and turned positive. At the...

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In the past week, the market saw a decrease in volatility , which accompanied the relief rally in the stock market. However, just recently, we stated that we expect the rally to be shortlived and to reverse its direction to the downside. We continue to hold this notion also nowadays; indeed, we expect an eventual breakdown in the stock market and new lows to be...

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So far, Bitcoin has failed to move above 31 411.48 USD, which puts the odds in bearish favor. Technical and fundamental factors also stay bearish. Therefore, we have no reason to change our bearish bias. We expect BTCUSD to form a new low below 25 000 USD. Technical analysis - daily time frame RSI, MACD, and Stochastic remain bearish. The same applies to DM+...

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Yesterday, Nasdaq 100 pushed above the immediate resistance we hinted at in our latest post on QQQ. We think the rally is due to end and the bearish trend to resume. Therefore, we would like to set a new short-term price target for NQ1! at 12 250 USD. We would also like to set a medium-term price target at 12 000 USD. Illustration 1.01...

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We continue to be bearish on QQQ even despite the current bounce in price (correction). Indeed, we think that the current pricing is attractive for (re)entry of short position. Since all our price targets were hit before the rally; therefore, we would like to set a new short-term price target for QQQ at 300 USD. We would also want to set a medium-term price target...

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Over the weekend, Bitcoin moved mostly between 28 500 USD and 31 000 USD. So far it has failed to make a new high above 31 411.48 USD; however, there is still some room for more upside before the fall we continue to forecast. Accordingly, we still remain bearish on Bitcoin as we expect it to make a new low below 25 000 USD. At the moment, we will pay close...

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Bitcoin shows extreme volatility after hitting a low slightly above 25 000 USD and then erasing a loss while bouncing above 31 000 USD. The recent price action may leave many market participants perplexed and wondering whether the bottom is in and if the trend reverses to the upside. However, we stay adamant in our bearish notion and expect the price to give up...

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The recent market volatility and unprecedented movements in the cryptocurrency market brought along the critical question of stablecoin safety. Just within a matter of a few days, the whole cryptocurrency market was shaken up by the downfall of a stablecoin named Luna, which lost 99% of its value; this sets the ominous precedent for what might occur in the Tether...

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Yesterday, Bitcoin plunged as low as 25 401.05 USD. After that, it reversed and moved up along with the stock market. Since its low, BTC has gained approximately 20%. In our opinion, this is another relief rally, which represents an excellent opportunity for (re)entering a short position in Bitcoin. We remain bearish and expect Bitcoin to give up its recent gains...

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Since November 2021, the total market cap of cryptocurrencies has started to decline. Indeed, it has declined approximately 60% until now; meanwhile, the selloff has accompanied this in more than 20 000 cryptocurrencies. Moreover, volatility remains highly elevated, and short-lived bounces in the price of tokens, followed by fast crashes, suggest anxiety among...

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A few days later, we hinted at BTC eyeing 28 600 USD. Today, Bitcoin reached a new cyclical low and confirmed continuation of the downtrend. Indeed, Bitcoin entered what we previously named the “free-fall area” - an area with an absence of any significant support. In our opinion, Bitcoin will continue to move lower and mark new lows throughout the incoming weeks....

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Like the rest of the market, Bitcoin also enjoys a relief rally after the prolonged period of selling pressure. Meanwhile, we again started to notice a revival in bullish sentiment accompanied by calls for BTC bottom, trend reversal, and new sky-high prices. However, we resist these calls and remain bearish on Bitcoin, although we acknowledge that the rally might...

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QQQ continues to enjoy the relief rally, which might get prolonged if the short-term resistance is penetrated to the upside. However, if that occurs, we will pay close attention to the price and if it manages to close above the mentioned level. In addition to that, we think that if the rally continues further, it might present itself with a good opportunity for...

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Today, Bitcoin took out the significant support level at 30 000 USD and stopped at a new low of 29 793.01 USD, which confirms the continuation of the downtrend. The market is reaching "panic selling mode" and therefore we remain bearish on BTCUSDT. Indeed, we would like to set a new price target for BTCUSD to 28 600 USD. Technical analysis - daily time frame...

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We continue to be bearish on Nasdaq 100 index. Our view is supported by bearish technical and fundamental factors. The prospect of higher interest rates in the U.S. will continue to put pressure on the economy and drag market indices lower. We expect the rally to be short-lived and Nasdaq to resume its downfall soon. Therefore, we would like to set a new price...