Today we want to share an interesting monthly chart of Bitcoin, in which we highlighted the durations of bull and bear market cycles. As you can see bear markets last for about a year, while bull markets last for almost 3 years, specifically 35 months, which was the case from 2015-2018, then from 2019 – 2022 and now it can last from 2023 till the end of 2025. One...
Stocks did well last week, when they closed at the highs, despite hawkish Powell, which can be one of the reasons why maybe USD did not sell off that much. However, there was a nice turn down on Friday of the US currency, when other majors rallied. Kiwi appears to be on the top of xxx/USD list, so if stocks will continue to rise then I think that NZDUSD will...
USD Index turned down in October 2022 where we think that the dollar might have seen an important, multi-year top. Notice that the decline is strong and impulsive, meaning that there can be more weakness coming this year. However, because of the lower swing high, around 104, there is also a chance that this is a big triangle on a daily chart, but also bearish...
Kiwi came down last week but in three waves which is a nice bullish pattern when looking at the intraday chart. Ideally, this market will rally this week, not only technical, but buyers can be also seen after China said that they are willing to push trade development with New Zealand.
NASDAQ100 comes down from 161.8% Fib, so can be higher degree wave 4, either deep in price or sideways in time. In either case, it can take a bit more to complete correction based on Fibs and time compared to wave 2. First support is here 14800-15k, then its 14400-14600,
USDJPY made a sharp reversal in 2022 on a daily chart, and touched 126-130 area after BoJ policy YCC adjustment back in December. However that drop appears completed as we have seen a strong bullish reversal in the lat few months, but it's just another corrective recovery that can be now slowly approaching the end. It's ideally an A-B-C move up to 142 resistance...
AUDNZD pair made an impulsive sell-off at the end of 2022 on a daily chart, which we see it as a wave (A). Since then, we can see it trading in a larger A-B-C corrective rally within wave (B) that can be now approaching important February highs resistance, from where we should be aware of another sell-off for a higher degree wave (C). Basic Elliott wave pattern...
Bitcoin with ticker BTCUSD is still at strong weekly technical support. After a break out of a downward channel line back in January of this year, we have seen a retest of that same line that turned into support from where market resume higher and even broke an important 200-week and 50-week MA. After a broken 200-week and 50-week MA, these two were retested as a...
In this webinar we will take a look at some interesting developments on different markets, and where the market can move this week based on price action and sentiment.
Crude oil is trying to stabilize ahead of the FED today, showing some interesting intraday recovery from around $67.00 per barrel. Can be a small impulse, but I want to see a steady recovery ehre and possibly a broken resistance line to make sure that w-x-y in E of (B) is completed. Also, the global oil supply fell 660k bpd in May on OPEC+ cuts, which can help to...
Stocks are bullish for the last few weeks, and some of indexes are finally breaking higher on speculation that FED is going to pause the hiking cycle. US CPI print also came out lower than expected, 4% down from 4.7% so there is even greate chance that FED will be on hold soon. When that’s the case stocks can move higher much easily, but still keep in mind that...
Hey all, finally back with a new video Binance is facing hard times with SEC sues and by money outflow. According to our data, last 24 hours, Binance net outflow is about $392 mln, so let's keep an eye on the stability of cryptocurrencies. There were BTC outflows from Binance following recent events, however, it's encouraging to note that the movement of...
Binance coin is trading sideways for more than 100 weeks, similar as back in 2018-2020. We see it as a long corrective consolidation within uptrend, ideally as a larger bullish triangle pattern in wave (4) that can take the price higher for wave (5) in the near future. Despite recent negative news that U.S. regulators sued Binance and its CEO Changpeng Zhao for...
FANG index coming lower. Tech in a pullback? If that's the beginning of sub-wave four, then this pullback can last till July.
In this webinar we will take a look at some interesting developments on different markets, and where the market can move this week based on price action and sentiment.
Apple is coming down from 2022 highs, but drop is in seven swings so can be a corrective move that is now coming down into interesting support at $110-$120. Notice that the current leg down from $150 is coming from a triangle, so a correction can be in late stages as triangles occur prior to the final leg of a higher degree structure. A bounce in impulsive...
In this article, I want to bring attention to the failure break on Apple yesterday. It's true, good news occurs in an uptrend, but should be careful when good news pushes sentiment to extremes. Must be an over-crowded reaction after the new product announcements. As you know the big announcement was the debut of the Apple Vision Pro. However, maybe there was a...
Stocks, USD and US yields are again moving in the same direction, so we may expect that one should give up this week. On overlay chart of XXX/USd pairs, we can Aussie with some impressive run from last week that occurred, before US yields stabilized, and the reason for the relatively strong AUD was the release of Australian inflation figures that came out worse...