Currently @ 30,600
As the month comes to an end we expect some short term bullish movement just like
the previous month.
1. If Dow 30 breaks above 30,800 will expect it to test resistance @ 31,000 (38,2 % Fib Ret)
with a reversal back to 29,600 to complete a bullish harmonic on the 4H chart
2. If Dow 30 breaks above resistance @ 31,000...
Currently @ 20,800
In our last analysis Bitcoin was trading @ 29,000 and we were bullish expecting it
to continue its bull run & treating 25,400 as its new yearly lows as this was at a
major support trendline dating back to April 2020.
Sadly bitcoin broke below this trendline signaling further bearish movement and
hitting new yearly lows @ 17,500.
Last year May we saw a potential crash for the Dow Jones 30 due to inflation fears
and now what we predicted is finally happening.
In our analysis a year ago Dow 30 was trading at 34,644 after reaching highs of 35100
we saw a potential sell signal on the 1W chart which was the formation of a bearish harmonic.
this halted our longs and swings on the Dow.
Currently trading: @ 29544
We expect bitcoin to be bullish in the next coming months
with its bull run reaching 89,000 before Jan 2024,
Buy entry @ 29500 with a possible fall to 20,000* will
give you a risk to reward ratio of 6.1*
As you can see from the chart bitcoin has recently bounced off a major support "up-trendline"
which acted as support trendline...
Currently trading @ 31773
The Dow has been in a bearish trend for 8 weeks now and we still expect it
to continue its bearish trend.
Currently approaching the edge of the descending channel
We expect it to reject a potential break-out and it to continue to the downside.
Long-term we expect Dow to reach August to November 2020 support levels @ 29200
NDQ = Current price @ 11,923
The Nasdaq has yet again rejected resistance at 12,560 for the 5th time now
and is heading back to previous support @ 11,699
The Nasdaq has been in a bearish trend since the war in Ukraine started
what is fueling the bearish move is actually inflation worries in the US as well as
poor Q1 reports from companies like Amazon, Netflix,...
Currently trading @ 14900 pre market hours
Nasdaq has broken above its descending/ down trendline signaling a buy opportunity
We expect Nasdaq to trade back in 15000 and reach 15700 by/before the end of this month of October
Currently @ $32,900
We still expect Bitcoin to be bearish.
If you look at our Last/Previous analysis we expected it to test $30,000 and break below this
Our target for bitcoin is $20,000 before it bounces back,
But currently we have a BUY signal at the moment but it might be short-lived
"Bullish Harmonic forming on 4H chart"
If confirmed and if Bitcoin...
Currently trading @ 35500
Bitcoin is still bearish
As you can see from the chart we now have a bearish triangle suggesting a continuation
of a bearish trend for bitcoin, also the pair is still trading within its descending channel
We expect the pair to test $30,000 and break below this price targeting $19,000 before
a reversal & a potential bullish breakout...
Currently @ 34645
This is a long term analysis on the Dow Jones
In the month of May we have seen high volatility in the Dow Jones, which was
fueled by inflation fears in US, seeing the Dow lose +1500 points just in 2 days
Though the Fed has assured the public & investors that they have everything under
control & their tools will be able to manage any outcome....
Currently @ $1905
We expect gold to be bullish till $1920
just like our previous analysis
then a retracement back to $1900 before it continues its bullish trend to
next resistance @ $1950
As long as the pair is trading above our upward trendline it will remain bullish
link to previous analysis below
Currently @ $39,000
Bitcoin has been facing some downward pressure lately & any upward movement
could possibly be just a retracement before another fall
Although the pair is now treating one of the key trendlines as support
it still seems limited to resistance @ $42,000 & another minor downward trendline
If it decides to respect this downward...
Currently @ 13700
We expect Nasdaq to be bearish
A retracement back to 13400 or 13100 before it turns bullish
if it breaks above the down-trendline & treats it as support
then we'd expect it to hit 14100 1st before falling
link to previous analysis below
Currently trading @ $39300
We expect Bitcoin to be bullish from here on and test support/resistance @ 42,000 & $46,000
before falling back to $30,000
Do note, Bitcoin is approaching a major support-trendline, if it treats it as support again we'd
expect it to confirm our bullish expectation
But if it trade below this line we'd expect it to touch $30,000 first...
Currently @ $1866
We expect gold to be short term bearish then long.
A possible retracement back to support/resistance @ $1845
before gold turns bullish again
Note. Gold has to break below $1863 to be bearish & also treat $1845 as support for it to turn bullish
our target is $1850
Here is our chart on gold on the 1D chart
Here is our prediction on Bitcoin using trendlines
Recently most analysts speculate Bitcoin will reach $100k in the near future with some stating that it will reach this target
before the end of this year 2021
Since the target is $100k we will only be using Bullish trendlines
Our prediction of bitcoin reaching $100k is based on four major Bullish...
Here is an analysis on Gold long term
Last time we looked @ Gold long term analysis the pair was trading @ 1698
We expect gold to reverse @ $1680 level & expect another $2000 attempt.
However a bearish harmonic is forming currently on the 1D chart, not yet confirmed
What to expect.
Bearish harmonic formation @ an area of support/resistance on the 1M chart