BTC massive bullish move printed a daily divergence so I expect a big correction
In my view Brent bullish trend has started, targeting 122$ in next Feb 2024
In my updated view BTC could test 30,5k before going to 42k. Previous analysis was invalidated by breaking of 35k area but massive BTC crash in my opinion is only delayed
In my view PEPE is printing an inverse H&S pattern so I expect a retest of 0,00000085 area before restarting bullish trend to target 0,000023
In my view SPX is forming an inverse head and shoulders pattern so I expect a correction to retest 4230-4270 area before resuming bulish trend to target 4800 area in the beginning if 2024
In my view Brent will test 78$ area before going above 100$
A retest of 35k - 35,6k is in the cards before crashing
From 35k I expect a big crash of BTC to target 1,8k area in the middle of 2024 (may-june) 1st target could be 14,5k , 2nd target 6,5k final tp 1,8k. Stoploss 41k
In my view we could see a temporary retracement to 25k area but bullish trend should continue to test 35k area where main monthly bearish trend could resume to target tp1 6,7k and final tp 2k area
My view remains unchanged, once SPX fall stops BTC bullish trend will restart to target 35k then big short move filan target 1900$ area
As in my previous idea, PEPE continues moving in a falling wedge that in my opinion will be broken to target at least 0,0000028 area. Since I see a probable BTC correction to 27,2k due to markets short term bearish trend, PEPE could retrace and test the channel low trend line: in that case I would increment my position and wait my tp.
IN my view BTC is drawing a cup and handle pattern, tp 35k then massive crash
SPX is moving in a rising wedge, In my view we could see a new ATH @4900 in December before massive crash, my tp is 2000 and maybe lower (1850)
This is an update of the previous chart , potential 260$ target according to this pattern
WTI monthly falling wedge was broken so I expect at least a target of 180$ but it culd extend to 240-250$ area folowing a cup and handle pattern
I gave a look to monthly chart, we can se a falling wedge broken , a retest of the upper trendline , according to the pattern Brent should rise at least @ 188$ area but we could reach 260$ target too if the rise will not stop to 188$ , forming a cup and handle pattern
In my view current bullish move is targeting 4630 area then after a retracement to 4420 area bullish move will restore to final target 4900 where massive crash should start
In my view UK OIl could fall to 84/85$ area before restarting to test 112$