Hello everyone, here is a general view at SPX. You can see that SPX is moving in a channel (red lines). It has growth periods which are ruled by the green lines and stagnating/accumulation/redistribution periods. The orange circles highlight the entry and exit of these redistribution periods. Altough a very short growth period compared to the previous ones has...
Simple chart view of the USD to see more clearly what it's on about and have a better global vision
As you can see with time zones and fib box, a new movement cycle will start from february 2023, and a huge trendline dating back to the bottom of 2008 crisis will test, will it hold ? i don't think it will
Refer to this chart for any future price action. The top red line is super precise and Bitcoin respects it, don't hesitate to zoom.
Everything is displayed on the cahrt, basing myself on previous price action
A very crucial moment right now for BTC that will test the 0.78 fib level, previous wave it did serve as strong support for a new bull wave
This is the definitive look at btc rn for me, it leaves space for high volatility and unpredicted moves, but here i would call short for now
As you can see BTC dropped below the blue line, thus looking at the past price action, we could envision a retracement similar to what we've had in the past. There is in the past only one occurence of the price being held up below the blue line so we have one reference to compare to only.
As you can see we can base a downward move theory on previous SPY crashes
Nothing special just a techinal chart analysis of Axon stock
As shown btc is forming an elliott triple combo. I Also added a longer timeframe view to give you more context
Here is a possible outcome for the SPY to look like on a long term view. Given the planet is currently not in it's best shape and that i believe our current capitalist system has an end written in it.
This what i believe is going to happen for the future of BTC, gl
As you can see bitcoin is in accumulation zone and seems like the worst that can happen would be a retracement to 30k
Looking at past price action, there is a possibility Bitcoin will go back to 20k soon, GL all.
They say it must return to the main trendline, i believe it is true, this is my input, gl all
An observation made on the historical price patterns. We an expect a retracement soon.