TheFinancialForecast

TheFinancialForecast

I received that question many times during the last 2 weeks. After the big drop from the top at $64K, the social mood of crypto-investors became dark, also pushed for media and negative feedback to crypto sustainability. But Bitcoin wallets continue growing, and waves are telling us this is only a corrective phase within a much bigger cycle. There are chances to...

TheFinancialForecast

Powell's press conference was the key element to switch the social mood around the US Dollar. The sooner than expected raises in the interest rate are pushing the currency up against the main components of the Dollar Index basket. The EURUSD is following the overall trend exposed in the dashboard and broke the lower key level, increasing the chances of a 3 wave...

TheFinancialForecast

The correlation between the major indices is quite high at this moment. The DAX has a correlation of 93% with the SPX and 98% with the DJI for the long-term cycles. These 3, are moving from the bottom made during the corona crisis in a 3 waves sequence, and currently, they are within the attractor or blue box. It is an area where waves get exhausted or trapped for...

TheFinancialForecast

The cryptocurrency has a correlation with Bitcoin of 0.77, this is a high correlation for the long-term cycles. From the top at 1.96, the ripple, together with the crypto-world, dived more than 70%, something that feels extreme but not for the volatility this market has, especially if we take into consideration the correction to the 1st wave topping in 3.31 and...

TheFinancialForecast

Litecoin crashed from 370 to 22 USD in 1 year, 94% value-loss. Since then the cryptocurrency started to climb consistently developing an incomplete 3 waves sequence, with an extension in the 3rd leg currently in the 1st attractor. If price stays above 61.58 we can continue seeing new highs to the 2nd or 3rd attractor. The break of this level is ending the current...