It seems the condition of market is peculiar. Invert of yield curve and data from CALL/PUT ratio signal bearish state to the market. furthermore Technically it was the first leg of downtrend. There will be time squeeze for positions to bring back balance to the market.
Nasdaq is inside a bear market according to many analysts, but there is a hidden wave upward. The bear market target for Nasdaq would be below 8000-7500, but before crash it'd touch 18000. The big crash will come when everybody gets FOMO again!
Just a wave for complete pattern. In this scenario, this drop could be a c-wave of drop.
Gold was in corrective phase for a long time, and it has potential 60-80% gain. If it breaks out the ATH, the next corrections target will be the current levels around 1900-2000
Beware, if bitcoin is going to fail again, it can be sharp drop to, 30000 levels. We can smell it when we've seen a failure impulse. btw, more hikes can push bitcoin lower as long as it is chained to the NASDAQ
Technically, 0-2 and 2-4 trend lines touched and oil could stop here. Any push outside of channel by fundamental parameters will return below lines.
Shorts reached their target around 42k-46k and now they step back to re-short above 60k. This scenario must hold above 48000.
Tesla is still bullish, and there are signs for that. Volume is so high, and 5th wave could hit above 1400.
Is this great rotation from DOGE to SHIBA? or Maybe its a troll but for sure they have target to sell.
Ethereums pullback due to London fork cooling down and the bears will comeback soon. according to wave analysis, cause of its complex correction there is hanging wave B that waiting for wave-c.
Gold found its support on 1600 channel and its rising to above 1900 level again.
The great bear of 60k possibly will back to the market above 50k. There are some reasons for that. Psychologically there is still panic at 50-60k area and too many people will erase their loss above 50k. there is possibly a complete 5-wave impulse behind the market, so there is no room for new ATH. and how about there are waves of regulation on exchanges and...
This strong bull-run can't die easily. Despite china, hash-rate and electricity controversies there is an ongoing flow by corporations and institutions for bitcoin investing. Are we going for 5th wave next year?
Take this message serious, the bells ringing! Market is so hype and heavy, and it will make the next crash bigger Everything is overvalued, just take a look at real life productions ratio to stocks, GDP is smaller than market, Stimulus, Euphoria, the newbies' money that will panic soon. TAKE THIS MESSAGE SERIOUS because we are going to complete 5th wave of trend.
There is panic on the street but the best time for buy is when there is extreme panic. It is dip and bitcoin can rise from here if it hold the channel. In the case of hold the channel it will rise above 42k area.
The impulse of this wave is over and if you look better this extreme panic will be scalped by dip buyers. Long positions will continue until first target 46k. another wave of sell will be started above 46k.
Energy blames, tether unveils, Tesla's pump and dump, is it all about to push bitcoin below 42000?
Bitcoin seems like losing strength and buying volume, and how about its clear that it making 5th wave of bull trend, the correction of this trend will be 50% of its price and 30k is possible target for preparing bears.