WealthNode

WealthNode

I can see a possible top on the BTC vs ETH chart. It has clearly gone up alot and if you combine that with the divergence on the RSI + BTC Dominance about to fall the possibility for this to happen gets stronger! This means that Ethereum is about to go for a run and if that happens alot of projects based on ETH will have a big rally.

WealthNode

If you look at the monthly chart of Bitcoin and examine the three previous cycles in crypto, you can see where we currently stand. This doesn’t guarantee that we’ll go up from here, but it does show that the chart often follows a similar pattern every cycle. Price movements are a universal phenomenon seen across all charts in various sectors, not just crypto....

WealthNode

Bitcoin is making its final move to the upside, possibly reaching 48k, but it's a gamble. The altcoin market is experiencing its last pump, aiming to drive the Fear and Greed Index into the 80s. BTC has been on the rise for 90 days now, typically signaling that the top is approaching. Bitcoin tends to follow a 60-90 day pattern; it doesn't have to be precisely 60...

WealthNode

The cryptocurrency polkadot is about to do a break out of the downtrend and my first target is at 7$. Keep a eye on this asset, I think it could explode much higher in the coming euphoria bull market.

WealthNode

I have mentioned these two circled levels earlier and we have now reached the second target (Purple Circle). This is a perfect bounce area for SP500 and may be the bottom of this bear trend we have been in the last months. We might go down and test the support below but I dont think so. In my chart I posted earlier I mentioned that I thought we would consolidate...

WealthNode

Sometimes things move fast. Bitcoin has surged significantly in the past few days, and the cryptocurrency market has followed to some extent. However, the most dominant upward movement is still with Bitcoin when we look at major cryptocurrencies. A few days ago, I mentioned that I thought Ethereum might go down to a support area. This scenario can still happen if...

WealthNode

I see that many are worried now and warning of an impending stock market crash, and that an economic recession is on the horizon with rising interest rates. 🥶 I have a completely different perspective. I believe that the bottom was already reached in 2022, and the decline we've experienced over the past two months will soon be over. I believe the economic...

WealthNode

I think that SP500 wont go much lower than where it is right now (Yellow mark), A consolidation for a month or two is more likely before testing ATH. In worst case scenario we could go down to the purple marked area, that is also where the 50% level sits from ATH to the bottom of 2022. A Break below that level would be devastating for the markets which would mean...

WealthNode

PEAB is a construction company based in Sweden, if you are interested in dividend stocks this might be something for you. PEAB looks very promising in these areas. The housing market is on the verge of an upturn again, and interest rates are likely to start decreasing next year. I see no reason not to invest in the company right now, given its current valuation,...

WealthNode

In this graph I show you all the accumulation phases bitcoin has been in so far. An accumulation phase is a stage that all assets go through. After a prolonged period of growth, the asset declines and enters an accumulation phase. It's during this time that savvy investors buy in, anticipating the next upward trend. It's important to note that we might remain...

WealthNode

I am eagerly anticipating Nasdaq to hit these targets. Once at least one of the two targets is achieved, I'll consider buying more stocks. If the second target also proves correct, I'll be even more inclined to invest further. After these targets have been hitted I expect a move towards ATH and beyond. It could take some months for these targets to play out...

WealthNode

The yellow area is most likely where i will take profit of my shorts. Depending how we react at the previous top. At the yellow area we have a daily gap that I would like to be filled. We also have a fibonacci around that area. Take care.

WealthNode

These two zones are potential buy zones for SP500 based on earlier support and resistance, ascending trendline and Fibonacci. If you want to buy in for a potential continuation upwards there may be good areas to buy in. These targets are also good targets to take profit if you short from here. GL

WealthNode

I want to give you all a perspective on how low the corona drop actually was. Most bears are calling for extreme lows but they don't really understand the M2 supply. Our bottom we had in 2022 was most likely the bottom of this bear market. US came into a recession in april last year. The average recession lasts for 10 months. This makes you think. New ATH in...

WealthNode

I shorted Tesla yesterday before FOMC at the gap and above the 0.5 FIB. I will take profit at the gray support level and buy long if the markets look like it want to bounce. Tesla is way overbought at the moment, so are many assets, including Nasdaq. DYOR, NFA. Take care.

WealthNode

Polkadot is in a big accumulation phase. This is when you buy into the ticket and wait. Depending on asset it could take months to years. In this case I would consider years. Eventually it will break up above 12$ and the recovery phase will begin. Right now polkadot is very undervalued due to whats being built on their chain.

WealthNode

I would like us to retrace before we continue up, if we go up from here i expect a bigger retracement in the future and the continuation to be weaker. Bascily if you want SAAB to continue up in the long run you want a healthy retracement here. I can see SAAB to go up to 790 based on trend-based fib extension. After the retracement, if we hold the bouncing levels.

WealthNode

If you tell me that we wont go up and test the 4300 zone I dont know what to tell you. I am very certain that a move upward to that area will come soon. If we break through or not I dont know but a test of it is almost inevitable. I believe that we will break through it aswell and consolidate above for a longer time. Take care.