afurs1

afurs1

Weve got some nice price action on BTC over the last few weeks as risk assets may potentially be sniffing out a pause in interest rates. Something interesting, last cycle after bottoming in 2017, bitcoin bounced into the golden pocket before taking a tumble. Can we potentially see bitcoin make a similar move in 2023 before the "pivot" crashes the market, and...

afurs1

The USD has been dumping after an epic run, back into support zones. I dont quite trade RSI (as its not as reliable) , but here we have a strong downtrend pulling back into support with a slight bearish divergence. ES and BTC have been moving relatively strong in the last few weeks... Well see how things play out.

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Crypto has seen a huge correction from the previous all time high a few months ago. My current thought process for this trade: Seems like crypto assets have become tied to the moves of the global markets. An easy indicator is to watch the correlation of the SPY as they seem to be moving in tangent, for now....

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SP500 potentially creating a falling wedge reversal pattern on the daily timeframe . Caution is advised as there is still some potential to the downside towards strong support around 430 range. Looking for a double bottom reversal pattern above 420-430 and bounce above the 200MA then move back towards the ATH . If it breaks below previous low approx 420 range the...

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Zooming out on the $SPY, falling wedge into a big support, however with momentum. FED to raise rates by 0.50%. Will we bounce? Only time will tell.

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An update on my previous $SPY prediction, currently forming a bull-flag on the 2H. The idea behind this trade follows the falling wedge reversal pattern, accompanied with confluence from the bull-flag back towards all time high. A break and flush below support of the 200 MA, or below our bull-flag support would invalidate this idea. Avoid being overly bearish,...

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American dollar on the monthly time frame. Inflation is making other countries currencies bleed, increasing the DXY. Will we continue to see the dollar run?

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Markets have been bleeding since the beginning of 2022... According to the US Government and Federal Reserve we are currently not in recession. A strong labour market continues to hold up the economy, but will it continue or are we just delaying the recession expectation?

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With all the commotions going on in the markets and global equities, naturally we have lots of fear in the market. One thing that I believe is in order for market makers to move prices and enter positions, they require a massive amount of liquidity in order to execute buy orders, and vice versa when selling. Let's take a look at SQQQ, an ETF that tracks the...

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Bitcoin and most major markets have been trending downward for several months, and we may be seeing some signs of a reversal. Ascending triangle pattern on the 4H time frame we may see a quick pump up to my daily levels at approx $58k. Will we be able to sustain this rally or is there still more pain left? Only time will tell... Namaste!