Nasdaq ATH, last 3 months +13%. Bitcoin -20% in last 3 months: time for mean reversion ?
TecDax index has been accumulating strength around 3k for months, slowly reverting the relative downtrend versus Nasdaq 100 with a clear pullback last august. The long term uptrend of TecDax still holds, despite war and Us technology giants crashing.
After the complete retracement of february-march rise and a divergence on the last july lows it's probably time for a rebound.
An (equal weight) basket of Unicredit, Intesa, Enel, Eni, Telecom, Poste Italiane, Leonardo ha collapsed to the lowest levels in years.
ETHUSD short term target: 190, rebound should reach 220. Under 240 there are risks to break on the downside 177, low of end july. If we repeat under 177 the max drawdown of 66% of june-july (400-135), we obtain a target of 60 ETHUSD. A level of 60 ETHUSD match - about a 50% correction on a log scale - the highest level of march of ETHUSD and ETHBTC (blue...