pppericles
IMV, Argentina's Merval Index valued in pesos, has been in a downtrend since jan-25. Due to electoral process, noise has been increasing this last week, amidst some shade on what seemed as an easy win for Milei's gov. The amount of chatter the Merval has brought up is inmense. This psychology is similar to that expected in IVth elliott's waves. Also, jul 2022 -...
Bitcoin may be starting its 3rd wave of its 2nd cycle. The first one ranging from its inception to the 2017 peak. After 3 corrective A-B-C impulses (2017 top - 2020 bottom) we began this cycle. If this is effectively the 3rd wave, we may see mass adoption of BTC. Objectives in graph are based on previous cycle and provide an approximation of what I believe could...
A little thought i have regarding SPX. I believe we have topped. The electoral process in the US paired with a growing expectation regarding a rate cut may be the two major indicators. 2 pro market results (maga win and rate cut) may be the top signal we need.
Weekly timeframe. Great candlestick on the dynamic resistance.
Dynamic support re-tested. MACD and static resistance (@39300) will define entry.
Bitcoin may be starting a 1 impulse in a C wave. First, we should be on the lookout for confirmation of wave B (in h4 we have 3 impulses). Expecting confirmation over dynamic support and looking for resistance in fibo levels.