Bitcoin printed a slightly higher high of an ascending wedge and that was a little bearish clue:
Which became a bearish engulf:
And has now slipped down a descending line to "roll off the table" and slump down.
This shallow trend that leads to a slump is often very bearish and there are various examples of this throughout the historical chart:
Stock indexes have printed a fastest wave up ever with record breaking gains:
Nasdaq Futures -
This was immedietly after the Trump Tariff selling climax.
I think that the wave up is likely to be a reactionary wave as part of crash structure.
Notice that it is currently within the retracement Golden Window (0.618 - 0.786).
This is a likely retracement ratio band for a failure and sometimes up to about 0.81 and still be a failure.
So, Bitcoin being of higher risk to stock indexes will often move first.
It might just be a leading indicator to stock indexes.
I am leaning bearish here and my portfolio is reflective of that.
Not advice
Which became a bearish engulf:
And has now slipped down a descending line to "roll off the table" and slump down.
This shallow trend that leads to a slump is often very bearish and there are various examples of this throughout the historical chart:
Stock indexes have printed a fastest wave up ever with record breaking gains:
Nasdaq Futures -
This was immedietly after the Trump Tariff selling climax.
I think that the wave up is likely to be a reactionary wave as part of crash structure.
Notice that it is currently within the retracement Golden Window (0.618 - 0.786).
This is a likely retracement ratio band for a failure and sometimes up to about 0.81 and still be a failure.
So, Bitcoin being of higher risk to stock indexes will often move first.
It might just be a leading indicator to stock indexes.
I am leaning bearish here and my portfolio is reflective of that.
Not advice
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Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.