Short

NASDAQ 100 needs correction -> impact on Crypto

By iv41879

Updated

These are similar markets and one influences the other -> be careful on Crypto since NASDAQ badly asks for correction.

Note

NASDAQ is broking down...

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I expect that this will drop to maybe even 7000 zone... watch on crypto which can follow that downtrend or even have strong break UP for first macro cycle wave for recovery.

Note

Wave C almost fully retraced to Wave A which means that trend correction is about to happen soon. After this reversal trend correction it is critical that price stay above level of wave A then we might buy for next cycle. If it fails on trend correction for lower lows then buy on double bottom.

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Price is going to our wave E and we are expecting a short bounce. Depending on the RSI divergence. Overall, I guess we might enter into some bigger correction. Let's see the price action for next weeks...

iv41879

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