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Candlestick Analysis

Bitcoin (BTCUSD) - End of January AnalysisBitcoin and the Stock index market are amazing for comparing how fundamental news impacts these asset classes. Both markets don’t have a strong correlation when we look at the price charts but the biggest thing they have in common is Artificial Intelligence meaning any negative news that is released will affect the price of both classes classes. We have seen weakness on the weekly timeframe with the chance of a draw down into a discount below $90,000.
COINBASE:BTCUSDShort
by LegendSince
Dow Jones (March 2025) - End of January AnalysisSimilar to Nasdaq and S&P, although we have closed bullish for the month, Donald Trump has made an announcement that tariffs will be placed in Mexico, Canada and China at a rate of 25% & 10%, which the market did not seem to like on the Friday. Intraday timeframes tell a different story to what the macro market structure is dictating. Short term, we could be in for a bearish retracement, rooting out all the stubborn traders who have a medium to long term trade on whilst trailing their stop. Very interested this month with how YM, NQ and ES delivers.
CBOT_MINI:YMH2025Short
by LegendSince
Nasdaq (March 2025) - End of January AnalysisNasdaq was set for weekly losses due to the rout that DeepSeek caused; revealing the breakthrough they had with low-cost artificial intelligence models. This caused a bloodbath in AI linked stocks. Technically speaking, we closed the month bullish but was still within a price range of the previous month, December 2024. Anything higher than 50% of the December monthly wick would give me the confidence to continue the bullish bias but I see the opportunity for a short-term market shift back into a area of previous rejections @ $20,025 - $20,428 so this is what I am looking toward until proven otherwise. Candle body closure above $22,093.50 will change my monthly bias to bullish as this will go hand in hand with my 6-month perspective
CME_MINI:NQH2025Short
by LegendSince