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Bitcoin against the SPX, overlayed with the NASDAQBitcoin against the SPX, overlayed with the NASDAQ As shown in the analysis, we can clearly see the correlation of the NASDAQ CURRENCYCOM:US100 / NASDAQ:QQQ to the returns of Bitcoin. When the QQQ/NASDAQ is in an uptrend, Bitcoin is in an uptrend. I have purposely valued Bitcoin against the US500/SPX for 2 main reasons: 1) The US500/SPX is the benchmark we all need to beat. 2) The US dollar and other fiat currencies are being printed at an alarming rate and therefore we need a "stable" denominator for our analysis. Using the BTC/SPX ratio, we can clearly see that bitcoin did not make a higher high in the Oct/Nov period, therefore signalling a slow down in the bullish momentum. Using the Gaussian channel on the 5 day chart, we can clearly see the when an asset is below the channel, we are in a "Bearish" market and this is typically the best time to dollar cost average into the respective asset class. We should look to the SPX and the QQQ for signs of a market recovery.
BITSTAMP:BTCUSD
by TraderMagz
BTC in a potential long-term range bound moveI'm going to keep this one simple. I've spotted a potential long term range bound move on the weekly timeframe, that started since the covid crash in Mar 2020. We've usually tested the top and bottom of this range, as well as the heart line multiple times. If this range plays out, I'm expecting a move where we see a bounce from here towards to heart line at 51k in June. I hope we blast through it, but there's also a probability that we get rejected and fall back down to the bottom of the range to retest the bottom around 30-31k around August. If we get a bounce again, we may retest the heart line, then if we break it we'll head up to the top of the channel at around 71k in November. Note that I have seen other models that show that this isn't the bottom yet and there's more pain to come, and this prediction is written with a bullish bias. I would recommend to still keep cash for a potential break of the channel to lower levels in the coming weeks.
BITSTAMP:BTCUSDLong
by godhelpme_
BTC Short Term Movement AnalysisAs you can see from the last Bitcoin analysis the 30000 area broke and the price went down with selling pressure and bounced from 25300$. with the price action analysis, Bitcoin is forming a symmetric triangle on lower time frames and we will see a break of this structure soon. The resistance is the $30,500-$31,000 area and we will see a move towards $33,000-$34,000 if BTC breaks above the $31,000 level. A break below $29,000 is bearish and we might see again $27,000-$27,500 levels. Use tight stop loss in all trades. This analysis will be updated. 5/14/2022
by Trader_Needs
2W BTC bull run profit targets To determine possible stepping stones in the incredible journey of our favorite asset class (yes - bitcoin) we look at the bi-weekly chart, and draw fibonacci trend extension from near 0 to the peak in 2019 and to the all time low after that (122, 19690, 3120). We also draw the 100 moving average line to observe how BTC successfully bounced off it 2 times - in an essence confirming there there never was a bear market in the bitcoin life-time, at least not from the bi-weekly perspective. We witness the HODLers triumph. (Well done, party people!) We notice: 1) bitcoin currently is testing resistance at 1.618 extension level. This is a good time to take profits and to wait for a pull-back to re-enter. pull-backs to 30k, 20k are very likely in the next few months. even below 10k levels are possible if there is a significant negative news. No matter what happens - we predict that bitcoin wont' fall below 100 MA on the 2W timeframe. Fundamentals are way too strong: more and more institutional buy-ins, public interest all time high, relentless money printing by the governments). 2) using our tea-leaf indicator we predict new all time high above 40k before august 2021, and 85k levels by the end of 2024. 3) we watch out for ETH 2.0, and bitcoin profits moving into slakeable assets such as PolkaDot.
KRAKEN:BTCUSDLong
by PurseLance
1
BTC and May 12th's Financial Stability Oversight Council MeetingUpcoming BTC Cycles & the Fed's Comments on CBDCs BTC top was March. If you want a lesson on why, I will explain PCs in a lesson. When you hear this trick you'll never look at a chart the same way again. In other news, we continue to see capitulation across the crypto market as a whole. As many of you know, I am always advocating for yall to listen in on the House Financial Services Committee free live YouTube streams and today was the Annual Report of the Financial Stability Oversight Council with Janet Yellen. In the past I've lovingly referred to CBDCs like the death star, which is now "fully operational" but they're just picking the staff to run the thing. So what is Yellen saying about the progress in today's meeting? Yellen says, "Ehh we can't agree on a design." **Boston Fed is working alongside MIT on the "Hamilton Project". CBDC design is here. ** **Why doesn't the Fed seem concerned about inflation?** Because they're about to implement a whole new economic system. This one crumbling only backs their case for doing so. **Yellen's response to whether or not any of the other "200+ stablecoins will remain relevant after CBDC introduction?"** She didn't want to say no bc she couldn't upset insitutions & hedgies so she said "sure!.." and prioritized *transaction speed* as the identifier for what would stick around. No mentions of "stores of value" or things of that nature. **Historical precedent for CBDC** They compared it to the introduction of the greenbacks. TLDR on this history lesson was basically post civil war paper money took place of gold & silver, a bunch of other people tried to make a bunch of other different forms of money, the only one that stayed was the one backed by the banks and the other ones just became the 18th century version of delisted. People had faith in the banks because they appeared to have the gold and silver to back up the paper issued. **Modern precent for CBDC** COVID attempted to introduce health passes/green passes (EU) which were perceived as stripping privacy rights for sake of convenience & technological transparency; many were ultimately allowed. If you wanted to do you had to comply with . The delay is this: CBDC isn't being put out bc __it's Fed vs. Banks__ and the Banks are Jake Paul. If Fed controls CBDC citizens would view their privacy as stripped away, so they'd let Banks do it to get their agenda done but they really don't want to have to outsource it this way. In the era of data mining = $, banks have the upper hand on the Fed, and want it to stay that way. Last time corporations/banks had this much power (JP Morgan/Rockefeller eras) THEY were the ones bailing out the Gov. Fed trying to prevent that. **TLDR; Runs allowed people to get accustomed to crypto & to allow the free market innovation to flourish. Big Bois could then pay them enough for their work or bully/blackmail them out of it (as was the case with XRP). Some of the world's smartest/richest people would back crypto adoption. (Classic "make them think it's THEIR idea" psy ops tactic). Then, with Blockchain they can tax absolutely every transaction which people have already felt happening with PYPL.** BTC Price action for May/June: when this demand zone is truly lost this will produce the first panic wash-out into June. Many will be looking to sell the bounce in the future. Some will stop drinking the kool aid and others work for the kool aid makers and will artificially pump it when they can to liquidate the moonboys, still holding on to their dreams of decentralized finance. Predicting 20-30 as new range
Short
by amizzle
1
NASDAQ reaching end of Capitulation? Or only half way there?Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? I have the most recent corrections in history highlighted, their reasons listed. > It is clear that the current situation and correction is more serious, than those in recent history. It has more drivers to the downside than the last 3 corrections. > It is also clear that the global economy isn't collapsing with like in 2008. In that recession, $10.2 Trillion alone was wiped from the American economy alone. That's not including the hit to Global Wealth, resulting in the elimination of many more Trillions. > It is further clear, current tech equities are not as overvalued as in the Dot Com bubble. I cannot deny that there has been an increasing number of Unicorns and IPOs entering the market. The majority of which have already had their values demolished. One only has to look at the recent SPACs, to see the smack these "Vision over Reality" companies have received from the market. >>> I believe we are more likely in a 20-30% correction, rather than a meltdown of 50-70%. Long term stocks go up.
NASDAQ:NDXLong
by FortunaAlgoAnalytics
4
Bullish NASDAQ forecast for the month of May!?!NASDAQ Market Forecast and Prediction for the rest of 2022 >>>Bullish Month in May driven by Oversold market conditions and Earnings? >>>Rejection coming at the 50/100 Daily SMA? >>>More elongated 2018/2019 correction pattern repeating? >>>Bullish Q3 & Q4 2022 ahead? Every investor should ask themselves, are we in store for the usually 20-30% correction? Or are we in store for a market meltdown, similar to the Mortgage Backed Security collapse of 2007-2009? Or the Dot Com bubble during in 2001-2002? > It is clear that the current situation and correction is more serious, than those in recent history. It has more drivers to the downside than the last 3 minor corrections. > It is also clear that the global economy isn't collapsing with like in 2008. In that recession, $10.2 Trillion alone was wiped from the American economy alone. That's not including the hit to Global Wealth, resulting in the elimination of many more Trillions. > It is further clear, current tech equities are not as overvalued as in the Dot Com bubble. I cannot deny that there has been an increasing number of Unicorns and IPOs entering the market. The majority of which have already had their values demolished. One only has to look at the recent SPACs, to see the smack these "Vision over Reality" companies have received from the market. >>> I believe we are more likely in a 20-30% correction, rather than a meltdown of 50-70%. Long term bullish and assets do well in high inflation environments.
NASDAQ:NDXLong
0
by FortunaAlgoAnalytics
2