S&P next target 4400. my yellow cloud shows positive bias on the daily.
a new blue wave all ready >0, the rsi line needs to cross on top of 0 level, plus the new wave has to cross above the previews wave. On this 2 hour chart there is divergence and a reverse head and shoulders is playing out (possibly)
BTC will sit for a while on the 3000 level inside the box, and that will be the end of the bearish trend, but if it breaks down even lower then we are talking 2000 level but it will not likely be the scenery.
IF LINE2 doesn't act like support, the next support is $5000 but my indicator showing strong bearish trend on the weekly.
sadly my analysis shows xrp going down to .13, the cyan line is big time on bearish territory.
ON THE DAILY my indicator has all parameters on a deep bear market, the cyan line when above zero or above the blue wave signifies a strong momentum to the red market.
line2 got broken by bears power! I see according to my indicator the next stop is 3000.
RED arrow shows the red line on bearish mode since it has not cross down on the white cloud below, the green ARROW show the yellow line crossing up on the white cloud which signifies the end (maybe) of the bearish trend. I say there is no reversal yet to the up side maybe a little bull move coming but BEARS are dominant so far.
my market RSI showing small momentum to the upside but bears have control.
BITCOIN setting itself up for a 6th of june rally (to the moon)
BITCOIN looking like wants to go down to touch the 5000 area.
ETH setting it self to go down and bounce at the 500 level.
BITCOIN will rise up to 9000 level only to reverse dow to the level of 7,400 then we can plan on buying (going long)
SMALL MOMENTUM TO THE UPSIDE with diminishing volume will reverse to the down setting the price @ 8,900 area.
Small momentum up with diminishing volume indicating a reversal to the lower side, most likely will bounce again to 750 and THEN go down to the 550 before the BIG REVERSAL to the SKY