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FriendOfTheTrend
About me The trend is your friend! Trend Friend is here to help traders make better & faster trading decisions using custom indicators that keep you aware of trend changes at all times and help you analyze risk to reward ratios instantly.
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SPY 50% | 1 BTCUSD 50% | 1
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BTC Daily Chart Prediction & Target Areas
BTCUSD
, 1DShort
BTCUSD: BTC Daily Chart Prediction & Target Areas

BTC Bitcoin has now fallen below the yellow support trend line and is testing the previous lows from mid 2021. I'm expecting a bounce in this area, potentially back up to the red zone around $35,000 which would be an excellent opportunity for shorts, especially if it meets the VWMA 100 on the daily chart in that zone. I think it's likely it falls after touching...

SPY S&P 500 Compared To 2008 - Will We Follow The Same Pattern?
SPY
, 1DShort
SPY: SPY S&P 500 Compared To 2008 - Will We Follow The Same Pattern?

The daily chart for the S&P 500 looks eerily similar to the chart from the 2008 crash. We have already crossed below the VWMA 100 and VWMA 500 now which are both historically very supportive moving averages. I think it's very possible we chop around in this area for the next couple weeks while we wait for the VWMA 100 to cross below the VWMA 500, but if we can't...

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