The chart performance of Bitcoin from 2016 onwards is similar to Amazon's from 1997 onwards when overlaying the two charts. When looking at fundamentals both are innovative technologies that have network effects. Both are misunderstood at times and overbought at other times. The overlayed chart reminds about the risk of a short-term decrease in Bitcoin's price,...
The S&P500 looks bearish in the short term. There is a bearish RSI divergence in the weekly and daily chart, with price increasing and RSI decreasing. The weekly momentum is slowing down. The weekly doji candle on 20 May can indicate a local top and the beginning of a short-term correction. The triggering of the Hindenburg Omen and Titanic Syndrome signifies...
Short term potentially in a cup and handle pattern since June 2022, currently in the distribution stage around the bottom. Needs to close above 21M EMA for confirmation. An uptrend can start in Q4 2024, which would get the price to $125+ in 2025. Long term the price seems to be in an uptrend since 2016, if excluding the 2020 outlier. The resistance at 200M EMA...
