Crude oil price sharply dropped below an important dynamic liquidity zona and quickly saw lots of buys, could be this a buy opportunity for the black gold?
BTC is taking all the attention now and it's leaving the altcoin market behind. Is this move really driven by fears in the traditional banking system? Will the alts follow the way or not?
BTC kept its bull trend perfectly and bounced from the zone I outlined this week. We are seeing one of the best weeks in more than a year and now we reached another important decision point, the end of the month is near and next week will be intense.
ES short term uptrend is still respecting market structure. If I'm be looking for a bounce now I would pay attention: we are near 100 days moving average + the price took liquidity under the 25 January minimum, went into a FVG and now it's forming higher lows.
In the start of the week we could see a little liquidity grub low to bounce after.
Spoiler: yes. ETH is continuously building strength (on every aspect: technology, adoption, sentiment and market related) and this bear market was quickly absorbed.
Taking a long term view, we should never forget what 10y yields did this year. We are in a era of high treasury returns, right in time as the governments safety is at its worst.
Forecasting a recession, oil traded down in the last 6 months of 2022 and almost ereased all the gains of the year. We are in a decision zone for the medium term, if the recession materialize (high probability) it will grab some downside liquidity.
