mpd
From 35k I expect a big crash of BTC to target 1,8k area in the middle of 2024 (may-june) 1st target could be 14,5k , 2nd target 6,5k final tp 1,8k. Stoploss 41k
In my view we could see a temporary retracement to 25k area but bullish trend should continue to test 35k area where main monthly bearish trend could resume to target tp1 6,7k and final tp 2k area
My view remains unchanged, once SPX fall stops BTC bullish trend will restart to target 35k then big short move filan target 1900$ area
As in my previous idea, PEPE continues moving in a falling wedge that in my opinion will be broken to target at least 0,0000028 area. Since I see a probable BTC correction to 27,2k due to markets short term bearish trend, PEPE could retrace and test the channel low trend line: in that case I would increment my position and wait my tp.
IN my view BTC is drawing a cup and handle pattern, tp 35k then massive crash
This is an update of the previous chart , potential 260$ target according to this pattern
WTI monthly falling wedge was broken so I expect at least a target of 180$ but it culd extend to 240-250$ area folowing a cup and handle pattern
I gave a look to monthly chart, we can se a falling wedge broken , a retest of the upper trendline , according to the pattern Brent should rise at least @ 188$ area but we could reach 260$ target too if the rise will not stop to 188$ , forming a cup and handle pattern
In my view current bullish move is targeting 4630 area then after a retracement to 4420 area bullish move will restore to final target 4900 where massive crash should start
In my view UK OIl could fall to 84/85$ area before restarting to test 112$
In my view the bubble started in 2020 is going to bang , last bullish leg to new ATH at 4880-4900 could cause an apocalyptic dump , an hiptotecal armmonyc pattern target is 1840
In my view current BTC correction could continue to 22,3k in next 2 weeks (I expect SPX correction too in next days); then in my view a huge bullish move could start to test target 40k area and more before massive crash (I expect markets crash and VIX explosion in 2024 ) to target 6k area. As you can see in the charts my final tp for BTC is 1900$ area where new...
In my view BTC will test 21,8 / 22,6k area before bullish trend reverse , tp 38k area where last bearish main trend will resume to target 1900$ area
In my view SPX bearish move will continue to final tp 4175; My first target is 4262 level : the chart shows a possible path to 4262 on 1hr time frame
In my view the bubble started in 2020 is going to bang , last bullish leg to new ATH at 4900 could cause an apocalyptic dump , an hiptotecal armmonyc pattern target is 1840
In my view SPX i sperforming an ABC correction from ATH, current rebound as wave B and is over @ around 4475 where wave c is started with tp 4176 . If 4160/4190 area supports the drop we could se a final bullish leg to new ATH to 4880-4920 area where a massive bearish trend will start to target 2100-2300 in 2024
In my view wti is forming a cup and handle pattern once tested 73/74$ area falling wedge wil be broken by bullish move to targets tp1= 98$ tp2=105$
In my view wti correction will continue like SPX (my target is around 4180), so a retracement to 74$ area is likely in September before bullish trend restarts to target 1st tp 98$ area in December. 2nd tp 105$ is possible but less likely.