$BTC / SP500 Correlation 👀
The stock market updates to the maximum(#ATH), Will Bitcoin do it?
The recent growth of the stock market is due to strong reporting and growth of 5 companies (#NVDA #GOOGL #AMZN #META #MSFT) from the Magnificent Seven. Mostly because of the pending rate cut, the AI boom, and the influx of liquidity.
📝In general, there are enough problems in the stock market, the most positive comes from the expectation of liquidity and rate reduction closer to autumn due to political pressure. But at the moment we are a little overheated, I think that shortly there will be consolidation, before the continuation of growth.
💡I think #Bitcoin will have something similar. The positive effect of ETH ETF and halving will help keep Bitcoin at the previous levels(60-72k), until the phase of active growth, which will start soon (~end of summer).
The stock market updates to the maximum(#ATH), Will Bitcoin do it?
The recent growth of the stock market is due to strong reporting and growth of 5 companies (#NVDA #GOOGL #AMZN #META #MSFT) from the Magnificent Seven. Mostly because of the pending rate cut, the AI boom, and the influx of liquidity.
📝In general, there are enough problems in the stock market, the most positive comes from the expectation of liquidity and rate reduction closer to autumn due to political pressure. But at the moment we are a little overheated, I think that shortly there will be consolidation, before the continuation of growth.
💡I think #Bitcoin will have something similar. The positive effect of ETH ETF and halving will help keep Bitcoin at the previous levels(60-72k), until the phase of active growth, which will start soon (~end of summer).
#Bitcoin distance from BMS 👀
3 months ago I predicted a local peak, although at the time my thoughts were not supported by many.
🗣As I said, zone 40 on the oscillator acted as resistance. And we haven't received too big liquidity surges from ETFs (so far).
What's next? Zone ~0 (BMS) on the oscillator, on the contrary, often acts as a support in the correction, especially after halving. I think this time it can also be our strong support if the capitulation of the miners will last.
Regarding the long-term forecasts, everything remains quite positive↗️
3 months ago I predicted a local peak, although at the time my thoughts were not supported by many.
🗣As I said, zone 40 on the oscillator acted as resistance. And we haven't received too big liquidity surges from ETFs (so far).
What's next? Zone ~0 (BMS) on the oscillator, on the contrary, often acts as a support in the correction, especially after halving. I think this time it can also be our strong support if the capitulation of the miners will last.
Regarding the long-term forecasts, everything remains quite positive↗️
$CVX earned us 2.5x in 4 days🤯 from the buy signal🟢
The green zone🟩 twice predicted the global bottom and gave us a buy signal🟢 So far, the #altcoin has encountered a strong resistance zone, namely the yellow zone🟨
The green zone🟩 twice predicted the global bottom and gave us a buy signal🟢 So far, the #altcoin has encountered a strong resistance zone, namely the yellow zone🟨
Feels Strategy
#Ethereum Keltner Channel 👀 ETH reached local resistance in the form of the red zone of the channel, faster than the last cycle. What does this tell us? The consolidation before the next move may be longer. 🤔Most will say that ETH has not reached ATH yet…
#Ethereum Keltner Channel 👀
The script↗️ was written by me two months ago and is still relevant.
Ethereum will continue to consolidate in minus 25-35% from ATH.
Currently, in anticipation of the full deployment of the ETF, the price begins to smoothly enter the red tape of the Keltner channel, mainly for the next movement a retest is required, as it was at the end of 2020.
💡I think closer to autumn we will see a movement in the middle of the red tape, which will lead to its upper limit (6k+ at the moment)
The script↗️ was written by me two months ago and is still relevant.
Ethereum will continue to consolidate in minus 25-35% from ATH.
Currently, in anticipation of the full deployment of the ETF, the price begins to smoothly enter the red tape of the Keltner channel, mainly for the next movement a retest is required, as it was at the end of 2020.
💡I think closer to autumn we will see a movement in the middle of the red tape, which will lead to its upper limit (6k+ at the moment)
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https://twitter.com/VolodymyrFeels
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