Gold, Oil, SPX500 - all are starting to fall, with Oil leading the race. Dead cat bounce after beginning of March dump lasted for 30 days and now comes to an end, opening retracement stage.
We all know what happened on March 12th. Crypto King was strong, but dumped harder than ever before within last 2 years.
Do you think BTC halving will save crypto or Bitcoin will follow?
@WiseForex #Oil #Gold #SPX
We all know what happened on March 12th. Crypto King was strong, but dumped harder than ever before within last 2 years.
Do you think BTC halving will save crypto or Bitcoin will follow?
@WiseForex #Oil #Gold #SPX
A brief outlook at traditional markets.
Wouldn't say that stocks are bearish, but that chart is losing bullish momentum and in case of drop below 3888 will continue lower to ~3800-3850. Bitcoin will follow stocks wherever they go.
Oil definitely going lower. New wave of lockdowns push it there. Oil down = stocks down as well. Not all, but that influence markets a lot as it represent the overall economy stability against covid fear.
Dollar Index rising forming an uptrend. Yet early to confirm it but moving averages are all grouping upwards so that will make stocks/crypto life harder.
@CryptoTrades #Stocks #Oil #DXY
Wouldn't say that stocks are bearish, but that chart is losing bullish momentum and in case of drop below 3888 will continue lower to ~3800-3850. Bitcoin will follow stocks wherever they go.
Oil definitely going lower. New wave of lockdowns push it there. Oil down = stocks down as well. Not all, but that influence markets a lot as it represent the overall economy stability against covid fear.
Dollar Index rising forming an uptrend. Yet early to confirm it but moving averages are all grouping upwards so that will make stocks/crypto life harder.
@CryptoTrades #Stocks #Oil #DXY
This is how I see global market for the nearest two weeks time.
Buying the dips short term is ok, but I'd be careful and not hold them for too long considering uncertain situation now. Even if March 2020 will not repeat still stocks indexes drop by 6-8% from the top will cause everything to dump as well.
@CryptoTrades #DXY #Stocks #Oil
Buying the dips short term is ok, but I'd be careful and not hold them for too long considering uncertain situation now. Even if March 2020 will not repeat still stocks indexes drop by 6-8% from the top will cause everything to dump as well.
@CryptoTrades #DXY #Stocks #Oil
Crypto Trades
This is how I see global market for the nearest two weeks time. Buying the dips short term is ok, but I'd be careful and not hold them for too long considering uncertain situation now. Even if March 2020 will not repeat still stocks indexes drop by 6-8%…
OIL and DXY hit my targets in one day 😱 SP500 half way there, but Dow Jones I didn't post yesterday covered full distance.
What to expect from Monday - "dead cat bounce" or continuation of the dump? I'm ready to see both with bearish bias in the end.
@CryptoTrades #DXY #Stocks #Oil
What to expect from Monday - "dead cat bounce" or continuation of the dump? I'm ready to see both with bearish bias in the end.
@CryptoTrades #DXY #Stocks #Oil
Crypto Trades
This is how I see global market for the nearest two weeks time. Buying the dips short term is ok, but I'd be careful and not hold them for too long considering uncertain situation now. Even if March 2020 will not repeat still stocks indexes drop by 6-8%…
Update for global market situation.
As expected Monday gave "dead cat bounce" to stocks and other assets, but then the downfall continued. Fear is still strong. The only thing that holds strong is Gold and that gives me hope that Bitcoin will also manage to do well in December.
P.S. Today is the last day of month. Whatever that may bring.
@CryptoTrades #DXY #Stocks #Oil
As expected Monday gave "dead cat bounce" to stocks and other assets, but then the downfall continued. Fear is still strong. The only thing that holds strong is Gold and that gives me hope that Bitcoin will also manage to do well in December.
P.S. Today is the last day of month. Whatever that may bring.
@CryptoTrades #DXY #Stocks #Oil
Crypto Trades
Update for global market situation. As expected Monday gave "dead cat bounce" to stocks and other assets, but then the downfall continued. Fear is still strong. The only thing that holds strong is Gold and that gives me hope that Bitcoin will also manage…
Update for global market situation.
Shortly - still look like shit. SP500 has room to fall to 4400 (and that is a bullish scenario bounce zone). Oil at POC but approach it so furiously that I wouldn't bet on reversal yet, only "dead cat bounce". Dollar Index doing more or less fine which isn't that fine for crypto.
@CryptoTrades #DXY #Stocks #Oil
Shortly - still look like shit. SP500 has room to fall to 4400 (and that is a bullish scenario bounce zone). Oil at POC but approach it so furiously that I wouldn't bet on reversal yet, only "dead cat bounce". Dollar Index doing more or less fine which isn't that fine for crypto.
@CryptoTrades #DXY #Stocks #Oil