We want to see strenght here and ideally close above the daily bearish FVG.
To put a price on it above $86K
To put a price on it above $86K
SP500 (Futures) Update
Weekly Market Structure Shift unfolded like we discussed as a potential outcome over the fast few weeks...
The SP500 closed the weekly candle ~8.8% lower compared to where it opened.
Last time we've seen such a bad week for the SP500 was in the week of 16th - 20th March 2020.
Targets to the downside:
- 200 Week EMA
- 3 Std Deviations lower of the last leg up
- Golden Pocket of the overall leg up
Weekly Market Structure Shift unfolded like we discussed as a potential outcome over the fast few weeks...
The SP500 closed the weekly candle ~8.8% lower compared to where it opened.
Last time we've seen such a bad week for the SP500 was in the week of 16th - 20th March 2020.
Targets to the downside:
- 200 Week EMA
- 3 Std Deviations lower of the last leg up
- Golden Pocket of the overall leg up
Majority is here for Crypto TA so let's make it very clear. $BTC is holding up muuuch stronger than stocks!
How much stronger?
Well the SP500 cleared the lows it formed during the Japanese Yen "Carried Trade" crash back in August of 2024.
The August 2024 lows of $BTC are sitting at approximatley $49K USD.
If $BTC would have followed the stock market this week, we would probably be looking at prices between 50-60K USD per BTC
Well the SP500 cleared the lows it formed during the Japanese Yen "Carried Trade" crash back in August of 2024.
The August 2024 lows of $BTC are sitting at approximatley $49K USD.
If $BTC would have followed the stock market this week, we would probably be looking at prices between 50-60K USD per BTC
Futures opening back up later tonight.
$BTC1! closed on Friday at $84,475 and is currently trading at around $82,650 (depening on the Exchange)
$BTC1! closed on Friday at $84,475 and is currently trading at around $82,650 (depening on the Exchange)
Matt’s TA
Current Market Structure and price action on the $BTC daily timeframe would suggest that a continuation lower towards $81,200 is more likely in the short term.
Entered Short after sharing this
TP: $81,200
TP: $81,200
Matt’s TA
BTC Global M2 (108 Day Off-shift) As presented by Colin Talks Crypto in this video https://www.youtube.com/watch?v=ZO1ZtptDu-w&t=22s using a 108 day offshift leads to the highest correlation between Global M2 and BTC. This would suggest that April is gonna…
We're still on track with the GLobal M2 Money Supply (108 Day Offset)