Matt’s TA
Bigger Picture SP500 Futures Update - Decision Time - Powell (FED) ruled out a recession in todays FOMC Press Conference (Bullish) - Powell announced drastically slow down QT beginning next month (Extremly bullsih for risk assets) - The Asian and European…
SP500 Bigger Picture Update 🚨
This remains my base case because I simply can’t ignore my core principles. Market structure on the weekly shifted.
Staying sidelined before I’m convinced of the invalidation.
https://www.tradingview.com/x/JhZ5TdIW/
This remains my base case because I simply can’t ignore my core principles. Market structure on the weekly shifted.
Staying sidelined before I’m convinced of the invalidation.
https://www.tradingview.com/x/JhZ5TdIW/
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CME_MINI:ES1! Chart Image by EtherMatt
For reference this is last cycles SP500 top.
While the SP500 did form a lower high after the bearish MSS, BTC formed a new ATH at 69K resulting in last cycles double top.
https://www.tradingview.com/x/mFSO3Lad/
While the SP500 did form a lower high after the bearish MSS, BTC formed a new ATH at 69K resulting in last cycles double top.
https://www.tradingview.com/x/mFSO3Lad/
TradingView
CME_MINI:ES1! Chart Image by EtherMatt
Share your thoughts
Anonymous Poll
18%
Bull Trap -> Lower High (Rejection)
82%
V Shape Recovery -> ATH
I know this essentially means the cycle might already be over or will be soon.
Trust me I don’t want that either all I’m doing is share my analysis and the comparison to last cycles top.
You should at least have it on your radar 🫡
Trust me I don’t want that either all I’m doing is share my analysis and the comparison to last cycles top.
You should at least have it on your radar 🫡
THE $BTC LOW IS IN?
It's still early in the week, yet $BTC is showing a potential 3 Bars up candle pattern on the weekly timeframe.
The last four times this happened $BTC went up by 48.75% on average! This would send it above $130K.
Read more in the comments below
Tradingview Chart: https://www.tradingview.com/x/AH593xHt/
Show this tweet some love if you dont mind:
https://x.com/0xethermatt/status/1904646571326681480
It's still early in the week, yet $BTC is showing a potential 3 Bars up candle pattern on the weekly timeframe.
The last four times this happened $BTC went up by 48.75% on average! This would send it above $130K.
Read more in the comments below
Tradingview Chart: https://www.tradingview.com/x/AH593xHt/
Show this tweet some love if you dont mind:
https://x.com/0xethermatt/status/1904646571326681480
SP500 Bigger Picture - Why did we reject here?
-> 50% Rejection
-> ATH VWAP Rejection
-> Weekly Bearish FVG
Thesis:
If we break structure on lower timeframes
(below NWOG) chances are this ends up being a bull trap lower high
-> 50% Rejection
-> ATH VWAP Rejection
-> Weekly Bearish FVG
Thesis:
If we break structure on lower timeframes
(below NWOG) chances are this ends up being a bull trap lower high
I summarised all my thoughts and analysis in this Youtube Video 🫡
https://www.youtube.com/watch?v=KZZvARQjhVI
https://www.youtube.com/watch?v=KZZvARQjhVI
YouTube
Bull Market Over? Matt's TA #SP500 #BTC
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Chapters:
00:00 Intro
01:05 SP500 Emini Futures
09:40 US Dollar Index
11:55 Bitcoin Lower Timeframe
13:25 Bitcoin Low…
👉 https://www.t.me/trade_ethermatt
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Chapters:
00:00 Intro
01:05 SP500 Emini Futures
09:40 US Dollar Index
11:55 Bitcoin Lower Timeframe
13:25 Bitcoin Low…
$BTC Update 4H Timeframe
Holding strong above the 50% level of the daily range and also above the 50% of the current 4H market structure range
Remaining in my AMD long position from yesterday and added another one just earlier today on the bounce
https://www.tradingview.com/x/W67o9WnE/
Holding strong above the 50% level of the daily range and also above the 50% of the current 4H market structure range
Remaining in my AMD long position from yesterday and added another one just earlier today on the bounce
https://www.tradingview.com/x/W67o9WnE/