Nvidia rallye looks kind of exhausted.
If I'd made a bet, I'd say sideways/down.
The question is: will profits flow into other stocks/assets?
Past days have shown a clear yes with Alphabet and others pumping quite nicely - holding SPX up.
If this would continue, it would be very healthy for the market but of course there is a big risk of a market wide correction as well.
If I'd made a bet, I'd say sideways/down.
The question is: will profits flow into other stocks/assets?
Past days have shown a clear yes with Alphabet and others pumping quite nicely - holding SPX up.
If this would continue, it would be very healthy for the market but of course there is a big risk of a market wide correction as well.
DiveInDefi
In all seriousness, we are still below the 50W MA. First time since March 2023. Current level is 102.4k. We need to break upwards to make this a very big bear trap. Not sure if we can. Last days pump is mainly due to being oversold and SPX jumping quite nicely.…
Very interesting, exactly at monthly candle close, we started the sell-off. This time it doesn't feel like someone dumped big, more like some bots flipped bearish and sold, causing this chain liquidation once again.
What concerns me, is that we went through 89k without a lot of resistance. This is not good but we gotta wait for market opening in a couple of hours.
Unfortunately, SPX futures are also down at the moment with Nvidia also being down again aftermarket.
In general, nothing has changed so far unless we regain the 50W MA... TA is bearish..
What concerns me, is that we went through 89k without a lot of resistance. This is not good but we gotta wait for market opening in a couple of hours.
Unfortunately, SPX futures are also down at the moment with Nvidia also being down again aftermarket.
In general, nothing has changed so far unless we regain the 50W MA... TA is bearish..
DiveInDefi
Reaching resistance area.
If we close here it would be pretty nice with a nice higher low printed. I really hope we remain >90k now.
As said before, macro TA flips bullish again when we reclaim the 50W MA which is >102k
As said before, macro TA flips bullish again when we reclaim the 50W MA which is >102k
SPX close to ATH while BTC is forming a bear flag which I don‘t like.
Hopium is that we see new ATHs on SPX to carry BTC up.
89-90k must hold to remain somewhat bullish. But current PA makes gives me disbelief so far..
Hopium is that we see new ATHs on SPX to carry BTC up.
89-90k must hold to remain somewhat bullish. But current PA makes gives me disbelief so far..
DiveInDefi
SPX close to ATH while BTC is forming a bear flag which I don‘t like. Hopium is that we see new ATHs on SPX to carry BTC up. 89-90k must hold to remain somewhat bullish. But current PA makes gives me disbelief so far..
Zone must hold.
Last hopium support at around 85.4k rn.
If this doesn‘t hold we retest 80k again and 73k is in play again.
Last hopium support at around 85.4k rn.
If this doesn‘t hold we retest 80k again and 73k is in play again.
DiveInDefi
Photo
Closed above 89k is a good start. Weekend now so anything aside from big moves is mostily invalid again.
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DiveInDefi
Closed above 89k is a good start. Weekend now so anything aside from big moves is mostily invalid again.
Bear Flag or ascending triangle? I guess we will find out within the next 1-2 weeks.
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DiveInDefi
Bear Flag or ascending triangle? I guess we will find out within the next 1-2 weeks.
break >94k and holding above would confirm an ascending triangle and surely send us to 100k.
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