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Bitcoin Rebounds From $63.2k Support
Yesterday I discussed the potential for Bitcoin to rebound from the yellow trendline around $63.2k. There was a strong wick down below my target caused by the U.S. government selling some Bitcoin. This added sell pressure really affected Bitcoin’s price, and this raises some concerns about large institutions and governments affecting the markets. Bitcoin still […]Read More
Weeks of Downside for NASDAQ and S&P
The S&P has experienced 3 weeks of downside, and the NASDAQ has been red for four consecutive weeks. QQQ is trading near a key support level around $453, and could potentially rebound here. SPY does not have a key support level to monitor here, but the NASDAQ is likely to lead the rebound. Some of […]Read More
Strong Selloff for IWM and Small Caps
Over the past few weeks IWM has held strong while the NASDAQ and S&P continue to selloff. However, panic is starting to kick in this week and IWM has formed a strong selloff. There is a key zone between $205 and $210, IWM could potentially flip this zone from resistance into support here. Follow me […]Read More