Right now I am going to describe the conditions for LINKUSDT and the same analysis that is true for this pair is also true for most of the Altcoins market. The market is one. Chainlink (LINKUSDT) produced a rising-wave in late 2024 and later a correction. This is also true for the rest of the Altcoins market. The correction is coming to an end producing a higher low compared to August 2024. In mid-2024 (left side of the chart), we can see how a down-wave leads to a sideways market. This is the main condition that is now sure to develop. The sideways market of course is the period of accumulation, where the bulls accumulate strong in order to produce a new series of bullish waves. We know the next move is bullish because of the long-term higher low. The low in early 2025 is higher than the low in mid-2024. This can be described as a simple 1,2,3 steps pattern. 1) The decline. This decline can be strong, long or short, steep or soft. Allow for wide variations across the market. 2) Sideways. This is the period where buyers accumulate at low prices before the next cycle starts. 3) The bullish wave. In this case, the next bullish wave is actually the 2025 bull-market. So instead of a simple bullish wave we will see massive growth ending with a bull-run phase in late 2025. Ok. Present day. We have the decline which started in mid-December 2024. This decline is leading to step #2 which is the sideways action. Out of this sideways (consolidation channel) we will see a new bull-market develop. Simple? Buy and hold. Good things will happen to those that decide to buy Crypto. Great things coming for those who decide to follow. Thanks a lot for your continued support. Namaste.
BTC still holding above the new midrange, but price action looks heavy. Selling pressure remains strong, and inflows into exchanges are rising — whether that’s for spot selling or using BTC as margin for coin futures remains to be seen. For now, anything below the midrange is a short zone for me. A lower high before further downside wouldn't surprise me, but as I told you I’ve already derisked from some alts 2 days ago, in case we get another breakdown from here.
Stock Markets Track Consumer Sentiment Closely The relationship between consumer sentiment and the stock market is evident in this observation. Historically, consumer sentiment tends to lead stock market movements, providing valuable insights into potential trends. Personally, I consider the Russell 2000 Index as a reflection of mass consumer sentiment, given that it tracks the 2,000 smallest publicly traded companies in the U.S. market. Looking at the E-Mini Russell futures, consumer sentiment peaked in December 2024, and since then, I have been monitoring the Russell and other indices along their well-supported trendlines. When the Russell started testing its trendline in January, I became cautious about its uptrend. The clean break on February 21 signaled a shift: Russell transitioned from an uptrend to a downtrend on the daily chart. Consequently, my trading strategy has shifted from buying on dips to selling on strength whenever opportunities arise. https://www.tradingview.com/x/GcOHdZLV/ Russell is Leading Dow Jones, Nasdaq and S&P??? Indices tend to influence each other, and leadership often rotates. While the Nasdaq has previously led market moves, this case study suggests Russell is currently taking the lead. Technically, the overall U.S. market remains bullish as long as it holds above the primary uptrend line. A bear market is typically confirmed when the market drops 30%, and by then, it should break below all primary uptrend lines. However, waiting for that confirmation is too late—by then, the damage will be significant. The key observation is that Russell has already broken its secondary uptrend line. Will the Dow Jones, S&P 500, and Nasdaq follow? If so, we need to make fundamental projections. Factors like escalating tariff conflicts could worsen inflation, directly impacting the broader stock market and indices. https://www.tradingview.com/x/scwmEzEj/ Consumer Sentiment Still Below 80 Despite Pandemic Being Long Over Given the current macro environment, consumer sentiment is likely to remain below 80 for an extended period. Additionally, there is a downside risk if geopolitical tensions escalate. From past case studies, a consumer sentiment reading below 80 has often preceded a stock market decline. This historical pattern raises concerns about future market stability. My Trading Strategy: Cautiously Bullish • Technical Perspective: Apart from Russell, I remain bullish on other indices. • Fundamental Perspective: Market sentiment leans toward pessimism. • Conclusion: This dual outlook leads me to a cautiously bullish stance. For Russell 2000, my preferred strategy is to sell into strength, guided by a downtrend channel. Another alternative is trading Micro E-Mini Russell futures (M2K) for precision and risk management. ? Happy trading! Please see the following disclaimer and additional information that may be useful. E-mini Russell Futures Ticker: RTY Minimum fluctuation: 0.10 index points = $5.00 Micro E-mini Russell Futures Ticker: M2K Minimum fluctuation: 0.10 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • My mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. Trading the Micro: https://www.cmegroup.com/markets/microsuite.html CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs https://www.tradingview.com/cme/
Here's an idea for upward trend chart for Bitcoin starting from $75,000
Even though prices are getting weaker & closer to a reversal, we’re listening strictly to what market structure tells us. Above Wave X High ($2,864) = Bullish? Below Wave 4 Low ($2,833) = Bearish?
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