Seeing if we get our last leg up here and if the percentage trends continue to follow. The bottoms of the 1st and 3rd ones were support levels of when they broke out of down trends at those times.
?In the last month, I have seen a hyper-fixation on the correlation of M2 with Bitcoin, as in red analysis with predictions such as a failure under 60K in February. I don't entirely agree with this analysis. ?First, most of the analyses I have seen show such a correlation only for the last year (black frame). Do you know why? Because in previous years, the correlations were many times smaller, and you cannot make such good matches. ?Second, you can look at the white square. There is not too much logic in Bitcoin perfectly following the outdated money metric. In 2022, Bitcoin fell from 50K to 20K while M2 continued to grow, a three-month lead there does not really fit. ?To sum up, M2 sometimes correlates with Bitcoin, but it is not often, and the 3-month shift is nothing more than a convenient data fit. You need to look at the big picture and not fall in love with one model or metric.
BTC is completting mian wave (4) . Wave 4 usually completes flat or triangular, in this case correction is being made in the form of a triangle. The wide and long movement of this wave is a proof of the occurrence of wave 4. I believe the price will touch again around 91k and then 120k
it looks like the pair has hit a bottom. 1.75206 is a nice low that was also hit in November last year. Our signal system still gives a negative advice with a Score of -6. But we still go for a buy in the long term. A buy series that starts at 1.76700 with a sl at the bottom is a nice start. The inflation figures have improved. The COT, the GBP and the Interest Rates have also improved in favor of a long session.
Gold is in up trend in weekly timeframe as well as in hourly making HH and HLs. It can be bought at current price if current hourly candle engulfs with SL 2669 TP1 2696 TP2 2715. In daily time frame, gold is making pennant an expected trend continuation combining with trend in weekly. I am sharing it for analysis only. OANDA:XAUUSD
Thoughts On The ENA C&H? Long Term Outlook Based Of The Daily Time Frame
Building Volume for a Potential Move AVAX is showing strong accumulation signs, with increasing trading volume and steady price action. This indicates growing interest from buyers, potentially setting the stage for a significant breakout. Key support levels are holding firm, suggesting that bulls are defending these zones effectively. If the volume continues to rise and breaks through key resistance levels, we could see a strong upward trend.
Attractive signal If the upper curve is broken, the main move will begin and the final price target will be $0.8. Stop loss: 0.004 Don't forget to post, comment and follow. Ali Rezaei
The breakout in Ethereum can happen at any moment. I expect a 350% increase from the previous local highs, see chart. This also happens to be exactly the resistance line that has been intact since January 2018.
Nifty future and banknifty future analysis and intraday plan. Stock ideas included. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT