2 min

S&P500 – not the bear market, just a correction!

ou know me as a Bitcoin analyst, but S&P500 have the strong influence on cryptomarket.

Hello, everyone!

You know me as a Bitcoin analyst, but S&P500 have the strong influence on cryptomarket. Today I revealed that the “bear market” on traditional markets is going to end.

I use quotes because it is not the true bear market, just the correction. I will explain you why. What is the bear market – it’s the 5 waves Elliott cycle to the downside, but if we try to count waves the potential wave 4 overlaps the wave 1 – it means that it’s not the waves 1 and 4. Thus we have to consider it as the ABC correction. Here this ABC is represented as a zigzag. Wave A consists of the zigzag abc inside it. The same is true for wave B. Now the price continues to draw the wave C. The target for wave C could be the 0.618 Fibonacci extension ($3550). Also the MACD indicator on the 1W timeframe showing us the potential strong bullish divergence – it’s the insane reversal signal for the end of the “bear market”.

Cryptomarkets will follow the SPX because of high correlation – we have to be very patient, bottom is next to!

Best regards, Ivan

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Hello, Skyrexians! Some of you may be remember my article which I shared more than 1 year ago where called LDO the worst asset and it dumped exactly as predicted.

Hello, Skyrexians! I tried multiple times to understand what is happening on ADA chart. The Elliott waves analysis was too complicated and I didn’t share anything, but today I found

Hello, Skyrexians! On yesterday’s crypto pump SUI was the greatest performer and people started to have an interest in this coin will continue growing or this is just a bull

Hello, Skyrexians! Time to update our main chart BTC.D and today we will take a look at 4h time frame to make sure that everything is going according our global

Hello, Skyrexians! We hope you remember our previous BTC analysis where we told you that Bitcoin will not go significantly lower than $77k. Now price is already at $85k and people now can’t understand

Hello, Skyrexians! It’s time to update SOL analysis. We have already told about Solana dump when price was next to $300 where told about $110 and as usual did not