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! Let’s make an update on AVAX the coin with the most clear Elliott waves structure. We have some changes since our last update. Let’s take a look at

Hello, Skyrexians! We had some doubts in this scenario, but now price action clarified it. Dominance has finally decided to pump in the wave 5 and this wave can be

Hello, Skyrexians! Yesterday we pointed out that Ethereum has not finished the global correction and is waiting for crush, today we found the same pattern for DOGE . We still

Hello, Skyrexians! Recently we have already told that potentially ETH has been finished the correction and is ready to reach $7-10k, but today we recalculated waves and can tell that

Hello, Skyrexians! It’s time to update SUI idea. Last time we pointed out that wave 3 has been finished and correction incoming. Now we are seeing this correction. Today we

Hello, Skyrexians! In the era of memecoins when everyone is talking about PEPE, DOGE and HMSTR we have the quite meme W which is now at the very low prices