Back in the Global Financial Crisis over 150 banks went out of business.
Today, 4 failures already equate to nearly the entire amount of assets financial institutions held during the banking crisis issue of '08 and '09 👀
✍️ Note how the number of bank failures historically has lagged vs. assets, meaning that bigger banks fail first, then a greater number of smaller failures come after.
2023 has already been the biggest year for bank failures by assets in US history, and the year is not over. A recession hasn’t even started yet. The rest of the year - the beginning of next year could be pretty bearish for the markets 📉
#BTC 1W
I don’t want to see a retest of the $25-26k level (MA200 + Horizontal)
If we’re bullish we SHOULD NOT test that level in May IMO!
Notice how brilliantly the EMA100 has been holding the price. Perfect support so far 👌
We must hold it in order to maintain the mid-term bullish trend 📈
$ADA 1D update
Following my projection quite nicely
I'm expecting a big breakout in May 📈
Targets remain
S&P500 update
Pretty bullish picture I should say 😏
That August 2022 High looks like an obvious target
I can't explain this flash crash other than that 👇
March 14th - US Government Sold 9,800 #BTC and we crashed roughly 9% 📉
April 26th - Mt Gox and US Govt Wallets Making Transactions (supposedly sold #BTC again) and we crashed the same 9% 📉
Fed hikes 25bps as expected
Back to where we were in 2006. And now the fun part begins
Tomorrow is a big day. I actually like that we’re dumping into the FOMC
However, the hype around meme coins is alarming
#BTC 1W update
Not a bullish engulfing candle but still a decent green one
Bulls engulfed 60% of the previous red week. I remain somewhat optimistic
📍Key Level for the bullish case is $27K
S&P500 Zoomed in
Looks like a decent Cup & Handle 🧐
Bullish! (good for #BTC)
🎯 Target 4310-4360
$LTC update
As I expected, $LTC didn’t go much lower, the New Support held brilliantly 👌
#BTC Zoomed in
The daily candle we deserve lol
Good thing we closed at least in the green
Today we need to close above the grey Horizontal (my Mirror Level)
So far so good 👀👌
Higher High ✅
Shakeout ✅
Now #BTC needs to regain the Mirror Level
#BTC 1D
TD-9 Buy signal on the daily is coming tomorrow 😏
It perfectly called the low in February & March
#BTC
Mission to save the weekly candle failed 😬
Again, not yet a death sentence, but rather the first red flag for the bulls