MarketMastermindsGroup

Bitcoin BTC The current bitcoin action has broken out of a 2 month downtrend and has retested the the trend line. This is a bullish occurrence and we can look for a long position here.

SPX The S&P 500 is heading towards a major resistance around the 4310 level. This is the last major resistance that needs to be taken in order to go up. With the current state of the economy the rejection of this level is the most likely scenario. The rise in interest rates see no end this summer. And historically there tends to be a market crash after they stop raising rates and start cutting them. Another factor is that the government will raise the debt celling causing more money to be printed which weakens the state of the economy even more. But generally will cause prices in the market to rise. The only thing that will make the market really bullish is some new development or technology such as AI that will rapidly increase production in the United States. But currently we are at a 50/50 point on which direction we will end up going heading into 2024. The main things to watch are the debt celling bill and the terms with in it, the Fed reserve rate hikes and what they project in the future, and any major news development of new tech and trade deals, as well as energy production and government easing restrictions on drilling.

APPLE $AAPL Rising wedge for apple 6h chart. Have to see how the momentum looks tomorrow. We can easily break below but there is lots of upward pressure currently

BITCOIN FIB Bitcoin did bounce of the .618 Fib level and a support level. Looking for a breakout up.

SOFI Depending on the world financial credit situation SOFI looks like a good choice. If the government raises the debt celling and the fed cuts rates and begins easing after a small panic, the situation should be fine by Q2/Q3 2024

Bitcoin Losing strength BTC losing strength on the RSI. Heading to 25.2k if strength continues. will update if trend changes.

LINK and FTM Both Chainlink and Fantom are in a similar accumulation channel for more than a year now. When we break above this will be very bullish.

Draftkings DKNG Draftkings is on the move, could see a double in price by 2024.

Duolingo Looking for a short in DUOL for Chatgpt covering aspects of the app completely free and in some cases easier to use.

Bitcoin Gold Cross Gold cross taking place on the 2 day chart. Almost exactly 3 years after the last gold cross happened back in May 2020. Gold cross = 50 day moving average crosses above 200 day moving average. Long term bullish scenario.