What TheChartGuys said in this video:
- QQQbearishshort-termThe host believes the most likely result of the current NASDAQ bounce is a daily lower high, as fear eases but the downtrend persists.Source
- Cryptonegative for stocksshort-termBitcoin bulls are poorly positioned while bears are comfortable, since even a 5% bounce still sets a daily lower high; anything under 81,000 is a lower high.Source
- Cryptopositive for stockslong-termBecause of the prior big bull bounce, the host sees a monthly higher low as most likely for Bitcoin, but is patiently waiting for daily oversold near 70,000 before acting.Source
- Cryptonegative for stocksshort-termETH followed through for the bears, dropping well below its last daily-oversold low and retracing 61.8% of the bounce, with bulls proving nothing.Source
- Cryptonegative for stocksshort-termFormer lead bull ZEC broke multiple support levels, entering monthly consolidation, with daily oversold still another 10%+ away at 871.Source
- Cryptonegative for stocksshort-termHYPE double-topped at all-time highs, broke multi-month support into monthly consolidation, and is now back-testing broken support as resistance.Source
- Cryptonegative for stocksmid-termXRP has shown red flags for a prolonged period, giving back its one higher-low week and now testing the $1 psychological level.Source
- Cryptoneutralshort-termNEAR's potential falling wedge is still worth watching, with a monthly higher low the most likely scenario, but not enough evidence yet to call it.Source