Weekend Market Analysis - BITCOIN, SP500, NASDAQ100, EUR/USD, GOLD
TLDRIn this weekend market analysis, the focus is on the performance of Bitcoin, SP500, NASDAQ100, EUR/USD, and GOLD. The video discusses Bitcoin's recovery after a significant drop and the potential medium-term low. The SP500 and NASDAQ100 are analyzed with emphasis on key support and resistance levels, while the EUR/USD is in a downtrend, and GOLD's market reaction to geopolitical events is highlighted. The video also celebrates reaching 25,000 subscribers and promotes trading courses and current offers.
Takeaways
- π The channel reached 25,000 subscribers, with a goal of 100,000 followers next.
- π Bitcoin experienced a significant drop after the video on Thursday but is now recovering.
- π° The 64,65,000 area is a key level for Bitcoin, with a medium-term low ideally.
- π Risk of Bitcoin falling to 53,000 if daily closes go through 60,000.
- π On the hourly chart, Bitcoin needs to break above 64,500 to establish support and move upwards.
- π SP500 had a bearish close for the week, with main long-term levels at 524475 and 5171.
- π SP500's 4-hour chart shows a high volume node at 51,2650 as a key target.
- πΉ NASDAQ100 appears more sideways on higher time frames, with main levels at 18623 and 1853.
- π Euro/USD broke through the 1.75 level, confirming a downtrend on higher time frame charts.
- π Potential for Euro to pull back and then look to short into the next level or break down and retest.
- π Gold market will be interesting to watch following the Israel-Iran conflict news, with key levels at 2,350 and 2,320.
Q & A
What was the significant event mentioned at the beginning of the video?
-The significant event mentioned at the beginning of the video was the channel reaching 25,000 subscribers.
What was the main focus of the weekend market analysis video?
-The main focus of the video was to discuss the most important futures crypto and Forex markets, specifically Bitcoin, S&P 500, NASDAQ100, EUR/USD, and Gold.
What was the approximate percentage drop in Bitcoin's price between Friday and Saturday?
-The price of Bitcoin dropped approximately 16% between Friday and Saturday.
What is the medium-term low level for Bitcoin that the speaker assumes?
-The speaker assumes that the medium-term low level for Bitcoin is around 60,000.
What was the main support level for the S&P 500 that was discussed in the video?
-The main support level for the S&P 500 discussed in the video was around 5,150.
What are the two high time frame levels the speaker is watching for the NASDAQ?
-The two high time frame levels the speaker is watching for the NASDAQ are 18,623 to the upside and 18,533 to the downside.
What happened to the Euro US dollar after breaking through the 1.75 level?
-After breaking through the 1.75 level, the Euro US dollar went down into the next level at 1.639, confirming a lower low on the higher time frame charts.
What is the potential downside risk for Gold after the recent market events?
-The potential downside risk for Gold is a retrace back into the area between 2,360 and 2,326, and then possibly down to the 2,304 level.
What is the next level of interest for Euro US dollar on a move back up?
-The next level of interest for Euro US dollar on a move back up is the broken support turned resistance level.
What is the speaker's strategy for trading courses and promotions?
-The speaker is promoting their trading courses and mentioning a discount for Trader funding companies, with Apex offering 80% off for one day for the entire month of April, and Funded Futures selling starter accounts at discounted prices.
Outlines
π Channel Milestone and Bitcoin Analysis
The speaker begins by celebrating reaching 25,000 subscribers on their channel and expresses gratitude to the audience. They discuss their commitment to creating content over the past three years. The primary focus of the video is on the analysis of Bitcoin's performance. The speaker mentions a recent video they made on Bitcoin and notes a significant price drop that occurred after the video. They analyze the weekly chart, highlighting the $64,650 area as a crucial support level. The speaker discusses the medium-term low and the risk of falling to $53,000 if the support level breaks. They also mention a bullish order block consolidation and express their desire for a quick recovery, ideally closing above $64,500 to establish it as new support. The speaker further examines the hourly chart, identifying resistance and support levels, and shares their expectations for Bitcoin's short-term trajectory.
π SP500 and Equities Outlook
The speaker transitions to discussing the S&P 500, noting a bearish close for the week and analyzing the weekly chart. They highlight the $51,550 area as significant support, which has not been breached in three consecutive weekly candles. The daily chart shows a bearish engulfing candle, followed by a recovery attempt that was met with rejection. The speaker is monitoring key high timeframe levels, including $52,447.5 and $51,710, and anticipates a potential move down to $51,265 or $50,250 if the current support level breaks. They also discuss the impact of the Israel-Iran conflict on market sentiment and provide an analysis on the 4-hour chart, focusing on the $51,925 and $51,710 levels as areas of interest for potential breakouts or continuation of the current trend.
π NASDAQ Weekly Review and Forecast
The NASDAQ is the next subject of analysis, with the speaker noting its more sideways movement compared to the S&P 500. They review the weekly chart, highlighting a range-bound pattern between 18,040 and 18,070. The speaker is watching two main levels: 18,623 to the upside and 18,530 to the downside. A strong daily close beyond these levels could lead to new all-time highs or a deeper retracement. On the hourly chart, the speaker identifies immediate support and resistance levels at 18,523 and 18,530, respectively. They discuss the inside day candlestick pattern and the potential for a breakout or continuation of the sideways trend, depending on the market's movement and external factors such as geopolitical events.
πΆ Euro-US Dollar ForEx Analysis
The speaker shifts focus to the Forex market, specifically the Euro-US Dollar pair. They discuss the pair's bearish week, noting the break below the significant 1.75 level. The next support level is identified at 1.639, with 1.517 as the subsequent level. The speaker confirms the Euro's downtrend on higher timeframe charts and analyzes the trend lines, noting their increasing inclination as the downtrend accelerates. They discuss the potential for a pullback and a short position or a breakdown and retest of the lows. The speaker also identifies a high-volume node as a target if the pair breaks above the current trend line.
π Gold Market Update and Predictions
The speaker concludes the video with an analysis of the gold market, considering the impact of the Israel-Iran conflict on the market. They note a significant price move and a rejection at the all-time high of $2,431. The speaker's main long-term levels are mentioned, with a new level of $2,350 identified after the recent price action. They discuss the 4-hour chart, highlighting the $2,360 and $2,326 levels as areas of interest. The speaker anticipates a potential downside risk to $2,320, with support at the low volume node below that level. They also mention the possibility of a move back into the previous high volume node if the current resistance is broken.
Mindmap
Keywords
π‘Weekend Market Analysis
π‘Bitcoin
π‘S&P 500
π‘NASDAQ100
π‘EUR/USD
π‘GOLD
π‘Support and Resistance Levels
π‘Bearish Engulfing Candle
π‘Trend Lines
π‘High Volume Node
π‘Geopolitical Events
Highlights
The channel celebrates reaching 25,000 subscribers, with thanks to the audience for their support over the past 3 years.
The next goal for the channel is to reach 100,000 followers, encouraging viewers to like, recommend, and subscribe.
Special promotions are announced for April, including an 80% discount on one-day passing for Trader funding companies and significant discounts on funded Futures starter accounts.
Bitcoin experienced a significant drop after a video was released on Thursday, but has since been recovering.
The weekly chart for Bitcoin shows a key resistance area around 64,000 to 65,000, which has been crucial in the recent weeks' price action.
There is a risk for Bitcoin to drop to 53,000 if the price closes below 60,000, despite the current bullish order block consolidation.
The speaker is looking for Bitcoin to recover quickly, ideally closing above 64,500 to establish it as a new support level.
In the hourly chart, the short-term volume profile indicates a potential resistance level at 57,718 and a demand block at 53,000.
The S&P 500 had a bearish close for the week, with the price level around 515.50 acting as a significant support.
The main high timeframe levels for the S&P 500 are identified at 524.475 and 517.1, with a target for a downside move to 512.65.
The NASDAQ appears more sideways on higher time frames, with a range between 18,040s and 18,070s.
Key high timeframe levels for the NASDAQ are 18,623 to the upside and 1,853 to the downside, with a focus on a strong daily close through either side for continuation.
The Euro-US dollar Forex pair has broken through the 1.75 level, confirming a downtrend on higher time frame charts.
The trend lines for the Euro-US dollar pair are becoming more parabolic as the downtrend momentum accelerates.
Gold market is expected to react to the Israel and Iran conflict news, with a potential downside risk of retracing to the 2,320 low volume node support.
The speaker marks a new resistance level at 2,350 for Gold, following a big bearish rejection.
The video concludes with a call to action for viewers to check the description for more information on trading courses and discounts.