ZEREBRO on track from previous analysis There is an ABCDE Wave Correction in the Elliott Wave Triangle Correction
Thanks, I started taking profit partially around 75% 25% is still running just for fun
Reason for taking profit: - hit target conference of Fibonacci 0.382 - 0.5 & Exponential Moving Average 55 at Hourly (4H) timeframe
What next move? - if ZEREBRO shows a rebound to seek a lower high (dead cat bounce) maybe I will look for entry points again to add short positions - if there is no momentum, I will chill and look for other coins & say thanks to ZEREBRO
Bitcoin $BTC has the potential to visit the range area of $73,000 - $70,000.
Reasons: 📌 Currently, Bitcoin has not been able to rebound significantly to break out of its selling pressure trend 📌 Impact of uncertainty from the global economy 📌 There is an Expanded Flat Correction pattern based on Elliott Wave Theory. Where this pattern consists of ABC Correction made up of wave A3-B3-C5 (abc-abc-12345). 📌 Confluence of the golden ratio between the minor and major Fibonacci Retracement
Update Explanation regarding Data Release Summary of Economic Projections March 19, 2025
GDP and Unemployment are projected to decline. This indicates that the US economy is experiencing a slowdown.
On one hand, Inflation is projected to increase further in 2025 due to the effects of tariff wars from Donald Trump. All industries will experience price increases due to the tariffs imposed by Donald Trump.
In fact, this is quite bad for risk assets; the current market increase is due to Jerome Powell (The FED) mentioning the end of QT (Quantitative Tightening), so the market still concludes that this remains Bullish. (Not sustainable due to uncertainty in the US economy).
Quotes from The FED that have caused the market to react bullishly at this time: 📌 Fed says it will slow the pace of balance sheet drawdown next month 📌 Fed shift comes amid less clarity over money market conditions 📌 No sign yet Fed ready to end quantitative tightening
Update Data Release Summary of Economic Projections March 19, 2025
GDP and Unemployment are projected to decline. This indicates that the US economy is experiencing a slowdown.
On one hand, Inflation is projected to rise further in 2025 due to the effects of tariff wars initiated by Donald Trump. All industries will experience price increases as a result of the tariffs imposed by Donald Trump.
This is actually quite detrimental for risk assets; the current increase in the market is due to Jerome Powell (The FED) mentioning the end of QT (Quantitative Tightening), so, as a result, the market still concludes that this is still Bullish. (Not lasting due to uncertainty in the US economy).
Quotes from The FED that have caused the market to react bullishly at this moment: 📌 Fed says it will slow the pace of balance sheet drawdown next month 📌 Fed shift comes amid less clarity over money market conditions 📌 No sign yet Fed ready to end quantitative tightening
My new Investment Watchlist (BRK.B) Berkshire Hathaway
You can enter when a crisis occurs; historically, BRK.B has always corrected significantly by about 28-55% when entering an economic crisis, such as due to the DotCom bubble, subprime mortgage, COVID-19, and rising interest rates.
FYI: Berkshire Hathaway is a Holding Company that has Warren Buffett in its ranks.
If you play it safe & allocate funds to assets that can be considered safe, but still have a fairly large capital gain year over year.
This is a continuation of my previous post on macroeconomic analysis. You can check that on my profile.
In this post, there is important information that you should understand that based on the CME FedWatch Tool, the FED will not cut interest rates on March 19, 2025, remaining at 425-450 basis points, with a probability of reaching over 90%.
You should also pay attention to March 19, 2025, as the FED will also release economic projection data for the future, called the Summary of Economic Projections.
This SEP itself is a projection and reference for the Federal Reserve's plans for interest rate cuts and how many times it will happen in 2025.
Scenario 1 = Bullish If the FED revises the interest rate cut target by increasing it up to 3 times to the range of 350-375 basis points, and is also supported by the Median in its Dot Plot showing the same. If this happens, it will align with what is shown by the CME FedWatch Tool. High-risk assets such as technology stocks and Crypto (Bitcoin) may become attractive to look at.
Scenario 2 = Bearish The FED does not revise at all and remains at 2 interest rate cuts in 2025, or even reduces the interest rate cut plan to only 1 time. If this happens, a major crash will occur and the likelihood of recession will increase. Safe-haven assets may become the best option to secure cash.
Continuation of the analysis results from my previous post
The US economy is weakening, but it has not yet reached a recession. However, there is a possibility of a recession occurring if The FED holds interest rates too long.