Top Analyst Says ‘Sketchy’ Stock Market on Brink of Correction, Warns Equities Could Send Crypto Lower - The Daily Hodl

Analyst Bluntz warns stock market looks "sketchy", could spark crypto selloff
Bluntz says S&P 500 struggling at 0.618 Fib level after bearish 3-wave bounce
Bluntz previously predicted Bitcoin's 2018 bottom, now sees more downside to $23K
At time of writing, BTC is $25,814, S&P 500 is below key 0.618 Fib level
Bluntz advises caution - "not the time to be long" on stocks or crypto

dailyhodl.com

Relevant topic timeline:

8/22/2023

Macro Guru Raoul Pal Predicts Imminent Stock Market Bottom, Updates Outlook on Bitcoin and Ethereum - The Daily Hodl

Former Goldman Sachs executive Raoul Pal predicts that the stock market will soon hit a bottom, with the S&P 500 entering oversold territory, and expects institutional buyers to step in and establish a market bottom; he also suggests that Bitcoin and Ethereum are showing bullish signs on certain indicators.

8/23/2023

Opinion: 4 reasons to start buying August stock-market weakness — and what to buy

Investors should buy stocks during the August market weakness as the current pullback is just a healthy correction in a bull market, supported by economic resilience, technical analysis indicating an upward trend, insiders turning more bullish, and cautious investor sentiment.

8/29/2023

Top Trader Issues Crypto Warning, Says Next Bull Market Not a Guarantee – Here’s Why - The Daily Hodl

There is a possibility that digital assets may not witness another bull market, according to a crypto strategist who is growing skeptical of the market's potential for a bullish reversal this time around, citing a lack of real-world use cases and the failure to deliver on promises. However, another investor remains confident that a crypto bull market is coming, predicting a potential decline in prices before a new bull market begins.

9/8/2023

Google and Amazon Poised to Lead Next Bull Market as Stocks Recover

A bull market is expected to come after a bear market, and investors are advised to buy stock in Alphabet and Amazon, two companies that have recently split their stock and are likely to benefit in strong market times.

9/18/2023

Stocks Waver as Investors Await Fed Meeting; Li Auto and Arm Holdings Slump

The stock market weakened slightly as investors remain uncertain ahead of the Federal Reserve's meeting this week, with eyes on the tone taken by Federal Reserve Chair Jerome Powell during the post-meeting media conference.

9/21/2023

Stocks Sink as Rates Rise, Economy Slows, and Uncertainty Builds

Investors are selling and bringing the market down due to reasons like interest rates, macroeconomic weakness, fear of giving up on gains, the Federal Reserve, the political climate, and potential strikes, according to CNBC's Jim Cramer.

Topics

Posted 9/6/2023, 11:45:41 AM