AS PREDICTED - 10% CORRECTION BEGINS
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- čas přidán 2. 06. 2024
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I hate to say it man but you’ve become the best counter trade, every single time you say it’s going down it does the opposite.
Your comment literally makes zero sense, you either don't watch the videos or you are massively negative in your trades if you have traded against me in my shared trades. We longed BTC on this channel Oct 23rd for a 55% gain, shorted it recently for a 21% drop. And last video talked about SPX topping out at 5067 which it did to the dollar and fell 130 points in less than 24hrs. Up your troll game, or watch another channel bc you don't understand the content.
Dude, Brendan owes you nothing. Having a top at ~4950 is “mostly directionally correct.” Market always overshoots. If you dont learn to filter the CZcamsrs yourself, you are guaranteed to lose money. Learn to do TA yourself, this man inspired me to read an entire book on Elliott wave
@@davidcai8334 dude @strixgames4423 owes you nothing. he's right that the 10% correction didn't come, just do your own DD
Thanks! Love your TA
Hey Bonnie thanks for watching!
Thanks for the video! Isnt it too early for a parabolic run for btc? Are yu expecting a pullback before the halving?
Yes I said in the video, when the markets correct into March I expect BTC to correct as well before they all move up into late March into April.
New sub, thanks for the great concert.
Hey Bobby, thanks for watching bro, hope you find the content useful
Thx🎉
Whats Your thought on David Hunters melt up theory?
Hey Brendan! Do you see btc make a last fake pump the die down? Still have Wednesday now.
Hey Colin, thanks for watching. We talked about $51,8 in YT as the next resistance line, and as I am writing, BTC is at it now or just above it. If it continues to move up it could go to $55-57k as a top. As I said in the video I don't have a trade on BTC yet until it makes a pattern. All good things come in time, just like that diamond break out. Need something to form first. When markets really start to break down - we are in topping process, you will see BTC top and drop as well.
The Best Intro so far!!!
Hey thanks thanks Lee is really proud of that one!
So much alpha, thank you mate
Thanks for watching!
Hey Brendan, what happened with 3150 SPX target??
Watch the videos, that's a summer sell off. Here we are expecting 8-10% correction to 4500-4600
Up 33% td because of you thank you for your insight.
Nice work Junior!
Also do think we should get out of market before / at halving . ?
Hello I laid out the price moves I think will happen in markets in this and previous videos, a summary:
- SPX is beginning it's 8-10% correction and will bottom in March, push to a new ATH in March April.
- I have BTC correcting with SPX moving to $32-35k then moving to $62k area in late March early April.
None of this has to happen, it's my view based on the pattern the market is making with its current late cycle behavior and previous market patterns.
As to what you should do, that's not my place to say. That's for you to determine what's best for you. I'm short in these markets and will long when I think the bottom is here in March - which I think will be around mid March. Thanks for watching!
So far so good! Great CALL! Blessings to ALL!!!
Hey Peter have a great weekend bro
Looks like it will break the recent ATH if there's continue to be more buying pressure within the next 4 trading days. Yesterday maybe a missed buying opportunity . SP to hit 5400 with a few more minor 1-2% pullbacks along the way.
@@mikes.2471 Diff views make a market. Market dropped 130pts 2 ticks from my target I shared in a matter of hours. I wouldn't say it was a missed opportunity, I would say it was a fantastic trade. You are heading into the two weakest weeks of the year where you have corrected an average of 8-10% + over the last 4 yrs and in the current wave set. Buying here is buying a top in my view. Market will come down to 4500-4600 and that's a buying zone.
Great video as always! I do agree with your overall view on BTC however I'm not expecting new highs after hitting 33/32k. I think we might get a retrace to 40/41k (maybe slightly higher) and then continuation to the downside into 2025. My ultimate target remains 9-10k. The latest CPI & PPI prints clearly showed that inflation is sticky and a "soft landing" becomes less and less likely. I think there is even a chance that we enter a period of stagflation which would be the worst case scenario...
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Thanks for the video. Now i am learning trading and this video is very for my learnings. Thanks!
Glad to hear that!
Major meltup coming with a few minor pullbacks along the way, riding along BTC melt up. Crazy times like y2k.
I agree big moving coming, pull back is coming first. Going to be fun trades
Do you think we get a rate hike March 20 (FOMC meeting). I know you said first correction in March then a rally after; and perhaps another hike in June (FOMC 12th) perhaps? I know that getting closer to the election Biden will want to pump up the market for voters; as you said bullish after the summertime.
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Great call Brendan I was thinking of you when I saw the market sell off. You should have started the show with that song I'm the man I'm the man yes I am. Not many saw it coming. Even Andrei jigh with 2.3 million subscribers. Put out a video yesterday saying that this market will just keep making all time new highs. No clue a pull back was coming.
Hey Mark, I thought it would happen 1-2% ago for perfect market symmetry, but better late than never. Hope to see a tradeable rebound here next day or two. Have an excellent weekend my friend! 🍻
Legend!
Hey Saga, thanks for the kind words - have an excellent weekend
Hey Man, thanks for your consistent content.
So I am DCAing up right now expecting that BTC is headed to ATH before halving after halving going back to 20 k ?. Are we still looking for BTC going to Correct about 50 or no more going back ?
Hi Psych, I don't have that market view - you may be right, and I may be wrong but my market view is this:
SPX is beginning it's correction of 8-10% with a bottom in March, then pushing up to it's ATH March/April before next round of selling.
I believe BTC will correct with the market, as it always does, even today sold off with the SPX. For me, BTC will fall to 32-35k then move up to $62k ish for a March April peak I covered in the video.
Don't let my view influence your own strategy, it's just how I see the market playing out. Thanks for watching and commenting
@@MarketMakersOfficialalready wrong on BTC
@joshmahony1600 BTC literally pumped to the 786 which is 57,555 after this video came out - which was the target I was calling for as next potential resistance - and currently is below it. You should watch the video before posting.
The chart looks more like the top at the end of March 2000 right now to me.
Be great since I'm short lol
I still think market will correct first and FOMO kicks in like Y2K and people buy and send her up.
There are a lot of market risks and bias is heavy to downside - credit event, black swan, geo política etc.
Thanks! Love your TA
I have some questions about membership. Can Mr. Li also be reached via email?
Hey Andy, it's just Lee, he's in Wales in the UK. If you go to MarketMakers.trade that's our website, has an email there. I'll tell him to check the inbox. Thanks for the message
@@MarketMakersOfficial I registered on the homepage but unfortunately couldn't find an email address.
Nice and very informative video....just to clear the air here, do you think and from what you see from the charts BTC won't hit ATH and if it does will be around $70K and then head back down with the stock market and there will be no blow off top for crypto market as we have before. Thanks
This should be beginning of 8-10% correction in SPX - which should drop BTC to 35-32k (38k bullish possible case-not my base case).
Market typically bottoms by Mid March, SPX should move to take out it's ATH by late March into April, carries BTC based on my targets to $62k. Could it go higher? Sure it's Bitcoin. My targets are based on proportional moves, market geometry, measure by harmonic expansion which is Fibonacci.
We will know more when we have actual candles at a bottom, for a projection based off the bottom.
Thanks for watching, hope that helps
@MarketMakersOfficial thanks for your time to answer back. Respect
Thx brandon
Hey Dave have an excellent weekend!
Hey great work Markets Maker guy. You are the person who inspired me to study Elliott Wave! What’s the name of your mentor again? I’d like to know how your fractals differ from Elliott wave.
I am also using -13% from top tick on NDQ like you, but I see it possibly overshooting a bit. But down 13% is the base case. I have buy zone at 4400-4460 SPX. And if it overshoots these guys will give you hate again, I will try to support
Maybe try to place your buy zone slightly below where the masses have their stops. (I know im in no position to give tips as you are my idol). But you will get hate if the target is too conservative, idk how you can protect yourself. I saw your 4400 spx, considered it, that is trendline support & likely will be used to take buyer stops
Hey David, I didn't see this comment..last few vids got a lot of comments. Fractals are self repeating patterns. Elliot Wave, the way most people trade it is based on rules from Robert Prechter and AJ Frost - it's not the original EWT developed by RN Elliot. Nothing wrong with it, but I don't use EWT. Dow, Hann, Gartly, Wyckoff, all the early genius traders wrote about and used waves in their trading. I use waves, but based on market geometry, symmetrical moves, and based on wave form patterns in natural law - so 3 wave patterns, such as an ABC or a double top. And 5 wave patterns, an example would be a head and shoulders, W and M patterns.
Fractals, can be a single move of same proportional metrics, or multiple moves - such as my wave pattern I'm sharing now, 20% up moves, 10% corrections.
Bill Williams was one of my trading mentors in the 90s, when he talks about fractals he is using them as a trading range. This is a big topic to get into here on a YT comment, but I'm going to be making a video soon on the topic and you will see more of what I'm talking about.
I have been DCAing for a while into crypto but have not bought anything for a while. Im not a trader. Do you think March will be the best window to buy this year or will the summer sell off go even lower in your opinion?
Hello, I expect BTC to correct here late Feb into March with the markets, then push up into the 60k's with SPX making new ATH late March into April. Then summer sell off. This upcoming move in markets and BTC is a correction, not a massive crash. Bullish case BTC falls to $38,5. Bearish case for correction, looking at $32k ish. The summer sell off will be larger as the markets will move to take out their lows as they have for 100yrs of history when recession reality kicks in - there are no guarantees for any of this, I base my view on market history and how closely we are tracking to previous seasonal patterns and Y2K fractal. You should do what's best for you, but this is my view.
No one seems to want to sell BTC... what and when would cause hands to loosen?
When markets pull down BTC will too just like 2022. This is just a small move so far
Is that a green screen OR is that your yard? Nice view for a ranch
Green screen my man I don't have a studio, just a laptop and cattle. Lol
What movie was the opening from???
It's a compilation of clips, but the monologue is from The Killer on Netflix
I don't really take -10% as a correction. But hey, that's just me. I guess because while trading, many times you see 5-10% hikes or selloffs as a part of usual market. What do you think about market liquidity in 2024?
Yeah depends if you are an active trader or not. 500 bars is a huge move. If you consider since 2008, avg return of SPX is 8-10% for an entire year, you are making an entire years returns in one trade. Thanks for watching!
@@MarketMakersOfficial Indeed. But no one is putting 100% of money in one basket. You may trade with 50% of your holdings and other 50% you are keeping as a reserve if anything goes wrong. While you are trading one stock, indexes or crypto-currency, you put maybe 3-5% of those 50% to work. You set few of different trades during week, and you get to 50%. But 3-5% is not 100%. But if you got balls to put all you got to one trade...I take my hat off 😄
Thanks! Exciting trading days. Don't forget it's Valentine's Day guys!
Only advantage of being single is today lol
Intro was 🔥🔥🔥🔥
Hey Rod, thanks man. Have an excellent weekend!
Love the Smiths 👍
One of my fav bands too
The smiths luv it bruv
Yeah they are one of my fav groups. Have a great weekend!
Is it ok to make your candles not hollow, so we can see the price movement better with red & green candles
Hey Greg I'll look at it, I just share my trading charts I find colors distracting when looking for patterns but maybe I can do it for YT
I am the sun And air
@@MarketMakersOfficial no worries thanks, personally I use Heikin Ashi candles and I have found they are absolutely Top Notch for showing the start and end of trends on any time chart. And the Heikin Ashi candles get rid of all the distracting noise the regular candles show. Heikin Ashi candles are pure Gold.
Very prescient, well done.
Hey Cap, thanks for watching my man
My pleasure.
I'm eye-balling that gap at $1849 in COMEX gold, in 40 years I've never seen a gap not closed. Investors scratched their heads raw the last few months wondering why gold stocks just never performed, look no further than that gap. They been underperforming knowing that gap gets filled and once gold finally makes a new ATH then and only then will gold stocks become the outperformers of the whole market.
In other words, October was a false start. Look at the descending triangle in the COMEX chart. A break under yesterday's low sees it broken and the target. Surprise surprise, $1848 or there about.
Yeah I'm watching gold too, nice write up my man.akes sense
@@MarketMakersOfficial Cheers mate. I think the gold sector needs one final washout to eject the last remaining diehard bulls, and it may come very rapidly.
Whilst the circumstances may differ, history has a habit of repeating, and I won't be at all surprised to see a repeat of the moves of February/March 2020.
Also keep in mind, the gold stocks almost always stage a large rally from either February or March. Am I to believe that this year will be any different?
It is just a case of the level from which the rally commences.
10%? Juuuuust wait till about March or April folks. Love your vids.
Hey man thanks for watching!
I am Jack's Medulla OblongataI, I don't give a phuk! Great job Lee and B, keep up the amazing work. Fyi we need a Fight Club opening soon.
Hahaha when I read this I told Lee that's our next clip
Cant wait for your net video for bitcoin update. btc eploded!
Yeah it went right to that resistance line we went over in the video, 31,800 level of Fib. If that doesn't hold we will be at $55k. Be interesting to see how this plays out. Thanks for watching!
13:11 😂 ye it is literally your 1 fib
Yes it was the local low up to the local high at the time and matches the previous retracement
Thanks guys!
Thanks for watching Caroline! Have an excellent weekend
Look at the monthly rising 200sma. Price will pullback to that at Dow Jones 22,000 or 37%. Same in 2030 with a 49% sell off down to the 3 month rising 200sma at Dow Jones 20,000
Hey my man, I agree it's a bubble, I agree it's going to collapse and at a minimum take out the market low, as it has every single recession cycle in history - the difference is, I don't think this is THE crash, I think we are tracking identical to Y2K, and the market has gone full ret@rd, and just like in Y2K, will buy this 10% sell off, blow off the top, then red summer.
@MarketMakersOfficial I'm looking at 1969 as the blueprint to this whole thing. Same exact set up.
1962 crash into weekly 200sma
2020 crash into weekly 200sma
2020-2022 100% rally
1962-1968 90% rally
2022 top then 22% correction with October low
1966 top then 26% correction with October low
2023-2024 34% rally inside bearish rising wedge
1967-1968 35% rally inside bearish rising wedge
1969 37% sell off into rising monthly 200sma
2024 37% sell off into rising monthly 200sma
@@haneyguitarinstruction6260 yeah that's a great pattern, the Nifty 50 bubble. What I like about the Y2K fractal, is it's literally another tech bubble - internet in Y2K and AI now. But, point to you as the inflation picture marries better to the 1970s. DJI peaked I think in 1969, and didn't make new high until 80s
@@MarketMakersOfficial It's both the tech bubble 2.0 mixed with the 70s inflation. We are in a Secular Bear Market and won't break out to new highs until 2041. I have a price target of SP500 12,000 by 2052
I am still waiting for S&P of 3,200 or in the 2,000s.
That won't come till Summer sell off when market takes out the lows.
I'd love to see your take on NatGas - huge buy opp IMO at 1.44 for likely 2x over 90-days
We have a lot of guys trading it in the room, the widow maker. Yeah I'm going to rotate in some commodities
I'm in hedged at 1.73
ADD Long at expected 1.44@@MarketMakersOfficial
Thank gosh
Hey John, have a great weekend 🍻
TZA
Great call, B
Hey David, thanks man, let's see how it plays out. High hopes!
So no more 10k anymore 😊
Ouch
Damn i think bitcoin going straight to 60k amd stock making another ath
Yeah BTC is chugging along. If it can stay above 51,8 it will go to 55-57k
@MarketMakersOfficial I really hope market pulls back before going to 5400 or 6k
May we print like the FED does !
Thanks Brenden
Hey Cross have a great weekend!
Are you using fake background?
Mr Teeth
Hahahahaha
You guys ever get tired of producing great videos?
Hahahaha don't let Lee read that, he will get a big head. Have a great weekend!
Watched this intro movie just this sunday👊
name of movie ?😇
10% is not enough mr.marketmaker 😂, make them markets drop 20% so we can ladder sheeet lmao
Hahahaha
10% correction? More like 37% sell off
Go study 2000 & 2007 please. That blow off top will blow your account. You can thank me later
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Have an excellent weekend bro
- 300 %
LYT is dead special meeting r/s . maybe ROI will run with SOUN other in favor AI... peace. .
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The Fibs don't lie bro... That April 4800 S&P put is looking genius today, isn't it?
Fibs never lie my man
Ur tripping lol wait till we get Goldilocks data and fail to go up. That will be the short signal
Tripping about what? I think we are going to correct 8-10% down, then move to new ATH, then sell off. Just like we did in Y2K.
If you can't wrap your head around 8-10%, it's literally the same correction we have done in current waves cycle, and this time frame and % is the same over the last few years. Market history.
@@MarketMakersOfficial I agree a pullback is long overdue but if you’re early you’re wrong. I personally need market confirmation the top is in and what I specified in my previous comment is my market confirmation that the top is in. I suppose my previous comment was a bit crude, I’ve just been hearing we are going to pull back for the last month with it yet to happen
It's been an unreal push up for certain. It's all good man have a great weekend
So refreshing once again.
Your subscribers should 30x!
Keep up the enthusiasm!
Hey Kory, thanks for the compliment! Have an excellent weekend my friend. 🍻
No correction
What planet are you living , you think market only go up ?