Recession, inflation..S&P 500 and BTC will fall in 2 weeks❓

Hi friends! In this idea i`ll show you only the facts about S&P 500 and current economy situation according to companies reports for Q2. As you all know BTC copy stock market movements so if it will fall, crypto will fall as well.

📊Let`s begin from the idea i made for you 2 weeks ago. The HUGE amount of traders was expect the fall to $320-350 levels. As you can see the price stopped close to the support#1 area and break the falling wedge. The S&P 500 exactly copies our scenario and already reach $413.

If you had used this scenario two weeks ago, you would have gotten:
1️⃣ an average annual return of +13% for the S&P 500 in 2 weeks
2️⃣ bought the S&P 500 index at a discounted price of 2021 and could have continued to keep it on your balance, if you use conservative ways of trading or investing

📊 So why the "recession" didn't affect the price of S&P 500? The classic term recession means a drop in economic performance for more than two consecutive quarters, which is exactly happen this time. But, let's look at company Q2 reports, because if the economy is in a recession, then the reports must be terrible:
🔥avarage earnings growth +8.8% vs. 4.1% expected
🔥avarage earnings growth of +14.9% vs. 10.1% expected
🔥+500,000 additional jobs

Additionally:
🔥 USA begin largest energy partner of EU
🔥 oil prices fall for 28% from $128 to $87 per last 6 weeks

🚩And the last, there have been many such recessions over the past 30 years but in 52% of cases the market has continued to grow. Just the facts. So is it recession or not?

📊 Also you can check this idea for BTC and S&P 500. Of course the price can make a pullback from $420 key level but with a 95% probability will continue its growth.

📊 Will BTC reach the 10-12k in this cycle? A lot of people expect the fall of BTC to $10-12k as it was to S&P 500 and $320-350 area but as you see this wasn`t happen.

Only if BTC will grow to 30k and a lot of traders open their long traders with huge leverages than trap might happen. Or something like war between China and Taiwan could affect the dump. But BTC price it will be the last what you will think about in this case.

🚩In any other case, BTC will rise or consolidate, as it always was at the beginning of the bull market.

✅We only have to take advantage of the opportunities the cryptocurrency market provides. I use DOM and Footprint to trade, which helps me identify the orders of the big players and open trades with them. In my opinion, these are the most undervalued tools in trading.

🔥Friends, write your thoughts about S&P 500 and BTC in the comment. Do you agree with me or you have smth to add?

💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.