Want to become a better trader and investor? Do these 3 things:

1) Sign up for our FREE newsletter: https://chrisdunn.com/daily-dough
2) Subscribe to our We Talk Money podcast: https://www.wetalkmoney.com
3) Join our Wealth Building Community: https://chrisdunn.com/community

In this video, we dive into the recent massive short squeeze in the stock market, analyzing its implications and potential future impacts on stocks, cryptocurrencies, and possibly the broader economy.

We examine the S&P 500 chart, discussing its critical 'do or die' zone, and explaining why, based on technical indicators like the 100 and 200 period moving averages, we might be re-entering a bull market.

Contrary to mainstream media's recession narrative, I point out the strong price action in the market, buoyed by new inflation data and Federal Reserve rate expectations.

We also explore the correlation between the stock market and Bitcoin, highlighting Bitcoin's recent gains and pondering its potential to catch up with the stock market, particularly considering the upcoming Bitcoin halving. I analyze the FANG+ index and its notable cup and handle formation, indicating strong performance by major tech stocks.

Then we dive into the broader cryptocurrency market, focusing on altcoins. Using the TOTAL3 chart, which excludes Bitcoin and Ethereum, I assess the signs of an upcoming alt season and the challenges posed by regulatory actions and public perception. I share insights from a range of charts, including Ethereum, and discuss the performance of other large-cap cryptos like Solana, as well as my watchlist of cryptos showing strength relative to Bitcoin.

I touch upon the NFT market, sharing my views on its potential, particularly in gaming NFTs.

00:00 - Stock Market's Massive Short Squeeze
00:30 - S&P 500: Do or Die for Stocks
01:02 - Technical Indicators Signaling Bull Market
01:34 - Inflation Data and Market Implications
02:08 - Price Action and Market Expectations
02:42 - Bitcoin and Stock Market Correlation
03:21 - Bitcoin's Potential Bull Market
03:56 - FANG+ Index and Tech Stocks' Performance
04:35 - Bitcoin Catching Up with Stock Gains
05:10 - Signs of an ALT Season in Crypto
05:46 - Regulatory Headwinds and Public Sentiment
06:21 - Market Sentiment vs. Price Action
06:53 - Ethereum's Resistance and Market Patterns
07:25 - Large Cap Cryptos and Watchlist Analysis
07:56 - NFT Market Trends and Potential
08:25 - Searching for Breakout Assets in Crypto
08:58 - Bitcoin's Breakout and Stair-Stepping Action
09:34 - Trading and Investing Opportunities

=====

#bitcoin
#altcoins
#cryptocurrency

Get my FREE investing newsletter: https://chrisdunn.com/daily-dough

Subscribe on YouTube:    / chrisdunntv  

Subscribe to the We Talk Money Podcast: [https://wetalkmoney.com](https://wetalkmoney.com/)

Join our wealth building community for investors and entrepreneurs: https://chrisdunn.com/community

Connect with Chris:

Twitter:   / chrisdunntv  

Instagram:   / chrisdunntv  

Cryptocurrency Resources:

- Best charting platform: https://chrisdunn.com/tradingview
- Free Bitcoin basics course: http://chrisdunn.com/bitcoin-basics
- Crypto trader & investor community: https://chrisdunn.com/community
- Buy Bitcoin at Coinbase: https://chrisdunn.com/coinbase

=====

Disclaimers:

- I'm not a financial advisor, attorney, or tax professional, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. Do your own due diligence, and take 100% responsibility for your financial decisions.
- I will NEVER ask you to send me money to trade for you, directly buy or sell cryptocurrencies from you, or pump a specific market. Please report any suspicious emails or fake social media profiles claiming to be me. See this blog post for more info: https://chrisdunn.com/impersonators
- Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- My videos may contain affiliate links to products I believe will add value to your life.
- Read the full disclaimer here: https://chrisdunn.com/disclosure/