Commodity cycle I've been talking about has been starting. Sugar just breached monthly resistance and every other commodity is going wild.
Large bull flag, dipping to back test weekly support would set it off.
I'm eyeing this nice gap. Price inefficiency from the tesla pump. Combined with the largest bear div in bitcoin history on the 3D chart. I think there's a solid chance we see some bud here. Not shorting, but getting ready for a dip.
FTX is about to burn 5 million dollars worth of tokens and FTT just had it's most sizable correction in weeks. Not sure I want to buy here yet as bitcoin is overdue for some correction and FTT tends to follow.
Trendline support with the anchored vwap. Obnoxious EOM option flow calling for 60-70. Bitcoin looking very bullish.
That 1.618 is begging to be tapped. New weekly OTS pivot is bullish and I think this will break up out of the wedge.
The panic pump of WSS has faded and silver is back to macro ranging. Someday it will resolve but I imagine range lows will be visited if we don't hold 24. I'm still long from november. Option premium starting to sting a little. Long term it's still going up. Yields need to stop going up so metals can do their thing. Ideally DXY bounces only a little further and nukes.
Just wanted to note that for the first time the 70 EMA on the monthly has been a solid long term "buy the dip zone" since the 2018 lows. It may be months or years before it ever comes into play again.
Not saying this is *going to happen* but it wouldn't surprise me if it did.
Google for the schematic but I think this is the final rinseout.
Measured move gives us a hefty target.
PA on Silver looks remarkably similar to Bitcoin's nuke to 9600 and eventual run up. March calls on the menu.