Moon_Rocket_Capital

Moon_Rocket_Capital

FAANG continues to lead the market out of the depths of hell; now piercing +6% on it's previous all time high. Whilst a lot of what is happening at the moment is sheer insanity and pearl clutching hope for brighter days - FAANG actually makes sense of a rally. Over the last few months, every one of these companies has seen a spike in their userbase, and for the...

Moon_Rocket_Capital

SPX is now within 5% of it's all time high; on a V shape recovery.

Moon_Rocket_Capital

NCLH up 40% since the last update. The top side of the channel is filling up a lot; a pull down into the lower half should open up opportunities to reset long positions.

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NCLH was ravaged as with all cruising companies, however their cash holdings provide plenty of support to be able to weather this period of uncertainty. The chart is showing a really nice recovery with the rising channel holding firm. Nice 10% jump day-on-day.

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XJO on a tear since breaking resistance. Turns out -0.3% GDP is bullish. Madness.

Moon_Rocket_Capital

TOTAL market cap is in a medium term uptrend, holding the lower band well. RSI has bounced up on the recent move, which is a bullish sign.

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GOLD recovering from it's recent pullback. Too early to see if this is prolonged growth of just an unnerving hedge.

Moon_Rocket_Capital

USOIL up 30% from the break of the resistance.

Moon_Rocket_Capital

DXY rallied up yesterday before whipsawing back below the trend. Could be a sign of a price support.

Moon_Rocket_Capital

SPX continues ignoring that rome is burning.

Moon_Rocket_Capital

DXY stuck in a falling channel. 98% fit.

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Something a little different today, as we look at the BTCUSD rally within a little more of a mathematical approach. This is a log10 regression of the close price for the last ~325 candles (6H); with an upper and lower bound of 2 standard deviations from the mean. In a true randomness; we expect expect a result to full within +/- 2 standard deviations around 95%...

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BTCUSD broke down from it's rising channel; just before the daily close. If we zoom in the time frame; we can see that the falling price is acting rationally. Aggressive traders could look for a long at the lower quarter line - though the more cautious play is to wait for a test of the bottom/8500 (which ever comes first). EW enthusiasts should be very interested...

Moon_Rocket_Capital

BTCUSD pulled back from the $10k resistance and has nicely reset to the lower quarter trend line. RSI has also dropped down too, which should give the bulls plenty of overhead room to push through and break that resistance. Top of the channel is now reaching ~11.5k so there is solid upside available on a breakout too. #crypto

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USOIL has finally broken through to the $29 resistance and following it's trend nicely. Likely on the back of the US slowly coming out of hibernation; but still a very long way to recovery...

Moon_Rocket_Capital

SPX gap yesterday demonstrates just how desperate the market is for good news. It also shows that the sentiment is probably in favor of the bulls right now; with investors figuratively banking on central banks bail outs propping up any long term sustainability issues. In my opinion, this is insane thought processing, as we see more and more governments shifting...

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BTCUSD hitting resistance at 9800; and RSI is showing a minor bearish divergence. With the longer upward trend; I am looking for a hidden bullish to form in the coming days. For short term traders, this will likely present in a pullback on the short term that can be scalped. Anything below 9200 would invalidate this theory. #crypto

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BTCUSD wicked down and got bought up just as quickly. RSI still warm and patient bulls would be best interested in a cool down and reset. Bears are trapped in the middle with risky upside though; so shorters must be very careful. Trend favors the long, just not yet. #crypto