If you’ve been following along since June, we have spot buys ranging from 24-25k. Here I wouldn’t be advising people to be buying spot, not an optimal area.
However, based on price structure and volume I think we see 42k here relatively soon.
I wouldnt touch this until the $72-74 region. Even there i would hope to get in lower. Patience required for an attempt to long this. Not an area i would short either despite the title. Just think, a wait and see method is best for Oil at the moment.
Last oil trade we road from $66-67 area up toward $90. Lets do it again.
I like how this looks, a lot. I think 30k comes soon. I believe we just broke out of diagonal resistance and retested it. The performance of btc vs equities has been impressive, i also anticipate the grayscale lawsuit to be a big catalyst over the next week. SEC has until Oct 13th to respond to the lawsuit and its looking good for grayscale imo. If grayscale...
In my previous post, you'll see i was bullish on BTC before the whole middle east conflicts. I think this is an even better buying area as its currently is retesting support after the previous breakout. Theres a lot of panic going on, taking the opposite side of the trade has upside here.
If this area does fail. I will be looking toward the 25.4 - 25.6k region.
Pretty confident this is a great opportunity to short Meta. Daily RSI is looking exhausted, just reached a heavy resistance area coupled with higher sell volume than buy volume the past few days.
I expect a move down to $265, there i would reevaluate the chart. However you see the path i am bias on above. However, it could go to $265 and further push toward...
Did not notice that bearish weekly close that week. Pretty nasty candle. I am not advising a short here since we are $30 off the highs already. However, if you are looking to buy the safest area risk / return wise is $300 but more ideally the $285 area.
Typically when 7-10 stocks lead the entire market its bearish for the future, I am getting concerned we are...
Looks exhausted in my opinion. Denied by the 200 day ema twice after touching support. Still currently at support, wouldnt recommend shorting unless we see a breakdown. Keep it simple, dont short support. However, if we fall below 100.50 im looking to 96 at the minimum. Would benefit other markets.
Retesting resistance currently, i like this down to $1,800-1,820 as you would see in my past gold post. We have been pretty accurate following gold so far, dont expect much more upside before a further move down.
Across the board 10 year bonds look scary. The italy 10 yr is so clear i figured id publish it. Same with Cadanian 10 yr, US 10 yr. Central banks must be shitting themselves. It'll be an interesting next week or 2.
In my previous posts i called this move down to 27k. However, i didnt have the patience to stay with that idea. However, it ended up playing out. Lot of fear on the timeline right now, This is a solid support area, if it fails ill look to 25k. I think this will look like a great buy within a few weeks.
In no mans land currently, not ideal to buy or to go short. At a small resistance gap currently, if it pushes through i expect 290 - 300. Buy areas would be a pull back to the $210 region, or even better around $180 but i am unsure if we get it if the nasdaq doesnt pull back (is at resistance currently). Risk reward is not here currently, but im watching it.
Lose this this level, i find it hard to see how this doesnt retrace entirely back to the $40 region. If you want risk, $220 - 240 is a buying opportunity, sitting at 200 week EMA. But lights will be out below.
Only area i would be considering buying is 27k region for now. If we get that consider it a gift. I anticipate 31k breaks by the end of September. Once that goes there is a whole lot of open air up to 40k.
This is an ideal buying area for Oil, Buy volume on the 4 hr has been outpacing sell volume, typically what i want to see at trend reversals. Stop loss around $63 looks fine. A close below 65, i would start to look toward the $40 area. However, if the long plays out targets are T1:85 ish T2: 95ish T3: 110 ish
Typically my bitcoin posts don't get much engagement but the pace of the market makes it the most fun to follow.
In my past bitcoin posts i have conveyed the same idea above. I have called this consolidation under 31k throughout the summer for awhile now. I think we get one more buying opportunity before 31k resistance is tested and broken for a violent move...