The US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US...
Going over the Active sequence looking at clues for the longer term trend.
Going Over BTC QQQ NVDA SMCI TSLA ORCL NVAX AMC GME longer term. reviewing Price action and spending a bit more time in depth. looking for clues and levels where we should have been engaged and how to trade them better next time. Pain + Reflection = Wisdom. Pain + Reflection = Wisdom. CPI today remember we are Risk Managers #1 Priority.
5.1.24 I picked Bitcoin as an example of how I look at potential trades as a buyer or a seller using gaps the way I look for gaps and whether or not the market retest those gaps or not. I'm making my trade decisions by looking at bars on the chart not all the ancillary tools that you can put into your chart.... I don't use those tools because they cause conflict...
Going over the BTC chart its at a critical juncture. looking for clues to what the market is telling us.
going over the Price action BTC looking for clues from over the weekend. trying to see if any A+ setups.
4.29.24 I think the test was coming to an area where it's running into Sellers.... even though it's a bullish pattern... so I explain my thinking there. There's a little bit of a mixed message between the dollar which is going lower at the time I'm doing this video whether I would take a tradethe gold market. And I looked at the silver market... and I took a...
Going over the BTC chart longer Term looking for clues and how we could have traded it better.
the cme chart shows a clearer picture.. hope it works out!
It's a panic cycle.... so watch out for the weekly reversals
Bitcoin cme gap gets filled with bullish triangle pattern indicating futher price push in price of bitcoin
The last video was on point, we did close below 72201 on the weekly... on the futures contract...
This channel is not providing individualized trading or investment advice, nor is it a banking service, brokerage service, trading service, investment service or money management service. It is just an educated guess.
Going over our Main BTC chart. looking for clues to what the market is telling us and how we want to position for the next few moves & different scenarios.
I will be reviewing Bitcoin using my "Multiple Timeframes / Mutiple Factors" (MTMF) approach, covering Fundamental Factors like : CoT, Sentiment, Seasonals and Technicals like Momentum, Volatility, Relative Strength. ====================================================== RISK WARNING =================================================== There is a very high degree...
3.19.24 In this video I wanted to show examples of expansion taking into account differences between one market and another. The details are explained in the video.
The relationship between inflation and Bitcoin - they moves in tandem together, in the same direction. We saw Bitcoin has broken above its 2021 high, and it is likely to continue this trend. Many attribute the reason behind this rally to the approval of Bitcoin ETF by SEC in January of this year. While this approval serves an incentive, the core reason for...
Going over BTC since its breakout. looking for clues and trying to LISTEN to what the market is telling us. always know where you'll get out if you're wrong and dont fade the trend. thats our motto.