FarzadGm Looks like no Saylor buys from last week either, got reported today bc of labor day. I also removed the BTC bids we had up. Unlike ETH I think this BTC charts looks worse. We’re basically in thiis 76-81K range and usally trading in the middle of it it…
Visiting the range lows on BTC now, need this to hold or only wick under if anything & close back above. Close below here on like a higher timeframe and it’ll get ugly imo
FarzadThere’s some big data/numbers coming out within this next week, CPI/PPI, and FOMC and affects markets a lot so hoping for some dips because of those and we can position into that
GM PPI numbers came out 50min ago & market fell a bit on that. Very happy I cut ETH where I did or else would have got stopped out and lost way more. CPI numbers also come out tomorrow morning at 8:30AM EST
There’s some big data/numbers coming out within this next week, CPI/PPI, and FOMC and affects markets a lot so hoping for some dips because of those and we can position into that
Posted about this the other day, ETH been crazy strong and looks so primed to breakout. Matter of when not if imo. So I wanted to get long here with a decent wide stop and let’s see how it plays out. Reminds me of hype chart consolidation before it broke out also
Looks like no Saylor buys from last week either, got reported today bc of labor day.
I also removed the BTC bids we had up. Unlike ETH I think this BTC charts looks worse. We’re basically in thiis 76-81K range and usally trading in the middle of it it just asking to get chopped up and lose, so I will wait for either the range highs or range lows here. On the other hand ETH has been much stronger but rejected from this $2,520~ area like 6 times now, each tap of that makes it weaker and same case goes here, anyone who has tried to long any of those breakout attempts just ends up taking an L, so for ETH too I want to see a true break of $2,520 before longing or buying spot.
Gm, I was out of town for this weekend but now we’re back at it. Market was really good this weekend for alts and I couldn’t really look or trade it much but a lot of things caught my attention. Only thing I caught was this and I forgot to share it here 😭
Gonna catchup and post a Sunday update later today. Let’s make some money this week 🤝
NFP numbers came out this morning way higher than expected. Think that spooked the markets a bit, and now rate hike chances are higher from what I spoke about yesterday.
Catching up on a bunch of info from this morning, looks like the chance of no rate hikes seem to be a main driver of the BTC move today and with odds coming down, it is better for market and crypto overall, gold as well. Might not be a rate hike in september after all. Odds are in favor for rates staying the same whereas it was higher just yesterday so we take that. $82-83K gonna be a hard spot to break but once we flip that and MA50 on the weekly things can get crazy again.
