Crypto
As we approach the FOMC meeting, it is crucial to deleverage as much as possible, given the uncertainty surrounding market reactions. Market participants are already anticipating a 50 basis point cut, which has driven traditional finance (TradFi) to new highs and pushed Bitcoin back into a safer zone, or just
Magnificent Tech Stocks
The Bulls are back! Yes, the dream team MAG7 stocks are looking f'n good. Now we have a macro confirmation with the Roundhill Magnificent Seven ETF $MAGS which closed last week with a bullish engulfing bar on the weekly timeframe. So what does this mean? RISK ON (we&
Magnificent Tech Stocks
✅ +32% combined profit Nvidia (NVDA) - bullish +17% partial profit already and stop adjusted at break even. As mentioned on our last report $100's was a must buy. Price has reacted quite well and $120's highs should be on its way. Tesla (TSLA) - bullish +9%
Commodities
Gold (XAU) Macro = bullish / short term = neutral Today’s daily chart close is crucial. We are currently at resistance from previous highs and need a strong price move above $2,530 for bulls to regain control. Must hold level above $2,500's. Silver (XAG) Macro = bullish / short term
Crypto
Quick Look into $BTC: The price has dipped below the yearly mid-level three times without significant downward continuation. Currently, both daily and weekly stochastics are at their lows, while the demand zone around $50k-$52k remains firm. Current Sentiment: * Sentiment is fairly bearish as we approach support. While Bitcoin has
Magnificent Tech Stocks
Monday’s Open Analysis Roundhill Magnificent Seven ETF (MAGS) Last week's close was just horrible. We had a bearish engulfing candle on the weekly timeframe which only implies one thing… The market is weak and we must BE CAUTIOUS. Short term we are looking for a quick bounce
Crypto
Market Review: Navigating September’s Trends Last week’s focus was on the US labor market report and its potential impact on Bitcoin and the broader market. The debate remains unresolved, which, in a way, could be a positive sign—if the debate were settled, it might indicate we’re
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✅ +27% combined profit 🚀 Gold (XAU) Macro = bullish / short term = neutral 2% short hit, great RR. Idea posted on last commodities report. The daily chart is showing bullish strength but there’s no need to jump in at market price as we are in the middle of a trading range. Price
Mid-week update. Nvidia (NVDA) - bullish We are currently at the ideal long entry, small market buy at current price will be smart. A retrace continuation towards $100 is still in play so DO NOT GO ALL IN. Dollar cost averaging your way in. Hopefully we see a strong reaction
The market has had ample time to process the recent significant drop, which, to date, is the most severe crypto market decline since the most recent lows, even exceeding the impact of the FTX collapse in November 2022. Given this context, it's important to consider what might serve
Its Labor Day today and the U.S. market is closed. What to expect for tomorrow’s open? Roundhill Magnificent Seven ETF (MAGS) As mentioned in last Monday’s report, the MAGS etf was showing weakness and was more than likely in for a short term retrace. The retrace is
Quick Update on Solana Things are moving slower than expected. For now, the price remains range-bound and is staying above the $125 level, which at least offers some reassurance. Let’s reestablish some basic key levels to watch for as we await increased market volatility. Weekly View: The price is
Gold (XAU) Macro = bullish / short term = bearish We are making a small profit on this one. On the daily we did confirmed a bearish engulfing candle but was then reversed by price trending higher. Lower timeframe is telling a different story right now. Smart to take profit on our long
Quick Update on the USDCAD Pair: Things are progressing according to plan. As noted in the previous post, the pair turned bearish following a strong rejection at the multi-month resistance area. What’s New? The daily downtrend has just expired. We could see a relief bounce towards the mid-range level
Mid-week update Nvidia (NVDA) - neutral Nvidia releases its Q2 2024 earnings report today and everybody's eyes on here. Most stocks will move depending on today's earnings report so be careful. Price action wise we are at key level. We break above for bullish continuation or
PEPE Although there wasn’t much action on this pair, it did trigger a buy above the $0.000008 level. However, the return was minimal, and it failed to hold above that level, returning to its starting point. Our new bid level is $0.0000065, which is part of the
Monday's Open Roundhill Magnificent Seven ETF (MAGS) Prices have not been able to break above resistance and we just closed the daily chart on Friday with an engulfing bearish candle indicating a possible retrace so be cautious this week. Most tech stocks are showing weakness short term. Amazon.
It is time to re-evaluate the active trades of the last two weeks. Bitcoin is coming in stronger and we have more confluence in our bullish bias being above $62k. If it manages to touch $64,143.4 in the remainder of the week, it gives us more reassurance that
Gold (XAU) Macro = bullish / short term = bullish Daily chart is about to confirm a retrace on today’s close. Our first long entry has just been hit, this should be a short percentage of your total position size you’re planning on building. The plan is to build a position