My 4hr Trading Plan.
CME is closed until 18 JAN 18:30 -thought we might see some more fireworks with the long weekend.
DXY having a bullish week -end, leaves a lot open to speculation about where it will resume when trading resumes.
The weakness BTC has been showing could indicate a bullish DXY for next week.
Even with all of the FED's extra love, it smells like another market crash is around the corner. SPX has some nasty BEARISH DIVERGENCE on the Weekly Chart.
Treasuries aren't exactly attractive right now..
Whoever is the first publicly traded company to move its balance sheet to BITCOIN will light the fuse for what could be something absolutely incredible.
I'm still not totally convinced BITCOIN will go down and hit my bearish targets -on the 2D and above, this looks like a BULL FLAG -in which case, the 1:1 Extension from impulse up puts the Corn over $72K (target not listed here, private members only).
As more confluence and structure builds, the plan will begin to narrow -but my overall sentiment is BULLISH with 2021 targets in six figures.
How are you all playing this price action?
BULLISH? BEARISH? Why?
CME is closed until 18 JAN 18:30 -thought we might see some more fireworks with the long weekend.
DXY having a bullish week -end, leaves a lot open to speculation about where it will resume when trading resumes.
The weakness BTC has been showing could indicate a bullish DXY for next week.
Even with all of the FED's extra love, it smells like another market crash is around the corner. SPX has some nasty BEARISH DIVERGENCE on the Weekly Chart.
Treasuries aren't exactly attractive right now..
Whoever is the first publicly traded company to move its balance sheet to BITCOIN will light the fuse for what could be something absolutely incredible.
I'm still not totally convinced BITCOIN will go down and hit my bearish targets -on the 2D and above, this looks like a BULL FLAG -in which case, the 1:1 Extension from impulse up puts the Corn over $72K (target not listed here, private members only).
As more confluence and structure builds, the plan will begin to narrow -but my overall sentiment is BULLISH with 2021 targets in six figures.
How are you all playing this price action?
BULLISH? BEARISH? Why?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.