420trade
August PredictionJuly is now behind us, I shift my focus to August levels.
Short Squeeze I pointed out in last months ideas played out nearly exactly as I predicted.
We're now sitting above the Upper BB with not a lot of room to test the upper 2022 trend channel and the forever infamous 420.69.
I swear some deep pocket whale like Elon has his algos pinned to 420.69
Weekly distributions still remain leptokurtic in 2022.
nasdaq futures 4/20 KEY AREAAs indicated on the chart, the $14,000 level is an important one to watch.
It seems the market has digested the inflation news and hopefully digested that of the hawkish fed comment on possible 75bp hike at the next meeting.
If this level holds tomorrow, I would hope to see some further momentum to the upside, especially in the semi-conductor space. Actually, the entire tech sector - the big-cap names that've been beat up this year I would like to see some buying there.
Interest rate hikes and inflation are not new stories. They've been shaking out investors that are frightened to be just breaking even after a year in the QQQ, for example. I think those that would be shook out have already sold. If you're still holding QQQ's after all this time, chances are that you wouldn't decide to sell tomorrow, not as a long term investor you wouldn't. You've probably be looking to add if you haven't sold out.
If you aren't sure where the bottom is and don't want to miss a move in Nasdaq, take a half or quarter-sized position in a triple-leveraged ETF like TQQQ
BTCUSD SHORTHi everyone
Merry Christmas
as you know BTC acting crazy last week and there is no support above to break and today it just broke the channel but i think anyone that don't have any position right now can wait for the pull backs to the channel and maybe one for the last support that it breaks.
the trend is so bullish that i can't promise to short but anything is possible when we analyse BTC.
LONG BUY - GBP/JPYHI hope to find you all in good health.
as the chart showing i see a wedge to break and making the last touch point in resistance of 0.5 to it's testing right now the level of Fibonacci and it will go up and break the 0.5 level and with testing it will go up.
Don't forget to money management.
don't hesitate to contact me. i wanna see your view too.
thanks;)