10/ THANKS
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https://t.co/PBHpnnHeVW
Our September 2023 Outlook is now live!
You won't want to miss this.
In today's edition, we're going to take a closer look at...
- Why headline inflation is likely to head higher through October before continuing to decline thereafter
- Why manufacturing activity is going to continue to slow
- How the the Treasury's issuance schedule and continued quantitative tightening will impact financial & economic conditions
Released a massive $BTC report. Key thoughts, charts, S&R levels, predictions. Here's the short version (read full warning!)👇
🔔Bull Run Intact: Resilience in $25k-$31k range (22' weakness zone). Rising 200-week trend @ $27.7k. SMA50 support @ $24k. Dominant trend up, so dips = buying opportunity.
🔔Intermarket TA: 7-week correlation 0.39 vs. S&P 500. Long-term corr rising: #BTC "becoming" a tech stock. Outperforms defense stocks (relative strength).
🔔Daily Chart: Falling 200-day BPRO mean reversion point @ $28.5k. 50-day volatility $670 (ATR). Key resistance: $31.8k (swing high) & $27.6k (SMA200).
🔔Trend System: BPRO Trailers bearish trend setup. Expect price barrier between CTF Stop $27,173 and HTF Stop $27,668. Otherwise, short-term bears in charge.
🔔Sentiment: Fear & Greed @ 40 (fear!). Behavioral biases (loss aversion, regret bias, anchoring, heuristics) gain in strength as the range develops. Longer range => explosive breakout.
🔔Miners: Production cost @ $30.5k. Miners under pressure. Potential selling forces.
🔔Seasonality: September worst month. Avg loss -6.45% (Q4 up +50.84% avg). Long-term buys best in 2nd half Sept.
Full report: https://t.co/lKFc9K0vQd
Thanks for reading. Hope it helps. If you appreciate it just share this post. God bless!
Metapros!
New listing on the metapro market! 🎉
Welcome on board, Arsenal! 🤝
Arsenal is a 3D First Person Shooter multiplayer game for the Fabwelt Gaming Ecosystem and Metaverse. It utilizes in-game NFTs as assets, collectibles and utilities 🔫
https://t.co/6VYo2Pnksv
Gold Update
The daily chart is having a bullish market structure here but is showing some rejections coming from bearish pressure on the lower high trendline. This is normal behavior wince most traders are shorting this retest, although We can expect a sudden bullish move anytime from here and I'm willing to catch it using the intraday charts.