Capital. Risk Management. Compounding.
Pursuing life with an abundance & a winning mindset. Plan the trade, trade the plan.
My posts are not financial advice.
BREAKING: The US economy adds 172,000 jobs in May, crushing expectations of 85,000.
The unemployment rate was 4.3%, in-line with expectations of 4.3%.
April's jobs number was also revised UP by +64,000 jobs.
This marks the second strongest US jobs report in 13 months.
$ETH Alright. Those who think this shit is forming an ascending triangle, you better pray this holds. $BTC is slowly bleeding and stablecoin dominance looks hella bullish, so my base case is that this pattern will not hold.
Ethereum is the biggest POS, and I wouldn’t touch this garbage ever.
$BTC I do not like this slow bleeding and Bitcoin slowly grinding down. I’d prefer an overreaction i.e. a really fast, high volume wick from BTC.
Until that happens, Bitcoin is trending lower. Keep an eye on the capitulation wick.
$SPY confirmed bearish divergence on the daily timeframe, had a bearish engulfing candle, and lost monthly open. I'd expect a 1%-2% correction now but make no mistake, the trend is still higher for now.
You continue to give the benefit of the doubt to bulls, so I will be buying the dip.
$HOOD is one of my favorite setups right now.
Confirmed daily uptrend with consistent higher highs and higher lows, now forming a clean ascending triangle.
People have completely stopped talking about this gem, but the chart looks gorgeous. The company continues to innovate and work super hard throughout the bear market.
Patience will be rewarded.
$LLY My best trade planning and execution ever. 🏆
Bought the dip on the $LLY bull flag retest. Now we just hit a new all-time high.
Locking these shares away forever as the uptrend continues. 📈
$LLY The perfect retest came, and I bought it. Now, let's go to new ATHs. Love buying strong stocks that are 25% cheaper and provide an excellent R/R.
Send it.
As $SPY has confirmed bearish divergence on daily timeframe, I will only be interested to see how daily candles close in the next few days/week.
I'm not so much interested in the intraday price action as it could have wild swings.
Cheers.
$SPY confirmed bearish divergence on the daily timeframe, had a bearish engulfing candle, and lost monthly open. I'd expect a 1%-2% correction now but make no mistake, the trend is still higher for now.
You continue to give the benefit of the doubt to bulls, so I will be buying the dip.
Stablecoin Dominance ( $USDT + $USDC) has broken out after consolidating for weeks within this bull flag. When it clears 11.7% (major HTF resistance), expect $BTC and altcoins in particular to shit the bed.
Next level of resistance is close to 15%, which will cause a significant amount of pain to crypto if it reaches there.
The final leg down in crypto has just started.
$BTC's relationship with 200W Moving Average
200W MA has proven to be one of the BEST buying areas for Bitcoin for long-term. It also coincides well with HTF support, so I will be buying at 60K-62K. See the MA in green below.
Except last time, BTC has held 200W MA across all cycles. If it goes under, that will be a gift.