PalénTrade

Position Trader 📈 | 8 Years Trading | Harmonics • Reversals • Cycles |
Cut The Bullshit | Honest Analysis | $BTC $Stocks $Commodities

[PalénTrade @PalenTrade]

This might be it for the #Bitcoin 4 year cycle! 👀
$BTC forming a Wyckoff Distribution Top?

#Crypto #CryptoMarket #CryptoCommunity #wyckoff

[PalénTrade @PalenTrade]

@JukkaLepikko @hkeskiva Voisiko suomen valtio itse rakentaa jättimäisen datakeskuksen ja vuokrata tämän laskenta kapasiteettia 🤔

[PalénTrade @PalenTrade]

@TheShortBear Where do you see that Bitcoins adoption is sky high?

[PalénTrade @PalenTrade]

@hkeskiva Miettinyt ihan samaa että ei ehkä ole paras hetki sijoittaa teknologiaan (esim sähköauto) jos oletus on että kehitys tulee nopeutumaan huomattavasti

[PalénTrade @PalenTrade]

@TechCharts If people don’t trust USD.
Why would they trust EURO 🤔

[PalénTrade @PalenTrade]

@JukkaLepikko On tuo kyllä harmillista. Tämä on se puoli bisnesmaailmasta josta en tykkää

[PalénTrade @PalenTrade]

@TechCharts Would be quite an opportunity if silver retests $50.
What is your take on that. You think that's 50/50 odds?

[PalénTrade @PalenTrade]

@KobeissiLetter Gladly we are not surprised.
Charts have been hinting about this

[PalénTrade @PalenTrade]

@TechCharts Bounce back now after a fakeout downwards.
Then continuation

[PalénTrade @PalenTrade]

@JukkaLepikko Useampi MAG7 näyttää hidastumisen ja mahdollisten huippujen merkkejä. Google esimerkiksi.
Katsotaan miten käy 🤝

[PalénTrade @PalenTrade]

En tiedä tulevaisuuden tapahtumista. Teen analyysini 95% graaffien perusteella.
Jos markkina rikkoo 17 marraskuun pohjat on viikon sykli epäonnistunut ja syntyy lower low.
Tällöin markkina on lasku trendissä (left translated sykli).
Huomattava myynti voluumi myös näkyvillä. Ottaako isoraha / karhut vallan?

[PalénTrade @PalenTrade]

@TechCharts My guess is bounce back before another leg down and time for a correction phase

[The Kobeissi Letter @KobeissiLetter]

This is absolutely insane:

Prior to the Iran war, US oil companies were generating ~$62 billion in annual free cash flow with oil prices at $55/barrel.

Now, with oil prices at $100/barrel, US oil companies are expected to generate $163 billion in annual free cash flow, if current prices are sustained.

In other words, US oil giants are set to rake in an additional +$100 BILLION in free cash flow per year if oil prices remain elevated.

We are arguably witnessing the most profitable market conditions in history for US big oil.

[PalénTrade @PalenTrade]

@disclosetv Has the market priced this in?
US soldies potentially being deployed to a conflict in Iran.
If the situation escalates, I don't think markets have priced that risk

[PalénTrade @PalenTrade]

Has the market priced this in? 👀

US soldies potentially being deployed to a conflict in Iran.
If the situation escalates, I don't think markets have fully priced that risk

$SPX $SPY

[Disclose.tv @disclosetv]

JUST IN - Pentagon approves deployment of a Marine "expeditionary unit" of about 2,500 Marines to the Middle East — WSJ

[PalénTrade @PalenTrade]

https://t.co/IOGvyE1TSG

[PalénTrade @PalenTrade]

@TechCharts Good points.
For me break and retests are one of my favorite setups. Easy to manage risk and maximum RR.

Over time you also start to read better the market structures and when it makes sense to jump in on the breakout

[PalénTrade @PalenTrade]

@BobLoukas That makes sense.
If things pull back hard, I’ll be looking for the best setups