Rohit Goel

IIT-Delhi. Ross/Michigan. Global macro trader. 10+ yrs trading fixed income, commodities, equities & crypto. Technical Analysis junkie!

[HQHan.eth @duckie_han]

1/x What makes Filecoin a different L1: A thread

@Filecoin will launch smart contracts in Mar'23, making it a fully-fledged L1. This is a big deal.

So what sets Filecoin apart & how can we interpret its position as it enters a seemingly “crowded" L1 space?

Let's dive deeper ⤵️

[Rohit Goel @RGoel441]

Could there be a better signal that the bottom is in/close for tech? @allstarcharts #trading #stocks #technology

[Filecoin Foundation @FilFoundation]

📢 We’ve got news! @FilFoundation is working with @LMSpace to bring @IPFS to space! 🚀
🧵

[rojo @flow_rojo]

Check this out. Here we have an inverted $DXY chart overlayed with $BTC, w/ a 90period correlation coeff. Over the last 5+ years, whenever this coefficient has gone positive, we’ve seen cycle resets. DXY at multi decade resistance, & the 4.236 fib is right under $101.5. #Bullish

[MAD MAXi. 🇵🇸🕊️ @888Velvet]

#bitcoin

Don't give them your skittles.

[Rohit Goel @RGoel441]

Time to buy bonds? #bonds #Yield #inflation

[Rohit Goel @RGoel441]

Ignore the media noise, and trade the chart in front of you. $GME Breakout, retest and go! #GME #stocks #trading #TechnicalAnalysis #SecondComing

[Álvaro Oviedo @alvoviedo]

$spx

[The Bear Traps Report @BearTrapsReport]

The MACD in the Nasdaq is looking very similar to March 2000...

[The Factor Report @PeterLBrandt]

Sweeping key reversal in NASDAQ

Today was first sweeping downside key reversal in $NQ_F since Feb 20, which kicked off the Feb/Mar decline.

[SentimenTrader @sentimentrader]

The Nasdaq 100 rallied more than 2% intraday to set an all-time high, then reversed to close down by more than 1%.

It's done that twice. Today was one.

March 7, 2000 was the other.

[Hedgeye @Hedgeye]

Cartoon of the Day: Gravediggers
https://t.co/Tm1CAqIfLh

[Rohit Goel @RGoel441]

The weekly chart shows that its 200 WMA, which has acted as support since 2011, could now turn into resistance. If the bear market has a second leg down, the rising orange trendline could provide initial support.

[Rohit Goel @RGoel441]

After a 40+% rally from the March lows, India's NIFTY 50 is starting to lose steam. This week it perfectly tagged the 61.8% Fibonacci retracement of the Jan to Mar decline, and is still below its (downward-sloping) 200 DMA.

#stocks #trading #technicalanalysis #nifty50

[Rohit Goel @RGoel441]

Couple of my favorite HedgeEye cartoons!

#Centralbanks

[Rohit Goel @RGoel441]

10. The ratio chart of QQQ to TLT is hitting upside resistance, and suggesting better risk/reward for US Treasuries over technology stocks.

[Rohit Goel @RGoel441]

What are charts telling us about the outlook for the US stock market?

#stocks #trading #technicalanalysis

[Rohit Goel @RGoel441]

9. The ratio chart of consumer discretionary to consumer staples (XLY/XLP) shows a possible double-top and a possible start of another risk off period.