Mega supports for markets here for medium-term trend. If these break down then we establish medium term downtrends.. so manage your entries and risk accordingly.
Curious re: $BMNR
Calculations generated by AI, based on Ethereum at $3,300, BMNR at $36.80s
Based on latest available data & depending on how much Ethereum they bought - data suggests it’s trading at a discount to NAV (assuming ETH holds up). Anyone have something different?
Last Friday, with $SPY & $QQQ hyper-extended on the weekly, I took an SQQQ hedge, $13.18 > at $14.70 today.
That's when I got short-term bearish on the markets & it's paid off. Not today - Today, I'm waiting for direction with markets pulling back to key mid-term trend supports.
GM friends, happy Friday!
They’ve dragged the markets from multi-gap ups into overextension last week down to key major mid-term trend supports - pivotal day for SPY QQQ Bitcoin & Ethereum - technically & structurally speaking.
Decision day.. Hope you have a great day!
Aw man.. have a family trip booked this weekend with someone who’s really close to us and is very sick and dying.. this was supposed to be a very special trip. I’ll be gutted if our flights get cancelled 😢
A lot of weekly charts on popular names looking like this, after big dips and bounces 2 weeks ago too - will be an interesting day tomorrow with markets/crypto at major medium trend supports.
I posted the $SPY $QQQ #Bitcoin & #Ethereum charts & key trend areas - something I referred to in my posts today. They're all holding key medium-term trend levels which have provided bounce since April lows.
Tmrw will be a big make-or-break test for market's short term trend.