There's a lot of market reaction around this morning's jobs report, but keep in mind it contained years worth of revisions (a big reconciliation they do occasionally). Way more noise than signal.
The raw unadjusted numbers were down big, just like they are every January.
#BTC liquidation levels. More money to be made by whales with liquidation levels on top.
I had to go back to get this for you :) I'm really gone this time!
$AMZN
Monthly chart looks like a big distribution range breakdown.
Could see this going to $2,550 ish and even $2,000 area.
Will start looking to SLOWLY ladder back into a smaller size short than the one I previously exited at $2,700
#Bitcoin
My primary outlook
Breakout above ATH candle and now we're going to close below that; lots of buyers trapped up higher
Breakdown retest above 40k would be a good unload spot imo
Next month close above $43.8k would mean it's a bear trap otherwise... Look out below.
@Gregariou1 You have been executing at such a high level this down trend. That has got to feel amazing. Well done sir and thank you for continuing to share charts and resources/ study materials
Amazon stock (or most growth stocks) is no different from "useless governance token".
Amazon doesn't give dividend. Being a share "owner" is in name only, w/ no benefit except hoping other people'll bet on it too so price go up.
All risk asset market valuation is mostly a meme
1️⃣ ~$1.4B open interest¹ in perpetual futures² long³ positions waiting to get liquidated⁴. Check out some of these 100X, 50X, and 25X levels.
90% chance #BTC drops to $42K & 50% chance to $41K to liquidate those long positions.
When is more difficult to predict.
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