🚨 Nvidia could beat earnings expectations and still sell off. That’s the reaction I’m watching most closely for Bitcoin.
THE MARKET FILE — THE NVIDIA TEST
Nvidia reports on November 17. Back in August, the company projected $108 billion in revenue for this quarter. Now Wall Street wants to know how much growth Nvidia sees ahead.
🟢 If Nvidia issues stronger-than-expected guidance and the Nasdaq holds its rebound, BTC could catch a bid. My first signal would be Bitcoin holding those gains after Wednesday’s U.S. market open.
🔴 If Nvidia beats estimates and the Nasdaq sells off anyway, I’d pay closer attention. If investors use a strong report to sell tech stocks, Bitcoin’s rebound could lose steam.
📖 My read
The number I care most about is Nvidia’s revenue forecast for next quarter. How the Nasdaq trades the next day will tell me whether that outlook was enough to restore confidence.
💬 Nvidia beats estimates. The Nasdaq drops anyway. Do you buy the BTC dip or wait? What signal would make you pull the trigger?
$BTC $NVDAB
#CanNvidiaEarningsEaseMarketConcerns?
THE MARKET FILE — THE NVIDIA TEST
Nvidia reports on November 17. Back in August, the company projected $108 billion in revenue for this quarter. Now Wall Street wants to know how much growth Nvidia sees ahead.
🟢 If Nvidia issues stronger-than-expected guidance and the Nasdaq holds its rebound, BTC could catch a bid. My first signal would be Bitcoin holding those gains after Wednesday’s U.S. market open.
🔴 If Nvidia beats estimates and the Nasdaq sells off anyway, I’d pay closer attention. If investors use a strong report to sell tech stocks, Bitcoin’s rebound could lose steam.
📖 My read
The number I care most about is Nvidia’s revenue forecast for next quarter. How the Nasdaq trades the next day will tell me whether that outlook was enough to restore confidence.
💬 Nvidia beats estimates. The Nasdaq drops anyway. Do you buy the BTC dip or wait? What signal would make you pull the trigger?
$BTC $NVDAB
#CanNvidiaEarningsEaseMarketConcerns?
