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Today is Tuesday of JOLTs and just mentioning it sounds boring to me, but the real engine of global liquidity is decided today with the Job Openings in the United States.

$BANK

I’m going to be honest: if I weren’t interested in becoming a better trader and in the crypto world, I’d probably say that topics like this are the most boring and I’d ignore them. Even though I know it’s part of our reality and day-to-day life, it still feels strange that I have to be aware of some U.S. labor survey in order to have a correct view of what’s happening in the market.

$HOME

This number sets the pace for the Federal Reserve. If job openings come in higher than expected, the economy shows signs of overheating, inflation starts pressing again, and the Fed gets firm with rates. What does that mean for us? The dollar strengthens and risk assets, like Bitcoin and altcoins, get shaken. If the numbers are weaker, the market senses rate cuts and “gets a breath of fresh air.”

Watch out for false volatility: The minutes after this report often trigger aggressive wicks specifically designed to sweep positions on both sides—both longs and shorts.

Opening positions at random without checking the macro calendar is basically giving capital to the market. It’s like the current: either you sail with it, or it drags you along.

$UB

Do you find that sometimes the indicators do not show you any information?
​
It's not that your #RSI or your #EMA. are damaged. If you notice that they don't work with some currencies, the reason is purely technical, and here I explain it to you simply:

​Both the Relative Strength Index (RSI) and the Exponential Moving Average (EMA) depend on the number that appears in parentheses, for example: RSI (6) or EMA (20). That number is the key to everything.

That number indicates how many "periods" the indicator is counting. The duration of each period depends on the timeframe you are viewing in your chart:

​- If you are viewing the chart in 1 hour, an RSI (6) calculates the data from the last 6 hours.

​- If you switch to 15 minutes, that same RSI (6) now calculates only an hour and a half (15 minutes X 6).

This is where the confusion occurs. A period is equivalent to a unit of the timeframe you visualize. That’s why, in a newly launched token on Binance, the information is often incomplete:

​If a token has only been alive for 12 hours and you are viewing it on the 1-hour chart, the EMA (20) will not appear on your screen. The reason is simple: the indicator needs 20 hours of history to be able to plot the line, and the token only has 12. In that case, you would only be able to see indicators of shorter periods, like the EMA (9).

​In summary: For a #indicador to work, the chart must have at least the same number of candles as the number in parentheses. If the token is very young, give it time for the indicators to have sufficient data to work with.

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$LYN $KITE $ROBO

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