MY DAILY TRADING WATCHLIST: Markets rallied yesterday at the end of the day and I am watching today to see if they continue this rally or fall back again. There is A LOT of economic data today with PCE , GDP and jobs. I don't expect to take any trades before then and will watch how markets react before entering anything; - #Oil has dropped below the gap window and now likely fills the gap 67.70. I'm watching to see if it gets a bounce there. If it keeps dropping, I will add to my position just below $65. - #Metals did NOT participate in the late bounce yesterday and remain weak. I will take some profits (possibly all) if $GOLD hits 3900. Possible long here too. I am also waiting to start a long on #silver at $54. - #Bitcoin did get a good bounce from the intra day lows. I still think it needs to take out the low by more than it dis yesterday so I still think lower is likely. $BTC
MY DAILY TRADING WATCHLIST ; It has been a busy few days on the markets and many assets are looking volatile and on edge. Here are the main things I am watching today. - The #stockmarket sold off yesterday and I am watching to see if we get follow through or recovery today. I've just posted a detailed post just about this with levels and thoughts. - Metals have been weak recently and many are at key levels. #gold is retesting $4068 level which is minor support and I am watching to see if that holds today. I still expect it to go lower soon but it might pause for a day or 2. - #oil down another 1% today so far and is getting within a few cent of my buy level I have waited weeks for. I still remain patient and won't buy before then but there's a good chance it reaches there today (NOTE: I do NOT have limit orders set. I will watch the reaction there. It could wick down to quickly fill the gap so I want to manually take the trade at the right time) - I am also looking for some short term bounces on #crpyto #altcoins $GOLD $OIL
#Bitcoin up just over 2% and getting a nice bounce along with all of #crypto . It stalled out perfectly at the $65500 level that I have talked about for a week or so. Whilst below that, I am bearish and expect lower. Break above that and I am short term bullish (NOTE: by this I mean bullish for a week or 2 up to 70-75k and then probably a new low still). $BTC #trading #investing
#Bitcoin up slightly now for the day and trying to hold the $65.5k level. Above that and I am short term bullish. Below, and I am bearish. $BTC #crypto #altcoins #trading #investing
#Bitcoin up nearly 2% today and will almost certainly close above the 65.5k level I have talked about recently. This is a sign of strength and puts it back in the value area of the recent range. It is still under the POC so has more work to do, but probabilities are starting to shift in favour of a bigger move up towards 74k or 77k. I'm not in a trade here, but if it forms a bull flag or retrace to 65.5k, I will be tempted. $BTC #crypto #altcoins #trading #investing NOTE: As mentioned the other day, I am in long trades on other cryptos.
#Bitcoin up 0.5% today but no real change on the chart. It's still trading in the local range near the lows. I am still watching $65500 and if it gets above there, then it starts showing strength. Whilst below there it is still looking weak. $BTC #crypto #altcoins
MY DAILY TRADING WATCHLIST; The big event today is the $SPACEX IPO. Shares are live at NY open but often aren't available to retail through their brokers for an hour or more. Here are the main things I am watching; -The excitement around the IPO means my bias is for a grind up this morning. I am watching the #Nasdaq to see if it can get above $29678 and potentially push towards 30000. BUT, after the IPO has settled, markets could sell off. So any longs are day trades for me and I am trading cautiously. - #Bitcoin is up slightly this morning and I am watching for some signs of life. The first step would be to get above the local range at $63800. Next step is $65500 and if it gets above there I will start becoming more bullish. I'm not in a trade but waiting for some strength. $BTC - #Gold has had a bounce of relief after Trumps last post. I am sceptical about the move but waiting for the chart to tell me more. $4100 is support and 4380 is resistance. If it gets above 4380 I will become more bullish and start to look for longs. $GOLD - #Mag7 - Ill be watching to see if the SPACEX IPO pulls money out of the other mega caps.
MY DAILY #TRADING #WATCHLIST : The #stockmarket is very edgy right now so I am trading cautiously. These are the main things I am watching today; - Can the #SP500 regain the blue line at $7333? Above here and it is bullish. Below is bearish. - Can $GOLD regain $4100. If it does, that would be a bullish sign and could be a long trade. ( $SILVER is similar with the 64.65 level) - $OIL has to always be on the watchlist until the situation in the middle east calms down. It's still trying to break down from the wedge but for now just about holding - DATA - PPI is released today before NY - IPO - #SpaceX IPO news will start coming out today with a final price set.
#Bitcoin and the #stockmarket getting a bounce this morning. On $BTC , I have added in the orange triangle to show the local pattern I am watching. Break out above this and it can start a move up. Break down and it makes new lows. Overall, this is a bearish pattern so I slightly favour a breakdown. But, the risk reward here at the lows of the chart are not high enough for a trade. So I am just waiting for a bigger sign of strength or a break lower for a better level. #crypto #altcoins