Closely monitoring this area of support, though still too early to make a call
The recent BTC/USD vs SPX charts have looked similar since may but who's out performing who? BTC has outperformed SPX by 30% This year but hasn't been able to keep pace with the Fed liquidity injections into equities. If the Trillion to infinity narrative shifts BTC may finally get its day in the spotlight. Keep an eye on DXY comparatively.
NASDAQ:INVE Good evening traders! I recently stumbled upon $INVE and its been all around appealing to me so far, with technicals and fundamentals. Today I was looking to add to my positions and at first glance it seems that INVE is at a great place to make another entry. It appears to be taking a breather before going on yet another healthy rally to continue...
This is something to keep an eye on. If bitcoin makes a convincing move outside of the consolidation pattern, I will play the direction of the breakout.
This is not investment advice just the ramblings of an insane trader. I call this a thesis because its been 3 years in the making. Anyway, when it dipped below 4 the second time I became very interested because "utility monopoly", cant go tits up unless broken up by super gavin. So I bought in the red circle. Then sold in the green circle, the blue X is where...
As you can see the rsi hit 80 on the 1 hr and faded hard end of day. Right now futures are tanking. Lets see if we make it back to the 2600 level and fall through or bounce back up. Rising wedge is a continuation pattern in a bear market. Let's see how this plays out.