Is it almost time for Bitcoin to fly again?
#bitcoin #btcusd #crypto #cryptocurrency #dollar #vix #dow #nasdaq #s&p #s&p500 #usoil
Hey Traders. I'm bringing you a mid-week update for a couple of reasons:
1. I will be OoO (Out of Office) the remainder of the week.
2. Many indicators are showing me we are getting very near a bottom here.
3. I want to prepare you to move when the market moves. This could happen while I am OoO.
4. I want to show you the trades I am still in and what I am looking at next. For the record, I closed my Matic short for profit. And I am still long Doge, Gods, NWC. The spreadsheet has been updated with all of the most recent data:
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Without further ado, here’s my video update:
And if you don’t have time to watch it, basically, the short and skinny is that we are drawing near to that Sept 13 date when new CPI data is released and the FED makes further commentary on it. All the charts and indicators point to some big moves happening around that time frame. Could go either way but I am fairly optimistic about what the charts are showing me. Take a look at Bitcoin for instance:
Here is our longer-term (10 months plus) bullish descending wedge which we are nearing the end of.
And inside of this bullish wedge is another bullish wedge:
More and more signals are beginning to show green lights soon. Let’s pay attention here.
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My Trade Tracker: