Tue, Apr 23 @ 9:45am - Flash Manufacturing PMI
Tue, Apr 23 @ 9:45am - Flash Services PMI
Wed, Apr 24 @ 8:30am - Core Durable Goods Orders m/m
Wed, Apr 24 @ 8:30am - Durable Goods Orders m/m
Thu, Apr 25 @ 8:30am - Advance GDP q/q
Thu, Apr 25 @ 8:30am - Unemployment Claims
Thu, Apr 25 @ 8:30am - Advance GDP Price Index q/q
Thu, Apr 25 @ 10:00am - Pending Home Sales m/m
Fri, Apr 26 @ 8:30am - Core PCE Price Index m/m
Fri, Apr 26 @ 10:00am - Revised UoM Consumer Sentiment
📈 This past week saw some more geopolitical escalation but prices respected specific levels that helped us hold and move higher. Bitcoin tapped 60k 3 times since last week, and on its third time bounced back quite well. Alts did perform well on this bounce as Bitcoin dominance may start trending down. Generally, the halving tends to be a turning point for charts like Bitcoin Dominance and ETHBTC, shows more strength towards altcoins as Bitcoin season finishes. This past year has been very heavily focused on Bitcoin but I think the next 12 months will be more focused on altcoins and the general market. Will be exciting to see Bitcoin dominance go down.
This coming week should be quite fun, I think a solid recovery is in the books. Look to long an early week dip and stay long for the rest of the week. We should keep developing our nice macro range for a greater breakout. Have a good week and trade carefully!!!