TradablePatterns
Trades top 50 mkt cap coins based on technical analysis. Have published daily TA since 2014 as seen on Bloomberg, LSEG, Factset, Interactive Brokers & Barchart.
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$BTC #bitcoin comments ahead of highly anticipated #cpi 830am EST w/ caution based lgly on #Nasdaq100 #TechnicalAnalysis longer term #ta based on mthly charts
#BTCUSD appears ready to roll over on wkly timeframe w/ a lower Jan high vs Dec high increasingly likely w/ current wkly Gravestone unable to reclaim the record high. Note the rejection as well in Dec at the uptrend resistance connecting highs of Jan, Mar'23 and Mar, Dec'24. Wkly Stochastics is tiring from overbought level w/ wkly MACD trying to -vely cross. Watch for #Nasdaq100 weakness to lead $BTC lower.
Although #BTCUSD is starting 2025 w/ a green January candle, it remains at moderate risk of forming a major top around the upcoming Trump inauguration Jan 20, where odds rise for a sell on news scenario as traders lock in strong gains since the Trump November win.
W/ the #S&P500 showing signs of fatigue on its red January candle w/ the monthly MACD trying to negatively cross, it'll be interesting to see what another bout of risk-off on Jan 20 could do to $BTC and what that may mean for #BTCdominance .
Let me know your thoughts on what are your favourite #Alts in the meantime!
W/ the #S&P500 showing signs of fatigue on its red January candle w/ the monthly MACD trying to negatively cross, it'll be interesting to see what another bout of risk-off on Jan 20 could do to $BTC and what that may mean for #BTCdominance .
Let me know your thoughts on what are your favourite #Alts in the meantime!