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$BTC don’t lose focus on the bigger picture
As I’ve continued to say since early Feb, expect chop between $60k-$80k while this bottom forms.
Cycle bottoms don’t Vshape, they take time to form. Happy with DCAs and happy to get more into the $50s if it presents itself
Remember, patience🎯🤝
$BTC I have been saying over and over to my group that this reminds me exactly of my $SPX prediction at $6k-$6.2k that we would see retest of previous ATH at $4,800
When $4,800 came RSI showed signs on weekly. Here we are now with $BTC showing signs on MONTHLY RSI approaching major level
I have been quiet and patient since selling @ $120k but here we are now
ITS TIME TO PAY ATTENTION
$SPY had 2 closes below $755 before bull trap yesterday now heading to $730 area
First spots to watch are $725-$733. Below that will be $712-$716. These are decent supports but nothing truly significant till $690-$700
As always take it level by level
$SPY Weekly
Just like I pointed out on daily last week, sweep of ATH and close below with now a bearish engulfing candle.
$755-$760 is major support, fall below (especially a weekly close under ema 20), then we can see a move to ema 50 and probably see around $700-$730
Bottom line, $755 is the line the sand here for bulls and bears 🐂🧸
Cole retweeted
We're not in an AI Bubble. Period.
This is your standard Midterm year.
Quick 7% dip for $QQQ, then run it back.
@_ColesTrading: "Few"
