#Bitcoin flushed through 28k. With so little volume, stops triggering can cause an outsized move (flash crash). Rumors that SpaceX dumped its holdings (unconfirmed) exacerbated the selling and increased the dump with so few buyers available. SpaceX did write down some of their $BTC holdings due to losses. Companies do this all the time with other assets... Technically, the 28k level has broken. It has about 24 hours to regain that level or probabilities greatly increase it is headed to 25k. Bitcoin at 25k is going to be an epic level psychologically. This is where news hit that Black Rock was filing for a spot ETF. The run from 25k to 31k was largely a result of the optimism of its approval. Should 25k break, 20k becomes the next stop. This is a key level because it represents a point where SVB (Silicon Valley Bank and other regional banks) failed. Money ran from banks and hid in BTC. Should 20k fail, 52 week (current cycle lows) will likely be tested at $15,700. 12-13K is still very much on the table as a lower target as is 9-10k (max pain). As each level is broken, the next level because magnetic. My thesis for why Bitcoin could hit 9-10k is an overall risk asset selloff in which the NASDAQ dumps to October 2022 lows or below. That type of massive decline would likely take Bitcoin much lower than $15,700. Aside from that, I do not see a reason for Bitcoin to take out the current 52 week low. Smart money who continues to believe in the digital gold aspect of Bitcoin will slowly buy at key supports and DCA. Long term I continue to be very bullish on Bitcoin. Remember that most Bitcoin 'influencers' have only been around for a cycle or two. You do not master price action, charts and human psychology in a cycle or two of Bitcoin. You are a toddler when it comes to understanding investing movement. I have now traded for 24 years in multiple assets (day trading and swing trading) and I still learn every day (and make mistakes). While I can be called a 'boomer' when it comes to investing, experience really does count for something when it comes to it. Keep learning and follow the right people.... Tune into my #GamePlan Friday morning at 9am ET and I will cover #Crypto like crazy! #Ethereum, #Polygon, #Binance #Coinbase #Cardano #Polkadot #XRP #Trading #Investing #Solana #Avalanche #Tether #SEC #GaryGensler

My high end 20k #Bitcoin target has been officially achieved & pierced. Many a doubter when we were at $65-$69k but as always, truth of charts are greater than the emotion of the retail crowd. #Crypto #TechnicalAnalysis #Ethereum #Trading #Investing

No one talking about it, but the 10 year yield just tagged 4.50%. Rising yields and a rising stock market usually do not last for long together.

Warning from someone who has seen 25 yrs trading bull/bear markets in #Stocks, #Commodities #Crypto. Bear market rallies make you believe a new bull is here. #FOMO off 30% $BTC run is insane. Note $TSLA chart, multiple 30-50% bounces. BTC hasnt taken #FTX collapse high out...

5 Reasons #Bitcoin has a near-term bottom. 1. Perfect measured move (note the chart). 2. Stops and weak hands flushed out below $20,000 (classic market action). 3. Extreme oversold condition (RSI 20ish). 4. 10 year yield likely topped (risk on), 5. Dollar likely topped (risk on).

Did #Bitcoin    just give up its gains from $25,300 to $23,700 as max fomo hit? Hmmm. So weird that would happen again? Hope you weren't one that FOMOed in above 25k. Same people that bought at 65k got taken again. Big money knows the psychological triggers.

How I know the bear market in #crypto isn't over? The toddler bulls are out in full force. They all joined investing in 2018 or after & have never experienced a 'rip your face off bear market rally'. Me? Been through about 100 in stocks, commodities, currencies & crypto. #Bitcoin

Word hitting that the #FederalReserve will do another 75 bps in Nov then pivot. Dollar starts to fall off highs. Fed maybe just got the message of how close the world was to financial collapse.

The great #merge was a classic 'sell the news' event. Watching the key $19,500 level again on $BTC. Has never confirmed below. Once it does, small support at $17,500, if that breaks.... $12,000-$13,000. #Ethere

#JeromePowell dovish tone today. Smart money has to start wondering what he sees on the horizon (in terms of a recession) as to why he wants to pivot so quick. Always think 2 steps ahead. Something is up and he is looking at the real data behind the scenes. #FederalReserve

#StockMarket warning: $SPX & $NASDAQ sharply higher but $VIX (volatility) is not dropping. This tells the trading community smart money is buying protection & to be careful. This isn't to say we cant go up for a few days, but is a bigger signal of trouble looming.

Ton of bearish sentiment out there on Twitter in regards to #Crypto. Not surprised to see it catch a small bid. Will be releasing a video later giving the date/price per my calculations of a bottom, just like I did with the top. $BTC $ETH $XRP $SOL $AVAX $BNB #Bitcoin #Ethereum

Top 5 Things Every Trader Should Be Watching This Week... 1. #NVIDIA $NVDA Earnings Wed (After Market Close) This stock has become the golden child of the stock market and the risk on environment. Valuation is insane but justified by bulls based on the incredible growth #AI is bringing. Consensus estimates are for $2.07 in earnings on revenue of $11.09B. Whisper numbers put earnings at $2.13. To justify current price, they will have to blow away the whisper number, likely coming in north of $2.25/share with revenue of $11.50B+. It is possible they do it. I give it 50/50. With a $1T valuation, this report will be huge for the overall market, especially after $AAPL $MSFT fell sharply on earnings. 2. Jerome Powell's Speech from Jackson Hole on Friday... Federal Reserve chairman Jerome Powell will be holding the annual huddle in #JacksonHole, WY. With the minutes from last week being extremely hawkish, China's economy in freefall, yields at multi-decade highs, this is his chance to guide the markets into the September Fed meeting. Investors will likely have a great idea of whether the Fed will hike or not by Friday mid-morning. His speech is slated for 10:05am ET. 3. 10 Year Yields.... The 10 year yield knocked on 4.33% this past Thursday. This is a double top from October '22 when it hit the same level. Please note that the #StockMarket was 20% lower. This puts investors in a precarious position if yields breakout. Markets have been pricing in a more dovish Fed for the last year and keep getting disappointed. Now 5 year inflation expectations are north of 2.5%. At some point the markets have to recognize inflation may be stickier than first thought, in which case the Federal Reserve may need to keep rates higher for longer. Remember, the higher the yield goes, the more money gets coaxed out of stocks for the safety of bonds with a guarantee on the return. The 2 and 10 yr yields are inching a little closer. While still inverted, note that historically it's when yields un-invert that a recession hits. With the jobs market still super strong, a recession at earliest would be Dec 2023 or first quarter 2024. Watch the yields for an un-inversion as a great signal. 4. Japan... Most investors don't realize Japan is important to US markets...it is. Japan has had near zero interest rates for the last 40+ years. This made them the biggest buyers of US treasuries. Yes, they hold the most US debt of any country. With inflation finally hitting Japan, they are loosening their yield curve control which may make US debt less attractive. Watch the USD/JPY. 5. China... The 2nd largest economy is in major trouble. However, because China has authoritarian rule, they can print money at will. This is unlike the United States that has to deal with 2 houses of congress. With major deflation, China has even more leeway to print massive amounts of money to reignite their economy. I would expect some sort of economic stimulus package early this week as they try and stem the panic. US markets should like an epic stimulus package. Bonus...#Bitcoin Bitcoin continues to hold above the 25,000 level, its next major technical support. Rumors that something is coming with #Binance have been swelling. As a technician, just watch the 25k level. If it holds, price can retest 28k (resistance). If 25k breaks, 20k will be the next stop. I continue to hold the view that the only way we see a break of double bottom on $BTC is if the US equity markets collapse 20%+ in the coming 6-12 months. I do think there is a real possibility of that.

With my high end target being achieved, I now am comfortable enough to begin a tiny HODL position (1/6% of what I intend to accumulate) here at 19k, fully understanding that #Bitcoin will likely go to my second target of $12,000 & perhaps below. I will slowly add every 3k down.

5.9% core #CPI. Market expected north of 6%. Stripping out food/energy is key. I doubt this rally lasts long though, be wary. Economy is slowing, inflation is still high, recession is still likely. A lot of headwinds.

The #Celsius news could be short term capitulation for #Crypto. How investors at $65-69k were calling for 100k, 500k, 1M within months still blows my mind. Every signal on the chart said 20k. #Bitcoin #Ethereum #Solana #Binance

#GDP comes out -0.9%. Markets initially sell, then rally as investors love the falling #Dollar and likelihood that the #FederalReserve can no longer raise rates aggressively. So risk on for now UNTIL the market realizes the Fed can't print us out of a bad recession. #Bitcoin

Extreme hawkish Fed statement. Just like past printing and tightening phases, the Fed will go way too far, way too fast and will crush the economy. Makes you question their ability to understand how rate hikes take time to cycle through the economy vs them reacting emotionally.

Markets have lost their gains as big money is dumping into retail investors who think a 50 basis point cut will push us into a new bull market. Historically, data suggests rate cuts actually coincide with market tops/selling.

Nearing my KEY level on #Bitcoin where I have said the bull market narrative will be tested. If bulls can hold it, still a shot at a bull market breakout above 32k in the near-term. If they can't, 25k, then 20k and potentially 15.7k. $BTC #Crypto

#Crypto & the #StockMarket are hanging on by a thread. Tomorrow's #CPI data is 10x more important after $FTT collapse as investors are panicking. Hotter than expected CPI number could cause a deleveraging chain reaction in crypto causing more bk's & a stock market mini collapse.

Remember in October 2021 when I said #Bitcoin would head to 20k and the cause would be a deleveraging event. Welcome to the deleveraging event (and it is not over yet). Also, that 90%+ of #crypto needs to be wiped out in a #Darwinian event? It has started #Luna @davidlin_TV

Japanese intervention in their currency markets is another domino to fall. They are trying to prop up their currency by dumping US bonds. The negative for the US is that causes interest rates to jump even more. The great pyramid is beginning to tumble. #Yen #Dollar #Rates

$BTC pump into the daily close = the power of the charts as price gets back above the 2017. A mega player didn't want a close below. Amazing to watch. Learn the levels and watch magic happen around the levels. #Bitcoin #Crytpo #Ethereum #Solana #Avalanche #Charts

Starting to see the insanity return, money stepping over money to get in. That tells me the markets have not reached their ultimate lows. Near-term tech should be near topping out with two factors of resistance being kissed on the $QQQ. Looking for a near-term pullback here.

Breaking News! Revealed: The highest probability date/time of the #Bitcoin bottom. It is coming! Technical charts, human psychology and history. Here it is! #Crypto #Ethereum #Binance #FTX #Solana #Trading #Investing #Coinbase @cz_binance @saylor piped.video/fs23gKADUEo

Some perspective on what people are getting excited about in the chart below.... Reminds me of kids that have not had candy in years and get 1 M&M and are extremely excited. Not even a pack but hey, throw them a bone. #Crypto #Bitcoin $BTC #Ethereum #Binance #Polygon #Solana

To pre- answer questions, yes, I still think BTC gets to $25,500 maybe $28,000. And no, the bottom is not in, after this trade-able bounce, I still think Bitcoin heads to 12,000 or below. Hopefully this saves some questions lol

Putin is smart, he is using his 1 weapon against the west. All this war chatter is causing thngs like #oil #naturalgas & wheat to surge in price, pushing up inflation. Ultimately, this forces the #FederalReserve tighten monetary policy faster, likely forcing the US into recession

Today was the most bullish price action I have seen in a while on #Bitcoin. To hold up so well when the #StockMarket took a hammering, definitely unusual and shows relative strength.

The more the market sells into next week's #FederalReserve meeting + #CPI, the more I favor an end of year rally. 2023 will be a very ugly year though.

The bulls in the #StockMarket and #Crypto have sure gone quiet after hammering me for being bearish on #Bitcoin at the 31k level, saying it would test 28k and #Stocks would be at new all-time highs. I am neither a bull nor a bear, I am a trader. Short resistance, buy support..... Would just like to say, a good trader uses overall sentiment as an indicator. For me, it helped me short more trades which now has me banking more money. I raise my cup to you all. Thank you!

The irony of it all, weak inflation data pushes the markets sharply higher which then makes inflation go up and forces the #FederalReserve to raise interest rates higher. The Fed wants the markets lower, be careful of bear market rallies. #StockMarket #Investing #Trading

Stocks opened higher and gave up their gains once again. These are all signs of big money dumping. Most retail investors will ignore it as greed is more powerful, but I learned the hard way not to ignore it...early in my career.

#Bitcoin barely hanging onto technical support here. The more it hovers on this level, the higher the probability of a break-down. If it breaks, next target $37,000, then $33,000. #Ethereum #Binance #Ripple #Solana #Avalanche #Cardano #Matic $BTC $ETH #Crypto

I can't help but nibble on some more #crypto here for a swing trade. $MATIC $LINK $ADA $BTC $SOL $AVAX. May regret it, but I have trained my brain to buy technical support and buy panic. Both showing themselves. Time will tell....

#Ethereum trying to close above its range today (looks likely). I will be watching for #Confirmation to signal the move to $1700ish. #Bitcoin still has not broken above $21,800, the key level there. $BTC $ETH $ADA $BNB $MATIC $XRP #Crypto.

When there is blood in the #crypto street, buy. When euphoria and pumping are everywhere, sell. #Bitcoin #Ethereum #Cardano #Solana #avalanche

Excited to launch the #NoShillZone with @benjamincowen. We are both technical, data driven traders/investors who will collaborate to share knowledge, insight & analysis on the #Crypto, #Stock & #Commodity markets. No Hype, No Emotion, No BS! Every MONDAY at 11am ET. Link posted soon!

Did $ETH just complete its #BearMarket rally? .618 Fib retrace, pivot top from Nov 2022 and upsloping trend line from the June 2022 lows. Something to watch over the next few days.... #Crypto #Bitcoin #Ethereum #Trading #TechnicalAnalysis #Charts #Reality

Yikes on inflation #CPI. Locks in a 75 bps hike for September. Increases the likelihood the #FederalReserve will have to overtighten, thus pushing the economy info a recession at which point, they won't be able to get the economy out of recession as inflation remains elevated.

Conspiracy theories on social media are 99.999% nonsense. They simply give the uneducated & those struggling a place to put blame besides themselves. If I believed half this stuff, I would have given up learning how to trade 20 yrs ago thinking the system was rigged against me.

#ElonMusk loves playing games. I have said it before, I will say it again, he is sitting in his tower giggling at the chaos he can create. He says he has a "super bad feeling" about the economy on June 3rd, the exact birthday of the character #McLovin in the movie #SuperBad. Hmmm

Berkshire Hathaway (BRK.B) continues to raise cash, now having $381 billion. I still remember in 2008 when Warren Buffet used his cash pile to bail out financials like Goldman Sachs (GS) for an epic deal. He knows something big is coming and is preparing.

Bitcoin testing the major support of $92,000-$91,000. If it breaks and confirms, a significant drop is likely...potentially $75,000-$74,000.

Example of brainwashed fandom: Elon Musk selling billions in $TSLA stock but tweets about 3M cars made (tiny compared to other major car makers). Investors rush to buy stock. He's either selling b/c he thinks it's going down or because he is buying $TWTR. Neither good for Tesla.

It was almost as if the #FederalReserve saw the market rallying on the initial statement (change in language) and then had #JeromePowell come out and push the markets lower. Fed wants asset prices to stay down. If markets rally, inflation will be harder to get under control.

This appears to be playing out perfectly. If history is correct, the Nasdaq is eventually headed to 13,500, a 33% drop from the all-time highs. verifiedinvesting.com/blogs/…

I've always compared the .com bubble to the #crypto bubble and thus the collapse should be the same. The junk needs to be cleansed from the system to allow the best to flourish. 95% of the #Coins should go to 0. This looks to be happening now. #Bitcoin #Ethereum #Cardano #Solana

The irony of #oil going higher. The higher it goes, the weaker it will make the economy killing demand, thus the lower it will go. Add more rate hikes by the #FederalReserve and once this oil bounce is over, next stop is sub $50.

Amazing to watch as #Bitcoin never confirmed below the 2017 highs. Amazing to watch as it danced at that level, the bearish sentiment getting stronger & stronger. A pinch of technicals, a dash of psychology and the probabilities of a near-term bounce formulate. #Ethereum #Crypto

MicroStrategy (MSTR) buys another $4.6B in Bitcoin. Gotta wonder how much their buys are supporting Bitcoin vs. the real market.

Monster rally into options expiration. Makes me think there were a ton of puts that needed to expire worthless for institutions to maximize their profit on options they sold to the retail crowd. #Truth #StockMarket #Investing #Options #Trading #Bitcoin #crypto

History Lesson: In Super Bowl XXXIV (played in 2000), there were so many #DotCom ads played (total of 14 different ones) that it was dubbed the "Dot-Com Super Bowl" & marked the top before many went bankrupt. This Sunday, the Super Bowl has many crypto commercials...#Food4Thought

#FederalReserveChair #JeromePowell says the fight to tame inflation is 'unconditional'. We will see their resolve when unemployment goes from 3%+ to 10%+. Will their resolve be as 'unconditional' then? I doubt it. My guess is 3-4% inflation will be A-OK to start printing again.

Emotional radar is flashing as I see so many comments saying that the #FederalReserve will hike 75-100bps. Love it. Twitter becoming one of the most useful indicators I have.

Interesting Fact: The highest daily close on $BTC was Nov 8th, 2021. Here we are 1 year later to the day, with a blood moon lunar eclipse. Yeah, some crazy $hit was going to go down. Love cycles! $ETH $SOL $FTT $XRP $AVAX $BNB #Bitcoin #Ethereum #Crypto #Cycles

#Gold stages that lead to $3,000+/ounce 1. Good News Is Bad News This is the current state of the markets. Good news causes a Dollar and yield pop. Markets tend to sell slightly but a rising Dollar makes it hard for Gold to rally. Gold will chop sideways. 2. Bad News Is Good News This will be the next phase the markets enter in the coming months. The Dollar will fall, but stocks may rally higher as the odds of Fed hikes drop and the potential for cuts in rates jump. While a falling Dollar is good for gold, a risk on rally will keep some money away from gold. Gold will move higher, but not dramatically. 3. Bad News Is Bad News This is the final stage where the economy falls apart, inflation remains semi elevated and keeps the Federal Reserve from cutting rates aggressively. Stocks fall as the Dollar falls. This is the sweet spot for gold as it will likely breakout and head towards $3,000/ounce. @KitcoNewsNow @Stansberry @YahooFinance @SPGCI #Silver #Copper #Trading #Investing

The Dollar/Yen continues to explode upwards. Something will break, much like what happened in the UK. The world is near financial collapse because the #FederalReserve is overcompensating for being wrong on 'transitory'. So much for the 'measured approach', they always strive for.

$DXY reversing pop. Things top out when something very bullish initially causes a pop, then reverses & goes negative. I do have the the #Dollar into huge resistance + this should be peak $CPI print with oil, copper, nickel, lumber collapsing in last few weeks. #PeakInflation

The late day tank on the stock market yesterday does beg the question...who got the #CPI data before the public. That much volume & selling pressure was not just 'profit taking to be safe' before the data today that crushed markets.. #Food4Thought #Hmmm #InsiderInfo @TheDomino

Earnings releases from $GOOGL, $MSFT, $TXN + housing data today it is clear the economy is collapsing toward recession. Keep in mind, the last two 0.75 rate hikes have not filtered in, let alone the next one coming next week. Like 'transitory' the Fed will be way off again.

After patiently waiting for #Gold to pull back off its highs, it is finally nearing the buy level support. Note the chart below. #Investing #TechnicalAnalysis #Trading #Silver #BuyTheDip #StockMarket #Commodity

I sit behind a computer with screens surrounding me almost every day. Not good... Having a veggie garden and fruit trees is therapeutic as is getting some natural sun. Loving my cauliflower, tomatoes, beans, peas, peppers and papaya today. Hope everyone is having a wonderful weekend!

$META at $106 here reminds me of $NFLX when it was thrown out the window early in 2022 and traded down to $165 (now back to $300). I am a buyer down here, may take 6-12 months, but chart matches the fundamentals. #Stock #Trading #Investing

Bank of Japan intervenes to try and prop up the #Yen. Notice how the #WallStreetJournal comments about the Fed pivot coincide with the #BOJ intervention. It means they are working together to avoid total collapse. Doubt they avoid it longer term, but near-term...nice.

That pop was illiquidity meeting a break of the $32k level which triggered short covering. Classic. Now the real test if it can hold above 32k...or will it fail

Trader Market Update: Inside The Market Reversal First thing to understand is that $NVDA had no chance. The stock had gained 25% in a week on a $1 trillion market cap. The stock had gained 500% in 10 months. Earnings were amazing, but smart money realizes this is as good as it gets. There are 100+ semiconductor company's around the world, all working as fast as they can to make chips that equal or surpass NVDA's chips. Think of someone running, with 100+ dogs chasing nipping at their heels. Stock price reflects 6-12 months out, that means the stock now has to price in competition (lower margins). If the rally had held, the NASDAQ would have been up almost 4% in 2 days going into the Jackson Hole #JeromePowell speech. That would push JP to be more hawkish. Big money sold knowing it was a no win. Add in a global picture that is already a mess (China, Europe) and the potential for additional trade restrictions on selling these chips to China, it stacked the deck against the rally holding. Key Market Psychology: Always remember, markets/stocks top on euphoria. When everyone buys into the narrative there is no one left to buy in. One investor sells, more sell, panic sets in...the dump ensues. The reversal also speaks to a new dynamic in the stock market. Since the engulfing reversal candle on the $SPY on July 27th, 2023, the markets have clearly changed from buy the dip to sell the rip. Big money is unloading into every buy-the-dip of retail investors. NVDA was just reason (the biggest to this point) for institutions, using the excess volume to unload massive positions. I think it is important to note that this is nothing against NVDA. Amazing company, amazing CEO. This is just the life cycle of a leading company in a new industry. Note $CSCO in 2000, the internet bubble poster child as it was the only game in town for building out the internet. It ran from $15 to $80 in months, a $500 billion valuation. Inflation adjusted, that is around $1 trillion. Competition swooped in and it killed margins. It has never seen those highs again. M2 money supply has contracted in July by 3.2%. High rates are sucking money out of the system quickly. While the soft landing or no landing narrative continues to dominate, it is nearly impossible to achieve, though it does keep investors buying-the-dip. The employment picture remains solid, but underlying data suggests it is weakening. Part-time work is growing while full-time is dropping. $1 trillion in credit card debt suggests consumers have blown through their covid savings. At some point the spending has to stop. Credit card defaults, auto loan defaults are all jumping quickly. Friday, Jerome Powell will speak at 10:05am ET. Even with the market selloff, he is likely to stay hawkish as the Fed Minutes from last week suggest. While hawkish, the question remains will he guide the markets to expect another rate hike this year, or leave it open to 'data dependent'. On a technical basis, watch 4,335 on the $SPX. This is the recent low. Should that break, downside will come swiftly to 4,200. On the $NASDAQ, should 13,170 be taken out to the downside, 12,250 is next. #Gold price action has been very bullish the last few days. The #USDollar is at multi-month highs, surging today. Gold was higher today as well as the last few days. This shows money flow moving into the safety of gold. Upside continues to be probable. $TLT has started to bounce (inverse 20 yr yield ETF), suggesting investors may be starting to realize a soft landing will be harder to come by. #Bitcoin remains below support at 28k (now resistance). Probabilities suggest it still needs to test 25k. If that doesnt hold, 20k comes quickly. The $VIX popped today, but still well below levels showing fear. A market doesn't usually put in a pivot low until the VIX gets close to 30. It is currently at 17.20. Investors came into 2023 expecting a nasty first half, and a great second half. Just like markets do, it looks to potentially be the opposite. Investors caught off sides in the first half have loaded up long, now that everyone is long, the drop can occur. I will be doing my #GamePlan tomorrow LIVE at 9am ET. Tune in for the latest!

#Bitcoin tight wedge holding. Price coming to the point of the wedge, this tells us a bigger move in #Crypto is on the horizon. Be ready in the next 48 hours. Should breakout one way or the other. #Ethereum #Solana #Binance #Avalanche #Tether #Trade #Invest

$TSLA one of the biggest falls from grace in terms of stock price. From nearly $1.5T to $350B. Some is tax loss selling, some is economic, but a majority is @ElonMusk not making it clear to investors that he is 100% at the helm of #Tesla & moving away from #Twitter.

Called it this morning on #CryptoBanter with @cryptomanran. #Bitcoin near-term bottom finally reached. These charts say it all. $BTC #StockMarket #Investing #Ethereum #Polkadot #Avalanche #Ripple #Tether #Cardano #Solana

Just one of the reasons I still don't think this is a 'new bull market'. #StockMarket #BullMarket #Investing #Trading #Divergence #VerifiedInvesting #FederalReserve #Inflation #Recession

After an almost 35% vertical rally, $AAPL filled a major gap at $175. Technical factors signal an over 80% chance of a pull back off this level. A retrace to $158 is likely. #StockMarket #Trading #SwingTrade #Apple @KitcoNewsNOW @Stansberry @CNBCFastMoney

#JeromePowell said "banks are fine" in his press conference. Que the egg on face as this evening, regional banks collapsing. PACW -57%, many others down 10-30%. The guy legit gets everything wrong. Just assume the opposite of what he says. #FederalReserve #Banks

#Transports are a leading indicator for the #StockMarket & thus economic sentiment. $IYT (transports ETF) rallied sharply but kissed the 200SMA today. That implies a pull back in the transports & thus a pull back in the market. #Investing @KitcoNewsNOW @davidlin_TV @Stansberry

#Dollar fall tells us the markets believe the #FederalReserve is almost done raising rates after today's 75bp hike. My guess is Sept maybeeeee 25bps and its done. Hello nasty recession in 2023. But felt will be handcuffed to lower rates due to stubbornly high inflation (4%).

To the day, 1 month ago (July 14th) $NVDA topped out at $480.88. Today (August 14th) it hit a low of $403.11 before an epic rally. After hours today it is at $442. That is an epic 50% retrace of a drop that took 1 month in a $1 TRILLION company in 1 single day on no news, just buy-the-dip. You can't make this stuff up folks. Been trading for 24 yrs and don't think I have ever seen it. @davidlin_TV @scottmelker @leadlagreport

Did $BTC collapse from the $30,500 level? Oh weird, almost like there was major resistance. Hmmm. Wish someone had warned us all about that exact level........ #Crypto Riding some shorts & scoping out long levels. $BTC $ETH $SOL $MATIC $AVAX $DOT VerifiedInvestingCrypto.com

Just pointing out that no one should be surprised by the war on #Crypto by the #SEC. Did anyone expect the US gov't to sit idly by and be ok with monetary competition that would take control from them? Deep down they know they cannot get rid of it, but are pulling the #China card by knee capping it so their #CBDC can gain a foothold. #Bitcoin #Truth #RealTalk #Ethereum #Solana #Cardano

The signs were there......................I tried to warn everyone.

10 year yield broke key support on Friday. I don't believe in coincidences. In my opinion, this likely signals a surprisingly weak jobs report this coming week. Bond market 'smart money' always knows ahead of the rest of us...

Why is a debt downgrade from AAA to AA+ a big deal? Like lowering of a credit score, it means there is more risk giving a loan thus lenders (to the US) will charge a higher interest rate. When the US has $32+ trillion in debt, $1 trillion in interest payments per yr already + the private sector has $1+ trillion debt rolling over in just the next 6 months...it means higher rates for longer is going to happen and it will cause more stress on a house of cards that eventually collapses. Note: The fault here is not with #Fitch. Any idiot can see a downgrade is in order, you can even argue it should have happened long ago. Lastly, with debt to GDP for the US at 130%, it will hasten the debt bomb that is on the horizon. The 100 year cycle that matches with 1929 looks more and more reasonable imo. Don't forget the 100 yr cycle that just payed out with Covid/Spanish Flu. Why is the US Dollar going up? Because if the US is downgraded and is the still the 'best' house on the block, everyone else is screwed. The run for relative safety is on. Don't forget, Japanese debt to GDP is 250%. Note: Why has Japan used #YCC (yield curve control) for so long? Because if they didn't they could never pay the interest on all the debt. They were able to use YCC because inflation was 0. Now it is not. Now they are in a pickle and it wont end well. @davidlin_TV @DanielaCambone @MichelleMakori @YahooFinance @markets @CNBC @MarioNawfal @FoxBusiness @GuyAdami @CarterBWorth

Japan CPI hits 10 month high as Bank of Japan signals more rate hikes.

When $BBBY pops 70%, $AMC jumps 22% and #crypto is in rally mode, you know investors are expecting a REALLY GOOD #CPI number tomorrow. Risk on baby! Bring back 2021. Makes me a little nervous frankly lol. 8:30am ET it hits.

Trader Point of View on #ElonMusk buying $TWTR. The only reason #Twitter accepted the offer 2 days before earnings is because earnings are likely bad. If they rejected the offer and the stock tanked on earnings, they would be in big trouble. #FiduciaryResponsibility

Look at that #USDollar fall. Markets just love it. Dollar down is a risk on signal. How long will it last....

I believe in #Zuckerberg and his long term vision. It will likely make @Meta the most valuable company on the planet. But he also has to realize that investors dont care about 10 years from now, they care about 6-12 months from now. Long-term vision collides with near-term greed.

Still VERY possible to see the pre-Covid $SPX highs at 3,390 before year end. If not, high probability in first quarter 2023. Fed pushing economy towards a recession it won't be able to get us out of, as inflation will remain sticky at 4-5% longer-term. #StockMarket #Recession

Folks. Stop paying attention to the headline #CPI number that retail watches and start paying attention to the core CPI number that big money watches. That is the key. lol

After $BTC failed here, I expect a pull back to $41,000. If history repeats, a move to $50k, maybe $52,500...then a fall to $24,000, then $18-$20K. Should be fun to trade and watch.

#Bitcoin playing out as the technical chart alerted us. Banked 25% on #Avalanche short, nicely in the money on #Ethereum and #Solana short. When $BTC was at 25k, FOMO was strong but charts told the truth. Here is the chart of key levels.... #Crypto VerifiedInvestingCrypto.com

Things to look for in tomorrow's #FederalReserve statement. 1. interest rate hike (75bps expected). 2. Commentary about pivoting (future hike guidance). 3. Press conference questions on what the Fed does if economy spirals into deep recession. 4. How many dissent within Fed.

Bullish sentiment indicator is strong among retail. Close to a red flashing light. Be VERY careful going into September when summer light volume subsides. #StockMarket #StockTrading #Inflation #CPI #Investing #Trading

Likely 3 month probability forecast on #Bitcoin price action based on bearish megaphone pattern, still holding valid head/shoulder breakdown. It is negated if price confirms above $50k, til then, this is the likely outcome. #Ethereum #NFT #Crypto #TechnicalAnalysis $BTC $DOT $BNB

New video release coming: Topic will be why the S&P & NASDAQ won't make new all-time highs for 15 yrs and where to stash that cash....Should be released around 12pm ET. #BreakingNews #StockMarket #TechnicalTrading #WinningTraderSeries #Investing #FederalReserve #Crypto

Yup. That is a #ToppingTail. Classic blow off top/institutional distribution signal. Also, notice the euphoria amongst retail. Nuts. Good eye!

If you are a #StockMarket bull, this is the last thing you wanted to see. A nasty reversal of the #FederalReserve induced rally. Fed can only prop the market up for so long with comments when they keep pulling out liquidity, hand over fist. Not good for #Crypto either.

Same type people who were calling for #Bitcoin to hit 100k by the end of Nov 2021 (when it was above $68k in early Nov 2021) are the same ones calling for $200 #CrudeOil. By type people I mean EMOTIONAL type people. Instead, look at the charts and base decisions off probabilities

Cover Alert in #Bitcoin & #Ethereum. Banked $BTC +13.59% and $ETH +9.78%. Just stacking w/ members as we shorted when everyone was screaming breakout. Of course the chart was RIGHT into resistance. 37 trade alerts since Nov 8th (service launch), 36 wins, 1 loser. Congrats members

2nd largest economy #China is in deep trouble... ---Retail Sales missed: Rising 2.5% vs expected 4.5% ---Industrial Production missed: Rising 3.7% vs expected 4.4%. ---Fixed Asset Investing missed: Rising 3.4% vs expected 3.8% Remember, when China reports numbers, economists assume they are far worse than those actually reported. So things are NOT good in China. In addition, ---China stopped reporting youth unemployment numbers which are estimated to be above 20%. ---China central bank cuts interest rates in surprise move from 2.65% to 2.50%. Analysis: The post covid spending spree in China has fallen flat. Unemployment remains high, unlike the tight labor market in the US. Government controls are keeping foreign investors out and businesses are diversifying supply chains to other countries to avoid further trade war repercussions. For example, the biggest trading partner for the US is now Mexico. With deflation, the Chinese gov't will start printing heavily again. Being the second largest economy in the world, this is worth noting.