Following the blue line with lower highs but not lower lows. For now this is good. Under normal circumstances I would say to you that a break up is imminent tomorrow, but I cant make this call because of the tensions. Today we had some data coming in which was better than expected, showing a healthy economy, but did not affect the markets (that's how nervous they are). Tomorrow we have important Unemployment and Non farm payrolls data. If they come in better than expected, we go up, but any news on the war front will overshadow this.

If BTC goes below 60017, start dca'ing.

I have a higher confidence of BTC breaking below 60017, than breaking above the blue trend line.

BTC followed normal chart pattern which is great news. It went up instead of down (I had a higher confidence for down- re- read attached post). Today looks a bit better than yesterday. By better, I mean that we may have enough strength for sideways action. Both BTC and ALTS will be sideways and this is valid for the next 7hrs. I will give a more detailed report in 3 hours.

Todays pre-markets are slowly poking out their heads to have a look and are slightly in the green. This shows that markets are testing the waters. Currently, NVDIA pre market price is slightly in the red so if this continues until markets open, we might see some pressure on the s&p, as they make up of a lot of volume.
The VIX and DXY are both in the red as I write this, and this is what is helping us right now. There is a greater liquidity in ALTS than BTC, but they should both be in the green for the next 5 hrs, perhaps alts gaining more. Now OIL is still rising, and this is what the big boys are reading. They are cautious and they show this by the continuous BTC etf outflows. This will continue as long as oil rises. Its in BTC's resilience that we have not dropped more, despite of these outflows.

Today, marks the end of Jewish New Years. Brothers and sisters, I think that after markets close today, they will strike. They will strike while markets are closed, perhaps this is the condition of Biden. He doesn't like what is happening to the markets 1 month before election. Whether they strike Friday night or Saturday night is not important. What is important is that the markets should be closed when that happens, so by the time they re-open on Monday, most of the initial shock would have been evaporated.

Data coming in one hour.
Unemployment rate (previous 4.2 forecast 4.2)
Non farm payrolls (previous 142k forecast 140k)
If these numbers come as expected, we are good. If the unemployment is reduced (4.1) then we are also good. If Non farm payrolls come much better than expected, together with reduced unemployment (4.1) then despite the good news markets will react -ve because the FED might see everything being well, and think twice about a rate cut in November (unlikely). I think that despite of everything, there will be a 0.50 cut by the end of the year (2x0.25 or 1x0.50)

Pre markets are picking up. Do they know some data to be announced in 1 min?

Unemployment dropped to 4.1 Non farm payrolls a massive jump to 254k

We wait market reaction in 1hr

Pre markets are responding quite well, and so is BTC. Dont forget,they carry less volume and easily manipulated. True direction will be give 2 hrs after they open.

We might re-vist 60857 again, but we are ok for now. As predicted alts do better, but dont get too optimistic. We follow the s&p. I prefer days like today, small red daily candles.

60857 as predicted.

I like this reaction. It confirms thatv markets want to digest bad news and move forward. 63220 is achievable but dont forget that we are exposed to a bearish event. Short term, we will go down before we go up. I can see the light at the end of the tunnel.

Maybe this attached post can explain why crypto is greatly outperforming wall street today. A word of caution though. After punishing shorts, the rest to be punished are longs.

I would usually expect some more volatility in about 5 hrs, but I think everyone is much more cautious this weekend, so best case scenario is sideways for BTC. For ALTS. I think that they will have the same performance as BTC.

We are victims of circumstances. This week starting from Tuesday should be the most bullish week in October. Inflation numbers are coming out and they will be good, showing a decrease in inflation, paving the way for the FED's 2% inflation target. This would have placed the s&p above 5800 , and on its way to the magical 6000. This translates BTC price at above 65k and heading for 67k by Friday. it can still be a bullish week if, we get retaliation today or tomorrow, or nothing happens on the war front, during the entire week.

By the way, yesterday we went from 1500 subscribers to 1600 in a single day. Thank you, and a huge welcome to the new members. Scroll up and catch up on what we are doing. If you have any questions, ask them in BCW free chat and I will answer. Mr S.

For the new members, know that my outlook for October is choppy until the 20th with a gradual up direction. This prediction was made more than 2 months ago and therefore made prior the recent events in the middle east. This choppiness, as a result is for now, magnified, but for now, my prediction is still valid for me.

On Monday, I will give you a detailed report on where we are going according to cycle and traditional charts. Simple charts, simple language.

This is playing out as predicted. From now on, as more hrs pass, the weaker the action will get.