Wall Street Daily
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Wil post a small video today, explaining the fundamentals that are at play. In the mean time, to get an idea, have a look at DXY.
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By Friday, this previous top will be revisited.
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We have 15 days to hit bottom, however, I think that the bottom has already been hit on the 11th of March when we hit 76.6K. Two reasons for this. 1) It coincides perfectly in both time and price, with my double top chart. 2) BTC has been under fire from continuous etf outflows, tariff trading wars, FUD from institutions/retail and being caught in a negative sentiment that controls markets right now. Yet it proved itself resilient, resisting to bend below 80k on many occasions. Markets are weak because billions are leaving the s&p and going to European equities and the Chinese stock market. This has a ripple effect on crypto, not because BTC is weak, but because there has to be a ripple effect. This is perfectly reflected from yesterdays trading. BTC started sideways, then the s&p started falling and BTC followed, then the s&p continued to fall while at some point BTC recovered. It had to go down because the s&p went down, but once it approaches 80k, it goes up. I could be wrong, but I think the bottom has been reached. We have 15 days to prove me wrong. Is the 19th critical? Yes, but at the time of wriiting this, I expect more of the same (robust economy, good employment, higher for longer). Nothing else.
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I think that a lot of people will have a hard landing during Powell's speech on Wednesday.
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Markets are looking for hints on when will QE begin, or at least when will QT start to relax. If Powell repeats his , 'we are not in a hurry' routine, they will not react well. Best case scenario, he will be neutral. I think its too early for him to be dovish. He may leave that for May.
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Today premiums will get an important video and where we are heading for the next 2 months and beyond.
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This is a reminder because its renewal time for many subscribers. The subscription premium link is https://t.me/+hTBCSz-Kb_g3M2M0
Payment is roughly $10 and will be in telegram stars and can be paid by credit card, or by crypto using https://fragment.com/stars.
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Trump is continuing to be unpredictable and vague about tariffs. He now indicated that there might be some discounts. He is basically weaponising tariffs. He wants other countries to move their factories in the US. Hyundai has committed to factories in the US so expect discounts for S.Korea. Other countries are watching and are likely to be forced to do the same. This will ensure strong employment in the US.
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I'm slowly turning more bullish today
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Simplify your thoughts. The direction of BTC is now determined by this channel. Strong lines of bounce are the top trend line (top of channel) and the mid trend line (dotted line in the middle of the channel). The current sentiment is positive, so look at the levels near the top of the channel and beyond. When the sentiment turns negative (and its natural to do so in order to punish longs), then look at the levels, near the bottom part of the channel. This is your mid term scalping strategy.
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In the meantime, we are green and the s&p is red. Not a problem, it's usual as this is common. However in order for this to benefit us, this phenomenon has to continue for about 2 weeks. If this occurs (and I cant remember the last time it did, if ever), then you will see massive liquidity flowing from stocks to BTC. Right now, this has very low confidence of happening.
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Today, wall street should not be under too much pressure (unless a crappy announcement is made). Pre markets are slightly in the green so less pressure on stocks=less pressure on crypto.
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I will have a surprise gift for you in the near future (few days). Keep watching.
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I'll tell you from now, I will give some of you, free access to my premium channel for 2 weeks. Only a limited number available, so it will be first come first served.
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Wall Street Daily
I'll tell you from now, I will give some of you, free access to my premium channel for 2 weeks. Only a limited number available, so it will be first come first served.
Today at some time, I will give you the link that will enable you to have free access for 2 weeks. Be on the look out. Limited seats available, so first come first served.
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Link in 1 hour.
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This is the link that will give you free 12 days of premiums so that you can get an idea of what we are all about. Limited seats available. https://t.me/+pLKHeo9UVZ1mOTg0
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200 places filled in less than 2 minutes.
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Volatility is up nearly 12% and premarkets are down.Expect a red day (at least initially).
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