Gm
Looks like no Saylor buys from last week either, got reported today bc of labor day.
I also removed the BTC bids we had up. Unlike ETH I think this BTC charts looks worse. We’re basically in thiis 76-81K range and usally trading in the middle of it it just asking to get chopped up and lose, so I will wait for either the range highs or range lows here. On the other hand ETH has been much stronger but rejected from this $2,520~ area like 6 times now, each tap of that makes it weaker and same case goes here, anyone who has tried to long any of those breakout attempts just ends up taking an L, so for ETH too I want to see a true break of $2,520 before longing or buying spot.
Looks like no Saylor buys from last week either, got reported today bc of labor day.
I also removed the BTC bids we had up. Unlike ETH I think this BTC charts looks worse. We’re basically in thiis 76-81K range and usally trading in the middle of it it just asking to get chopped up and lose, so I will wait for either the range highs or range lows here. On the other hand ETH has been much stronger but rejected from this $2,520~ area like 6 times now, each tap of that makes it weaker and same case goes here, anyone who has tried to long any of those breakout attempts just ends up taking an L, so for ETH too I want to see a true break of $2,520 before longing or buying spot.
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ETH LONG
Entry: $2,510
SL: $2,410
Will attach chart & reasoning in a few.
Entry: $2,510
SL: $2,410
Will attach chart & reasoning in a few.
❤8🔥2
Posted about this the other day, ETH been crazy strong and looks so primed to breakout. Matter of when not if imo. So I wanted to get long here with a decent wide stop and let’s see how it plays out. Reminds me of hype chart consolidation before it broke out also
❤4
Farzad
ETH LONG Entry: $2,510 SL: $2,410 Will attach chart & reasoning in a few.
Cut this for now.
-1.2% loss
-1.2% loss
There’s some big data/numbers coming out within this next week, CPI/PPI, and FOMC and affects markets a lot so hoping for some dips because of those and we can position into that
Farzad
There’s some big data/numbers coming out within this next week, CPI/PPI, and FOMC and affects markets a lot so hoping for some dips because of those and we can position into that
GM PPI numbers came out 50min ago & market fell a bit on that. Very happy I cut ETH where I did or else would have got stopped out and lost way more. CPI numbers also come out tomorrow morning at 8:30AM EST
Farzad
Gm Looks like no Saylor buys from last week either, got reported today bc of labor day. I also removed the BTC bids we had up. Unlike ETH I think this BTC charts looks worse. We’re basically in thiis 76-81K range and usally trading in the middle of it it…
Visiting the range lows on BTC now, need this to hold or only wick under if anything & close back above. Close below here on like a higher timeframe and it’ll get ugly imo
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U.S. CPI: +3.4% YEAR-OVER-YEAR (EST. +3.4%)
U.S. CORE CPI: +2.4% YEAR-OVER-YEAR (EST. +2.4%)
U.S. CORE CPI: +2.4% YEAR-OVER-YEAR (EST. +2.4%)
okay glad I didn’t fomo either of these, hopefully no one got fucked on the moves today
hard market still, very macro driven
will keep an eye out on stuff but otherwise have a good weekend boys
hard market still, very macro driven
will keep an eye out on stuff but otherwise have a good weekend boys
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Weekly Market Recap 9/13 📊
Happy I didn’t trade this weekend, very choppy and meh conditions and also glad we didn’t FOMO long the ETH breakout that I was waiting for, it baited a lot of people and way below now.
FOMC is this coming week which I mentioned few days ago, gonna have a big impact imo depending on the rates and presser afterwards.
HTF charts look pretty good tbh but anything LTF looks a pretty shitty (attached BTC HTF vs. LTF charts) which hopefully a good FOMC can fix that. Most likely won’t take any trades till at least FOMC on Wednesday.
Happy I didn’t trade this weekend, very choppy and meh conditions and also glad we didn’t FOMO long the ETH breakout that I was waiting for, it baited a lot of people and way below now.
FOMC is this coming week which I mentioned few days ago, gonna have a big impact imo depending on the rates and presser afterwards.
HTF charts look pretty good tbh but anything LTF looks a pretty shitty (attached BTC HTF vs. LTF charts) which hopefully a good FOMC can fix that. Most likely won’t take any trades till at least FOMC on Wednesday.
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