DiveInDefi
Which doesn't look like it right now. I don't really see any support until 90k at this point tbh...
Next major support on SPX is another 3.55% from here.
This would somewhat align with a 89-92k range with BTC.
This would somewhat align with a 89-92k range with BTC.
97.7k is the first we need to reclaim, then obviously 100k. Which won't be easy
👍1
DiveInDefi
97.7k is the first we need to reclaim, then obviously 100k. Which won't be easy
Rejected off 97.4k and another low...
BTC is giga weak..
BTC is giga weak..
DiveInDefi
First green daily!…on a weekend…
Weekly is going to close below the 50W MA for the first time since March 2023.
This is one trend break many traders are looking at.
I expect a lot of derisking in the coming days. This close is a strong indicator of an upcoming bear market.
lower time frame bullish is that 89-93k range which is a heavy support. As always, weekends are a scam and these moves usually revert for the following week.
I would expect a decent bounce off that range and a retest of 100k within the next days/weeks. However, I am highly sceptical of a sustainable reclaim of 100k given the past days of PA.
A reclaim is the hopium for sure and would make this current move a bear trap. (=hopium does not mean high probability)
Next pivot points: 89-93k and 100k.
This is one trend break many traders are looking at.
I expect a lot of derisking in the coming days. This close is a strong indicator of an upcoming bear market.
lower time frame bullish is that 89-93k range which is a heavy support. As always, weekends are a scam and these moves usually revert for the following week.
I would expect a decent bounce off that range and a retest of 100k within the next days/weeks. However, I am highly sceptical of a sustainable reclaim of 100k given the past days of PA.
A reclaim is the hopium for sure and would make this current move a bear trap. (=hopium does not mean high probability)
Next pivot points: 89-93k and 100k.
👍2
DiveInDefi
Weekly is going to close below the 50W MA for the first time since March 2023. This is one trend break many traders are looking at. I expect a lot of derisking in the coming days. This close is a strong indicator of an upcoming bear market. lower time…
Main support hit. If this doesn‘t hold, I don‘t know what will.
DiveInDefi
Main support hit. If this doesn‘t hold, I don‘t know what will.
If we break 94k, it actually looks like a bottom now.
DiveInDefi
If we break 94k, it actually looks like a bottom now.
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Everything will be clearer when Nvidia reports their earnings in a few hours from now.
By the way, we had exactly the magical 30% retracement.
This is the magical retracement of btc in bull markets. If we don‘t pump now, it really is over
This is the magical retracement of btc in bull markets. If we don‘t pump now, it really is over
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Forwarded from infinityhedge
*NVIDIA 3Q ADJ EPS $1.30
*NVIDIA 3Q REV. $57.01B, EST. $55.19B
*NVIDIA 3Q ADJ GROSS MARGIN 73.6%
*NVIDIA 3Q DATA CENTER REVENUE $51.2B, EST. $49.34B
*NVIDIA SEES 4Q REV. $63.70B TO $66.30B, EST. $61.98B
*NVIDIA 3Q REV. $57.01B, EST. $55.19B
*NVIDIA 3Q ADJ GROSS MARGIN 73.6%
*NVIDIA 3Q DATA CENTER REVENUE $51.2B, EST. $49.34B
*NVIDIA SEES 4Q REV. $63.70B TO $66.30B, EST. $61.98B
🤯1
Forwarded from infinityhedge
US SEPT. NFP: 119K
US SEPT. UNEMPLOYMENT RATE 4.4%
US JULY PAYROLLS REVISED TO 72K FROM 79K
US AUG. PAYROLLS REVISED TO -4K FROM 22K
US SEPT. TWO-MONTH PAYROLL NET REVISION SUBTRACTS 33K
FED SWAPS CONTINUE TO INDICATE DECEMBER RATE CUT UNLIKELY
US SEPT. UNEMPLOYMENT RATE 4.4%
US JULY PAYROLLS REVISED TO 72K FROM 79K
US AUG. PAYROLLS REVISED TO -4K FROM 22K
US SEPT. TWO-MONTH PAYROLL NET REVISION SUBTRACTS 33K
FED SWAPS CONTINUE TO INDICATE DECEMBER RATE CUT UNLIKELY