Neutral
It's too early to be Bullish on BitcoinAs I put aside all news and prior catalyst and focus purely on the Price Action of Bitcoin, my analysis shows that BTC has not yet confirmed a Bullish sentiment.
BTC still has not broken out of the channel it has followed from 48k to it's recent low up 17.7k, with that being said I need to see a break of structure to the upside to feel confident taking any potential longs on the HTF.
Please refer to the chart below for a better understanding of the Market Structure that has taken place during Bitcoins downtrend.
As you can see, BTC has continued to follow this channel and follow the cycle of Accumulation and Expansion/Distribution
The power of three(Accumulation,Manipulation,Distribution) can also be used to map out these large areas of accumulation for lower timeframe trades. If you're interested in learning such I've published an Idea on ADA with the same principles I used to Catch a BTC long from 19.3k-21k
I am very aware and up to date of our current market sentiment, I understand we have seen some bullish news and signs of a relief bounce on the S&P 500. Along with the fact that we have had a lot of volume for a crypto weekend, and we could very well have a positive week, I am just demonstrating the fact that BTC still hasn't confirmed a reversal to protect fellow traders.
SPY Daily, possibly head and shoulders bottom forming.This is the SPY daily with the Cash in/Cash out report set to 10 on the input. This means the indicator and chart are showing 10 rolling days of sums of cash into and out of the market. There have been more positive days than negative and a possible head and shoulders bottom appears to be forming. However, the price is still within the negative trend channel. Pay close attention to price action where trend lines collide. For now, I am neutral on the SPY. I believe there is an inflation report coming out tomorrow, let's see what happens.
The Cash in/Cash our report is a free open source indicator here on tradingview. If the indicator gets 1,000 likes it will become a free iOS and Android app. Give it a like if it makes or saves you money! Good luck friends!
$EVRG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $EVRG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.