Muri001

Muri001

Critical news coming: - FOMC - Core PCE - Tech giant earnings Looking for 60%. Sabr.

Muri001

We are in the midst of a possible fake out and experiencing the move higher above resistance between 102-3. Fib based on Dot com high to 08 crisis. Key factors for speculation to play out: - FED is hawkish during July FOMC - Core PCE comes in hotter Other impacts: - Oil breaking higher with confluence (Inflationary) - Gasoline 52W high and set for moves...

Muri001

Fairly self-evident; Top of rising channel, RSI near 70.

Muri001

Confluence: - Possible rejection from rising channel - 0.786 fib level going to test golden 0.618 fib level - extended from 50D SMA Contributing factors: - 68 RSI - Extreme greed in stock markets - Recession still to play out Short opportunity with 4% downside. Depending on FED speech, Core PCE numbers, and major stock earnings, we could be headed to test...

Muri001

Possibly forming head and shoulders? *DUBIOUS SPECULATION!* Wait for confirmation & confluence

Muri001

Candle currently looks to be rejected from 0.786 ($1972) along with 20W SMA and starting to form short term downtrend. Are we getting ready to put our sexy shorts on based on FED Chair speech on 26th July? Wait and see for confirmation, confluence is building.

Muri001

Markets are irrational with extreme green in stock market and labor market is persistently strong which stops FED from pivoting. When they begin to cut rates, it could be because something has broken in the markets... Cash is king, for now. But damnnn am I so bullish long term on crypto!!!

Muri001

Bullish: - SPX and NDQ getting close to ATH - Inflation "transitory", recent 3% CPI print - "Consumer still strong" - "AI will massively boost productivity" - AI advancements - Strong labor market Bearish: - Blackrock ETF filling & CEO going on CNBC hyping BTC (short term bearish) - Wage growth (5.74%) - Core CPI at 4.8% - Core PCE 4.6% (!!) - "This time is...

Muri001

It is time! 1034D of bear markets. Link will replay being ahead of crypto markets similar to 2018

Muri001

We are yet to see first, a pullback by BTC coupled with stock market correction and destruction of Alts. Capitulation by both price and time. Notice in prior cycle with 714 days of red and current 574 days of red at most recent bottom of TOTAL3. NOTE: 2020 Feb-March has been omitted as a black swan (anomaly) Recession is looming and true scale to be surfaced....

Muri001 Updated 

Ignoring black swan pandemic, bitcoin was set to test $3k to fully shake out all weak hands. It is 2023, we've had 5 green monthly candles. There are talks of the Blackrock (575-1) Bitcoin ETF as well as all the previous institutions waiting to get their hands on a spot bitcoin ETF. Furthermore, Larry Fink, Blackrock CEO went on CNBC to push Bitcoin to the world...

Muri001

LL's after LL's. Bitcoin spot ETF to come in U.S. within the year. Altcoin reckoning (real) is yet come...

Muri001

Wyckoff Accumulation is working in phase D with phase E (markup) soon to come. Relevant recent news: Blackrock CEO going on CBNBC and talking about how Bitcoin is a hedge currencies and yet Bitcoin fails to decisively blow past $32k. Whilst stocks are enjoying the 3% CPI print, recession is yet to be fully priced in nor underlying threats to financial system due...

Muri001

Tags: Blackrock Bitcoin ETF, Inflation, PCE, FED, Wage-price spiral, BTC.D, ETH/BTC Could we be mimicking 1970's market? So last PCI reading came 3% but core CPI is still high and Core PCE (FED's preferred inflation measure) has been sticky in 4.5% area for past several months. Whilst inflation expectations have been tamed by FEDs continued "We remain focused on...