Nvidia's latest earnings came in around expectations with a slight increase in Q3 guidance. There are doubts over the company's Blackwell chips and some profit-taking, or negative news, may emerge ahead of future earnings.
The strong day in Nasdaq 100 yesterday has only squeezed above the weekly high of last week. Signs of exhaustion in the indices today and we could see 15,000 again as early as tomorrow.
Bitcoin's mid-December low was a year EXACTLY from the 2017/18 high near 20,000.
Bounce faded as all do but good daily bar and bouncing between 61.8 and 50 fibonnacci. More long than short based on sentiment and monthly.
Bitcoin has some similarities to a mid-July 2017 low (based on a model I use). This window of 28th-30th November is CRUCIAL. Buying pressure is there on the long side but masked by the panic sell. Look for a potential short squeeze. The $3650 level would be a good weekly hold but Friday is the monthly close a rally above $4000 is where we need to go. Target would...
