In 2 weeks, the Fed will cut rates and "blame" a weak labor market.
The US unemployment rate for 16-24 year-olds is up to 10%.
The labor market is weakening into rising inflation.
Stagflation is here.
Follow us @KobeissiLetter for real time analysis as this develops.
$OTHERS weekly
Cryptocurrency market cap excluding top 10 coins
The market is messing with us by creating such poor sentiment from sideway chops that demoralized even the most insane of HODLers
The reality is that it's chopping sideways, and the technicals keep looking better
1. Finding market strength and weakness
The easiest way to find out if the markets are trending is to:
Pull up a chart on tradingview.com
and add the 8, 21, 50 EMA's
EMA's can be used as a momentum gauge for when the markets are the hottest and…
SEPTEMBER WORST MONTH IN 70 YEARS
If history repeats -- these Fibonacci levels could mark where the next pullback hits in growth stocks.
AI Hardware
• $NVDA -- $147
• $ARM -- $119
• $TSM -- $205
• $AVGO -- $248
• $AMD -- $145
AI Infrastructure
• $MSFT -- $475
• $AMZN…
#Bitcoin monthly may be looking awful with a possible tweezer top in play, but the weekly chart is showing the 0.236 fib channel level is an important battle zone and it's currently back-testing it as support.
The reason BTC Dominance is likely going to find a low soon (plenty of lows for dominance in September) and start going back up is because there are only 3 outcomes for the price of BTC and all 3 outcomes historically tend to lead to dominance going higher.
1) If BTC bounces off…
🚨JUST IN: El Salvador just moved its entire $680 million Bitcoin reserve over quantum threats.
All 6,283 $BTC is now spread across 14 wallets, each capped at 500 BTC.
$BTC Weekly Chart
Inverse head & shoulders pattern, breakout above the neckline, backtest of the neckline.
As long as price stays above the neckline, this is a very bullish setup.
$MSTR Weekly Chart Update
Closed the week above the 1.272 log Fibonacci support. Weekly Bollinger bands are squeezing, indicating a large move could be coming in the next weeks.
$MSTR Weekly Chart Update
Closed the week above the 1.272 log Fibonacci support. Weekly Bollinger bands are squeezing, indicating a large move could be coming in the next weeks. https://t.co/yZ5BzMx3Zp
I didn't forget my fellow $IREN bulls...
$IREN's power pipeline is 3GW.
Assume Grok is correct that data centers will charge 8x more per kW used than current market rates as demand skyrockets: $2.6M/MW -> $21M/MW
Total Revenue: 3,000 × $21,000,000 = ~$63B
EPS: $63B / 241.9M…
Easy to see the dip buying spots when you add multiple technical confluences.
- AWAP
- 50 SMA
Both said $150 is a strong support to add at.
Please take a moment to understand- The 🔑is to be ahead of others in spotting these zones & Be a Contrarian trader.
$PLTR
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