Wealthmanager
18.7K posts
@Wealthmanager
Trader, Investing, Economics, News, Bitcoin, Crypto & Stocks. Join 18k+ investors building long-term wealth.
I’m short SpaceX.
$BTC saw a small dump last night due to renewed escalation in the Middle East. Because of this, oil prices moved higher again, which is bearish for risk-on assets. However, I still see this as a healthy retest within the current LTF uptrend. I view this as a potential long opportunity. Still expecting a move towards $67,000.
$DXY is rejecting crucial daily resistance. This is a bullish sign for risk-on assets.
INSANE CRASH IN JAPAN 🩸 Nikkei is down -2.60% today, wiping out ¥27 trillion from its market cap. In total, ¥82 trillion has been wiped out from the Japanese stock market in the last 21 days.
$BTC saw a small dump last night due to renewed escalation in the Middle East. Because of this, oil prices moved higher again, which is bearish for risk-on assets. However, I still see this as a healthy retest within the current LTF uptrend. I view this as a potential long opportunity. Still expecting a move towards $67,000.
$BTC continues to look strong. Monday's low has held perfectly as support, keeping the bullish structure intact. It now appears to be a matter of time before we retest the range highs around $67,000. I would be very interested in a short position around that level.
So far, last Monday's wick, triggered by the news that Michael Saylor had sold $BTC, is holding as support. Buyers are stepping in at this level 👀
$BTC has continued to hold Monday's low and is now showing signs of strength. Price has reclaimed the key $63,000 level. The next resistance to watch is $64,500, followed by $67,000 if momentum continues to build. I expect $BTC to continue higher toward $64,500 from here.
Put @breakoutprop to the test and the results are in: $100,000 Funded Account secured. I wanted to see for myself if they are the real deal before backing them. They absolutely are. Smooth process, great conditions. Skip the doubt and start your challenge with max discount using code: WM breakoutprop.com
Semiconductor stocks sold off again today, including $MU. Micron is now down 18% over the last 5 trading days. Yet the fundamentals haven't changed. Demand for its memory products continues to grow, and in some segments the company is struggling to keep pace with demand. Over the long term, stock prices follow earnings. As Micron continues to grow its earnings, I expect the stock to do the same. I added more shares today.
