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Gareth Soloway
@GarethSoloway
27 yr Pro Trader | Technical Analysis, Logic, Probability, Psychology, Institutional Analysis | Stock/ETF Alerts, Crypto Alerts, Commodity Alerts
Tampa, FL
Joined March 2011
Posts
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    #Bitcoin flushed through 28k. With so little volume, stops triggering can cause an outsized move (flash crash). Rumors that SpaceX dumped its holdings (unconfirmed) exacerbated the selling and increased the dump with so few buyers available. SpaceX did write down some of their
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    My high end 20k #Bitcoin target has been officially achieved & pierced. Many a doubter when we were at $65-$69k but as always, truth of charts are greater than the emotion of the retail crowd. #Crypto #TechnicalAnalysis #Ethereum #Trading #Investing
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    No one talking about it, but the 10 year yield just tagged 4.50%. Rising yields and a rising stock market usually do not last for long together.
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    Warning from someone who has seen 25 yrs trading bull/bear markets in #Stocks, #Commodities #Crypto. Bear market rallies make you believe a new bull is here. #FOMO off 30% $BTC run is insane. Note $TSLA chart, multiple 30-50% bounces. BTC hasnt taken #FTX collapse high out...
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    5 Reasons #Bitcoin has a near-term bottom. 1. Perfect measured move (note the chart). 2. Stops and weak hands flushed out below $20,000 (classic market action). 3. Extreme oversold condition (RSI 20ish). 4. 10 year yield likely topped (risk on), 5. Dollar likely topped (risk on).
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    Did #Bitcoinโ€ฏโ€ฏโ€ฏ just give up its gains from $25,300 to $23,700 as max fomo hit? Hmmm. So weird that would happen again? Hope you weren't one that FOMOed in above 25k. Same people that bought at 65k got taken again. Big money knows the psychological triggers.
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    How I know the bear market in #crypto isn't over? The toddler bulls are out in full force. They all joined investing in 2018 or after & have never experienced a 'rip your face off bear market rally'. Me? Been through about 100 in stocks, commodities, currencies & crypto. #Bitcoin
    GIF
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    Word hitting that the #FederalReserve will do another 75 bps in Nov then pivot. Dollar starts to fall off highs. Fed maybe just got the message of how close the world was to financial collapse.
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    The great #merge was a classic 'sell the news' event. Watching the key $19,500 level again on $BTC. Has never confirmed below. Once it does, small support at $17,500, if that breaks.... $12,000-$13,000. #Ethere
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    #JeromePowell dovish tone today. Smart money has to start wondering what he sees on the horizon (in terms of a recession) as to why he wants to pivot so quick. Always think 2 steps ahead. Something is up and he is looking at the real data behind the scenes. #FederalReserve
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    #StockMarket warning: $SPX & $NASDAQ sharply higher but $VIX (volatility) is not dropping. This tells the trading community smart money is buying protection & to be careful. This isn't to say we cant go up for a few days, but is a bigger signal of trouble looming.
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    Ton of bearish sentiment out there on Twitter in regards to #Crypto. Not surprised to see it catch a small bid. Will be releasing a video later giving the date/price per my calculations of a bottom, just like I did with the top. $BTC $ETH $XRP $SOL $AVAX $BNB #Bitcoin #Ethereum
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    Top 5 Things Every Trader Should Be Watching This Week... 1. #NVIDIA $NVDA Earnings Wed (After Market Close) This stock has become the golden child of the stock market and the risk on environment. Valuation is insane but justified by bulls based on the incredible growth #AI is
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    With my high end target being achieved, I now am comfortable enough to begin a tiny HODL position (1/6% of what I intend to accumulate) here at 19k, fully understanding that #Bitcoin will likely go to my second target of $12,000 & perhaps below. I will slowly add every 3k down.