Welcome to the 3rd Market Update Issue.
Quite a move in the market. A decisive one in my opinion.
Today I had planned to update on the more holistic market view, incorporating signals such as DXY, BTC.D, altcoin cap, and others as I have in the past.
Given Friday’s move, I’ve decided instead to update on BTC, both high and lower timeframe, to cover in detail what I am watching, and the significance of the recent move.
Next week I will present the more thorough market view, and likely begin looking at some multi-month altcoin targets.
Announcement
Before we get started, I have an announcement.
Based on community feedback, I have decided to cancel the free Swing Trading issues.
I apologize for the frequent changes to the content line-up, but I am continuously trying to balance my available time, and my read on community interest.
I received overwhelming feedback that there was little interest in receiving those weekly updates. The folks that did decide to adopt the TradingAlpha tools made clear they were following their own setups using my system, and didn’t gain much from the infrequent updates.
In addition, I simply don’t have the time to continue to provide updates and new setups, nor do I want to issue sub-par content because of it.
That said, I do intend to include swing trading content in the weekly Market Update issues. I am not in many trades, but have been learning quite a bit through real-world experience when it comes to spot and leverage trades, managing emotions, setting SL and TP, executing triggers, and managing risk.
When appropriate I intend to build a discussion of these concepts into the issues.
Today’s Topics
In today’s issue I will cover:
Bitcoin Top Gauge Reading
HTF BTC Signals
BTC Wedge Break
USDT.D Breakdown
HTF BTC Corrective Structure
LTF BTC Scenarios
Thank you for reading, and for your support.
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