1500000

Interestingly, gold seems to be leading $BTC.

This will be something worth watching moving forward.

Gold triggered the daily inside down bar before the reversal in $BTC.

60m - Outside-Inside-Inside sequence triggered the break to the downside.

$BTC update

5 trading days remain in March and Q1 and I think the most likely scenario is we see some end-of-quarter selling and end the week red.

Next week I will be very interested to see how the price trades in relation to the weekly open AND the monthly/quarterly open.

The beginning of each quarter is one of the most opportune times for buyers/sellers to take control and align across all time frames.

Daily - $BTC inside bar reversal to the downside.

$BTC had been bouncing off the upper BF trendline but now trading below the trendline - watch to see if the trendline is reclaimed.

2 Day - $BTC outside inside and down.

1000

Well I hope you heeded the warning -

#[0]

These things play out like clockwork.

Take some time to study past FOMC's and it will help you scenario plan.

As a trading mentor once told me everything you need to know about trading is right in front of you.

As noted earlier - We got the 60m outside bar.

#[0]

Now the question is how does it resolve?

Still could go either way - all eyes on Powell at 230pm EST. 👀

Fed Open Market Committee

The US Fed raised 25bps inline with expectations on the Street.

Now the world waits to see what Powell has to say during his press conference at 230 EST. 😂

$BTC update

1 hour and change before the FOMC announcement.

Daily - $BTC currently inside day and up.

60m - $BTC going momo up (weak market structure).

We will likely see a 60m outside bar post-FOMC so be prepared for a sell $BTC post-FOMC scenario.

The buyers are currently in control so if the price breaks back into yesterday's highs, watch out for the potential for an outside day to the downside.

That's some choppy stuff on CCJ.

Sideways price action for nearly a year now.

Probably best only getting involved at extremes until the range breaks.

Thank you. 🙏

Zapped! ⚡

Few really understand broadening formations.

There's an old market adage -

You gotta be buying when they're crying, selling when they're yelling.

Definitely not a repeat of 2008.

Too many Bitcoiners have PTSD and are fighting the last war. 🤷🏼‍♂️

Post GFC - the US financial system is in far better shape than it was in 2007-2008.

The issue has been and always will be the shadow banking system.

The canary in the coal mine is at the margin, and not at some well-placed bank.

$BTC

Took profits in all shorts and started nibbling on longs.

+7R on the BTC short.

Now let's see if $BTC can work its way back through the BF.

#plebchain

$BTC broadening formation completed as called here -

#[0]

Hope you got in on some of the action. 💸

$BTC Update

$BTC currently playing out this BF.

That TP at 25205 is looking pretty good about now. 🤣

Daily- outside-inside and down.

Buyers lost control over the monthly open.

Weekly - same pattern - outside inside and down.

If next week the buyers can somehow break above this week's highs that would be a bullish reversal but for now the 21354 pivot (the low of Feb. is now in play.

Quarterly open is way down at 16569 - so very likely the quarter ends green unless things really fall apart with less than a month of trading left.

Are you using Umbrel/Start9?

Lol nearly done the pod - #[2] is really channeling his inner #[3] on this one. 🤣

just testing my nostr account on #Current App, shoot me a Zap!

Unless things change - you won’t be able to from any Canadian exchanges.

I think the the likely outcome is that they will eventually whitelist certain stablecoins.