Trading Watchlist:
1. BTC
As can be seen above, I am now expecting BTC to start moving sideways in light of the following
- the price action has hit a key area of support;
- the broader market (SOXX) is still rising; and
- the bearish Kumo Cloud is currently far away from the price action on the 4 hour timeframe – increasing the likelihood that the price action will rise towards its before making its next major move.
So, continue to monitor the price action every 4 hours in order to carry on improving your trading analysis.
2. LINKUSDT – analysed.
3. BTC.D – analysed.
4. SOXX – continuing to surge higher.
5. GLOBAL L – continuing to range sideways on the daily timeframe.
6. XAUUSD – continuing to surge to the upside.
7. DXY – analysed.
8. US10Y – analysed.
9. AMD – analysed.
10. CMG – analysed.
11. UPS – analysed.
12. JETS – analysed.
13. DG – analysed.
14. SFM – analysed.
15. NATGAS – analysed.
16. USOIL – analysed.
17. 000001 – analysed.
18. BIDU – analysed.
19. TIGR – analysed.
20. BABA – analysed.
21. PLTR – analysed.
22. NFLX – analysed.
23. RUT – analysed.
24. FDX – ranging.
25. UVXY – analysed.
26. QQQ – analysed.
27. SFM
As can be seen above, SFM and DG are moving inversely to the overall broader market.
So, if I could turn back the clock, I would have definitely have shorted SFM in light of the good possibility of SOXX’s rising in accordance to its daily timeframe:
28. SOXX
Next Action
- Continue to monitor the price action of BTC every 4 hours.
- Continue to go through the entire trading watchlist every single day in order to carry on accelerating your trading ability and experience.
