Ehhh, Bitcoin looking like it might have a weekly close below the 50 DMA on Sunday. 100% indicator of confirming a bear market unless this time is different.

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Pulling back to the 50 DMA was almost too obvious

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Hardly at all. If bitcoin closes above the 50 then it’s legging up again into end of year. It has now retested the 50 DMA 4 times, the previous 3 times we were always at extreme fear just like now and everytime it closed above the 50 DMA then proceeded to leg up 50-60%. We’ve been on the count since Tuesday when we initially tested it, we wiped out the 99K and 100K stop losses and it looks like 100K is ironclad. We’ll see how it plays out, the weekly candle closes Sunday 7PM. If we get the close above the 50 you have to assume a leg up is coming fast.

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So much for tagging the 50 dma on SPY and rallying huh

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/NQ touched 50 dma, QQQ 0.25-050% above its 50dma still Spay/ES crossed theirs almost an hour ago. reads tea leaves...

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SPY is not far from the 50-day DMA of 664.75 That is usually when things bounce and good entry (or exit) points.

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Cutting through 50 DMA like hot knife through butter . Sit on your hands buddy 

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Bitcoin acting like hodor in season 6 on that 50 DMA

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Thune is teeing up a vote to end the shutdown and is optimistic after talking to some house r’s that want to extend aca tax credits. Vote happens tomorrow, poetic into the weekend. Crypto is about to rip when liquidity comes back, Bitcoin is holding the 50 DMA which is literally all that matters.

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Wait for the 50 dma on SPY to grab calls, currently at 664.74

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