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Blog
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A Bit More Patience
Nothing has changed structurally for BTC since I wrote the last Macro Monday Trade Letter two weeks ago. The bullish order block is still being respected, and accumulation continues. I expect 1 - 2 weeks of sideways chop, with potential mini “fakeouts” in both directions, but the main thing I am interested in seeing is whether the order block continues to hold. As long as we do not get a confirmed break of this support, it’s simply a waiting game. If price action continues to mimic some more of standard “bore them out of the market” fractals, once (if) things start moving to the upside, the move will be swift.
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Altcoins Ready For A Breakout!
In this update we're looking at a few altcoins which might be ready for a breakout, as we see the strength across the board on altcoins moving left and right. On the other hand, the larger altcoins are showing weakness, so what can we expect as potential trade opportunities?
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How does the market look in the run-up to the FOMC meeting?
In this edition of the Trade Letter, I will examine various markets and express my expectations ahead of the FOMC meeting.
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