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Bitcoin Drops Below $63K
Bitcoin has provided a lot of false hope last week after surging from $60k to $65k. While Bitcoin broke above $63k last week, the price has now dropped back below $63k again. This is now considered a false breakout, and BTC is at risk of more downside. I think we can see some downside for […]Read More
SPOT Trading Within a Resistance Zone
SPOT has experienced an impressive rally since bottoming out in Dec. 2022. I think SPOT has reached resistance here, and is likely to trend down in September. This looks like a good options puts trade setup. Most stocks are seasonally bearish in September, we can see that the seasonality trade looks bearish for SPOT. Follow […]Read More
NFLX Showing Strength Near All Time Highs
NFLX is also trading near all time highs, and is experiencing some selloff in this white resistance zone. However, NFLX still looks pretty strong, and the seasonality trend isn’t too bad in September. I think NFLX is a stock that can continue to perform well. There may be some downside in Sept, but I wouldn’t […]Read More