ROWPartners

$BTC couldn't hold above Yellow Line
Daily resistance = far too strong
IF Bitcoin is going to break out it must be soon
BTC momentum is certainly there
Weekly there's a GAP, RARE, so IMO FILL is in order
Wouldn't be surprised if the BLUE Moving Avg is there when it does
Crypto

We turned neutral & then bullish at the end of March
$DJI $NDX $SPX Broke downtrend days ago
Volume is NOT great but good enough
Keep eye on oversold levels
Taking more Leveraged ETF's off
$TQ $SPYU $UDOW
Have sold some leveraged individual stocks like
$RIOX $CRWG $CLSX

1/2
We're more Bullish on Bitcoin
$BTC
Buy volume isn't heavy but sells not around
(Needs to be heavy on BREAKOUT)
Over 2 Months to base
$ Flow is good
RSI highest in months
Moving avg made HIGHER low
Bullish crossovers
BTC is making a STRONG CASE for Crypto

When $btc first hit that 60karea it looks scary
Then made a brave call around 65k
Traded it a bit but held the original stash
Then we bought sub 68k
Bitcoin has been looking better and better & it's been about 3 months

Big Daddy is leading again
$BTC > $ETH > $SOL > $XRP
Crypto Bitcoin Ethereum Solana

Volume is not great but it is still holiday
$DJI $NSX $SPX
Stocks

🚨🚨🚨
$VIX BREAKING DOWNTREND
Stocks making push, let's see where indices close

Being that we have 3x and 2x leverage we are taking some things off the table...
Why?
$DJI $NDX $SPX
Also... see the NEXT post...

Tomorrow tends to be Tank Thursday
+
$VIX is at the trendline
Opinion
Being that we have 3x & 3X longs bought last week we are taking risk off the table
Will see how the rest of the day goes
Breaks the trendline = BOTTOM is IN

$VIX shows negativity for indices
However, 1Hr charts formed the Inverse Head & Shoulder pattern we spoke about recently
$DIA & $IWM are showing more strength, higher right shoulders, than $Q & $SPY
$DJI $NDX $SPX $RUT
Still think it's strange that small caps stronger

$VIX is the opposite of $SPX atm
RSI is strengthening
Bounced perfectly off the 40 Day Mov Avg
End of day is very important
BUT
As of this moment, not looking good for markets
AGAIN, end of day is very important

$DJI stopped cold by the 21 Day Moving Avg & currently bouncing off the 10 Day Mov Avg
Which side holds will determine if the "idea" of a lil more juice will hold
RSI & Money flow is still good
Ditto for $SPX
FYI as we typed RSI curved lower for BOTH indices

Oil retesting the recent highs
May retreat once it gets closer to 120 area to rest again
IMO this move looks organized & will break 120 before this is all over
$XOM $C $USO

Mr. $VIX at the BLUE Moving Average
This is do or die
RSI at the halfway range
20% away from the TRENDLINE
Weekly
Coincidentally RSI is also around the halfway area
RED Mov Avg holding for now but we need to see a Friday close
IMO more upside till Thursday
Why? See last chart

$ETH Price Action since 2021
January, April, June tend to be down months with June suffering the biggest declines
March & October tend to be good months followed by July, which has the best performance percentage wise with gains in the double digits

$BTC price action since 2021
March has been green consistently & 3rd best month percentage wise
July September & October* tend to be pretty good as well, followed by January
April & August tend to be red months with May & June suffering the biggest declines

Current M2 Money Supply
US Debt Clock
System reset is likely a US Digital

Interesting...
$DJI is trading in between both averages
This shows the battle theory
RSI stronger
$ Flow better too
Same goes for $SPX & $NDX
$RUT above 2 averages
Of course, before the close

$XRP looking weak while $BTC & $ETH hold the channel
$SOL also looking weak but not as much as XRP

Huge rally in effect...
We Short Every Wednesday & if Thursday opens up we short more... So far so good, usually cover that day
$DJI $SPX $NDX
Gap Filled on $SPY $Q, NOW we see what happens
IMO
Bit more upside BUT not 100% sure
Going to hedge into long weekend