Prezzo di SpikeSPIKE

$MYX is going to dump to the depths of hell but still would be cautious shorting this thing overall. something like this could have a random +20% spike out of nowhere and take you out.

It would be reasonable for the Fed to cut 50 bps at the next FOMC: -Unemployment Rate Trending higher (4.3%) -Initial Claims just had an un-seasonal spike to 263k -Job Openings/Available Worker is <1 -2Y is 100 bps below FFR so 50 bps cut is still restrictive

Too bad we won't get another initial claims data point between now and next FOMC. Hopefully the spike to 263k is not a sustained spike. Not very seasonal to see spikes this time of the year

$BTC Coming into a key level here. We have equal highs resting below a daily imbalance. Spike that and reject and I'll be looking for shorts. Alternatively, if we: a) print a daily close > 112.5k (blue line on daily chart) b) trade into equal highs / daily imbalance without showing signs of rejection i.e. candle closes into/above level that are not then reversed, then imo we get the upside scenario and look at trading up to 119.2k+ Another way to look at it - accept above H4 EMA 200 is bullish, deviate above and close back below (reject) is not. Either way, eyes on that key zone and we'll see what we get.