The battle at the 🔴⚓️VWAP from the ATH is shown in greater detail on the 2 hour chart on the right. #Bitcoin# Most people are used to seeing the typical SHS pattern but there can also be SHHS, Siamese twin double tops 🤣😂 It still looks like a test of the anchor from the beginning of this move is in play, currently that would mean a pullback towards 74.5 as a level of interest.

Notes for the weekend video below Mixed tape with real cracks $SMH rejected near the declining 50-day (~600) after the $NVDA fade. Measured move points toward the YTD anchor ~513. $IWM failed the higher high $SPY $QQQ still constructive above rising 5-day MAs, but a hold under 767 / ~710 flips the risk. $XLE remains one of the stronger groups. $XBI $MRNA $TEM $CRSP $AAPL $TSLA $MAGS #Bitcoin# etc Full technical breakdown in the video.

Mixed tape with real cracks $SMH rejected near the declining 50-day (~600) after the $NVDA fade. Measured move points toward the YTD anchor ~513. $IWM failed the higher high $SPY $QQQ still constructive above rising 5-day MAs, but a hold under 767 / ~710 flips the risk. $XLE remains one of the stronger groups. $XBI $MRNA $TEM $CRSP $AAPL $TSLA $MAGS #Bitcoin# etc Full technical breakdown in the video.

Risk mgt isn’t just about protecting capital Risk mgt is very connected to psychology It’s about creating space between stimulus and response. No space... you react. With space... you choose. Your edge lives in that gap. Trade from intention, not urgency. If this resonates, follow, like, r/t, BOOKMARK this post #tradermindset# #tradingpsychology# $ES_F $NQ_F $SPY $QQQ

This possibility concerns me for $SMH From failed moves come fast moves in the opposite direction Failure at DECLINING 50sma Measured move potential down to 513 would line up approximately with YTD VWAP at 506 will discuss in wknd video

The post earnings consolidation in $W is getting tight with higher lows. I have a position with a tight stop. A worst case stop would go below the post earning slow (red arrow) make the trade your own Daily chart from @marketsurge

The way I intend people to use the information I post here is NOT to take action but to THINK FOR YOURSELF. I would NEVER buy a stock just because someone I respect says they bought it. Instead, I would look at their reason (if they provide one) and their stop (if they have one) and use that as a starting point to do my own analysis and determine if it is appropriate for me. We all have different levels of market proficiency, timeframes, risk tolerances, capital to commit, time to commit to the market etc. If someone sent you in the direction for the trade thank them for the analysis, not your result (win or lose) your result is YOUR responsibility. Make the idea your own for your unique circumstances.