JANUARY 07, 2022 — FRIDAY AM
MONTHLY OUTLOOK RECORDING: Thank you for joining me for our first Monthly Outlook for 2022, and are main topic is Cryptocurrency! We discuss and analyze over 10 crypto charts that could offer great opportunities in Q1 and throughout the year. We also talk futures, stocks, and take your requests! Included in our crypto discussion is BTC, ETH, POLY, SOL, AVAX, ADA, DOT, LINK, and more! Click the following link to watch the recording: https://www.youtube.com/watch?v=MPDLYuaa4SM
NOTE: We are now adding BTC and ETH futures to our pre-market routine 🙂
The ES and NQ are currently showing weakness after pre-market economic data was released. The expectation is for further near-term weakness, as these markets approach mMID (in the ES) and mLO (in the NQ). Crude Oil remains bullish, and may have transitioned into the next highest market structure from 76 to 86. Bitcoin is approaching significant market structure support at 40k, while ETH is doing the same, approaching 2700 market structure. A test and major rejection at these levels could trigger the next medium term rally ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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