ROWPartners

We're been cautious on the precious metal for a while BUT we're changing our stance
GOLD is starting to look good again.
$GLD

1/2
Let's compare $BTC
November
vs
NOW:
Bitcoin looks stronger
Tighter consolidation
Cleaner breakout
Beautiful MA crossovers
More BUYING
Only caution, BTC is a tad stretched which is generally when it tends to chop before deciding the next leg
Weekly is next...
Crypto

$BTC reclaimed the $80k level for the first time since late Jan
Bitcoin successfully filling the Gap!
This is where BTC typically:
Consolidates
Shakes out weak longs
Traps early shorts
POSSIBLY sets up the next leg!
Next post we compare now to November!

$POET is a micro photonics company
Still pre revs with no scaled customers & a major setback after $MRVL canceled Celestial AI’s order
Normally trades low options activity, minimal institutional footprint
Over past few sessions 2 large LEAP call trades hit

This is the highest Bitcoin has been in months, almost at our 1st target, 81k
$BTC has been in a slow & steady incline = good
Once we fill that gap, we have the possibility of 83ish
IMO 83 is going to be a little tough we may start taking some profits there & buy pullbacks

The more something gets hit the weaker it gets, IMO expect a Bitcoin gap fill soon
$BTC weekly RSI breaking 50 = Plus
Money Flow breaking 0 = Plus
FIVE green weeks = BUY VOLUME
Not super heavy = No more sells out there

Same influencers that called for rally in Bitcoin are now calling for a crash/bubble
Some others have been calling for a crash for years
Fact is, data is right... BUT MARKETS DO NOT WORK HOW MOST THINK!
Roughly 1 correction per year, got it already
Maybe another in Sept
$NDX

🚨🚨🚨
TOP CALL on GOLD still in place
There were good trade areas but nothing notable has come to solidify bull case
Weekly paints grim picture
Holding BLUE Avg = 🗝️
$GLD didn't trade under GREEN Mov avg until March & this week threatens that AGAIN
$ Flow & Buy volume waning

$RUT faring a bit better than $MID
Bounced at the RED Mov Avg
There's 2 recent gaps, FYI
Same as before, keep an eye on the 4Hr to get an idea of where this may go

Midcaps wavering
More selling than buying now
$ Flow sub 0
Trading under RED Mov Avg
At Support
Keep eye in 4Hr to give us a hint of what happens from here on in
$MID

Is there a similarity to $DJI & $BTC
Interesting, there does seem to be
$NDX is on a league of its own
Mainly because of $SOX $SMH
$PSX chugging along & $VIX weak is good
Going lower would be fuel for indices
Should be fine until later on in the year
Unless something changes

Expected this to be a decent barrier for $BTC
We'd like to see Bitcoin hold 73k
Last few days have been selling BUT not heavy
Ethereum $ETH doesn't look as strong as BTC & is struggling from the same barrier, resistance
$SOL & $XRP never even tested higher levels

$ETH is trailing $BTC, which is what most expect
Both Crypto are facing resistance from the lower end of the GAP, purple hyphen lines
Lagging we have:
$XRP which looks a bit better than $SOL
Again, expected by most

$NDX ANOTHER all time high
Most of these moves have been due to semis
$SOX $SMH
OVERBOUGHT but in BULL markets you cannot fight momentum

1/2
We changed our stance on Bitcoin in Feb when most influencers threw the towel in = +
Those 2 days showed signs of capitulation = +
Then noticed a lack of sellers = +
Held that level couple months = +
Moving avgs trended higher = +
BUYS came in = +
Crypto $BTC BTC

To add to the last post on $VIX
Brought to our attention
THIS IS INTRADAY & need to see the close & volume
$DJI & $SPX bearish engulfing
$MID & $RUT forming reversals
Cautious Bull...
As stated before...
Consolidation before next move would be a PLUS