Bitcoin Signals Breakout to $122k!
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Happy Friday!
We made it through the week, but the markets aren’t exactly winding down.
Gold made you at an 11-week high, catching all the safe-haven hype as traders brace for uncertainty.
Meanwhile, Bitcoin’s been holding its ground above $106K - some say it’s eyeing $122K, but is that the next big leap or just wishful thinking?
Oh, and Trump’s AI plans have tech stocks like Nvidia and Oracle brimming with optimism.
The weekend won’t slow things down.
We’ll be back next week for more updates but for now, let’s dive into what could be shaping your next moves.
⚡ Gold Surges to 11-Week High Amid Trump Policy Jitters!
Gold prices rose to an 11-week high, reaching $2,751.89 per ounce, driven by safe-haven demand amid uncertainties surrounding the U.S. President Donald Trump's trade policies and a weakening dollar.
⛔ Bitcoin Stays Strong Above $106K!
Bitcoin holds steady at $106,000, as traders anxiously await clarity on Trump’s cryptocurrency policies. The market buzzes with suspense, speculating on potential regulatory shakeups.
🚀 Bitcoin's $122K February Target - Bullish or Bubble?
10x Research predicts Bitcoin could hit $122K, but warns of a cooling-off phase after the surge. Traders are eyeing every move, bracing for a mix of exhilaration and consolidation. Will the crypto king break through or hit a pause?
💵 Dollar Drifts Higher as Traders Ponder Trump's Tariff Plans!
The dollar drifts upward, reflecting cautious optimism over Trump’s tariff strategies. Markets remain wary as the president’s protectionist policies hint at global ripples.
🏦 Wall Street Cheers Measured Trade Policy Optimism!
Global stocks climbed on Wednesday following a series of policies introduced by U.S. President Donald Trump and strong corporate earnings.
🤖 Trump’s AI Bet Boosts Tech Stocks
Trump’s Stargate AI initiative sparks a tech rally, with $500 billion fueling innovation in artificial intelligence. Heavyweights like Oracle and Nvidia lead the charge, captivating investors’ attention.
🔥 US Oil Dips as Trump’s Trade Moves Rattle Energy Markets!
Oil prices remained flat, and gold prices continued to rise, nearing previous record highs. The market is reacting to President Trump's recent moves in trade and energy sectors, leading to a cautious stance among investors.
ConocoPhillips (NYSE: COP) Trade Review
I initiated a short position on COP at $104.29 on Wednesday.
The market opened with immediate downward movement, allowing me to close 50% of the position at $103.00, securing a 1.17% gain before leverage.
I've adjusted the stop loss on the remaining position to break-even, effectively turning this into a risk-free trade.
Chevron Corporation (NYSE: CVX) Trade Review
With CVX, I recommended a short entry at $158.24.
Over the following two days, the price declined steadily, enabling me to close half the position at $155.85 for a 1.51% profit before leverage.
Similarly, I've moved the stop loss to break-even on the remaining position, eliminating any downside risk.
As for the recommendations today, we’re revisiting the energy sector for another round of opportunities.
This time, the focus is on stocks showing fresh signs of weakness as the sector struggles to regain its footing.
Here’s what we’re watching:
Williams Companies Inc. (NYSE: THE)
We’re taking a sell position at $59.51.
The stock has been losing steam, with bearish signals appearing on the charts.
Weak volume on recent upward moves suggests sellers are ready to take control, making this a prime opportunity to ride the downward momentum
🎯 Targets:
Sell: $59.51
TP1: $57.90
TP2: $56.34
Kinder Morgan Inc. (NYSE: KMI)
Same thing, I'm calling a sell position at $30.48 as it reflects the same bearish sentiment in the energy sector.
Kinder Morgan is struggling to hold key support levels, and with selling pressure building, this setup offers a strong case for further downside.
🎯 Targets:
Sell: $30.48
TP1: $29.59
TP2: $28.89
Both trades leverage the growing weakness in the energy market, giving us opportunities to profit from the sector’s pullback.
Let’s stay sharp and aim for those targets!
Feel Like You’re Playing Catch-Up in the Market? Here’s How to Get a Head Start!
If you’ve ever felt like the best opportunities slip away before you even know they exist, you’re not alone.
Spotting new sectors and trends driving massive growth can feel like chasing a moving target.
But staying ahead doesn’t have to be impossible.
AI newsletters uncover trends in AI-driven industries, giving you the tools to spot opportunities early and act with confidence.
Discover the newsletters that can help you stay ahead of the curve and lead the way in the market!
Sine Wave Indicator
The Sine Wave Indicator (also known as the MESA indicator) is a technical analysis tool that attempts to identify and quantify market cycles.
It's based on the assumption that markets exhibit cyclical behavior, and the indicator aims to predict these cycles.
What to Look For:
- Cyclical Trends: The Sine Wave indicator plots two lines that oscillate like a sine wave. The crossing points of these lines can signal potential turning points in the market cycle.
- Trend Direction: The relative positions of the two lines can provide insights into the prevailing market trend.
- Cycle Identification: By analyzing the patterns of the Sine Wave, traders can attempt to identify the duration and strength of market cycles.
Meet Axel Rudolph - the guy who turns market noise into a symphony of profits.
With over 25 years of trading under his belt, Axel doesn’t just play the game; he’s cracked the code.
Most traders trip over themselves trying to boost their win rate at the expense of profit but not Axel.
He figured out how to nail both, and trust me, you’ll want to know his secret.
Here’s how he pulls it off:
1️⃣ React, Don’t RationalizeAxel isn’t swayed by headlines; he’s focused on how the market reacts to them. The reason behind a move? It’s irrelevant. “For me, the reason why something is happening is not really that important.”
2️⃣ Simple Charts, Big InsightsAfter years of messy charts, Axel discovered simplicity is power. Stripping his charts down, he now reads every candle like a story. “I really try and understand what each candle actually tells me.”
3️⃣ Versatility Is KeyAxel trades with up to five strategies, mostly momentum-focused, but one designed for reversals. His goal? Maximize accuracy without sacrificing risk/reward. “It’s all about increasing the odds of you being right.”
4️⃣ Retail Traders’ Secret WeaponAs a former bank trader, Axel had to meet strict quotas. Now, as a retail trader, his patience gives him the upper hand. “Sitting on your hands” is a luxury retail traders should embrace.
5️⃣ Risk Small, Win BigAxel knows over-risking leads to blown accounts, yet so many traders fall into the trap of chasing quick gains. “The odds of you wiping out your account are pretty great.”
6️⃣ Journaling for PrecisionAxel logs every trade meticulously. This habit revealed that diversification across markets and timeframes boosted both his win rate and profitability. Without journaling, these insights would’ve been lost.
7️⃣ Price Tells AllFor Axel, price action is the ultimate guide - it holds all the data he needs. “I firmly believe that everything is in the price.”
8️⃣ Master Your EdgeAxel’s edge comes from analyzing patterns and refining strategies through data. It’s not magic; it’s hard work. “It prevented me from overtrading.”
9️⃣ Treat It Like a BusinessTrading isn’t luck - it’s a discipline. Axel approaches it like running a business, with a plan, strategy, and focus on sustainability. “It has to be a properly thought through and set up way of trading.”
🔟 Ego Is the EnemyAxel’s greatest trades are often the ones he doubts, and his flops are the ones he’s overly confident about. Ego blinds traders to reality. “A lot of traders basically look at markets and think they see something that nobody else sees.”
Axel Rudolph’s journey is a testament to the power of discipline, simplicity, and treating trading like an art and science.
Want to dive deeper into his strategies?
You can watch his full interview
