Gold Tests Patience!
Good morning traders,
Bitcoin’s testing resistance, stocks are moving on surprise earnings, and memecoins?
Some of you are watching Bitcoin’s every move, waiting for that breakout.
Others are glued to the stock market, analyzing how unexpected earnings are shaking things up.
Where do we stand this week?
We’ve got the crucial updates to keep you sharp and ahead of the game.
Let’s dive in.
⏰ Gold Remains Flat as Investors Awaits Trump’s Policies
As investors grapple with the unpredictability of the incoming Trump administration's policies and a surprisingly strong US jobs report, gold prices remain unchanged, reflecting the market's cautious stance.
📉 Bitcoin January Slump - Not Surprising at All!
Bitcoin's recent 10% decline aligns with historical patterns observed in post-halving years, suggesting that such downturns are typical preludes to significant bullish runs, according to market analysts.
🪙 Bitcoin and Ethereum Falter, While XRP Shows Promising Gains!
In a week where major cryptocurrencies like Bitcoin and Ethereum stumbled, XRP emerged as a standout performer, signaling potential shifts in the digital asset landscape.
🪫 Stocks Decline and Dollar Strengthens Amid Speculation on Fed's Next Move
Global markets are on edge as declining stock prices and a surging dollar reflect investor uncertainty over whether the Federal Reserve has concluded its rate adjustments.
📈 Oil Hits Four-Month High!Oil markets are experiencing a significant upswing, with prices reaching levels not seen in four months, driven by tightening supplies and geopolitical tensions.
🔥 Oil Prices May Rise Beyond $85, Goldman Sachs Says
According to Goldman Sachs, the latest US sanctions targeting Russia's energy sector could disrupt global oil supplies, potentially driving prices above $85 per barrel.
💸 Dollar Gets Boost, Pressures Competing Currencies
The US dollar is asserting dominance following strong employment figures, leaving other major currencies struggling to keep pace in the volatile forex market.
Here’s the current S&P 500 index.
Over the past two days, the market has shown minimal movement, and any activity has been mostly fake moves.
At this point, we need to wait for a clear breakout - either above the orange trendline or below the blue trendline - to determine the direction we should focus on.
Until we see a decisive move, there won’t be any stock recommendations.
Let’s hold off and not waste our bullets unnecessarily.
Patience is key!
Feel Like You Need 25 Hours a Day to Trade? Here’s the 5-Minute Plan!
With work, family, and everything else on your plate, finding time to trade can feel impossible - like you’d need an extra hour in the day just to get started.
But here’s the good news: trading doesn’t have to take over your schedule.
These newsletters simplify the process, breaking down strategies and insights so you can make smart decisions in just minutes.
Click here to see how you can fit trading into your busy life without missing a beat.
Tweezer Bottom
A Tweezer Bottom is a bullish reversal candlestick pattern that signals a potential uptrend after a downtrend.
It consists of two consecutive candles with nearly identical low points, creating a "tweezer" shape on the price chart.
What to Look For:
- Two Consecutive Candles: The pattern consists of two consecutive candles.
- Identical Lows: Both candles have nearly identical low points, indicating strong support at that price level.
- Shift in Momentum: The Tweezer Bottom often occurs at the end of a downtrend, suggesting a potential shift in momentum from bearish to bullish.
They say trading is a game of psychology.
But let's be honest, it's mostly a game of YOUR psychology.
The market is indifferent, but your inner trader?
Now that's a whole other beast.
Disorganized in your personal life?
Expect your trades to resemble a particularly messy drawer – a jumble of missed opportunities and hastily abandoned plans.
Inconsistent with decisions?
Your trading will mirror that inconsistency, chasing gains without a clear system.
If you struggle to stick to any routine - whether it's a gym schedule, a reading list, or even a commitment to floss daily - how can you expect to consistently execute a trading plan when the stakes are high?
Many traders claim trading 'made them' disciplined.
The truth is, they recognized the potential in trading and chose to improve themselves.
That personal growth?
It spilled into their trading, creating a ripple effect of success.
Want to be a disciplined, consistent trader?
Start by becoming disciplined and consistent in your everyday life.
The habits you build off the charts - whether it’s following through on commitments or mastering your emotions - will shape the trader you are when the markets test your resolve.
Remember: trading doesn't change you. It reveals you.
Use that as motivation to become the person -and trader - you aspire to be.
