BTC Thursday 🃏:
8 Wands: movement with haste, often in upright position brings + news / moves. They could be sudden ( 5 Coins) ultimately looks like shorts get squeezed. And the Jupiter opposition at 18 UTC could bring opportunity to buy the dip. ( if you’re bullish on the higher highs)
0-4: 8 swords ⚔️: short squeeze but maybe limited in size of move.
4-8: 9 Swords in reverse: often bearish, but might recover after 6.
8-12: Stop Loss in reverse: often bullish, finds support around 9 up until 11 or might go up until 14 UTC.
12-16: 10 ⚔️: often bullish, but dead 🐈 bounce. Might retrace after 14/15 UTC
16-20: 6 Coins in 🔄: often bearish, but usually finds support. Moon/ Jupiter opposition at 18 UTC. ( last time brought a lower low, but might recover after 18 UTC if it doesn’t hit lower low here. To close + would need a + reaction after 18 or 19 UTC.
20-24: Knight of Cups: might retrace some after NY close, but then go higher after 22 UTC.
Depending on size move of each period determines weather or not + close. Because it’s mixed it’s hard to say for sure. But generally as the theme card tends to be bullish.
Often SPY cards can help show possible BTC moves. Like today (Wednesday ) SPY showed rejection at NY open, and that’s the exact time BTC rejected ( after a higher high on the daily) but rejected about 30 minutes earlier than I expected, but SPY gave the better clue about timing.
Especially because a higher high/ wick occurred before rejection, I still think it’s a buying/ holding opportunity. Not too concerned about the pull back as long as 68 holds or even as long as 66 can hold as support still.
SPY Thurs:
Looks to be interesting….my initial thoughts before seeing details was bearish because both themes in reverse. However it may start bullish then reject. May close + or flat/ inert.
8: Death/ 💥 Crash: often bullish in upright ( new life/ rebirth( bearish in reverse/ inertia)
9: 3 Cups: might reject / retrace after open.
10: 10 Wands: pushing up against the odds. Might reject after 10:30
11: 7 Coins: might make higher high, then reject quickly, might turn out bearish after initial push up. 7 signals transitions.
12: 7 Cups: + move up until 12:30 perhaps, but might be an illusion and retrace after 12:30.
1: 5 Wands: bullish reversal possible. Might bounce off support by 1:30 then go back up. Often bullish recovery as long as doesn’t make a new low on the daily, it could recover up into close
2: Knight of Wands: might reject after 2:30, often bearish reversal.
3: Trader in reverse: often bullish in reverse. Maybe up the last 30 minutes.
NFA, entertainment only 🍀