Issue 1,801 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S2L IFFY with the spill odds down.
This day was not rally a S2L day and not really a S2H day. Some day's it's just not clicking. It was more a whack a mole day. Slip sliding away. We have a 30 minute selling rally and a 50 minute buying rally. Price gets checked at that high and supply starts to come back in. It's whack a mole for the next hour and half as price tickles the current intraday low and the previous day low.
This give rise to a 30 minute rally and then whack a mole again. Its the lunch SLOG so don't expect things to get too crazy. An up move setting up at 1:40 pm respects the current supply line. This set's price up for 2:00 pm which set's a new intraday low and then it's Katty bar the door till the close or at least 3:30 pm. Price has broken out of the support line and now trading just under the low.
Now add this to what we talked about last week. And that's how big money is MADE!!!
I really thought that was going to be the end but then Eric opened up his mouth:
Eric Trump predicts Bitcoin will hit $1 million per coin, calling it a key part of the financial revolution. He criticized Biden’s regulations, credited his father for Bitcoin’s rise past $100,000, and highlighted Bitcoin’s advantages over traditional finance. He promised the Trump family’s continued support for digital assets.
“Bitcoin is the future of finance,” he proclaimed, emphasizing that its decentralized nature and fixed supply of 21 million coins make it a powerful hedge against the traditional financial system’s inefficiencies. “Bitcoin eliminates the need for tens of thousands of bankers pushing paperwork for exorbitant fees,” Eric added, making a strong argument for how cryptocurrency can simplify global transactions.
He credited President-elect Donald Trump with driving Bitcoin’s recent surge past the $100,000 mark, stating, “When Bitcoin hit $100,000, I immediately called my father to share the good news.” He further argued that those who embrace Bitcoin now, including governments and institutions, will be the biggest winners in the digital revolution.
“Bitcoin is instantly liquid, borderless, and a global currency,” he said. “It doesn’t rely on traditional banking systems. It’s not subject to corrupt governments.”
He added that Bitcoin’s price would continue to climb, eventually reaching $1 million per coin. “A lot more eyes will be open when Bitcoin hits $1 million, and I’m confident it’s going to hit $1 million.”
“It’s a shift in how companies like ours receive money,” he explained, referring to the Trump Organization’s involvement in cryptocurrency. Eric promised that the Trump family would remain steadfast supporters of digital assets, ensuring they continue to play a significant role in the global financial landscape.
Yea this is how "big money" is made!" look at last weeks
Really 1 Million per coin!!! There is only 21 coins? And US is going to buy 5% of the global supply…
PROSE and THE NUMBAHS
Good morning. Today is SERIES S3L IFFY with the spill up.
1. Last Night: After the close they turn on the buy light and price starts to drift back up. Perhaps they are front running the CPI perhaps not.
2. Large Size: Some buying came in at 8:24 AM with 1.4 K and then of course at 8:30 AM all to way up to the 70 handle.
3. 7:00 AM / Premarket: As any trader expected yesterday they shook out the weak hands. Globex held the bid. And CPI took price back up.
4. Todays News: MBA Mortgage Applications at 7:00, CPI at 8:30, EIA Petroleum Status Report at 10:30, 4-Month Bill Auction at 11:30, 10-Yr Note Auction at 1:00, Treasury Statement at 2:00. All times EST.
5. Cycle Bias / Tone: Ok price has drifted down and today is CPI with tomorrow PPI. We are slowly easing into holiday trade. Now that the CPI number is out price might drift back up. Traded at floor trader pivot R1 6071 handle. We have an independent mid pm high.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 6071.75
Hod 10:46 6075.25
Lod 15:33 6039.75
Settle 6052.00
Volume 1,089,541
8. Floor Trader Pivots
DAILY 6055.50
R2 6091.00
R1 6071.50
S1 6036.00
S2 6020.00
WEEK 6081.75
The clock is used to time your entries and exits. Position long at the lows, exit at the highs, get short at the highs, and buy-in at the lows. When the trend is in, WB's clock is your friend!
Your edge is a series of trades, not just one trade or one day.
Dates: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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