MY DAILY #TRADING WATCHLIST ;
With the US markets closed today for the holiday it will be a quiet day and volatility will be low. But the futures are open for a half day and #crypto is always open so there are a few things I am watching. BUT, my default position will be not to take trades today and if nothing moves, I will just take the day/afternoon off and spend time with the family;
- #Bitcoin continues to look weak. There is some support at the lows of this recent range. So 60800-61500 area could provide some support. But if that is lost, it will probably drop to the mid to high 50s. (I do think it has to come down to at least mid 50s before it can bottom but it could get a bounce up to 70k or so first). $BTC
- $SILVER down 1% today so far and is testing the $64.65 support level. If that breaks, the next levels are in the 50s. I still remain patient waiting for $54. No short trade here though as I am already in a $GOLD short.
- $OIL flat today and I would still like to get into a long. But I am waiting for the gap window around $71. It got a small bounce yesterday and it might be that I miss this trade. But that's fine. If it doesn't hit my level, I won't take it.