Friday Market Wrap Up: Crypto Chop
Hi Folks, for the most part Stocks and Crypto both had a good week after a great CPI, though Crypto has turned a bit choppy and may have found a local top around the key $37700 level for BTC
Honestly i though we would see a bit more strength on the Mars cazimi which goes exact tonight at 9:41pm .... and we still could especially with Moon in Crypto friendly Aquarius Nov 18- 20. And the Sun Mars sextile to Pluto Nov 20-21 could still show some strength as well. I also thought Ethereum would have made a stronger move by now.
However Venus square the BTC Sun is an unfavorable early Nov 20 that could have a dump.
The bigger concern for another Market Pullback is the tough and unfavorable Sun and Mars square to Saturn Nov 23-25 over the Holiday. Squares to Saturn often signal a halt to a rally and a pullback, but especially a square between the malefics Mars and Saturn is even more challenging for Markets to make gains.
So it's possible that after a nice run to the exact level I gave of 37700 for a local top, BTC might make a bullish consolidation sideways or a modest 5-10% pullback for the next week or so.
Many ALTs that had big moves are now also pulling back and I added Link today when it dipped under $13 for 5 min. I ALSO added KAS under 0.13 and SOL and INJ on pullbacks. However it might be best to have patience and see if there is a deeper pullback on the Sun/ Mars squares to Saturn next week over the US Thanksgiving holiday.
The really big bullish signals now are….
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