Zooming out

Lets go over some monthly charts

Happy Friday! This month, instead of our usual weekend wrap-up, we’re zooming out for a fresh look at monthly charts—a valuable practice to ground our strategies in long-term trends. Whether you're trading short-term or intraday, checking in with monthly data is invaluable for gaining perspective. This overview will become a monthly feature, helping us reassess the broader trends at the start of each month.

Key Charts and Sectors to Watch:

• Bitcoin: Holding above $70,000 with a classic cup-and-handle formation. I’m eyeing continuation here, aiming for long-term growth targets.

• Ethereum: Still consolidating, with two inside months that signal hesitation. A break above $4,000 would renew interest.

• Doge: Surprisingly strong, showing a clean breakout and signaling that speculative interest might be creeping back.

• DXY (Dollar Index): Stuck in a tight range between 100 and 106, suggesting that any break in either direction could set off a new trend.

• Gold: Continues its steady climb with strong monthly candles, though some profit-taking may be warranted.

• Solar (TAN ETF): Consistent bottoming action around $40 hints at accumulation—keeping a close watch on this potential breakout sector.

Each of these setups provides insights into potential macro shifts and trading opportunities that we’ll track closely in the coming weeks.

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