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No announcements

Opinion on Markets: In arguably one of the more difficult weeks for stocks we saw incredible strength from crypto. A lot of the pain and selling has already happened for crypto so as the markets remain numb it actually starts to favor buyers showing up. Stocks trading on multiple things, fears of stagflation and geopolitical concerns with the price of OIL causing concerns.

The squiggles continue to show strength, OBV finally pushing up, and the next milestone now is to flip that SuperTrend bullish. That’s where I start to get excited again. Strong weekly candle helps the chances of Bitcoin finishing the month of March green.

SuperTrend remains the tough obstacle for it to overcome. Ethereum Foundation selling doesn’t help but just like Bitcoin a strong week none the less.

The two most important lines in crypto. We flip and close above both of these, it will be really hard to remain being bullish.

Energy - $XLE on it’s 12th straight green week in a row. On an absolutely wild run

Defensive Plays - Still a good week but nothing too insane

Fertilizer (New) - Urea shortages and price demand is driving up some fertilizer plays

Utilities - Still slowly grinding up

Back to seriously charting crypto again. A lot of charts starting to show potential entries for upside. Good chance by the next newsletter there’s another trade.

$CHZ - Conditions can change almost overnight. For the first time in a while I’m thinking we can start seeing some volume and liquidity return to crypto.

Closed Trades

$XRP - Stopped at -12%

$UNI - Closed at 34%

$ROSE - Stopped out at -20%

$CRV - Stopped out at -23%

TRACKING WITH GURU

$COR wining the week again but the most surprising and bullish thing right now is to see $ETH stepping up. This is what on chain has been looking and waiting for.

$COR, $BERRY, $PAPPLE, $PROOF and $GURU

We are back to what should be a very volatile week where we could see a big candle in both directions. FOMC is the biggest and it’s happening during a Triple Witching day on Friday which happens 4 times a year (options and futures expire). No rate cuts expected but will matter is what Powell says as people are starting to fear stagflation. As far as AI goes we have Nvidia’s GPU Technology Conference schedule which is an annual event which can bring a lot of eyes back to AI.

OPEN TRADES

$CAG - Closed at 8%

$USAR - Currently down 34%, high of 8%

Stopped out at 8%. Bad week for food products as Campbells had a bad earnings and other consumer products took a nose dive. Unfortunate timing with what looked to be a good support and next leg up.

Showing some good support. Happy to be patient on this one and see how the next earnings goes where it’s the first time they are expected to have actual revenue.

CLOSED TRADES

Win Rate: 66.67%
Average R:R: 5.1:1
Average Win Size: 48%
Average Loss Size: 8.4%

$CAG - Closed at -8%

$TGT - Closed the rest at 16%

$CLX- Closed at 19%

$TGT- Closed half at 19%

$FLNC - Closed at 65%

$FLNC - Closed at 85%

$ROOT - Closed at -4.5%

$CROX - Closed at 6%

$SABR - Closed at -11%

$CAN - Closed at 111%

$DRD - Closed at 62%

$NGVC - Closed at -6.1%

$TGT - Closed at -12%

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