Market Update Into 9/3: Taking a Look at The Monthly Candle Closes
In this weekend’s analysis, we take a look at the broad market ETFs $SPY, $QQQ, and Bitcoin. In this update, we take a look at how the monthly candles closed for August and what the month of September will start with. Make sure to set your alerts on the moving averages, trendlines, and Fibonacci levels you are watching into next week!
Make sure to tune into next weekend’s webinar with Brian Shannon, founder of Alphatrends.net and author of “Technical Analysis Using Multiple Timeframes“. In this webinar, we will focus on using Brian’s “Anchored VWAP” on the platform as well as how you can use anchored VWAP when looking at blue raindrops.
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Weekend Video: $SPY, $QQQ, $BTC
$SPY: Weekly vs. Monthly Chart
$QQQ: Weekly vs. Monthly Chart
$BTCUSD: Weekly vs. Monthly Chart
Bitcoin Before and After: The Power of The Raindrop(TM)
In this weekend’s “Before and After”, we take a look at the Bitcoin chart from last week as it broke down through crucial levels of the symmetrical triangle support. You can see how the Raindrop(TM) showed heavy selling volume below the Trendline which then led to continuation down the next day. Learn more about raindrops here.