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Game Plan: Bitcoin Bull Market CONFIRMED? Gold Price Target Revealed… Stocks to Short in 2023?
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Game Plan: Bitcoin Bull Market CONFIRMED? Gold Price Target Revealed… Stocks to Short in 2023?

Market Analysis and Trading Strategies

In this video, the speaker discusses the CPI data and its impact on the market. He also talks about his trading strategies for the day.

CPI Data Analysis

  • The Consumer Price Index increased 0.1 percent in March, which is better than expected.
  • Annual inflation rate was at 5% pace in March, which is a slight positive.
  • However, if we strip out food and energy inflation actually increased from 5.5% to just 5.6%, which is a negative sign.

Trading Strategies

  • Yields are starting to come in just a little bit, so the speaker shorted some QQQ as well as some SPY.
  • The speaker expects us to generally pull back down because of PPI tomorrow and earnings reports from JP Morgan Citigroup and Wells Fargo on Friday.
  • A parade of tech earnings are going to start with Netflix next week, which could bring valuations down.
  • The speaker looks to pick up some individual swing trade shorts on the back of this rally.

Conclusion

The speaker believes that investors should not be too bullish despite the current market conditions. He advises traders to be cautious and look for opportunities to short into rallies.

Bitcoin Consolidation Range and Natural Gas Bounce

In this section, the speaker talks about Bitcoin's consolidation range and where it could go. He also discusses natural gas and its potential for a bounce.

Bitcoin Consolidation Range

  • The speaker predicted that Bitcoin could go to $30,500.
  • The rally on Bitcoin has been on light volume lately, indicating that big money is not buying.
  • A confirmed bottom in on bitcoin at $15,700 would be a good time to start buying more aggressively.

Natural Gas Bounce

  • The speaker advised viewers to prepare for a bounce on natural gas.
  • If natural gas holds 2.25 on a closing basis, it remains very bullish.
  • If it were to get back below that level, then you're more in a gray area which is neutral.

Trading Techniques and QQQ Dark

In this section, the speaker talks about his trading techniques and the QQQ dark.

Trading Techniques

  • The technique that has made the speaker millions of dollars is buying more aggressively on pullbacks after getting a confirmed bottom.
  • Last week he talked about boil or natural gas and told viewers to prepare for a bounce. It has already seen a nice move up off of the lows.

QQQ Dark

  • Big money is not going to buy heavily into the CPI number especially when we've seen such a dramatic rise in the NASDAQ 100 (from 285 to recent high of 321).
  • The speaker is shorting both QQQ and S&P.

Dollar Impact on Markets

In this section, the speaker talks about how the dollar impacts markets.

Dollar Impact

  • The markets rallied because of the dollar but are now giving it back.
  • The speaker is short the QQQ and S&P.

Metals and Nvidia

In this section, the speaker talks about metals and Nvidia.

Metals

  • The speaker mentions that he has a spider short that is now in the money.

Nvidia

  • The speaker tried to get some short on Nvidia on that pop as well this morning above 275 but did not get filled fully on that position.

Dollar Drop and Rally

In this section, the speaker discusses why the US dollar dropped and then rallied up. He explains that the markets rallied when the dollar dropped and pulled back a little bit when it rallied. The speaker also mentions that there are signs of higher inflation in the system.

Reasons for Dollar Drop and Rally

  • The dollar dropped due to technical bounce.
  • CPI data upticked if you strip out core stuff which is food and energy.
  • The dollar is rallying now because it was oversold.

Silver Trade Analysis

In this section, the speaker analyzes silver trade. He explains that silver had a crazy move over the night period, but he wants to short into it as he thinks it's a blow-off top today.

Silver Trade Analysis

  • Silver has gone parabolic, while gold's move is not as much in recent days.
  • Shorting silver because it's an industrial metal that will go down if we go into a recession even if there is fear and panic.
  • There is major resistance coming into play here with more major resistance just above.
  • If silver goes back up, he will add to his position.

Bitcoin Update

In this section, the speaker provides an update on Bitcoin. He mentions that Bitcoin is pulling back off of its initial pop on intraday chart.

Bitcoin Update

  • Bitcoin may still go down to 12 to 13 000 target.
  • It's into a major level of resistance now.

Technical Analysis of Oil, XRP, Ethereum and TLT

In this section, the speaker provides technical analysis on oil, XRP, Ethereum and TLT. He explains the concept of consolidation and how it affects trading decisions. He also discusses resistance levels and potential short-term dips.

Oil Analysis

  • Oil has made a substantial move up in the intraday.
  • The current pattern is a bull flag after consolidation.
  • Resistance levels are present at the current level and higher.
  • If there is one more push in oil, the speaker will look to short oil north of $85 per barrel.

XRP Analysis

  • Short-term resistance for XRP was hit around 55 cents to 56 cents.
  • A bearish flag consolidation pattern has been observed over the last week or two.
  • There is a lot of support around 47 cents but there could be a little bit of dip.

Ethereum Analysis

  • Ethereum continues to struggle even though Bitcoin recently took out its highs.
  • The Shanghai Fork coming up could be creating stress on some players unwilling to commit ahead of that fork in case something goes wrong.

TLT Analysis

  • TLT goes generally down when yields go up and vice versa.
  • Bullish consolidation on TLT indicates that yields will eventually go lower which means we are likely headed into a recession.

Major Levels and Long-term Trades

In this section, the speaker discusses major levels and long-term trades for various assets.

Matic

  • Matic is not looking good as it hasn't been able to get a bid.
  • If it breaks its trend line, there's not a lot of downside before it hits support.

Brazilian ETF (EWC)

  • The Brazilian market has a beautiful long wedge pattern that eventually breaks out.
  • The speaker thinks money from the US will ultimately find its way into foreign markets.
  • The speaker believes things won't look as rosy in the US for a long period of time.

Tesla

  • Tesla broke a small wedge pattern and is in warning territory.
  • It could easily collapse, but if it recaptures 205, that would be positive.

Live Trading Room and Game Plans

In this section, the speaker talks about his live trading room and game plans.

Daily Videos

  • The speaker covers various assets in his daily videos posted on verified investing crypto.

Live Trading Room

  • The speaker will be trading live at inthemoneystocks.com.
  • He'll be covering many topics including day trades.

Game Plans

  • Starting on the 24th, the speaker will be doing game plans every morning at 9 A.M.
Video description

Join us for an action-packed Game Plan LIVE, brought to you by Verified Investing! Gareth deep dives into the most pressing topics in the market TODAY, where he’ll reveal whether the Bitcoin bull market is back on now that it has broken $30,000. Additionally, Gareth reveals his 2023 target predictions for GOLD, and states which sectors you should short in 2023… YOU DON’T WANT TO MISS THIS To learn more about our services, check out the following links: --------------------------------------------------------------------------------------------------------------------------------------------------------------- Stocks: https://inthemoneystocks.com/ Crypto: https://verifiedinvestingcrypto.com/ Education: https://www.verifiedinvestingeducation.com/ --------------------------------------------------------------------------------------------------------------------------------------------------------------- Instagram - Garethsoloway Twitter - @GarethSoloway TikTok - Verified_investing Trading View - https://www.tradingview.com/?offer_id...