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THE INDICATOR - Market Sniper Recap Week 49

THE INDICATOR - Market Sniper Recap Week 49

February 07, 2023

Thanks for tuning into THE INDICATOR - Market Sniper Recap, where we'll cover a quick snapshot of the last week. Detailed Sniper Reports are available in the member's newsletter.

Our very own market sniper @JulianDeFi will provide 5-10 minute video updates for free newsletter members. A member of the live recorded coaching crew from Day 1, he's absolutely crushing his trades and generously offered to share his insight with our community.

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Video Update from Market Sniper @JulianDeFi

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Weekly Bitcoin Newsletter Update 10 — The Bitcoin Weekly chart is still bullish, but the Daily looks like it could use some recovery.

Sniper Highlights

In the discord, @crypto__stu and @cang1231 identified potential setup in $GRT 3 days it’s 40% move on 2/7/23. Other market snipers got in even earlier.

@NickySig sniping potential bottom on #Naturalgas

Traditional Markets

Nasdaq

Sofi

Updated $SOFI weekly chart.
• Buy signal was a couple of weeks ago
• Gap was created
• 2-week is pending a buy signal
• Monthly is still bearish but trending bullish
— MarketSniperPro (@marketsniperpro)
5:16 PM • Feb 7, 2023

Crypto Corner

Bitcoin

This #bitcoin weekly chart doesn't suggest ATH's or new lows in 2023, so I'd be surprised.
• In a similar looking weekly buy signal of previous bear market, the rally lasted 12 weeks & hit key targets.
• Price took off to the upside once MACD went above 0 line as shown below.
— Jesse Olson (@JesseOlson)
7:09 AM • Feb 7, 2023

Solana

First weekly green dot on $SOL since January 2022. Still no buy signal & has not broken above trend line.
— MarketSniperPro (@marketsniperpro)
5:28 AM • Feb 7, 2023

Ada

First weekly green dot on $ADA since November 2021 but still no buy signal as of yet.
— MarketSniperPro (@marketsniperpro)
5:24 AM • Feb 7, 2023

Dot

3 hours later there is a pending buy signal on the $DOT weekly chart.
— Jesse Olson (@JesseOlson)
7:03 PM • Feb 3, 2023

In the Week Ahead

While SPX pushed up to 4196 last week, it failed to hold 4155 as support. Levels market snipers are watching closely 4094 and below that, 4000.
University of Michigan consumer sentiment Friday 10am EST
CPI next Tuesday, February 14th 8:30am EST.
Bitcoin consolidating for a move. 22k remains a strong level of support for now. Share

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Disclaimer

The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational purposes only.

Any suggestions, comments or questions, please feel free to direct message me on twitter @JesseOlson. Thanks for reading!

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