WARNING: TRUMP NEW THREAT TO BIG BANKS...
In a Nutshell
Markets dipped slightly but formed higher highs/lows into close, with QQQ up from open despite a 1% NASDAQ drop; live trading recapped profitable MSTZ/MSTR plays on BTC support/recovery, closing MSTZ at $6,200. Trump vows to block banks undermining crypto, but speaker slams it as hypocritical due to Trump family's heavy crypto investments (mining, Trumpcoin, etc.), urging politicians to stick to diversified indexes like S&P 500. BTC tested $70K resistance amid uncertainty; speaker shorts MSTR for potential selloff opportunities, questions if more Middle East attacks could spark war fears hurting markets.
These notes were generated by AI and may contain inaccuracies.
Markets are down on the day but didn't sell off much. From market open to close, especially on the 5-minute time frame, after breaking above the EMA line following the initial selloff, markets formed higher highs and higher lows leading into the close. Technically, for day traders, QQQ went up from open to close, despite being down 1% on NASDAQ if carrying a position overnight from yesterday's close.
Fire near the US consulate in Dubai fully extinguished with no injuries reported. Dubai authorities reaffirm commitment to safety and security. Reports varied between an attack and just a fire.
MSTZ closed the day at $6,200.
In today's live trading session (second link in description for LPP team), when MSTZ began to rise as MSTR dropped, MSTZ showed slight resistance at $13 per share on the 5-minute time frame, based on previous patterns. MSTR approached previous support from its lows. Reduced 50% of MSTZ position playing overbought and oversold levels. BTC found support and recovered, MSTR found support and recovered, MSTZ pulled back. Bought the dip on MSTZ, slightly recovered into close at $6,200.
Breaking Trump says that he is not going to allow banks to undermine our powerful crypto agenda. They need to make a good deal with crypto industry.
Disagree with Trump on this despite voting for him. Eric Trump says big banks are a monopoly that screwed customers for years, offering near-zero yields (money earned off interest), and blocking the crypto industry.
Supports Trump's actions in Middle East with Iran, as Iranian people are celebrating feeling free, similar to Venezuela.
Super biased against crypto: here over 15 years, Epstein was an original investor in early developments, used in black market by pedophiles or drug dealers. No adoption in normal stores 15 years later.
Trump's statement baffles due to direct conflict of interest: Trump family (majority owners) involved in crypto companies, Bitcoin mining, Trumpcoin, Melaniacoin. How can he threaten banks while family profits?
Compares to calling out Nancy Pelosi's husband (hedge fund) trading as conflict of interest. Politicians should not invest in individual stocks, only diversified like S&P 500 or NASDAQ.
Hypocritical to criticize one side but ignore Trump's blatant involvement. Technically legal per government, but insane: creating crypto company months before office, now pro-crypto for personal/family gain. Even crypto industry not fans of Trump family involvement due to negative impact.
BTC initially reacted positively to announcement then gave it back. Markets testing resistance around $70,000 per coin. Markets dislike uncertainty.
Doesn't trade crypto or BTC, shorts MicroStrategy (Bitcoin treasury). If BTC sells off from resistance, MSTR will too, creating opportunities based on risk-reward if direction favorable.
Tomorrow's live trading session will discuss how more attacks could negatively impact markets via uncertainty and fear of war (second link below). Ask in comments: Is Trump's crypto push a conflict of interest given family investments? End the year on a green note.
Keep Ricky Gutierrez in your library
Save the videos and channels worth coming back to, and find them again in one place.
