XLK, MSFT, GOOGL, META& BTC Enjoy Great Upward Momentum!

TrendSpider
10-30

Hello everyone! Today i want to share some technical analysis with you!

1.

$Technology Select Sector SPDR Fund(XLK)$ Anyone else find this a bit concerning?

XLK, the tech sector's performance against SPY, has hit and rejected the exact peak from the Dot-Com bubble top — three months in a row now. 🧐

2.

$Microsoft(MSFT)$ looking MINT in after-hours trading. 😮‍💨

3.

$Alphabet(GOOGL)$ aaand boom goes the dynamite. 🧨💥

4.

$Meta Platforms, Inc.(META)$ Seeing Double 😵‍💫

5.

$Bitcoin(BTC.USD.CC)$ A common misconception with Bollinger Bands is that you always fade price when it closes above the upper band—not the case for $BTC.

This strategy buys on a close ABOVE the upper band, exiting at either +6% or -3%.

Past 24 months:

Total return: +68%

Drawdown: -10%

Win rate: 53%

R/R Ratio: 1.79

Looks like we may get another entry today. 👀

Follow me to learn more about analysis!!

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