Crypto
Theme Card: Queen of Cups
Last week the Hermit warned us to stay away and let the action settle. This turned out to be a decent strategy, as the action was choppy and filled with some deep retracements and washouts.
This week, we’re going from Major Arcana to Royalty, which could suggest reversion, but we will be fighting historical negativity.
The Queen of Cups symbolizes caring and generosity. She usually appears when we need a helping hand, thus she is not a sign of strength.
Let’s see what the daily cards say.
Monday: Page of Wands
Pages are supposed to bring new adventures, but I checked the stats and this one often brings continuation rather than reversal. They also have a knack for losing energy and interest after lunch.
This card is historically bullish, but that doesn’t mean we’re guaranteed a green day. Still, we’ve been under immense sell pressure, and as I write this, we’re still holding most of the weekend rally. If this holds overnight, I think we get a push higher.
Tuesday: Three of Wands
If the Page is starting a new adventure, then the Three could be signaling the next steps. It too is historically bullish, so it’s possible we could get a two-day run.
Note that this is a bit of a low-energy card, so red or green, we probably close within 0.50% of the opening candle.
Wednesday: The Hanged Man
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