Update: US 10yr Yield, Bitcoin and Copper - 3/27

TL;DR

An analysis of the 10-year yield, gbtc crypto instrument, and copper metal for potential short-term trading opportunities.

Transcript

hi traders Dale Pinkert here you can find me on Twitter at Forex top hunter I'm going to show for our timeframe charts today starting off with the 10-year yield if you recall I was very bullish bonds also very bearish copper I'll show copper for the last instrument in this review as you can see we have two drives to a bottom here also the target fr... Read More

Key Insights

• 🪛 The 10-year yield may have a third drive down, but a rally back towards the breakdown is also possible.
• 💲 Gbtc has been mainly going sideways, but there are signs of a potential move up towards six to seven dollars.
• 💦 Copper is expected to rally towards 288-290 before potentially dropping further, especially if a global economic slowdown occurs.
• 🙃 Traders can consider short-term scalp opportunities in forex, particularly with the yen performing to the upside.
• 🤪 Risk control is essential, and exiting gbtc if it goes below 420 is a suggested strategy.
• 💦 Long bonds may be worth booking, as the analyst anticipates further drops before a potential retrace.
• 🍰 Copper rallies can be shorted to take advantage of potential downside movements.

Questions & Answers

Q: What is the outlook for the 10-year yield?

The 10-year yield may see a third drive down, presenting short-term scalping opportunities, but the analyst believes there could be a rally back towards the breakdown at 2:54.

Q: What is the analysis of gbtc?

Gbtc has been trading sideways for a while, but the analyst expects a move up towards six to seven dollars. Traders can control risk by exiting if it goes below 420.

Q: What is the possible stance on copper trading?

The analyst suggests shorting copper rallies towards 288-290. If a global slowdown occurs, copper may drop further to 275 or even 255.

Q: Is there any potential counter-trend opportunity in forex?

The analyst mentions the yen's performance to the upside, suggesting a possible break in the end and a short-term scalp opportunity.

Summary & Key Takeaways

• The 10-year yield may see a third drive down, suggesting a possible short-term scalping opportunity before a potential retracement.

• Gbtc, a crypto instrument, has been mainly going sideways but is showing signs of a potential move up towards six to seven dollars.

• Copper is expected to rally towards 288-290 before potentially dropping again to 275 or even lower if a global slowdown occurs.