Notice: The Daily Setups are provided for informational purposes only and are not intended as a stock-picking service. The charts and information provided are intended to aid research and analysis and should only be used as indicators. They should not be considered as a direct trigger to buy or sell any security. The creator assumes no responsibility for any actions readers take and strongly advises each individual to fully understand the risks and potential consequences before making any investment decisions. Please note that the charts shared are not intended as signals to buy or sell but as a tool to add to your watchlist and analyze according to your trading ability. Remember that not all charts will result in buy or sell actions at any time.

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SYS Daily Report

‘Bitcoin Report’

The SSIF and the SSIQ, both of which exhibit faster movements than the SSIH, are now issuing early warning signals of a downward trajectory. Meanwhile, the PPO indicator appears to be aligning for a potential bearish cross. These developments have left investors bewildered as the stock market initially showed promise in its rebound but ultimately fizzled out during the afternoon session. The S&P 500 concluded the day with a 0.2% decrease, briefly regaining its 200-day moving average before slipping beneath it. This marks the longest losing streak for the index since December last year. The S&P reached its lowest closing level since May 31st. In a similar vein, the Nasdaq composite managed to erase an early 1% loss and surged by as much as 1.2%, only to finish a mere 0.3% higher. It did, however, climb back above the crucial 13,000 level, a notable support level throughout August and September.

SSI

A prolonged period of bond selloffs drove the 10-year U.S. Treasury yield above 5% on Monday morning, marking the first such occurrence since 2007. Notably, this milestone presented an attractive buying opportunity, resulting in a swift correction that brought yields back to 4.838%. It’s important to remember that yields move inversely to bond prices, so as prices decline, yields increase.

10-Year US Treasury Yield

The Dow Jones Industrial Average declined by 0.6%, translating to a drop of 191 points. The S&P 500 saw a slight 0.2% dip, while the Nasdaq Composite, primarily focused on technology, experienced a modest 0.3% rise.

Indexes

In this analysis, we shall henceforth refer to it as the ‘Bitcoin Report,’ as the price of Bitcoin breaks out, as consistently emphasized in our chart analyses throughout last week. This robust price action is indicative of a bullish trend, suggesting the inception of an uptrend or a continuation of the uptrend from its historical low. Notably, all of today’s highlighted setups are intricately intertwined with the realm of Bitcoin. Enjoy!

Bitcoin – Daily Chart

US Daily Setups

CLSK – CleanSpark, Inc.

CleanSpark is attempting to break out from a falling wedge continuation pattern accompanied by robust volume. Monitor for a potential breakout.

LINK TO CHART – https://schrts.co/rAjsVZzm

COIN – Coinbase Global Inc.

Coinbase is setting up just below horizontal resistance with notable volume. Keep a watchful eye for potential upside momentum.

LINK TO CHART – https://schrts.co/nNXTdmTS

GBTC – Grayscale Bitcoin Trust

Grayscale Bitcoin Trust continues its upward acceleration from the setup we’ve been tracking.

LINK TO CHART – https://schrts.co/iSuUihKw

IREN – Iris Energy Ltd.

Iris Energy is setting up just below horizontal resistance with notable volume. Keep a watchful eye for potential upside momentum.

LINK TO CHART – https://schrts.co/tZBDubcy

MARA – Marathon Digital Holdings Inc

Marathon Digital is setting up with bullish volume just below a horizontal resistance line. Monitor for a potential breakout.

LINK TO CHART – https://schrts.co/mvEjneFh

MSTR – MicroStrategy Inc.

MicroStrategy is attempting to break out from a falling wedge continuation pattern accompanied by robust volume. Keep a vigilant eye on this potential breakout.

LINK TO CHART – https://schrts.co/AAdRiZQK

WGMI – Valkyrie Bitcoin Miners ETF

The Valkyrie Bitcoin Miners ETF is setting up just below horizontal resistance with notable volume. Keep a watchful eye for potential upside momentum.

LINK TO CHART – https://schrts.co/FyjzXTrV

Canadian Daily Setups

BITF.TO – Bitfarms Ltd.

Bitfarms is setting up just below horizontal resistance with notable volume. Keep a watchful eye for potential upside momentum.

LINK TO CHART – https://schrts.co/nemSvUNR

BTCC.TO – Purpose Bitcoin ETF

The Purpose Bitcoin ETF is now on the verge of breaking out from the basing pattern we’ve highlighted. Keep a close watch on this potential breakout.

LINK TO CHART – https://schrts.co/UuaVPCjI

CBIT.V – Cathedra Bitcoin Inc.

Cathedra Bitcoin is setting up with bullish volume just below a horizontal resistance line. Monitor for a potential breakout.

LINK TO CHART – https://schrts.co/VCQErTXN

GLXY.TO – Galaxy Digital Holdings Ltd.

Galaxy Digital is in the process of setting up on the right side of a significant bottoming base. Keep an eye on this setup for potential upside momentum that might push the price back to the pattern’s upper trendline, potentially leading to a breakout.

LINK TO CHART – https://schrts.co/NDyDhAjF

HIVE.V – HIVE Blockchain Technologies Ltd.

HIVE Blockchain is forming a small round bottom pattern at the apex of the falling wedge. Keep a close watch for potential upside momentum.

LINK TO CHART – https://schrts.co/MGUEBFRz

HUT.TO – Hut 8 Mining Corp

Hut 8 Mining is attempting to break out from a falling wedge continuation pattern accompanied by robust volume. Keep a vigilant eye on this potential breakout.

LINK TO CHART – https://schrts.co/YDKvUjYA

US Scanner Results

Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.

Canadian Scanner Results

Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.