Hope this helps you decide.... In summary, MY Strong opinion weakly held (as a wise trader says): Near to the Bottom -Too many strong levels to beat to the downside. -Economy bubble (Druckenmiller comments summarize this well) -Stock to Flow model: solid model always beating opinions Bear case: measuring the environment´s hype badly? Chart NOT looking as sexy...
Fractal. Zoom out to see. VERY similar behavior, a bit weaker this time. We could follow something similar to this... choppy but trending up. Play safe.
Following up on my last chart. Amazing trade. Long since 100.... Expect it to continue running. Tp based on accumulation range, time, and volume.
FC*K U BIDEN. Here is your war agaisnt crypto long. Play Safe. "Many small losses and a big win, THIS IS THE WAY".- Mandalorian.
Do you even Wyckoff? Price has been behaving EXACTLY as a Wyckoff accumulation in the 1H chart. Plus, news are HORRIBLE... Biden the communist president trying to increase taxes overall, newbie traders in a bloodbath and PTSD.... ETH had a big spike, if it can hold well, we could be starting the stronger alt season. Good RR for the bet for sure. Could we...
One of the most difficult charts recently... it´s been actually though to read the market. I have both, bullish and bearish cases, but.... because F*CK THE FED, I´m sharing one of the bullish ones which is interesting. Highlights: SENTIMENT: mostly bearish. everyone is PTSD, news are not great (Government fight against Crypto), Guggenheim saying it´ll crash......
Any other news outlet more partialized and dumb than CNN out there?... difficult. Adding fire to the bounce. Amazing timing. Nothing can be predicted in the trading world...but I´d say this is great confirmation for the bounce. Let´s see....
I would like to publicly thank financial press for having the best timing in the world...as usual Clowns. Will it be the bounce low? likely. lets see what happens.....
After last fall I noticed big big stopping volume with a wich, which may indicate strong accumulation. BTC Halving coming soon... if Btc starts gaining confidence this could be a nice little run-up
Time for metals to shine? Extreme volume in a very peculiar bar.... seems to me like big ol´accumulation by smart guys. Low Risk High RR Trade guys.
Looks like a possible tournaround formation here... Exc Risk vs Reward. Keep %risk small and play the waiting game.
See chart´s previous friday and monday price action. Use small % risk (1% tops).
An aggressive-speculative entry here could deliver amazing Risk vs Reward Opportunity.
Metals have been showing signs of bottoming (possible not yet confirmed) with commercials not increasing their selling. If metals run, we could see a great Run up here with great Risk vs Reward. Usain Bolt Style to Ocho Ríos. We have been having lots of social conflicts, war tensions, etc lately.... so better to have this metals on watchlist.
Nice setup that possibly no one is watching. If a shift to commodities-metals happen, we could see a nice RR trade here.