Hi folks!
Pkeasw see my two linked posts on my rather grim view on risk asset markets in general before you read this.
As we have seen time and time again during this Bull market, strong divergence on the 1h has been great short term reversal signals, and we see them almost every time after big moves either way.
I therefore suggest to hold out for the next bottom if you pkan on open longs. If we see a deeper second bottom, this will be the start of my DCA phase after selling most some time ago.
Please be careful - greed is not good!
Never take the word of other as a given.
I wish you all well 😀
DYOR.
NFA.
Pkeasw see my two linked posts on my rather grim view on risk asset markets in general before you read this.
As we have seen time and time again during this Bull market, strong divergence on the 1h has been great short term reversal signals, and we see them almost every time after big moves either way.
I therefore suggest to hold out for the next bottom if you pkan on open longs. If we see a deeper second bottom, this will be the start of my DCA phase after selling most some time ago.
Please be careful - greed is not good!
Never take the word of other as a given.
I wish you all well 😀
DYOR.
NFA.
