Just wanted to get this out there to hopefully lend perspective to some people on where we're currently at. Not going to dive down much right now or build the narrative, more to come.
GL trade safe!!
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Cleaned up a lil bit, like I say getting this out there quickly for you's :)
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This move will be our confirmation up is still up. We should be closer to 50k by 28th for options expiration (currently max pain is 50 - 52k to expire majority of puts/calls worthless).
If we minor bounce and grind out, we're most likely going to break down.
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So far so good, watch for a pop in the white circle for massive expirations this week starting on the 28th - Keep fomo in check, be patient building your positions this could take a while.
If you're looking for a good reference, I think this is very similar to April/Map 2013, which means we'll have a cool off/consolidation/chop period until end of July-ish.
Good luck!
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No pop, just the stall out, not looking good
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Fly or die time -
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Here we are again, fly or die. If we break this trend from our bottom, we start the plunge. If we hold it, we go attack 42k+
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The final test. Hold and we 2013 repeat. Fail, and we bear fam.
@Abrytan, thanks fam, expecting the upcoming pop will be closer to the 28th for that massive expiration. But we're def not out of the woods yet :) proceeding very cautiously right now :)
DILL13
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@faboose haha I hear you took this opportunity myself to get some more alts I missed out on prior. We’re all on this ride together
joshigaurav1208
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i lost 50% of my savings, any suggestions to recover it?
faboose
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@joshigaurav1208, Not a financial advisor, hope things bounce back for you!