I believe that we are still finishing out the flat and should soon see an increase in volume in the market, pushing us up through resistances, making retail investors/traders believe that the bear market is finished. They will begin fomoing further pushing the prices up triggering stop losses and giving break out traders the signal they are waiting for to hop in creating liquidity for large institutions. Just as soon as that occurs the market is going to take a drastic turn to the down side.
*DISCLAIMER: This is just me sharing my ideas with the community, not trading advice
Thanks for the chart. I was waiting to hear an update. lot of mixed views on BTC & ETH. funny how bitcoin seems related to SPX. althought SPX has now started climbing higher and some of the indices like RUT, NASDAQ already at or near their highs.
so wondering if bitcoin will start follow SPX or even RUT ..or will it collapse..and maybe SPX would follow BTC instead?
lots to consider. who knows what will play out.
Thanks.
WaveRider1423
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Thanks for your chart and sharing your ideas. I have this same count as my alternate should the triangle not play out. Good luck trading.
Thanks for the chart. I was waiting to hear an update. lot of mixed views on BTC & ETH. funny how bitcoin seems related to SPX. althought SPX has now started climbing higher and some of the indices like RUT, NASDAQ already at or near their highs.
so wondering if bitcoin will start follow SPX or even RUT ..or will it collapse..and maybe SPX would follow BTC instead?
lots to consider. who knows what will play out.
Thanks.