I don't have the wherewithal to write a long post (under the weather and so are the kiddoes) and so this is going to be very high level.
I have tunneled down and I have some structure I am looking to use my stops on for some fundamental trades because there is still a chance we can wick to the upside and I ain't about that life. I am not a financial advisor but I do know you can be wrong on TA and not lose any money because the market didn't take your order in. I basically want to short a break of the 50 week SMA all the way down to the 200w SMA. From there I'll look for a pinch as the price action squeezes between the 200 as support and the 20 or 50 as resistance. I cannot expect an EXACT replay.
- The top is bitcoin, the bottom gold
- the SMAs on top are twice the value as the SMAs on bottom
- Color coded for simplicity.
I have tunneled down and I have some structure I am looking to use my stops on for some fundamental trades because there is still a chance we can wick to the upside and I ain't about that life. I am not a financial advisor but I do know you can be wrong on TA and not lose any money because the market didn't take your order in. I basically want to short a break of the 50 week SMA all the way down to the 200w SMA. From there I'll look for a pinch as the price action squeezes between the 200 as support and the 20 or 50 as resistance. I cannot expect an EXACT replay.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion