Latter Stages of this macro bearish move playing out - 1+ year in the making. Dipping pretty much on schedule give or take 24 hours - minor structure adjustment to this local forecasted structure.
- Prep for the immediate break of 30k - Market Maker about to turn the screw and fear will really kick in. - Prep for initial Long after break of 20k
Hodl? BTC, LUNA, LTC, and a few others should recover in the next month. Target for others was 50% to 70% price drop. SPX 500 has another 6.5% to go.
Best, Hard Forky
Local Structure expectation
Market Structure - latter stages
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nice - recapture of the daily level by the bulls supported by wider equity market rally/oil price reversal leading to stop hunt of late shorts. short scenario still viable but reduced likelihood.
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Trade closed: stop reached
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All the conditions were right but the long held and market looks like it has potential to reverse. Profitable but not the big payday.