I must admit I wasn't accurate and I did not think we would be back in 3900 Monday. I was actually rubbing my hands together like birdman thinking this would be the beginning of a smooth downfall but its just not happening. The market is saturated with new fomo traders. I have to give myself credit because I did not fall for any of the recent fakeouts. Sure it's not 3000 I was shooting hopium for. And you know what else, it's not even a bear market, actually its rather bullish. We are fighting a resistance at 3900 and I would not be surprised if we met 4000 again in 24 hours. One thing I know I can say confidently is this is just not the time to enter it's just too inflated buy your daughter some nice jewelry with that money. Let's not put ourselves under unnecessary stress and pressure to scalp and settle for an exit strategy hoping we will get it right next time. It's cheaper to do it right the first time.
Comment:
Well. It's nice to be accurate with the resistance line (yellow) looks like we are seeing some action potential to fall below 3850 in 12 hours.