Drew this up the other day, and already seems to be starting to come to fruition.
This week will ponzi-pump to ~9k, but not enough to prevent the death cross as it finds resistance from the daily cloud, the bottom of the previously broken triangle and the Daily 200 MA, where we will see a reversal in fantastic fashion just as bulls start to get some exuberance again. Liqs for everyone.
This will kick off a multi-day dump from the top to 7700 where it will pause for a moment.. then blast though, ripping apart all those with resting orders in that range. Liqs for everyone.
The "No chill" will continue and rip though 7k, further raping bulls relentlessly till we tap the WEEKLY cloud ~6666. Liqs for everyone.
By this point it will be November, and we will get a decent albeit a bit grindy/lethargic bounce up to ~7600, where over-bearish/leveraged bottom-shorters will experience slow deaths. Liqs for everyone.
At that point it will hit previous support turned resistance and quickly turn around and plummet down to 6k for Thanksgiving. Maybe some Liqs with your sweet potato pie?
From there.. well.. we'll see won't we? Either way, the death of this fake bull market is certainly something to be thankful for.
I will be doing a Xmas and New Years update in the coming weeks! Stay tuned!
This week will ponzi-pump to ~9k, but not enough to prevent the death cross as it finds resistance from the daily cloud, the bottom of the previously broken triangle and the Daily 200 MA, where we will see a reversal in fantastic fashion just as bulls start to get some exuberance again. Liqs for everyone.
This will kick off a multi-day dump from the top to 7700 where it will pause for a moment.. then blast though, ripping apart all those with resting orders in that range. Liqs for everyone.
The "No chill" will continue and rip though 7k, further raping bulls relentlessly till we tap the WEEKLY cloud ~6666. Liqs for everyone.
By this point it will be November, and we will get a decent albeit a bit grindy/lethargic bounce up to ~7600, where over-bearish/leveraged bottom-shorters will experience slow deaths. Liqs for everyone.
At that point it will hit previous support turned resistance and quickly turn around and plummet down to 6k for Thanksgiving. Maybe some Liqs with your sweet potato pie?
From there.. well.. we'll see won't we? Either way, the death of this fake bull market is certainly something to be thankful for.
I will be doing a Xmas and New Years update in the coming weeks! Stay tuned!
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Well then! That was DRAMATIC, but take a look where we are now on Saturday morning.. right back in that range ~9200. This tells me, although they literally liquidated the entire WORLD, I still believe once the euphoria wears off we're going to new lows. Hold on to your hats, as volume is BACK which means so is volatility, which means liqs for everyone.
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What a pretty picture:
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Still on course with my idea.
