This was super quick drop - even small time frames were bleeding out.
SPY tanked and hit down limit circuit breaker at 5% ON THE OPEN...LOL
When people need liquidity for margin...they gotta sell something.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on https://www.moneypatterns.com
I do not recommend being totally out in case things turn. I do recommend reducing position size considerably (70-90% or greater).
If DJI goes to 18K or 13K ,then bleeding will most likely continue with BTC and GBTC
That was a once in a lifetime fill IMO
I love it when a plan comes together!
I was waiting for the $8 gap on 1Hr GBTC chart to enter, but looks like we are below that.
Thanks for commenting as well and bringing good vibes.
We got this!