D RSI very overbought hit 20 and W just touching oversold. Much lower than ever.
I'd like to see a re-test of the intermediate C 1.618 $4.12 and across the pitchfork warning line for a more conservative long. Knife catching heroes could jump on in.
TP ?? - Hodl and wait for apes. Should at least return to POC at some point.
Price should not break 1.618 or its probably heading for primary 1:1 @ $3.
I'm short everything so this would be a hedge.
Not advice.
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Fakeout hammer through fib. Sudden buying pressure.
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CLOV has pierced through the 4H20ma. Good chance this is the bottom and one to watch.
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Price rejecting from upper warning line and thus rejecting reversal. It will be interesting to see what happens next and also why i dont FOMO in. Good chance $4.12 is at the very least tested again.
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CLOV descending back into channel, touching lower BB - bearish, should at the very least test the 1.618, but good chance also price passes straight through to either form a fakeout or say buh-bye, my guess is fakeout.
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Almost a re-test - lets see a bit more...
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I'm wading in here. I'll add more as it develops but I've seen enough to open an entry. Although it could dip further, price will most likely anchor around this strong 1.618 fib in reflection of the 1.618 top. Trend has moved sideways enough to threaten the pitchfork upper median line and any bounce will exit trend and I will add more on 1.618 consolidation.
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Hammer close above 1.618.
Its looking good and everyone and your uncle is saying Santa rally.
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Price now threatening the upper warning line and looking to BB can see we're moving out of the pitchfork channel. Price is wrapping around the 1.618 fib landmark.
I've bought deep ITM LEAP calls.
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Hopefully some apes show up. What do you guys think 🤨?
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Price moving nicely around this strong fib. One day hopefully some apes will claim this as their own when price gets to $30/40 or wherever 😄.
@zbooyo, Good chance VXX erupts but its risky. Better RR elsewhere imo, but its fun to play.
zbooyo
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@dRends35, I’m sitting on it, it’s why I asked what do you think
dRends35
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@zbooyo, The problem with VXX QID etc is they decay so unless you have volatility now, you're losing - thats why its so risky. That said good chance it erupts but generally its a losing chart. Who knows you might hit a major home run. I'm short SPX and IYT for a somewhat more conservative short, but not VXX now as significant fibs are further down. Die on your sword.
zbooyo
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@dRends35, Thanks. And yes, I’m always ready to die on my own sword. Just waiting for a cut :)