TLDLR: Weekly and monthly sellers likely exhausted. I am holding or opening longs.
The TD sequential is a nifty indicator that helps you know when a sell off has gone on long enough for a particular time frame. Getting a bearish 9 is a fair sign of exhaustion. The Nasdaq having a weekly and monthly 9 flashing currently is a sign I take very seriously that thinks are going to be moving to the upside for US equities and select "OG" crypto currencies.
The S&P chart likewise shows how very rare 9s are on the weekly or monthly time frame. I am sympathetic to the idea that people are concerned that we might have a "dot com" type bust but I don't see that in the cards yet. I think we are more likely to see QQQ double top or set a higher high than a bull trap.
I could be wrong. Risk management is still a thing. But I remain convinced the highest probability move is bitcion has a 2014-15 style consolidation and then a massive bull run and many alts will be blowing off their tops in 3-4 years.
My linked ideas show why I am bullish with a bit more detail.
The TD sequential is a nifty indicator that helps you know when a sell off has gone on long enough for a particular time frame. Getting a bearish 9 is a fair sign of exhaustion. The Nasdaq having a weekly and monthly 9 flashing currently is a sign I take very seriously that thinks are going to be moving to the upside for US equities and select "OG" crypto currencies.
The S&P chart likewise shows how very rare 9s are on the weekly or monthly time frame. I am sympathetic to the idea that people are concerned that we might have a "dot com" type bust but I don't see that in the cards yet. I think we are more likely to see QQQ double top or set a higher high than a bull trap.
I could be wrong. Risk management is still a thing. But I remain convinced the highest probability move is bitcion has a 2014-15 style consolidation and then a massive bull run and many alts will be blowing off their tops in 3-4 years.
My linked ideas show why I am bullish with a bit more detail.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
