NASDAQ is in ascending wedge which usually breaks downward at over 60% chance in downward trend. Taking into account current economy of US, I would not give it long until we see more downward movement.
I am not your financial advisor, this is my personal view only.
@Jdmacey22, dont know where else to ask, not trying to be off topic.
VisionCodeX
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I have to save this link. Wishful thinking.
I'm going to argue that QQQ will reach an ATH by Dec/Jan.
On the other hand, I'm going to argue that Bitcoin will break below 5.8K by the same time.
You are trading/investing backward.
CryptoManiac101
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@Akhokhar86, You're right, introduction of Bitcoin trading in November, December of this year will push Bitcoin even lower. Mind-blowing logic
VisionCodeX
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@CryptoManiac101, Yes, as someone that manages institutional money, I know how big money feels.
Any rally will get shorted. Let's see.
VisionCodeX
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@CryptoManiac101, Also remember that the introduction of Bitcoin Futures did around towards the end of last year. The mind-blowing logic to assuming more trading means higher Bitcoin prices.
Personally can't wait for a strong move higher as the best risk/reward is to short this down to 3K.