Well, I told you guys I suspected it was going to do the same thing as last time we had a futures gap down, See teh circled area, I've been saying it all week.
So I expect the market to bounce back when RSI hits oversold because it still needs the gap fill. Should happen Monday or Tuesday, holding my puts over the weekend, I don't see any news coming out that is going to reverse this market today.
The only way the market gaps up Monday is if Russia gives up on teh war, lol.
High probability of a crypto tank this weekend. BTC probably tests 19k support. I think it bounces there but you never know. Even if it holds support, that's pretty good money if it opens there Monday
So I expect the market to bounce back when RSI hits oversold because it still needs the gap fill. Should happen Monday or Tuesday, holding my puts over the weekend, I don't see any news coming out that is going to reverse this market today.
The only way the market gaps up Monday is if Russia gives up on teh war, lol.
High probability of a crypto tank this weekend. BTC probably tests 19k support. I think it bounces there but you never know. Even if it holds support, that's pretty good money if it opens there Monday
Comment:
My chart is predicting a whipsaw Monday then down and reversal Tuesday. If you're looking to buy the dip, it looks like Tuesday morning after European markets close (or mid-day for you east coast traders)
Comment:
“We will keep at it until we are confident the job is done,” Powell said in remarks delivered at the Fed’s annual conference in Jackson Hole, Wyoming.
“While the lower inflation readings for July are welcome, a single month’s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down,” Powell said Friday.
Ouch, yeah bearish. He had nothing bullish to say.
Realized the return on shorting BITO will probably be better than COIN because of the premium. Shifted profits to BITO puts in addition to the position I opened up this morning. Done for the day, we'll see what happens to cryptos over teh weekend.
“While the lower inflation readings for July are welcome, a single month’s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down,” Powell said Friday.
Ouch, yeah bearish. He had nothing bullish to say.
Realized the return on shorting BITO will probably be better than COIN because of the premium. Shifted profits to BITO puts in addition to the position I opened up this morning. Done for the day, we'll see what happens to cryptos over teh weekend.
Comment:
$6k profit for the week, I'm leaving it all in BITO puts. Even if I get cut in half Monday, it's still a good week. That's all I'm holding.
If cryptos tank over the weekend then I'm buying a new car, lol.
If cryptos tank over the weekend then I'm buying a new car, lol.