I don't trade these long dated charts - they're just models for the future - a kind of mental roadmap. I only publish for fun - when I'm bored : it's just a hobby.
I swing trade and only hold positions for a few days max : I closed my BTC short last night - and went long. My short target was missed but I still made a few bucks. My long target was tagged an hour ago.
I've opened longs on ETH, Avax and BTC and will hold for a few days - maybe a week - since we may hit 33k.
My short term model is a blow off top in all indexes over the next two weeks - maybe only a double top in equities - and then we suffer a 1929 style deflationary bust.
Putrid_Shittgenstein
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@without_worries, Primarily, you'd be classified as a positional trader, while I'm a strictly swing and trend follower.
That's why your charts are hard for most TV traders to appreciate - because positional traders usually work at the banks and hedge funds, and they don't publish on TV.
without_worries
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@Putrid_Shittgenstein, I'm not a trader. Can't imagine holding a position for only a few days. Below is my last position closed on Vroom (VRM), 200% and some change after 40 days.
2-weeks until deflationary bust?.. following that bet with interest.
Putrid_Shittgenstein
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@without_worries, Yeah - 2 to 4 weeks - that'll be the top. Bu once again it's only a model, not a bet - traders need entry signals.
without_worries
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@Putrid_Shittgenstein, I know you want to see a crash as does much of the market especially as the double top approaches… however there’s no evidence for a crash, none whatsoever. My leveraged long position shall remain open until a sell signal prints, just as before and the year before that.
Alls you’ve got is a confirmed bull flag breakout with a large cup n handle pattern with a 6 to 6.2k target. Expect for us, this run will shock everyone once that target is achieved.
What prerequisites does your model use?
The buy/sell signals printed on the chart below make use of Seven independent coefficients from multiple timeframes.
You're way too bearish at the moment.