These types of patterns form and fail a lot in an uptrend and it's not advisable to use them as a sole strategy for fading a trend (Unless you're also using longs to offset losses on shorts) but this is coming in an area I've been looking at for a long time. So particularly interested in it.
Built up a fair amount of short in the rally after the FOMC news. Don't know what the news was. Doubt it matters.
it's all fine wondering if BTC is a speculative bubble... but then you wonder why people not give you credit... if you see bubbles everywhere, also where there's none like in SPX, how can they trust you to assess a potential bubble with a correct lenses?
>but then you wonder why people not give you credit...
No. I don't. Even if the swings I am discussing hit, the credit is not to me. I'm largely using models developed by people before me. The credit would be to those who devised the models.
>. if you see bubbles everywhere
Well, I see one big bubble. In risk on assets.
>how can they trust you to assess a potential bubble with a correct lenses?
Don't trust me. I'm not claiming to know the future. I am raising points as I see them.
I've never asked anyone to believe me, trust me or do as I say. In fact, I keep asking people to debunk me.
Would you like to debunk my points ? "You're generally bearish" isn't a debunk.
Anesthetix
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Not unusual to get a dump the next day or so after FOMC. Bearish divergence everywhere also . Next stop 4800.