Hello fellow traders, Understanding the current markets are awful as of the this year, price suddenly sky rocket like a balloons on space.
My idea is base on Distribution since the COVID 2020 fall of -35%, the price retrace back for 3 years on the run with almost 45% if price goes to my analysis atleast 4966$.
Then we might see a fall or Down back to the COVID 2020 fall.
This is only my view, Not executing unless price reach 4966, maybe next month or end of the month, We have FED/FOMC in the last day of the month.
Trade at your own risk. position yourself at higher possibility .ofcourse this idea has better odds on making a short positions.
This is not a financial advice.
Follow for more higher context. Swing trades. Stay safe folks.
My idea is base on Distribution since the COVID 2020 fall of -35%, the price retrace back for 3 years on the run with almost 45% if price goes to my analysis atleast 4966$.
Then we might see a fall or Down back to the COVID 2020 fall.
This is only my view, Not executing unless price reach 4966, maybe next month or end of the month, We have FED/FOMC in the last day of the month.
Trade at your own risk. position yourself at higher possibility .ofcourse this idea has better odds on making a short positions.
This is not a financial advice.
Follow for more higher context. Swing trades. Stay safe folks.