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stewdamus
Aug 11, 2023 3:35 PM

Here's my line. When pullback bottom is confirmed, re-enter. 

SPDR S&P 500 ETF TRUSTArca

Description

Traders,

It's been a few weeks since I have done a video update. Hopefully, you all have been following my non-video posts too. I have been making regular posts in attempts to keep you all up to speed on the latest market price action.

In this video, I will show you the line that caused me to sell. This does not mean I have now gone bearish on the market. On the contrary, I am still overall bullish longer term. However, the market is definitely experiencing a bit of a pullback here due to some new inflation data causing more uncertainty. Once this pullback has confirmed a bottom, I will once again look to re-enter my longs. I will show you some of the levels I am targeting on Bitcoin, Litecoin, and Ripple near the end of the video.

Best,
Stew
Comments
elenaec
at what level /price did you sell your bitcoin ? TY
stewdamus
@elenaec, 29770. I will not look to re-enter unless pullback bottom is confirmed (or looks to be) or we cross above 30k and confirm.
elenaec
@stewdamus, what do you expect pullback bottom to reach ? TY
stewdamus
@elenaec, Unknown at this point. I am hoping no lower than 28,500 or next stop the 200 day ma
elenaec
@stewdamus, thank you it may go lower if the market react !!??
stewdamus
@elenaec always possible
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