Long DRV = 3x Short Real Estate. To me looks primed and ready to go in the mid term to short term. DRV has been heading downwards in this ascending channel, and it has broken to the upside of the channel. Target of that one is around 66.77. Since breaking out of that pattern it has created two smaller bullish patterns, another ascending channel, and a bull flag...
Hi Traders,
Back in August-September 2020, Terra (LUNA) experienced an Ascending Head and Shoulders patten which resulted in the price falling back to the trough of the first shoulder. This didn't matter because then Luna rallied beyond peoples expectations right after. However, this is important because we are experiencing a very similar pattern at the moment....
Last year, a certain holiday week was founded in secret. It involves the one time during the calendar year when it is a good idea to long the bearish 3x ETFs as a speculative play, rather than a hedge.
While they tried to cancel the festival this year for Covid-related reasons (money printing reasons), it seems the bearish folk are coming out to celebrate it...
