As recently as yesterday, before Russian forces recklessly attacked Europe's biggest Nuclear facility, I posted my thesis that the VIX was heading toward a decision point on March 10th. CPI data release for this month.
If this original idea was correct, one should expect a relief rally today.
It would make a lot of sense considering volatile market action...
-Possible we'll see $31-$32k this week
-Spot buy, no stop. Don't use leverage.
-Observe for reaction
-Good price area for relief.
-Expect choppy price action for next week.
-Choppy price action most likely after the dump.
-Reasonable probability for some relief.
-Potential for SFP (swing failure pattern)
-Buying spot, observing for reaction. No stop-loss.
-If doesn't develop as expected idea invalid.
-Scalp trade.
Inflation is a problem that will show its effect over time. $ 1.9T is a lot of money which we cannot ignore.
Forecasted relief plan and deficit for USA and printing money, will destroy or at least do harm the US economy.
This will effect gold, silver and bitcoin in a positive way, due to hedge.
Bullish: stocks and commodities.
Bearish: US dollar
We love America, so when we heard yall needed some help with this Covid nonsense, my cuzins got on that. Relief Therapeutics Holdings AG, traded on the SIX, but also avaiable on OTC. I wont get to technical for all my american home boiz, but weve been injecting this stuff into our balls for years now, but we are more than happy to let yall use it to help youre...
Looking at the charts we are trading inside a descending triangle, after the dump, we had this could also be a continuation to lower levels but i see a relief rally coming soon in markets. a final pump before another major crash.
one more thing noting here is this possible H&S in the making, there is a low chance of this working out as we are at the BOTTOM not...
Even if we are gonna make a LL, which seems possible (see explanations on the chart)
I do think we are gonna see a bounce first.
I can play this plan with 2 scenarios
1-Bounce can be longed on LTF ( we are trending bearish so getting stopped is likely)
2- I can wait to see Resistances to work and short the close on lower time frames
I still have spot ETH so i'm...
Hi, this is my second chart I've posted on Tradingview.
I beeeeelieeeeeevee... Bitcoin could see a relief rally here at the weekly 200MA (5.5k BTCUSD).
*Vol relatively average to past dumps volume data even though there's a giant spread.
*Sitting at a candle cluster with high volume.
*RSI at bounce downtrend range.
What would be a safe way to get in on a...
Price action in the MJ Sector are known for their extremely quick movements and the euphoria is short lived as retail traders take their profits. A quick and massive short squeeze plus hype from overall market sentiment is what it will take for this movement (Since much of the traders of ACB are retail traders). Historically it has done exactly just that.
Waiting...
GbpNzd at minor support overall a daily flag type pattern so it is added confluence. There is some lower level of support a bit lower which in my opinion is a bit more important and significant but still not a bad opportunity.
NzdUsd at a decent level of resistance on the 60 minute can give us some relief, RSI massively overbought so I would be cautious with overly aggressive targets.
